Iboma: Difference between revisions
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The economy of Iboma takes place in the framework of a mixed Socialist-free market economic model characterized by state regulation and control of key sectors alongside private property rights and free enterprise. As an upper-middle-income newly industrialized emerging economy, it has a GDP of 1.026 trillion SHD and a GDP per capita of 18,000 SHD.
Experiencing growth rates of
With the national currency, the Ibomian rawa (IRW) worth 58 IRW for 1 SHD, has a highly stable inflation rate managed by the Ibomian Reserve Bank. Unemployment remains incredibly low, but figures are obscured by high rates of seasonal agricultural labour and high rates of males who stopped looking for work due to domestic responsibilities. Due to the high purchasing power of the Ibomian currency and low cost of goods, people enjoy lifestyles comparable to those in matured industrialised nations.
== Demographics ==
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