What's Your Nations economy like?

Please post below the country that your economy most resembles. It can be any country in the world but it has to be realistic. If your from the tropics, your major export can't be pine trees and if you're from the far north or south it can't be citrus fruits . Also please don't post that your economy is like America or Canada if your country is the size of switzerland :p... that wouldn't be very realistic either.

I am doing this so that we can set up a budget for each nation in AIN and a budget for the union. This will help role playing because when we're trading now people have an unlimited amount of money... Now if you buy something, your account goes down. If you sell something your account goes up.

Thanks,
Tyler Dix
Head of Economy and Trades

Sounds like a good idea Tyler.

Ollingdale is a cross between Abu Dhabi and Switzerland - We have a lot of oil pumping the economy, we're growing rapidly despite the economic downturn recently, 7% growth last year, and we have extremely low taxes on corporations and wealthy families, like Switzerland.

Lanaya is a mix. It looks like Quebec for its power (energie), but the most rentable economy is Services. A lot of entreprises have one of their HQ in Lanaya, such as: Delson, TD Canada Trust (a canadian bank), HSBC, World Bank, FIFI (formula 1), Air Blakeway, Wolkswagen, BMW, Electrola, Pannasonic, Sony, etc. Tourism is also a great economy factor. Overall, it looks like Hong Kong, but a french version of it

Holidia has only recently started to develop economically recently with GNP exceeding GDP in 2002. It now has a very strong economy and was one of the financial powers of the COFR. Before 1991 28% of employment was in Agriculture (mainly flax, dairy and orchards), 49% in Manufacturing, 20% in public services and 3% in private sector services. In 2005 this had evolved to 9% of people employed in private sector in Agriculture, 35% Manufacturing, 10% Tourism and 45% in Services and 1% in Quaternary industries (Research and Development). 57% of the population were employed in private sector, 33% in pubic sector and 10% were unemployed.

Holidia has low taxes on low income families with a combined income of below national average. Everything else has high taxes, this along with the high cost of living has resulted in a lot of emigration. Although many businesses have moved into Holidia as it has a very simple form of company law and other than corporate tax has little other expenses on businesses, therefore it has became a great nation for companies to start up western european operations from.

Our major exports are Dairy, Ships, small manufactured parts of aircraft and large machinery and orchard fruit such as: apples anda pears.
Our Major Imports are Oil, steel, food, alcoholic beverages, cereal products and electronics

Country's Resemblance
Fornax closely resembles South Korea in terms of transportation manufacturing as it is a major transportation manufacturing hub of South East Asia. Ranging from family cars to buses, lots of vehicle manufacturer have chosen Fornax as a place to manufacture their vehicles and ship them to various countries around the Pacific Ocean.

Like several South East Asian countries such as Thailand, Malaysia and Indonesia, several types of agricultural products are grown and exported to other countries from Fornax. The most common ones are rice, soybeans, sugar cane, durian (seasonal from July to September), leaf vegetables and farmed seafood (sardine, tuna, pomfret, horse crab, flower crab, abalone).

Like Thailand, Fornax also depends on tourism to boost their economy.

However, in major cities, companies and foreign investments are the city's main source of income, similar to Singapore.

Therefore, in summary, Fornax is dependent on three main things for their economy:
1) Transportation Manufacturing (resembles South Korea)
2) Agriculture (resembles Thailand, Malaysia and Indonesia)
3) Tourism (resembles Thailand)

The top 3 Fornaxian Exports are:
1) Automobile (cars)
2) Rice
3) Soybeans

The top 3 Fornaxian Imports are:
1) Aluminium
2) Crude Oil
3) Steel

The top 5 local natural purchases are:
1) Rice
2) Leaf Vegetables
3) Soybean products (mostly Soy Sauce and Tofu)
4) Sugar Cane (including Sugar Cane Juice, Syrup and Rock Candy)
5) Fish (mostly Canned Sardine, Canned Tuna and Ikan Bilis [Fried Anchovies])

The top 5 local man-made purchases are:
1) Mobile Phones
2) Paper products (including Books and Newspapers)
3) Personal Vehicles (excluding Motorcycles)
4) Computer products (only Monitor, CPU, Mouse and Keyboard)
5) Petrol

Spending Power
Fornax basically spend mostly on military products and raw materials.

Military Products: Since 2009, Fornax have begun stocking up on military equipments and items in order to prepare for a possible full-scale war with its neighbouring Caroline Countries. Prior to that, since independence in 1956, Fornax have done the same thing as it was constantly on war with its neighbouring countries, especially 1971 to 1974 and 1991 to 1994. During the three periods (1972 to 1974, 1991 to 1994 & 2009 to current), the Fornax National Bugdet for Military have increase from a range of 3.6% to 7.1% to a range of 16.3% to 19.9% (currently 18.4% as of March 2010 Budget). From February 2010 to March 2010, Fornax have spent a total of US$220.7 billion worth of military equipments, including US$116.7 billion from AIN countries alone and US$2.1 billion worth of firearms from Singapore.

Raw Materials: Despite being a reasonably large country, about 15% of the land is mountaineous. The implementation of a law that strictly prohibits deforestation means that Fornax will have to import wood. Fornax also doesn't have any oil reserves, deeply dependent on import of crude oil. Mining was also banned in the 1960s, relying on imports of minerals and resources, especially aluminium, steel, iron, silver, gold and copper. Fornax used to rely on import of water due to lack of knowledge on obtaining fresh water for general uses, but now have built reserviors, desalination plants and most recently advanced reclaimed water (using Singapore's NEWater technology) for water usage. In total for FY2009 (March 2009 to February 2010), a total of US$182.5 billion have been spent on raw materials. Fornax however does not import sand as it uses its own sand from its own land (hills and mountain side) and quarries.

Other stuff Fornax heavily spent on (more than US$75 billion annually) includes agriculture (non-leafy vegetables, wheat, citrus fruits and sugar), computer applicances and fabric (including clothes).

Governmental Spending in US$ billion per year since FY2000 (not adjusted for inflation)
Each Fiscal Year [FY] ranges from March to February on the following year.
All percentage are compared on FY2000.
2000: 459.2 (0.00%)
2001: 460.3 (+0.23%)
2002: 457.3 (-0.41%)
2003: 456.2 (-0.65%)
2004: 461.0 (+0.39%)
2005: 470.9 (+2.54%)
2006: 483.6 (+5.31%)
2007: 489.1 (+6.51%)
2008: 492.3 (+7.20%)
2009: 508.7 (+10.77%)

Update. Lanaya economy looks like Singapore and Hong Kong. Even if the country is far from both of the 2 above, Lanaya has low taxes for companies. That's why alot of company has their HQ in Lanaya. Agricultural is also very prospere since the land is very good.

If ya follow Aran's way to describe Fornax economy, here's Lanayan one!

Therefore, in summary, Lanaya is dependent on three main things for their economy:
1) Services (Banks, companies)
2) Agriculture (Rice, Milk, etc.)
3) Tourism (natural tourism, cultural, sun tourism, etc.)

The top 3 Lanayan Exports are:
1) Electronic
2) Gold/Silver
3) Wood/Paper products

The top 3 Lanayan Imports are:
1) Oil
2) Corn
3) Sugar

The top 5 local natural purchases are:
1) Electricity - Solar/Wind/Water (100% of all the electricity consummed)
2) Wood
3) Gold/Silver
4) Rice
5) Fish (alot of different type of fishes)

The top 5 local man-made purchases are:
1) Phones
2) Paper products (including Books and Newspapers)
3) Computer products
4) Petrol
5) Personal Vehicles

Thanks Aran!

More on Ollingdale's economy will be shown in our EXPO, although I may post more here later.
(If you all need oil, we have LOTS)

I'm not really sure how to compare Arcacia with another country. The economy is rather unique.

Arcacia's wealth comes from its gold reserves which it has built up over 200 years. The Bank of Arcacia is the only bank authorised to loan money to the government, private banks are forbidden from issuing loans that are not guaranteed by their own reserves. For instance, if a private bank only has 1 million dollars in its vaults, it can't loan 2 million. Due to these tight controls, Arcacia was unaffected by the recent "credit crunch."

Arcacia exports fresh produce, electronics, technology and whitegoods. It imports food, cars, fuel and other sundries that we do not produce ourselves.

Arcacians pay a flat 5% income tax, but there is a tax free threshold, which means those earning below $30,000 per year do not pay tax. There is no property tax. There is a GST (Good and Services Tax) which is capped at 7%.

As mentioned before, Arcacia's wealth is in gold. The currency is the only one in the world that is pegged to the Gold Standard, meaning $1000 Arcacian is always worth 1 ounce of gold. Arcacia also has silver and platinum reserves. It is all kept in a huge vault carved out of the granite under Capitol Island in Providence. Tours are available.

Currently, there is about $375 million in actual cash in the country, roughly $1500 per person. This is nowhere near the $160 billion gold reserve, or 5000 tonnes. Of course, this does not take into consideration the silver or platinum.

I should have put this above, but also say basically what your countries "spending power" would be. Like how many trillions or billions of dollars per year. Then I can use this for creating the budget.

Thanks for all of the stuff you guys put

Oil's Lanayan Spending is: 3,000,000,000 per year.
Electricity spending is: 0$ since all the electricity used is produced in the country.

Thanks for saying where's your gold :twisted: Dan!
haha -.-

While the City of Hypertrophy may resemble the City of NYC and San Fransisco.

The Kingdom of Hypertrophy's economy was really inspired by the United Kingdom. Although, I have some knowledge about UK's economy, that it's suffering a great recession like other nations. However, there are some things that I don't know about, but some methods inspire me to understand.

The capital, City of Hypertrophy's cheif industry is banking and finance. It has held numerous banks from Fornax, Petrova, Holida, Hiigara, Ascadelya, Escambia, and Ollingdale. It was one of the financial capitals during its reign of the COFR. It is now one of the most influencial cities as far as capitalism.

However, since the Crash of 2007 City of Hypertrophy has experience the ripple effect, from Bank Street. Dozens of homes began to foreclose as the result of it, Pleasure Island, one of the most attractive places to visit in Hypertrophy began its massive lay-offs as tourism dropped by 25% in 2008-2009.

City of Valentina was the worst hitting city because of its unemployment is at 20%. Many of the manufacturing companies began closing. Some have relocated to Gartlan because of low tax policies.

While Kingdom of Hypertrophy's main business is finance and tourism, it produces high-technology and robotics. Ore mining is also another industry that goes on in Hypertrophy. Since the Gold Market Boom, mining jobs have been filled to keep the economy going in some locations.

But much of the economy is in relliance with both the financial sector and the tourism industry.

Spending power - that's a different story. Arcacia would be able to spend $1 billion per year outside the country.

Arcacia also has a number of other investments, totalling about $1 trillion, but this is not considered when dealing with actual cash/gold.

Blakeway - the vaults are guarded by heavily armed Coast Guardsmen, is under constant video surveillance and every single bar of gold has a serial number and coat of arms stamped into it, so try your luck.

I've added the spending power of Fornax above, although I expected some of you to find it unrealistic (remember, Fornax have a population of 69 million).

Here's that snippet below:

Spending Power
Fornax basically spend mostly on military products and raw materials.

Military Products: Since 2009, Fornax have begun stocking up on military equipments and items in order to prepare for a possible full-scale war with its neighbouring Caroline Countries. Prior to that, since independence in 1956, Fornax have done the same thing as it was constantly on war with its neighbouring countries, especially 1971 to 1974 and 1991 to 1994. During the three periods (1972 to 1974, 1991 to 1994 & 2009 to current), the Fornax National Bugdet for Military have increase from a range of 3.6% to 7.1% to a range of 16.3% to 19.9% (currently 18.4% as of March 2010 Budget). From February 2010 to March 2010, Fornax have spent a total of US$220.7 billion worth of military equipments, including US$116.7 billion from AIN countries alone and US$2.1 billion worth of firearms from Singapore.

Raw Materials: Despite being a reasonably large country, about 15% of the land is mountaineous. The implementation of a law that strictly prohibits deforestation means that Fornax will have to import wood. Fornax also doesn't have any oil reserves, deeply dependent on import of crude oil. Mining was also banned in the 1960s, relying on imports of minerals and resources, especially aluminium, steel, iron, silver, gold and copper. Fornax used to rely on import of water due to lack of knowledge on obtaining fresh water for general uses, but now have built reserviors, desalination plants and most recently advanced reclaimed water (using Singapore's NEWater technology) for water usage. In total for FY2009 (March 2009 to February 2010), a total of US$182.5 billion have been spent on raw materials. Fornax however does not import sand as it uses its own sand from its own land (hills and mountain side) and quarries.

Other stuff Fornax heavily spent on (more than US$75 billion annually) includes agriculture (non-leafy vegetables, wheat, citrus fruits and sugar), computer applicances and fabric (including clothes).

Governmental Spending in US$ billion per year since FY2000 (not adjusted for inflation)
Each Fiscal Year [FY] ranges from March to February on the following year.
All percentage are compared on FY2000.
2000: 459.2 (0.00%)
2001: 460.3 (+0.23%)
2002: 457.3 (-0.41%)
2003: 456.2 (-0.65%)
2004: 461.0 (+0.39%)
2005: 470.9 (+2.54%)
2006: 483.6 (+5.31%)
2007: 489.1 (+6.51%)
2008: 492.3 (+7.20%)
2009: 508.7 (+10.77%)

thank you aran! this is perfect! i guess we have Aran's budget figured already

Lol nice.

Tyler wrote:thank you aran! this is perfect! i guess we have Aran's budget figured already

haha yep. But dont you have to convert is spendings into AINERO's?

well that will be easy ... i just have to take it divided by whatever the exchange rate is at the time... and once this is done we will get the exchange rate started... Do you guys want a weekly or daily update on it?

I just combine Indonesia, Singapore and Australia for East Rockcoast.

Tyler wrote:well that will be easy ... i just have to take it divided by whatever the exchange rate is at the time... and once this is done we will get the exchange rate started... Do you guys want a weekly or daily update on it?

I think weekly update would be best so that all of us don't give you so much work.

Yeh, weekly would be easier.

I would say the Illu'a economy is a mix of Washington and West Virginia, except smaller. Washington because it's a nearby state that I can emulate, and West Virginia for coal mining.

The population of Illu'a is about 4.2 million.

Petrova's economy most resembles Estonia. Like Estonia, Petrova has become fully industrialized and is considered a high income nation. The country depends on the huge blue diamond business in the Caucasus Mountains in the Petrova region. Petrova almost has a non-existent public debt, but it has been revealed that due to the August 2010 simlympic bid renovations, the country owes 2.5 billion dollars to several neighboring nations.

Petrova wasn't as affected in the late 2000's gobal depression due to its lack of dependence with the western banks. While Petrova trades with just about every country, the country does most their trading with Asian and Eastern European nations. There is a national unemployment rate of 4%.

A small portion of the economy goes to tourism with the Chihiro International Village, DisneyPetrova, Chipari Water Theme Park, and numerous international events located in the Capital Belt(Metro Chihiro).

Economy of Corraile

The economy of Corraile is vastly similar to the Asian Tigers, such as Japan and Taiwan. Corraile industrialised rapidly upon independence in 1970, with major American and European electronics investing heavily in the country

Important Facts

Corraile has a GDP per capita vastly comparable to most industrialised western nations, amounting to USD40,823.

Exports include
-Crude Oil
-Pharmaceuticals
-Heavy engineering (Aircraft, ships, vehicles etc.)
-Electronic and photonic circuits (via wafer fabrication)
-Agriculture produce (e.g Wheat, Grain, Fruits etc.)

Much of Corraile's governmental investments are based on the obtaining of raw materials, such as fresh water, which is obtained, like Fornax, through Singapore's NEWater water recycling technology, desalination and others.

Corraile is one of the few countries in the world which are debt-free, with a national budget reserve of US810 billion.

Government Cashflow since 2000

FY2000 - C$109b
FY2001 - C$108.5b (-0.5b)
FY2002 - C$108.6b (+0.1b)
FY2003 - C$108.8b (+0.2b)
FY2004 - C$109.5b (+0.7b)
FY2005 - C$110.0b (+0.5b)
FY2006 - C$109.8b (-0.2b)
FY2007 - C$112.9b (+3.1b)
FY2008 - C$113.1b (+0.2b)
FY2009 - C$110.1b (-0.3b)

NOTE - C$1 = USD0.98

Big contrast between Nova Scotian economy and Corraile Don't worry about illegal acadian immigrants!???

@Blakeway - The Corraile Police Force is among the top 10 in the world, and border sercurity is extremely tight. In fact, Canadians see little difference in quality of life... Its not like Indonesia and Singapore