Economy of the Åland State
| Economy of Åland State | |
|---|---|
| Currency | Euro |
| Statistics | |
| GDP | ▲ 866,660€ |
| GDP growth | ▲ 0.0035% (2024) |
| GDP per capita | ▲ 50,915€ |
| Inflation | 1.6% (2024) |
| Main industries | Fish, Lumber |
| External | |
| Main export partners |  Marius Empire Finland |
| Import goods | 65€ |
| Main import partners | Finland |
| Public finances | |
| Public debt | 0€ |
| Revenues | 120€ |
| All values, unless otherwise stated, are in | |
The economy of the Åland State is mixed economy with a GDP about 866,660€ and inflation at 1.6% in 2024. The currency of the Åland State is the Euro.
History
Between April and June 2024, the Åland State had a GDP growth of 766.57%. On 7 July 2024, Himberg would sign the second executive order and third executive order which raised tariffs on lumber, blueberries and raspberries by 50% to Jurassicland and the Marius Empire excluding Finland from the tariffs.
GDP
The Åland State's GDP was 866,660€ in July 2024. The Åland State had a GDP growth of 0.0035% in July 2024. Inflation was also 1.6% in April 2024. The Åland State also has a GDP per capita of €50,915. Most of the GDP come from foreign jobs outside of the Åland State.
Industries
Lumber
One of the two largest industries just behind fishing is the lumber industry. The Åland State is covered in forest making it able to export large amounts of lumber. The Åland State exports lumber mainly to the Marius Empire and Finland. The lumber industry mainly relies on exports to Finland.
Fishing
The second largest industry in the Åland State is the fishing industry. The industry is large because the Åland State has a relatively long coastline and several docks. Fishing is also popular in the Åland State and is part of the culture.