Economy of Andalus
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Deira is the financial centre of Andalus
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Rank
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4th (nominal) or 3rd (PPP)
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Currency
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Colum (₡)
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Fiscal Year
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Calendar year
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Trade Organizations
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East Althenian Sphere Columbian Union
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Statistics
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GDP
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$4.878 trillion (nominal) $5.096 trillion (PPP)
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GDP Growth
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8.7% (nominal; Q1 2016) 7.2% (real; Q1 2016)
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GDP Per Capita
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$58,825 (nominal) $61,023 (PPP)
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GDP by sector
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2011 statistics
- Services (72%)
- Industry (19%)
- Other (9%)
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Inflation
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1.71% (2012)
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Pop. under poverty line
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1.4% (2014 est.)
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Labor Force
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60.6 million (2016 estimate)
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Labor Force by sector
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2013 statistics
- Services (60.8%)
- Industry (32.1%)
- Other(7.1%)
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Unemployment
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4.8% (Q2 2014)
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Main industries
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Tourism, machinery, steel, chemicals, ship building and repair, construction, pharmaceuticals, aviation services, financial services
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Ease of Doing Business rank
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26th (2013)
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External
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Exports
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§1.84 Trillion
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Export goods
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Engineering products, chemicals; food (wheat), aluminum; minerals and precious metals, oil products, plastics
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Main export partners
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TBA
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Imports
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§1.19 Trillion
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Import goods
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Transport equipment, energy products, textiles and clothing; food, vehicles
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Main import partners
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TBA
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Gross external debt
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§108 Billion
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Public finances
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Revenues
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$2.33 Trillion
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Expenses
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$1.3 Trillion;
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Ratings
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- Domestic: AAA+
- Foreign: AAA+
- T&C: AAA+
- Outlook: Stable
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Andalus has the world's ??th largest nominal GDP, and ??th largest GDP by PPP. The country is a founding member of the OECD (1961) and the G-8 major economies (2003). Andalus maintained an average growth rate of 10% between 1984 and 2010, before faltering at the beginning of the Andalusian Financial Crisis.
The Andalusian economy largely benefited from the social-democratic reforms under President Faisal, establishing a hybrid combination of a free market economy with a welfare state. High exports during the later half of the 1990s allowed for the diversification of Andalus' economy from it's dependency on oil, which now contributes 6% of Andalus' GDP. With the election of the radical "La Gauche" party in the 2015 election, the Andalusian economy underwent a major shift to the far-left, with the beginning of policies aimed at dismantling capitalism, and gearing the economy towards benefit of the people, not multinational corporations.
Industry and manufacturing[edit | edit source]