Biotopia Economy
| Economy of the Sixth Republic of Biotopia | ||
|---|---|---|
| Currency | 1 Vello (v) = 100 ek (e) | |
| Fiscal year | calendar year | |
| Trade organizations | IFTA and ACA | |
| Statistics | ||
| GDP ranking | 12th in region as of 2024 | |
| GDP PPP | V 1.6 trillion (2024) | |
| GDP growth rate | 1.0% (2024) | |
| GDP per capita | V 35,300 (2024) | |
| GDP by sector | agriculture (5.2%), industry (31.5%), services (63.3%) (2004) | |
| Inflation rate | 1.9% (2005) | |
| Pop below poverty line | N/A | |
| Labour force | 28.43m (2024) | |
| Labour force by occupation | services (64%), industry (33%), agriculture (3%) (2002) | |
| Unemployment | 3.0% (2024) | |
| Main industries | beverages, chemicals, food processing, glass, information technology, metals, shipbuilding and textiles | |
| Trading partners | ||
| Exports | V 1.86bn (2024) | |
| Main partners | N/A | |
| Imports | V 1.89bn (2024) | |
| Main partners | N/A | |
| Public finances | ||
| Public debt | V 36.8bn (2024) | |
| External debt | V 180.3bn (2024) | |
| Economic aid | V 1.5bn (2024) | |
Biotopia is one of the 15 largest economies in the region by GDP and sustains a high standard of living. Biotopia is a ratified member of the International Fair trade Agreement as well as a member of the anti-capitalist alliance and the United Nations. The economy is sometimes described as an eco-socialist, post-socialist or more traditionally a liberal socialist system.
The four cornerstones of the Biotopian economy are the constitutional prohibition of capitalism, provincial self-sufficiency, modernisation and environmental sustainability. Biotopia supports an export-orientated agricultural sector, diversified industrial base a highly educated population and a developed national infrastructure network. Manufacturing exports and the service industry have become an increasingly important aspect of sustaining the economic status que. The government has initiated policies aimed at linking environmental sustainability with economic development with success.
