Iboma: Difference between revisions

 

The military has an annual budget of 51.3 billion SHD (5% of annual GDP and about 15% of the national budget). It has a total force strength of 2.1 million, about 1.6 million of whom are conscripted reservists, with 500,000 comprising the full-force. Men have only been allowed to serve since the 1990s and today only comprise less than 25% of the force. The nation imports military hardware largely from Novarian countries but also has a domestic arms manufacturing sector dominated by the state-owned Ibomian Arms Corporation.

 

Experiencing growth rates of 6% or more annually, it has leveraged its fertile soil and low-cost highly productive labour to become a major source of foodstuffs and a competitive supplier of low to middle value-added goods. With its primary exporting nations being Novarian, Concordian and Gondwanan nations, it is a major exporter of consumer goods, industrial equipment components and agricultural products like rubber, grains, fruits, and beans. It imports lots of vehicles, military hardware, chemicals and petroleum.

 

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. Incredible longevity has made Ibomians more likely to remain traditional result in their slower rate of economic development despite high growth.

==History==

==Economic model==