Difference between revisions of "Economy of Furnifold"

Revision as of 20:15, 22 October 2017

Royal Republic of Furnifold
Furnifold on Yasteria in The East Pacific
Region		The East Pacific
Capital		McLendal
Largest city		Boonefield
Demonym		Furnifoldian
Government		Centralized Republic
-	Magistrate Head of State and Foreign Government	Jacopo d'Arrigo
-	Chancellor Head of Domestic Government	Faith Jagan
-	Foreign Secretary	Jackson Woolf
Legislature		Senate
History
-	Founding	1778
Area
-	Total	170,800 km2 66,000 sq mi
Population
-	2015 estimate	16,000,000
-	Density	95/km2 246/sq mi
GDP (nominal)		estimate
-	Total	SHD$37.8 billione
-	Per capita	SHD$2,256
Gini (2015)		65 very high
Currency		South Hills Dollar (SHD)
Date format		dd ˘ mm ˘ yyyy
Drives on the		right
Calling code		816
ISO 3166 code		FUR
Internet TLD		.fur

Furnifold is a developing nation, trending towards positive development with a stable growth pattern and a government embracing several aspects of modern civilization. Though primarily agriculture, Furnifold is moving towards a service-based economy. A dearth of natural resources in the country and several environmental concerns make Furnifold an environmentally poor nation. Due in part to foreign agricultural investment, Furnifold embraced a "Green Revolution" of sorts, engaging in efficient and productive agricultural advancement. Now, it exports more agricultural goods than its population needs to eat, and agribusiness of Furnifold are the more profitable companies in the country. It currently retains several institutions of agricultural science, and exports specialized knowledge of agricultural practices to interested nations.

The industrial sector of Furnifold is small, and located in the cities of Boonefield, Kwoleck, and Chonvor City. Furnifold produces primarily simple manufactured goods, like textiles, and a small supply of precious metals. Furnifold's economic goal is to expand the complex manufactured development in the nation, and is beginning to ecourage foreign investment and foreign specialists to the nation for this purpose.

Furnifold seeks to expand its service sector, which is composed of mainly investment banking and government services. Occupying a major shipping lane, Furnifold is expanding its export and shipping services. Previously it had owned a port-of-call named Gronmund Port, but due to budget deficits it sold the Port. Furnifold has consolidated its holdings into the cities of Hafre and Ato. It's other expansion is in investment and brokerage. Woolf and McLendal are the only locations within Furnifold that have enough capital and demand for investment brokerage, so Furnifold companies have expanded out to other nations and operated in them. Currently investment brokerage firm Manleh Cousins is operating a global commodities market in Kuthernburg.

• GDP: 37,148,500,000 (SHD)
  
• GDP per capita- 2,256(SHD)
  
• GDP- Composition by sector
  
  • Agriculture- 66.6%
    
  • Industry- 8.5%
    
  • Services- 24.9%
    
• GDP- Growth rate: 6%
  
• GDP- composition, by end use:
  
  • Household Consumption: 43.8%
    
  • Government Consumption: 20.8%
    
  • Investment in Fixed Capital: 34.3%
    
  • Investment in Inventories: 0.6%
    
  • Exports of Goods and Services: 11.2%
    
  • Imports of Goods and Services: -5.4%
    

• Budget:
  
  • Revenues- 3,547,723,000 (ISD)
    
  • Expenditures- 3,427,000,000 (ISD)
    
• Taxes as a proportion of revenues:
  
  • 73.5% of budget
    
• Public debt- 2.39% of GDP
  
• Inflation rate- 5.4%
  
• Labor force- 8,380,000
  
  • By occupation:
    
    • Agriculture- 51%
      
    • Industry- 18%
      
    • Services- 31%
      
• Unemployment rate- 16%
  
• Population below poverty line- 23.9%
  
• Household income or consumption by percentage share:
  
  • Lowest 10%: 0.9%
    
  • Highest 10%: 60.2%
    
• Gini Index of Income Inequality- 65.2
  
• Agriculture products:
  
  • Corn, cotton, fruits, meat, milk, okra, rice, soy, sugar cane, vegetables, wheat
    
• Industrial Products:
  
  • Food processing, textiles, precious metals, hydrocarbons, refined materials, light manufactured goods
    
• Services rendered:
• Import partners- Free Syllvin
  
• Export partners- Tivot, Tuvaltastan, Chianski, Kuthernburg, The Oan Isles, Free Syllvin, Xagrurg
  
• Exports:
  
  • Agricultural Products- corn, cotton, fruits, okra, rice, sugarcane, vegetables
    
  • Industrial Products- textiles, precious metals, hydrocarbons, refined materials, machine assembly
    
  • Services Rendered-
    
• Imports:
  
  • Agricultural Products-Water, foodstuffs
    
  • Industrial Products-Machinery and equipment, chemicals
    
  • Services Rendered- Military expertise, contracting, technical services

• Export amount: 975 million (ISD)
  
• Import Amount: 430 million (ISD)
  
• Average Tariff rate: 11.21%
  
• Stock of foreign direct investment- 1.208 billion (ISD)
  
• FDI to GDP Ratio- 1:4.5
  
• Stock of foreign aid received- 1.511 billion (ISD)