Packilvania: Difference between revisions
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The government felt that Packilvania was losing ground in research and development and gradually began to transition the country from an export-oriented low-cost manufacturing hub to a consumption-led high-value added manufacturing and services hub. The country is gradually and steadily moving in this direction. Although raw materials, foodstuffs and fossil fuels as well as low cost manufactured and semi-manufactured goods continue to make up about half of export value, the exportation of higher value goods such as chemicals, pharmaceuticals, electronics, and industrial machinery have grown to make up the other half of exports.
In 2023, Packilvania has a [[w:GDP (nominal)|nominal GDP]] per capita of 10,700 KRB which was 9,500 [[Kirib|KRB]] in 2022. In 2023, Packilvania has a nominal GDP of 12.53 trillion [[Kirib|KRB]] which grew by 12% from 11.19 trillion KRB in 2022. {{As of|2022|12|31}}, Packilvania is the [[List of countries by GDP (nominal)|3rd largest economy]] in the world after [[Great Morstaybishlia]] and [[South Hills]]. The country is a developing nation that is characterised by the [[Auroran Monetary Fund]] as an emerging market and middle-income economy. It is the largest developing country by GDP in the world. It is the largest economy in the world by [[W:Purchase power parity|purchase power parity]] due to the low cost of comparable goods and services relative to wealthier foreign markets. The country has an investment grade sovereign credit rating of A1 from [[Preston & Cole]]. Issued by the [[Packilvanian Central Bank]], the [[Packilvanian dinar]] is a beta world [[reserve currency]].
In 2023, unemployment rate is 12% down from 14%. The [[w:Labour participation|labor participation rate]] declined from 93% to 91% as more people between 18 and 15 remained in the education system instead of going to work. In Packilvania, people are allowed to work starting at the age of 15. In 2022, the government introduced laws that limited the types of jobs that people between the age of 15 and 18 could do. The country has increased the proportion of is population with a formal education by rates of 15% to 18% annually. When coupled with a hardworking and highly energetic and youthful population, the country is set to experience a substantial population dividend over the next 10 years.
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There are some industries that the country is a leading producer of that it is not proud of. It is a leading producer of illegal intoxicating substances and counterfeit goods. The country is one of the last in history to ban bonded labour. Bonded Labour was a system whereby heavily indebted people could enter into contracts whereby their labour was exploited by the creditor. This policy was formalised by the [[Pax Drone|DRONE policy]] with a view to granting people some protections and enabling debt relief through bonded labour but the policy tarnished the country’s image and the government eventually disbanded the policy in the 2010s.
The country has produced some of the largest companies in the world and is home to leading global centres. [[Bingol]] is an [[International Financial Centres Index|alpha international financial centre]] while [[Kemer]] is a [[International Technology Centres Index|major global tech hub]]. This is usually because industries are highly consolidated under a oligopoly. The largest four [[Banking in Packilvania|banks in the country]] (of which the top three are globally [[Systemically important financial institution|systemically important financial institutions]]) are the [[Industrial and Commercial Bank of Packilvania]] (the largest bank in the world by total assets under management), [[Agricultural Bank of Packilvania]], the [[Export-Import Bank of Packilvania]] and the [[Packilvanian Development Bank]]. The country is also home to arguably the largest energy company in the world, the [[Packilvanian Coal and Gas Corporation]], and one of the largest engineering firms in the world, the [[Packilvanian Steel and Construction Corporation]]. Other than these predominantly state-owned entities, there are large private companies such as [[Chatter]] (one of the largest mobile communications companies), [[Buddy]] (one of the largest taxi hailing and food delivery applications), [[Debby]] (one of the largest mobile payment companies), [[Masul Pharmaceuticals]], [[Telesat|Telesat Telecommunications]], and [[Teigo|Teigo Business Management and Logistics]].
The country's largest sources of imports and exports are the [[United Nations of the Auroran Continent]] (especially [[Great Morstaybishlia]]), [[League of Novaris]], [[Union of Commonwealth Alliances]], [[Peregrinia]], [[Vekaiyu]] and [[Volkia]]. Packilvania imports a lot of manufactured goods from foreign nations especially high-end luxury goods, foodstuffs, automobiles, aircraft, semi-conductors and scientific equipment, refrigeration equipment, chemicals and medical equipment. The country maintains trade agreements such as the [[Commercial Cooperation Partnership]] with the League of Novaris and the [[Pax-UCA Trade Partnership]] with some members of the Union of Commonwealth Alliances.
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The country has approximately 1.5 million km of roads, of which approximately 890,000 are paved and 340,000 consist of highways. Road infrastructure is heavily concentrated in urban areas and is often the primary means of transport for mid-distance travel for low-income citizens and for trucked goods. The country has over 100,000 km of rail networks, of which 70,000 km are electrified and 25,000 km consists of high-speed rail with a magnetic levitation line connecting [[Bingol]] and [[Kemer]] (one of the longest in the world).
The country has over 500 civilian airports serving over 40
The country's energy comes from coal (40%), natural gas (30%), hydroelectric power (20%) and 10% from a mixture of renewable energy sources such as solar and wind power. The country is arguably the largest producer of natural gas, coal and petroleum in the world. It is almost entirely energy independent and sells electricity to surrounding nations such as [[Drakkengard]]. Coupled with government subsidies of electricity costs, cost of electricity is extremely low. Nevertheless, the country is attempting to reduce its reliance on coal and eventually natural gas and petroleum to meet its carbon emissions targets as set by the [[International Forum]] in the [[International Convention on Climate Change
=== Science and technology===
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