Following the Finanacial Crisis and Gold Standard Collapse of 2083, the Gavastekan economy has seen record growth
By Orbitannica
23/04/2087 08:30 am
Updated: 23/04/2087 09:43 am
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Following the Financial Crisis and Gold Standard Collapse of 2083, the Gavastekan economy has seen record growth. The GDP has grown by 11,4% since the financial crisis, on average 2,75% per year. The post-crisis GDP was 440 billion, having shrunk 6,5% since before the crisis. Today, the GDP is at 490,2 billion Gavastekan Rines.
Most growth seen since 2083 has been in construction (12bn), entertainment (20bn), and finance (10bn). Previously, the industry value of finance in Gavastek was 79 billion, and is now 89 billion. Previously, the entertainment industry was 10 billion, but has since grown more than three-fold to 33 billion.
Following the end of The Financial crisis and Gold Standard Collapse of 2083, many countries were at first weary of providing aid to the country, until the Kingdom of Sweden supported its island-nation neighbour. In total, The Kingdom of Sweden invested more than 137 billion Rines into different industries since 2083. The most aid was seen in the technology (14bn), real estate (8bn), service (20bn), and manufacturing (30b) industries. A large amount of the aid was seen invested in government programs affected by the crisis. Following aid from the Kingdom of Sweden, foreign investment started flowing into the country again, notable The Scandinavian Republic (40bn), The Danish Empire (37bn), The Kingdom of Iceland (15bn), The Commonwealth of Greenland (8bn), and The Democratic Republic of Nova Scotia (5bn). Data collected by the National Institute for the Research of Political and Economic Data (NIRPED), dated to the 23rd of March, 2087.
The following chart is a representation of the twelve largest industries within The Socialist Republic of Gavastek:
Data collected by N.I.R.P.E.D. as of 10th of January, 2087
[Energy and Utilities grouped into services]
Exports have increased by 4,2% over the past year, from 137 billion to 142,7 billion current exports value.
2087 trade surplus: 13 billion Gavastekan Rines
Economic Growth Centres remain in Kepstin, The Sütheim, Falun, and Valhalla Vid Kusten, with reported 62,3% of all banking, real estate, and other financial transactions occurring in the four cities. Combined, the populations of the four cities is six million, with Kepstin's population of 830.000, The Sütheim at 470.000, Falun with 2,7 million, and Valhalla Vid Kusten at a population of one million.
City | Population | Economic Size | Land Area | Location |
The Sütheim | 470.254 | 16,4bn | 945km² | Sülvelt |
Kepstin | 831.563 | 23bn | 1243km² | Vännästolven |
Falun | 2.708.842 | 9,05bn | 2072km² | Ställv |
Valhalla Vid Kusten | 1.023.618 | 7bn | 1476km² | Gibrantölv-Siplotiktävt |
FISCAL INFORMATION
Currency: Gavastekan Rine
Currency Symbol:
Conversion Rate: 1,0000000 GR = 2,1343182 USD
Fiscal Year Start: 1st January
Fiscal Year End: 31st December
Monetary Fund: Wei International Bank
Country Status: First World
Mean Wealth Position: Central Middle Class
Median Wealth Position: Central Middle Class
Population: 15.416.515 (2087) (+32.648)
GDP: 490,2 billion (+3,87%)
GDP per capita: $32.315,994 (+1.684,554) (+5,49%)
Annual Inflation: (1,292586479%)(2087)
Poverty Line Population: 0,34% (Under 8.000 Rines/yearly) | 51.004 Gavastekans (-8.542) (-19,86%)
Gini: : 28.57 (-3,29)
Average Retirement Age: 59
Able Working Population: 11.442.878 (+18.971)
Working Population: 11.165.494 (+20,652)
Able Working Employment Rate: 97,58%
Pension Eligibility Age: 60
Unemployment Rate: 2,42%
Minimum Working Age: 17 Years
Domestic Debt: 12.384.662.574,88 GR (-4.565.997.14)
39,58% of GDP
Revenue: 262Bn
52,58% of GDP:
Expenses: 214Bn
43,65% of GDP
Foreign Reserves: 862 M
Report Provided by Orbitannica© in association with The National Institute for the Research of Political and Economic Data.
Orbitannica© in a licensed trademark of Orbitannica Publishing Company
433 N. Olsson Ave. Kepstin, Gavastek
Replies
very good bulletin that deserves more attention
But I want to add that the way employment and unemployment are calculated is different
So employment + unemployment do not equal 100%
Employment is the percent of people who can work that are employed
Unemployment, to the contrary, is calculated by the number of people looking for jobs that are not employed (as a percent of the number of people that can be employed)
Atleast I think, I was honestly confused when I was making my bulletin and just started googling stuff and this is what it says
however, you can theoretically calculate it any way you want so it doesn't mean your percentages are invalid, unless supposed to be the traditional calculation of unemployment