The Andorinhões: Difference between revisions
Expanded the "Economy" section.
Andorinhões (talk | contribs) (Addition of some historic parts, not completed.) Tag: 2017 source edit |
Andorinhões (talk | contribs) (Expanded the "Economy" section.) Tag: 2017 source edit |
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==Economy==
:''Main article: [[Economy of the Andorinhões]]''
[[File:Andorinhões Exports Treemap (2020).png|thumb|upright=1.6|A proportional representation of the Andorinhões' exports]]
[[File:Andorinhões Imports Treemap (2020).png|thumb|upright=1.6|A proportional representation of the Andorinhões' imports]]
The islands have few natural resources, and their imports exceed exports. According to the government, the value of exports in 2020 was $5,268 billion while estimated imports were $10,769 billion.
The GDP in 2020 was an estimated $16,850 billion. The GDP per capita was $12,814.
The Andorinhões is in a situation of a trade deficit especially in the transportation, mineral products and machines sectors. The country is still able to have a trade surplus in some sectors mostly the wood products, animal products, precious metals and foodstuffs sectors.
===Shipping===
The Andorinhões plays a role in the international shipping industry as a [[flag of convenience]] for commercial vessels. Cargo vessels are also built in the Andorinhões and is accounting for approximately 8% of all exports.
Unlike some flag countries, there is no requirement that a Andorinhense flag vessel be owned by a Andorinhense individual or corporation.
===Fishing===
The Andorinhões has a major fishing industry and the commercial ports of the Andorinhões are some of busiest fish transshipment ports in the world. There are a lot of fish processing centres in the Andorinhões and many exports fish to a number of countries. Fishing license fees, provide noteworthy income for the government. Fishing is also one of the largest exports of the Andorinhões accounting for approximately, 16% of all exports.
===Agriculture===
Agricultural production is concentrated on small and some medium farms. The most important commercial crops is raw sugar followed by coffee, copra, tobacco, cocoa beans, wheat, vanilla and spices. The Andorinhões is also processing a lot of its own agricultural products in industries such as hard liquor, raw sugar, cocoa beans, coconut oil and palm oil. The Andorinhões is also exporting fresh water.
===Tourism===
Tourism in the Andorinhões is a crucial economic activity. At least 10 percent of the working population are employed in this sector. The country offers a range of tourist accommodations from luxury hotels to modest self-catering establishments.
Shopping districts are popular, with ample duty-free shopping.
===Energy===
The Andorinhões still rely heavily on diesel fuel for vehicles, power generators, and ships and is trying to diversify its energy sources. The country has been establishing solar power plants in the country and is experimenting with coconut oil as alternative to diesel fuel. Because of its dependency on diesel fuel, refined petroleum is accounting for 12,3% of all imports.
===Wood===
The country is lacking major natural resources but makes up for it by exporting rough wood and fuel wood, which is accounting for 13% of all exports.
===Industry===
Due to its size, the country does not have a lot of industries but is still able to have sizeable exports of some high technologies such as computers and broadcasting equipments, some chemical products such as packaged medicaments and pesticides and has a small textile industry. Although in many of these sectors, the imports far exceeds the exports.
===Financial sector===
The Andorinhões is considered a tax haven and international financial center. Many registered institutions offer a wide range of offshore banking, investment, legal, accounting, and insurance and trust company services.
==Military==
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