Economic Details
Whereamistan is the region's leading petroleum producer. Oil accounts for more than 90% of exports and nearly 75% of government revenues, facilitating the creation of a welfare state, which the government has found difficult to fund during periods of low oil prices. The government is attempting to promote growth in the private sector by privatizing industries such as power and telecom. Whereamistan announced plans to begin privatizing the electricity companies in 1999, which followed the ongoing privatization of the telecommunications company. Shortages of water and rapid population growth may constrain government efforts to increase self-sufficiency in agricultural products. To diversify the economy, Whereamistan launched a new city on the western coast with investments exceeding 26.6 billion dollars. The city which is named "Kirmuk Economic City" will be built near al-Rabegh industrial city north to Jeddah. The new city, where construction work started in December 2005, includes a port which is the largest port of the nation. Extending along a coastline of 35 km, the city will also include petrochemical, pharmaceutical, tourism, finance and education and research areas.
Budget:
Law and Order: 36%
Commerce: 22%
Defense: 36%
Religion: 2%
Healthcare: 2%
Transportation: 3%
Economic Details
Exchange Rate: D$1 = NS$1.5118
Gross Domestic Product: D$5,170,971,720,499.20
GDP Per Capita: D$30,779.59
Unemployment Rate: 4.57%
Consumption: D$4,023,613,440,000.00
Government Budget: D$1,247,128,565,760.00
Government Expenditures: D$1,147,358,280,499.20
Government Waste: D$99,770,285,260.80
Imports: D$652,900,469,760.00
Industries:
Arms Manufacturing, Illegal Gambling.
Exports:
Arms, Uranium, Crude Oil
Rare Resources:
Oil [Inland], Titanium
Common Resources:
Iron, Natural Gas, Bituminous Coal, Uranium, Granite, Silicon, Tea
Animal:
Sheep, Goat, Horse
Grain:
Wheat, Barley, Rice
Vegatable:
Tomatoes, Lettuce, Onion
Exports:
Lumber, Iron, Platinum, Diamonds
Rare Resources:
Platinum, Diamonds
Common Resources:
Water, Lumber, Iron
Animal:
Cow, Pig, Poultry
Grains:
Rice, Wheat, Corn
Fish:
Crab, Tuna, Seaweed