Economy of the USRF
| Economy of United Soviet Republics of Fosalk | |
|---|---|
 | |
| Currency | Fosalk Work Note (FWN) |
| Fixed exchange rates | ▲ $0.53USD |
| Fiscal year | FY-2022 |
| Statistics | |
| GDP |  $100.60FWN (2022, PPP) |
| GDP growth | 0% (2022, PPP) |
| GDP per capita | $10.06FWN (2022, PPP) |
| GDP by sector | Services: 75%; Entertainment: 14%; Finance: 11%; (est. Sep 2022) |
| Inflation | ▼ -48.43% |
| Labour force | ▲ 11 (Sep 2022) |
| Unemployment | ▲ 54.54% |
| External | |
| Gross external debt | $0FWN |
| Public finances | |
| Public debt | 0% of GDP (2021) |
| Budget deficit | 0% of GDP (2021) |
| Foreign reserves | ▲ $3.02USD (5.70FWN) |
| All values, unless otherwise stated, are in | |
The Economy of United Soviet Republics of Fosalk is a micro economy, mainly based in the service sector, Art as well as Finance. The service and art sectors combined make up a total of 91% of the economy.
As of 2022 USRF has two offical currencies: the US Dollar [[w:United_States_dollar], and the Fosalkan Work Note (FWN) which is the main currency of USRF backed by a 88.252 DigiByte reserve through the [1]] standard. According to the "Quarterly Report of the Economic Committee of the USRF (QREC-USRF)" the USRF GDP is that of 100.60FWN ($53.32USD), with a GDP per Capita of 10.06FWN ($5.33USD).
Due to its status as a self-proclaimed micronation without wider international recognition, the USRF is unable to enforce tax collection, so the maintenance of the state depends entirely on public donations. The Economic Committee only considers economic activities carried out by citizens of the USRF inside or outside its borders that relate to the micronation as part of the national economic activity. As such, the Economic Committee considers only companies based in Fosalkan territory as part of the economic activity.