Volkia: Difference between revisions

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]] sincestarting 1972in 1973. 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, totaling nearly 70% of the labor force in 2018.

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.

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 sector ([[VorkutaGas]]), Volkia's largest bank ([[Volkia Union Bank|VYB]]), and the largest 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.