Economy of Saen
| Economy of Kingdom of Saen | |
|---|---|
| Rank | 45th Largest economy of micronation (Fictional) |
| Currency | Saenite Collar (SNC) |
| Fixed exchange rates | Saenite Collar (SNC) to PHP at 1 SNC = 2 PHP |
| Fiscal year | 2023 |
| Trade organisations | Ministry of Finance, Sentral Bank of Saen |
| Statistics | |
| GDP | ₱50 Billion Saenite Collars |
| GDP growth | 4.5% |
| GDP per capita | ₱24,000 Saenite Collars |
| GDP by sector | Agriculture, Tourism, Technology, Manufacturing |
| GDP by component | Consumption, Investment, Government Spending, Net Exports |
| Inflation | 2.3% |
| Population below poverty line | 15% |
| Gini coefficient | 0.35 |
| Labour force | 3 Million Workers |
| Labour force by occupation | Farmers, Tour Guides, Engineers, Factory Workers |
| Unemployment | 6% |
| Average gross salary | ₱40,000 Saenite Collars per year |
| Median gross salary | ₱36,000 Saenite Collars per year |
| Average net salary | ₱32,000 Saenite Collars per year |
| Median net salary | ₱28,000 Saenite Collars per year |
| Main industries | Agriculture, Textiles, Electronics, Tourism |
| Ease of Doing Business Rank | 55th in Ease of Doing Business Rankings |
| External | |
| Exports | ₱24 billion Saenite Collars |
| Export goods | Agricultural Products, Electronics, Textiles |
| Main export partners | United States, China, Japan (Fictional) |
| Imports | ₱20 billion Saenite Collars |
| Import goods | Machinery, Oil, Consumer Goods |
| Main import partners | China, United States, Japan (Fictional) |
| FDI stock | ₱10 billion Saenite Collars |
| Current account | ₱4 billion Saenite Collars |
| Gross external debt | ₱16 billion Saenite Collars |
| NIPP | ₱6 billion Saenite Collars |
| Public finances | |
| Public debt | 30% of GDP |
| Reserves | ₱30 billion Saenite Collars |
| Budget deficit | ₱2 billion Saenite Collars |
| Budget surplus | ₱1 billion Saenite Collars |
| Revenues | ₱40 billion Saenite Collars |
| Expenses | ₱36 billion Saenite Collars |
| Economic aid | ₱1 billion Saenite Collars |
| Credit rating | ₱4 billion Saenite Collars |
| Foreign reserves | ₱20 billion Saenite Collars |
| Economy.html Main data source: CIA World Fact Book All values, unless otherwise stated, are in GDP and Economic Indicators for Saen | |
Overview
Overview of the Economy of Saen
Rank
The Saen economy ranks as the 45th largest in the world, reflecting its growing significance on the global stage.
Currency
The currency used in Saen is the Saenite Collar (SNC), which serves as the medium of exchange for economic transactions within the country.
Fixed exchange rate
The fixed exchange rate of the Saenite Collar (SNC) to the Philippine Peso (PHP) is set at 1 SNC = 2 PHP.
Year
The economic data provided pertains to the year 2023, representing the most recent available information.
Organs
The economic management of Saen is overseen by the Ministry of Finance and the Central Bank of Saen, which work together to regulate monetary policy, fiscal policy, and financial stability.
GDP
The Gross Domestic Product (GDP) of Saen amounts to ₱50 billion Saenite Collars, indicating the total value of goods and services produced within the country's borders.
Growth
The economy of Saen has experienced a robust growth rate of 4.5% in the year 2023, reflecting positive economic momentum and expansion.
Per Capital income
On a per capita basis, the income of an average Saenite citizen amounts to ₱24,000 Saenite Collars, indicating the average share of economic output per person.
Key Sector
The economy of Saen is diversified across sectors such as agriculture, tourism, technology, and manufacturing, which contribute significantly to overall economic output and employment generation.
Trade
Saen engages in both exports and imports, with export goods including agricultural products, electronics, and textiles. The country's main export partners are the United States, China, and Japan. Imports consist of machinery, oil, and consumer goods, with major import partners being China, the United States, and Japan.
Investment
Foreign Direct Investment (FDI) in Saen amounts to ₱10 billion Saenite Collars, indicating the level of international capital inflows into the country's economy.
Fiscal indicators
Saen maintains fiscal discipline, with a budget deficit of ₱2 billion Saenite Collars and a current account surplus of ₱4 billion Saenite Collars. The country's reserves stand at ₱30 billion Saenite Collars, providing a buffer against external shocks and uncertainties.
This overview provides a snapshot of the economic landscape of Saen, highlighting key indicators, sectors, and trends shaping the country's economic performance and development.