Economy of Wamong
| Economy of Wamong | |
|---|---|
| Currency | Wamongian Moss (WM) |
| Fixed exchange rates | WM1.00 = US$0.01 |
| Fiscal year | 24 November 2020 - 24 November 2021 |
| Statistics | |
| GDP | WM20900.00 ▲ |
| GDP growth | 100% ▲ |
| GDP per capita | WM2600.00 ▲ |
| GDP by sector | Public: WM0.00 (0%)  Private: WM0.00 (0%) |
| Inflation | 3.84% |
| Population below poverty line | 37% |
| Labour force | 5 |
| Labour force by occupation | Government: 62% Commercial: 25% Industrial: 0% |
| Unemployment | 37% |
| Average gross salary | $26 |
| Main industries | Media |
| External | |
| Exports | WM0.00 |
| Export goods | Media (News outlet, photos, videos, video games) |
| Main export partners |  United States 100% |
| Imports | $0.00 |
| Import goods | Food, Furniture, Tools, Software, etc. |
| Main import partners | United States 100% |
| FDI stock | $0.00 |
| Current account | $209 |
| Public finances | |
| Public debt | $0 |
| Revenues | $0 |
| Expenses | $680 ▲ |
| Economic aid | $389 ▲ |
| All values, unless otherwise stated, are in GDP | |
The economy of Wamong is one of the worst in the world. Its economy is almost entirely reliant on foreign aid, and it lacks any industry or economic activity besides this foreign aid. Currently, there have been attempts to revive the economy, but progress has been miniscule. As of 2021, Wamong has a score of 1.5 on the Economic Potential Index.
Economic Activity
The economy of Wamong relies solely on foreign aid from its neighbor, the United States. It lacks its own industry besides its miniscule consumer industry, which on its own produces 0% of the nation's economic growth. There have been attempts to grow it so the nation can no longer need to be reliant on its much richer neighbor for support.
Public Finance
The economy is overseen by the government and the Department of the National Economy, which is the main government organ that collects and logs all the data related to the economy. The government also controls and plans the economy, as well. All companies are also state-owned.
Trade
Imports
Almost all of the nation's imports come from the United States, though a minor amount of imports come from Asian countries, Korea, Japan, etc., though these are only for commodities such as clothes, or special foods.
Exports
The nation's only export partner is the United States. The only things they export are news media, videos, video games, etc. However, there are plans to begin exporting wooden hand-made goods such as utensils, furniture, toys, etc. in the near future.
Companies
All companies in the nation are government-owned, as the nation is a Socialist state:
- Wamong State Media
- Wamong Communal News
- Wamong National Radio
- Wamong State Television
- NH Comics
- DoomClock 456 Games