Economy of Shorewell

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Economy of Shorewellese Empire
CurrencyShorewellese Dinar (SD) (دينار)
Fixed exchange rates0.00014270744$ = دينار1
Fiscal year18 May 2016 - 18 May 2017
Trade organisationsMicronational Economic Group and the International Agricultural Development Pact
Statistics
GDP1,545,119,100دينار (FY 2016)
GDP growthN/A
GDP per capita25,751,985دينار (FY 2016)
Inflation0%
Population
below poverty line
0%
Labour force19
Labour force
by occupation
Agriculture: 0%
Industry: 10.53%%
Services: 89.47%
Unemployment21.05% (as of October 2016)
Average gross salary0دينار
Median gross salaryoدينار
Average net salary0دينار
Median net salary0دينار
Main industriesAerospace, Agriculture, Automotive, Business and professional services, Chemicals, Construction, Trade, Tourism, Hydroelectric power, Geothermal power, Construction, Media
Ease of Doing Business Rank1
External
Export goodsFood and manufactured goods
Main export partners United States, Flag of Pakistan.png Pakistan, and Microagpact.png IADP members
Import goodsFuel, food & drink, household goods and appliances, clothing
Main import partners United States, Flag of Pakistan.png Pakistan, and Microagpact.png IADP members
FDI stock35,036,714.2857دينار
Current account145,897دينار
Gross external debt0دينار
Public finances
Public debt0دينار
Budget deficit0دينار
Revenues0دينار
Expenses3,503,671.42857دينار
Economic aid0دينار
Foreign reserves99,360دينار
All values, unless otherwise stated, are in Shorewellese Dinars


The Economy of the Shorewellese Empire is highly undeveloped and relies heavily upon the Economy of the United States. There are currently very few imposed regulations on the Shorewellese economy and only several businesses operate there. Important sectors of this Economy include agricultural production and trade, along with other industries such as tourism, trade, and manufacturing.


Economic structure and sectors

  • Agriculture is an important growing and contributing sector in the Shorewellese Economy. Many different farms throughout the nation work increasingly upon agricultural produce, which though not a self-sustainable resource for living, has contributed largely towards the development of the food industry and has significantly decreased poverty rates.
  • Tourism is currently a project undergoing with the Shorewellese Empire as the Government hopes to increase Tourism to add towards and important industry of the nation to help with the nation's economic and political growth.

Trade

Exports

While there are several industries operating in Shorewell, most of them do not export their products, and those that do are usually given away for free. Currently, only the food and agricultural industries are able to provide money to the Empire.

Imports

The Empire is totally dependent to the United States for assets and products. Most sustenance, utilities, fuel, attire and general products are foreign. These are paid for with cash earned through vocation in the US, implying that the whole economy of Shorewell relies on upon that of the US.

Ever since the Shorewellese Empire joined the International Agricultural Development Pact it has been working increasingly on importing good from other micronations possibly though many Governmental figures hold firm objections towards the proposal.