Biotopia Economy
Economy of the Sixth Republic of Biotopia | ||
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Currency | 1 Vello (v) = 100 ek (e) | |
Fiscal year | calendar year | |
Trade organizations | IFTA | |
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.
Contents
Economic Structure
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.
Agriculture
Agriculture is an important part of the Biotopian economy with Cereals, fisheries, livestock and forestry as major export commodities. Spirits, beverages and fresh produce are important staples of the domestic market. The agricultural sector also produces raw materials for the textile, biofuel and pharmaceutical industry as well as contribution to some industrial practices.
Most agricultural land is legally held as a “Commons in Trust” by the provincial government. This means the land is set aside in the public interest and protected as public property. Farmers themselves are not provincial employees but “Trust Custodians” meaning they are responsible for the welfare of the property and are obliged to fulfil certain conditions under contract. The standard contract requires the production of a nutritional quota and maintaining farm capital and the health of the land and waterways on the property.
Under federal law there are three commons districts with corresponding maximum limits on quota production. Inner-urban commons have a zero percent quota, outer-urban zones have a maximum 25% quota and rural commons have a maximum 50% quota. In special circumstances some contracts may be renegotiated into a “Government Licence” with farmers becoming direct employees required to sell 100% of their goods to the government. This is the standard case for goods that are in short supply (such as dairy goods in the arid regions) or produce required by national industry (such as medicinal plants).
Land Use
Commodity | Land Use % |
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Cereals and Grains | 27.4 |
Livestock | 20.2 |
Orchard/Garden fruit | 18.7 |
Forestry | 14.1 |
Textiles | 6.4 |
Other | 13.2 |