Economy of the Oan Isles

The economy of the Oan Isles is a developed upper-middle income post-industrial economy. With a nominal GDP of 480 billion KRB, it is the 13th richest country in the United Nations of the Auroran Continent. At 40,000 KRB, the nominal GDP per capita makes the Oan Isles the 7th wealthiest country in the UNAC. Combining elements of Socialist planning and social safety as well as free trade and protection of private property, the economy takes place in the framework of a mixed economy.

Trade

As a member of the Kirib Monetary Union, the Oan Isles shares the kirib with 14 Auroran countries. The kirib facilitates ease of cross-border payments, but it's relatively high value of 1 to 1 parity with the South Hills dollar makes it too highly valued for low-value-added export goods. As a member of the UNAC, good, services, capital and people moving between member states is free, lowering cost of cross-border investments and Trade. Thus the bloc comprises the largest trading partner of the Oan Isles. On a per country basis, the largest source of imports and destination for exports is Great Morstaybishlia (at around 30% of total trade volumes) followed by Tuvaltastan, Dragonia, Axdel, and Kuthernburg.

Investment

By far the two largest sources and destinations of Foreign direct investment are Great Morstaybishlia and Kuthernburg. In 2020, the Oan government started the Four Year Infrastructure Development Initiative which would make at least 20 billion KRB of investments over a four years period. In 2017, the JVM Marineworld, invested billions in building one of the biggest water parks in the world. KAE Industries from Kuthernburg also purchased the Oan Shipwrights Company. In 2017, Metatron Corporation the started pouring billions to build a planned settlement in South Staynes to produce low-to-financial writing.