Norgsveldet: Difference between revisions

Norgsveldet has a social market economy or also called Hælan Capitalism after the river Hælan, with low unemployment rate at 2,2%, highly skilled labour force and high level of innovation. The country is one of largest economies in the world, being the second largest economy in [[North Concordian Economic Forum]] and second largest economy on Concord with total nominal gdp of $3,9 trillion and a high gdp per capita of $45,896. Norgsveldet has large service industry which make up 23% of its employment also making up large part of its economic output, a lot thanks its tourism industry, though banking, transportation and retail all make big industries in Norgsveldet as well. According to stats from 2021, agriculture sector contribute 3% of Norgsveldet's entire gdp. Though almost all agriculture production comes from Nyveldet. As such the agriculture sector is well protected, though in recent years the sector has gotten less subsides. Fishing industry makes up around 10% of Norgsveldet's gdp, with almost half coming from Norgsveldet's Gondwanan territories. Norgsveldet also uses the United Krone (UKR) as its currency, which used between all members in the [[North Concordian Economic Forum|NCEF]] with the North Concordian Banking Council (NCBC) being placed in Osfjord, which regulates and controls the United Krone, the working language is Norgsveltian.

 

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