Volkia: Difference between revisions

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==Economy ==

[[File:Izumrud.jpg|thumb|left|200px|Izumrud is a major shipping port of Volkia.]]

Volkia has a {{wp|mixed economy}}, which has resulted in a prosperous capitalist {{wp|welfare state}} with a combination of {{wp|free market}} activity and large state ownership in certain key sectors. This was influenced first by socialist governments in the early 1930s and fully implemented by [[Social Democratic Union|Social Democratic administrations]] since 1972. Public healthcare in Volkia is free and parents receive 40 weeks of paid parental leave. Volkia also guarantees its workers a minimum of 33 days paid vacation (20 paid days off, 13 public holidays). The unemployment rate is 3.4%, with 66% of the population aged 15-74 employed. Nearly 8% of the population aged 18-66 receives a disability pension and 25% of the labor force are employed by the government. The vast majority of workers are unionized, nearly 70% of the labor force in 2018.

{| class="toccolours" style="float: right; width: 20%;" border="0" cellpadding="1" cellspacing="1"

|-

| colspan="2" style="background: #E0EEEE; font-size:100%; text-align:center;" |'''Economic Indicators'''

|-

|'''Nominal GDP'''||$4.12 trillion (Q1 2020)

|-

|'''Real GDP growth'''||2.5% (Q4 2019)

|-

|'''CPI inflation'''||1.9% (February 2012 - February 2013)

|-

|'''Employment-to- population ratio'''||70% (April 2013)

|-

|'''Unemployment'''||4.1% (June 2018)

|-

|'''Labor force participation rate'''||81% (June 2018)

|-

|'''Poverty'''|| 5.2% (2017)

|-

|}

Laiatan has a {{wp|capitalist}} {{wp|mixed economy}} which is fueled by abundant {{wp|natural resources}} and high productivity. It also includes a highly skilled labor force, large capital stock, low levels of corruption and a high level of innovation. The service sector contributes approximately 67% of the total GDP, industry 31%, and agriculture 2%. The official average national unemployment rate in June 2018 was 3.8%.

The wage difference between the lowest paid worker and the CEO of most companies has been kept relatively low compared to other industrialized economies due to Volkian society's {{wp|egalitarian}} values.

Laiatan exports more than it imports, and has a trade surplus. The trade surplus in 2017 was $206 billion. In 2017, the largest import commodity was machinery. The largest export commodity in 2015 were fossil fuels (includes oil, natural gas, etc.) and precious materials.

Volkia has a highly skilled {{wp|workforce}}, low levels of {{wp|corruption}}, and a relatively high level of innovation. The service sector contributes approximately 68% of the total GDP, industry 30.5%, and agriculture 1.5% as of 2019. Volkia holds significant {{wp|timber}}, mineral ({{wp|iron}}, {{wp|chromium}}, {{wp|copper}}, {{wp|nickel}}, and {{wp|gold}}) and freshwater resources. Forestry, paper factories, agriculture, and mines are important for rural residents and the national economy. The [[Greater Volkgoroda]] area generates more than a quarter of Volkia's GDP.

In 2009, the private sector was estimated to constitute 84.4% of the economy, with federal government activity accounting for 6.3% and province and local government activity (including federal transfers) the remaining 9.3%. While its economy has reached a postindustrial level of development and its service sector constitutes 67.8% of GDP, Laiatan remains an industrial power. The leading business field by gross business receipts is wholesale and retail trade; by net income it is manufacturing.

The state maintains large ownership positions in key industries such as the forestry sector ([[Kirishi Group]]), mining sector ([[Vyska Group]]), hydroelectric energy ([[Volkiya Hydro]]), natural gas ([[VorkutaGas]]), Volkia's largest bank ([[Volkia Union Bank|VYB]]), and the telecommunications provider ([[Televolk]]). The government controls roughly 25% of the stock values at the Volkgoroda Stock Exchange through these large companies. When non-listed companies are included, the state has an even higher share in ownership. Volkia is a major shipping nation and controls a sizable {{wp|merchant fleet}}, with over 1,000 Volkian owned vessels.

Chemical products are the leading manufacturing field. It is a top producer of electrical and nuclear energy, as well as liquid natural gas, sulfur, phosphates, and salt. While agriculture accounts for just 2% of GDP, Laiatan is a top producer of wheat, rice and cotton. The National Statistics Service for Agriculture maintains agricultural statistics for products that include; wheat, rice, corn, cotton, oats and barley. In addition, the Ministry of Agriculture provides livestock statistics regarding beef, poultry, pork, along with dairy products. The Mining Association of Laiatan provides data pertaining to coal and minerals that include; aluminium, beryllium, copper, lead, magnesium, zinc, titanium and others.

Consumer spending comprises 71% of the Laiatanese economy in 2013. In August 2010, the Laiatanese labor force consisted of 44.5 million people. With 5.7 million people, government is the leading field of employment. The largest private employment sector is health care and social assistance, with 6.4 million people. About 72% of workers are unionized. Laiatan's federal government guarantees its workers with a minimum of 34 days paid vacation (20 paid days off, 13 public holidays) and also guarantees its workers with 12 weeks of paid family leave.

Around 90% have a mobile phone and 85.7% have internet connection in their home. Cities and towns tend to build their own broadband networks with technical and financial assistance from the federal government and Televolk.

===Agriculture===

[[File:Agriculture in Laiatan.png|thumb|left|Top agricultural products in Laiatan.|link=Special:FilePath/Agriculture_in_Laiatan.png]]

@@ Line 221: / Line 221: @@
 ==Economy ==
 [[File:Izumrud.jpg|thumb|left|200px|Izumrud is a major shipping port of Volkia.]]
+Volkia has a {{wp|mixed economy}}, which has resulted in a prosperous capitalist {{wp|welfare state}} with a combination of {{wp|free market}} activity and large state ownership in certain key sectors. This was influenced first by socialist governments in the early 1930s and fully implemented by [[Social Democratic Union|Social Democratic administrations]] since 1972. Public healthcare in Volkia is free and parents receive 40 weeks of paid parental leave. Volkia also guarantees its workers a minimum of 33 days paid vacation (20 paid days off, 13 public holidays). The unemployment rate is 3.4%, with 66% of the population aged 15-74 employed. Nearly 8% of the population aged 18-66 receives a disability pension and 25% of the labor force are employed by the government. The vast majority of workers are unionized, nearly 70% of the labor force in 2018.
-{| class="toccolours" style="float: right; width: 20%;" border="0" cellpadding="1" cellspacing="1"
-|-
-| colspan="2" style="background: #E0EEEE; font-size:100%; text-align:center;" |'''Economic Indicators'''
-|-
-|'''Nominal GDP'''||$4.12 trillion <small>(Q1 2020)</small>
-|-
-|'''Real GDP growth'''||2.5% <small>(Q4 2019)</small>
-|-
-|'''CPI inflation'''||1.9% <small>(February 2012 <br>- February 2013)</small>
-|-
-|'''Employment-to-<br>population ratio'''||70% <small>(April 2013)</small>
-|-
-|'''Unemployment'''||4.1% <small>(June 2018)</small>
-|-
-|'''Labor force <br> participation rate'''||81% <small>(June 2018)</small>
-|-
-|'''Poverty'''|| 5.2% <small>(2017)</small>
-|-
-|}
-Laiatan has a {{wp|capitalist}} {{wp|mixed economy}} which is fueled by abundant {{wp|natural resources}} and high productivity. It also includes a highly skilled labor force, large capital stock, low levels of corruption and a high level of innovation. The service sector contributes approximately 67% of the total GDP, industry 31%, and agriculture 2%. The official average national unemployment rate in June 2018 was 3.8%.
+The wage difference between the lowest paid worker and the CEO of most companies has been kept relatively low compared to other industrialized economies due to Volkian society's {{wp|egalitarian}} values.
-Laiatan exports more than it imports, and has a trade surplus. The trade surplus in 2017 was $206 billion. In 2017, the largest import commodity was machinery. The largest export commodity in 2015 were fossil fuels (includes oil, natural gas, etc.) and precious materials.
+Volkia has a highly skilled {{wp|workforce}}, low levels of {{wp|corruption}}, and a relatively high level of innovation.  The service sector contributes approximately 68% of the total GDP, industry 30.5%, and agriculture 1.5% as of 2019. Volkia holds significant {{wp|timber}}, mineral ({{wp|iron}}, {{wp|chromium}}, {{wp|copper}}, {{wp|nickel}}, and {{wp|gold}}) and freshwater resources. Forestry, paper factories, agriculture, and mines are important for rural residents and the national economy. The [[Greater Volkgoroda]] area generates more than a quarter of Volkia's GDP.
-In 2009, the private sector was estimated to constitute 84.4% of the economy, with federal government activity accounting for 6.3% and province and local government activity (including federal transfers) the remaining 9.3%. While its economy has reached a postindustrial level of development and its service sector constitutes 67.8% of GDP, Laiatan remains an industrial power. The leading business field by gross business receipts is wholesale and retail trade; by net income it is manufacturing.
+The state maintains large ownership positions in key industries such as the forestry sector ([[Kirishi Group]]), mining sector ([[Vyska Group]]), hydroelectric energy ([[Volkiya Hydro]]), natural gas ([[VorkutaGas]]), Volkia's largest bank ([[Volkia Union Bank|VYB]]), and the telecommunications provider ([[Televolk]]). The government controls roughly 25% of the stock values at the Volkgoroda Stock Exchange through these large companies. When non-listed companies are included, the state has an even higher share in ownership. Volkia is a major shipping nation and controls a sizable {{wp|merchant fleet}}, with over 1,000 Volkian owned vessels.
-Chemical products are the leading manufacturing field. It is a top producer of electrical and nuclear energy, as well as liquid natural gas, sulfur, phosphates, and salt. While agriculture accounts for just 2% of GDP, Laiatan is a top producer of wheat, rice and cotton. The National Statistics Service for Agriculture maintains agricultural statistics for products that include; wheat, rice, corn, cotton, oats and barley. In addition, the Ministry of Agriculture provides livestock statistics regarding beef, poultry, pork, along with dairy products. The Mining Association of Laiatan provides data pertaining to coal and minerals that include; aluminium, beryllium, copper, lead, magnesium, zinc, titanium and others.
-Consumer spending comprises 71% of the Laiatanese economy in 2013. In August 2010, the Laiatanese labor force consisted of 44.5 million people. With 5.7 million people, government is the leading field of employment. The largest private employment sector is health care and social assistance, with 6.4 million people. About 72% of workers are unionized. Laiatan's federal government guarantees its workers with a minimum of 34 days paid vacation (20 paid days off, 13 public holidays) and also guarantees its workers with 12 weeks of paid family leave.
+Around 90% have a mobile phone and 85.7% have internet connection in their home. Cities and towns tend to build their own broadband networks with technical and financial assistance from the federal government and Televolk.
 ===Agriculture===
 [[File:Agriculture in Laiatan.png|thumb|left|Top agricultural products in Laiatan.|link=Special:FilePath/Agriculture_in_Laiatan.png]]

Volkia: Difference between revisions

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