Economy of Rexxarae

From NSwiki, the NationStates encyclopedia.
Jump to: navigation, search

Rexxarae is the strongest socialist economy in the world. Sharing similar statistics with China, it is clear that Rexxarae, being much smaller, inlicts much greater economical power in comparison to it's size and capita. Though the current ruling party has promised to capitalize Rexxaræ, tha nation remains a communist haven, free of private enterprises. All corporations are publicly-owned, which means they truly belong to the public. The government puts a harsh limit on the stock purchase a single individual can invoke, thus reducing the economical gap between the rich and the poor. Rexxarae's main industries are uranium mining, meat agriculture, paper production, and arms manufacturing. It has been known that a large black market operates in the Arms Manufacturing sector, selling high-tech weapons to small countries in the region.

The following are select major economic figures:

  • GDP: Я6 trillion
  • GDP per capita: Я58,130
  • Unemployment rate: 3.1%
  • Major sectors: Services - 20%, Industry - 30%, Agriculture - 30%, Entratainment - 10%, Other - 10%