Difference between revisions of "Economy of The Oan Isles"
(→Manufacturing) |
(→Manufacturing) |
||
| Line 60: | Line 60: | ||
The primary sector is made up of fishing, forestry, agriculture and mining. By far the largest component of the primary sector is fishing. The primary sector makes up 1% of the economy of the Oan Isles. This represents 18.2 billion dollars in nominal terms or 20.8 billion dollars in power purchasing parity terms. This sector benefits from the location of the Oan Isles. It is located in fhe tropical area of the world. There are many coral reefs. Coral reefs contain a large amount of the marine life on the planet. They make up about 25% of the marine life of the planet, yet they only make up 2% of the planet's oceans. | The primary sector is made up of fishing, forestry, agriculture and mining. By far the largest component of the primary sector is fishing. The primary sector makes up 1% of the economy of the Oan Isles. This represents 18.2 billion dollars in nominal terms or 20.8 billion dollars in power purchasing parity terms. This sector benefits from the location of the Oan Isles. It is located in fhe tropical area of the world. There are many coral reefs. Coral reefs contain a large amount of the marine life on the planet. They make up about 25% of the marine life of the planet, yet they only make up 2% of the planet's oceans. | ||
| − | == | + | == Secondary sector == |
The secondary sector is made up of processes that turn natural resources and raw materials into goods. This sector makes up 39% of the economy. This represents 709.8 billion dollars in nominal terms or 811.2 billion dollars in power purchasing parity terms. This sector drives the economy, generates jobs and makes up most exports. It benefits from a highly technically skilled workforce and an established and generally positive reputation. | The secondary sector is made up of processes that turn natural resources and raw materials into goods. This sector makes up 39% of the economy. This represents 709.8 billion dollars in nominal terms or 811.2 billion dollars in power purchasing parity terms. This sector drives the economy, generates jobs and makes up most exports. It benefits from a highly technically skilled workforce and an established and generally positive reputation. | ||
| − | This sector is diverse and is made up of a variety of industries. The biggest part of this sector is the production of electronics. This is followed by the manufacture of robots, scientific apparata, | + | This sector is diverse and is made up of a variety of industries. The biggest part of this sector is the production of electronics. This is followed by the manufacture of robots, scientific apparata, ships, aircraft and weapons. A very large and important part of this sector is the recycling of old goods to produce new ones. The ability and willingness to take what seems like garbage and turn it into profit is a very important part of this sector. It allows us to reuse materials that would have otherwise been discarded. Another important part of this sector is property development. This is the construction of infrastructure and other facilities that make it possible for the economy to work. Because the Oan Isles is heavily urbanised, new buildings are constantly being erected and roads are being laid. |
The biggest company in the Oan Isles was the [[Metatron Corporation]]. It was the 8th largest company in [[Aurora]]. Its manufacturing component, Metatron Industries remains the single largest exporter in the country. It is followed by the [[Shipyards of The Oan Isles Ltd.|Oan Shipwrights Corporation]], the Oan Aerospace Corporation, the Oan Arms and Munitions Corporation, the [[Oan National Motor Corporation]], Takalo Pharmaceuticals, Moana Chemicals, Pounamu Technologies and Huahana Industries. | The biggest company in the Oan Isles was the [[Metatron Corporation]]. It was the 8th largest company in [[Aurora]]. Its manufacturing component, Metatron Industries remains the single largest exporter in the country. It is followed by the [[Shipyards of The Oan Isles Ltd.|Oan Shipwrights Corporation]], the Oan Aerospace Corporation, the Oan Arms and Munitions Corporation, the [[Oan National Motor Corporation]], Takalo Pharmaceuticals, Moana Chemicals, Pounamu Technologies and Huahana Industries. | ||
Revision as of 19:01, 11 October 2017
| Economy of The Oan Isles | |
|---|---|
 Port of The Rock, the industrial centre and largest container port. | |
| Rank | 5 (Aurora), and 1 (Polynesian Union) |
| Currency | Oan Dollar (OAD or OA$) |
| Fiscal year | 30 March - 1 April |
| Statistics | |
| GDP | $2.08 trillion |
| GDP growth |
 2.9% |
| GDP per capita | $40,000 |
| Inflation (CPI) |
5.4% |
| Population below poverty line |
3.1% |
| Gini coefficient | 39.5 |
| Labour force | 32.7 million |
| Unemployment | 6.3% |
| Main industries | Property development and real estate, financial services, transshipment, tourism, information technology, electronics, vehicle, aircraft and ship manufacturing, recycling, civil service and utilities |
| External | |
| Exports | $570 billion (2014) |
| Export goods | Electronics, solar panels, optic fibres, microchips, cars and other land vehicles, robotics, ships, aircraft, weapons, consumer goods |
| Main export partners | Polynesian Union, Auroran Continental Assembly, Atlantian Alliance, Gordic Council |
| Imports | $450 billion |
| Import goods | Metal, water, electricity, uranium, petrol, natural gas, ethanol, food, fish, wood, sand, stone, cement, fibres |
| Main import partners | Polynesian Union, Auroran Continental Assembly, Atlanian Alliance, Gordic Council |
| FDI stock | $28 billion |
| Public finances | |
| Public debt | $5.8 trillion |
| Revenues | $1.3 trillion |
| Expenses | $1.3 trillion |
| Economic aid | 18 billion |
| Credit rating | A– (Domestic) |
| Foreign reserves | $270 billion |
| All values, unless otherwise stated, are in US dollars | |
The economy of the Oan Isles follows a mixed socialist and free market model. High taxes, welfare programs and state regulation are employed to control the private sector, promote income equality and redistribute wealth. The state undertakes entrepreneurial activities and invests in industry. Private enterprise is permitted and even thrives. Inequality continues to be a major concern. Wealthy families own most of the nation's wealth through trusts that own and manage their pooled assets.
The Oan Isles has a wealthy economy. The country has the largest economy in the Polynesian Union and the fourth largest economy in the Auroran region. The Oan Isles has a nominal GDP of 1.82 trillion SHD and a per capita distribution of 35,000 SHD. The Oan Isles has a PPP GDP of 2.08 trillion SHD and a per capita distribution of 40,000 SHD. The Oan economy has a positive growth of 2.9%.
The Oan Isles has a diverse economy. The primary sector makes up 1% of the economy. The secondary sector makes up 39% of the economy. The tertiary makes up 60% of the economy. The largest sectors of the economy are financial services, transhipment, telecommunications, information technology, tourism, government, retail, electronics, robotics, scientific apparata, machines, weapons, aircraft assembly and ship building.
The Oan Isles has an export driven economy. It's largest trade partners are Konoa, Asian Pacific Islands, East Polynesia, Staynish-Caltharus Empire and Kuthernburg. It has imports of 480 billion SHD. They include metals, fuel, food, wood, sand, cement, weapons, and machines. It has exports of 500 billion SHD. They include electronics, robotics, scientific apparata, weapons, aircraft and ships.
The Oan Isles has several companies. The largest companies include the Metatron Corporation (electronics), Standard National Bank (banking), Cafe Net (internet services), Oan Industrial and Commercial Bank (banking), Floating Market (retail), Oan Shipwrights Corporation (shipbuilding) and Oan Aerospace Corporation (aircraft). Approximately 10 Oan companies appear on the Auroran Stock Exchange 100 Largest Companies in Aurora Index.
The Oan Isles has stable public finances. The Oan Isles uses the Oan dollar as its legal tender. It has a stable exchange rate of 7 OAD to 1 SHD, and 4.1 OAD to 1 KRB. It has an interest rate of 1%. It has reserves of 270 billion SHD. It has managed to remain buoyant on its high debt of 5 trillion SHD through beneficial repayment agreememts. The state generates revenues of 895 billion SHD and expenses of 887 billion SHD.
Ultimately the Oan economy is helped by an active and competent government, highly technically skilled, innovative and hardworking population, strong cooperative wealth generation and management tools, strategic geographical position, prudent investment choices and a policy that actively pursues interaction with other nations.
Contents
Primary Sector
The primary sector is made up of fishing, forestry, agriculture and mining. By far the largest component of the primary sector is fishing. The primary sector makes up 1% of the economy of the Oan Isles. This represents 18.2 billion dollars in nominal terms or 20.8 billion dollars in power purchasing parity terms. This sector benefits from the location of the Oan Isles. It is located in fhe tropical area of the world. There are many coral reefs. Coral reefs contain a large amount of the marine life on the planet. They make up about 25% of the marine life of the planet, yet they only make up 2% of the planet's oceans.
Secondary sector
The secondary sector is made up of processes that turn natural resources and raw materials into goods. This sector makes up 39% of the economy. This represents 709.8 billion dollars in nominal terms or 811.2 billion dollars in power purchasing parity terms. This sector drives the economy, generates jobs and makes up most exports. It benefits from a highly technically skilled workforce and an established and generally positive reputation.
This sector is diverse and is made up of a variety of industries. The biggest part of this sector is the production of electronics. This is followed by the manufacture of robots, scientific apparata, ships, aircraft and weapons. A very large and important part of this sector is the recycling of old goods to produce new ones. The ability and willingness to take what seems like garbage and turn it into profit is a very important part of this sector. It allows us to reuse materials that would have otherwise been discarded. Another important part of this sector is property development. This is the construction of infrastructure and other facilities that make it possible for the economy to work. Because the Oan Isles is heavily urbanised, new buildings are constantly being erected and roads are being laid.
The biggest company in the Oan Isles was the Metatron Corporation. It was the 8th largest company in Aurora. Its manufacturing component, Metatron Industries remains the single largest exporter in the country. It is followed by the Oan Shipwrights Corporation, the Oan Aerospace Corporation, the Oan Arms and Munitions Corporation, the Oan National Motor Corporation, Takalo Pharmaceuticals, Moana Chemicals, Pounamu Technologies and Huahana Industries.
Services
The services sector relates to services that are performed for rather than goods that are sold to people. The services sector is the largest sector of the economy. It makes up 55% of GDP. It generates 1,44 trillion SHD of PPP GDP and 1 trillion SHD of nominal GDP. It employs 40% of the workforce. It is highly influential and far reaching.
Its largest component is the financial services sector. This diverse sector includes commerical, investment and development banking, and insurance. It is followed by the information computer and technology sector. This sector ranges from online applications and digital services, software development and communications. It is followed by tourism, gambling, real estates, media and entertainment, and transhipment and re-export, among many others.
The largest company in this sector is also the second largest company from The Oan Isles and the tenth largest company in Aurora: the Standard National Bank. It is followed by Cafe Net, FloatingMarket.com (which works with Posol Industries), OANTELECOMS (which has monopolies over internet communications in Latianburg, Atiland and Nacata), Marama Insurance, Huatamanu Shipping, Tamatea Estates, Metatron Technologies, Aotearoa Bank and Arokomotua Communications.
Construction
The property development and construction sector generates 5% of GDP. That represents 104 billion dollars in PPP GDP and 91,4 billion dollars in nominal GDP. Total property in the Oan Isles is worth nearly 100 trillion dollars. It relies on high prices and easily available credit. Property booms are avoided due to state intervention and management, and affordable rent for the poor. The Oan Isles has some of the most severe property prices in the world. La Rochelle's Tomaoaeni District is worth 100,000 SHD per square metre. Due to the mercurial nature of jobs and projects it is difficult to ascertain the number of jobs. 4 million people worked on construction sites at some point in the 2016/2017 calendar year.
Monetary Policy
The Bank of the Oan Isles issues and regulates the Oan currency, which is the Oan Dollar. The average exchange rate of the Oan Dollar is 7 OAD to 1 SHD, 3.5 OAD to 1 Kirib and 1.8 OAD to 1 Veskono. It is backed by sizeable reserves and supported by low interest rates and a stable institutional infrastructure, and policy framework. It is a fiat currency, fluctuating in value according to market forces. Its value was significantly reduced in 2017 by the Auroran-Pacific War, massive below-market value sale of Xagrurgian kiribs and completely leaving the Auroran Common Monetary Apparatus. Analysts believe that the devaluation was a long term achievement, that attracted more buyers of Oan services and goods.
Fiscal policy
The National Budget hovers around 1,3 trillion SHD. It is set by the National Treasury. It focuses on health, education, social welfare, and infrastructure followed by law and order, administration, and debt servicing. The state generates income from rents, taxes and profits around 1,3 trillion dollars in total. It has a high debt of 6 trillion dollars, with its largest contributor being the LabiaTurtle Bank seated in Blueacia. Through shrewd policy frameworks and negotiations, debt has been offset and its impact, especially on the poor and working class, has been significantly reduced. Taxes, especially for the rich, are high, going as far as 60% of income and profits.
Trade
The Oan Isles has a large number of trade partners. Its largest trade partners by political and/or economic bloc are: the Polynesian Union (33%), the Auroran Continental Assembly (25%), Atlantian Alliance (20%) and the Gordic Council (12%).
Its largest trade partners by country are: Konoa (15%), Asian Pacific Islands (12%), Staynes (9%), Kuthernburg (8%), Caltharus (6%), East Polynesia (6%), Tuvaltastan (4%), Dragonia (3.5%), The Atlae Isles, Furnifold, Tretrid, Mexregiona, and Latianburg (2%).
