|Economy of South America|
|Rank||6th (nominal) / 6th (PPP)|
|Currency||New South American Peso (Fede, ₣)|
|Trade organisations||World Bank, WTO, OECD, G20, G8|
|GDP||$4.006 Trillion (2010) (6th)|
|GDP growth||+5.8% (2010)|
|GDP per capita||$19,753 (2010)|
|GDP by sector||agriculture: 24.9%, industry: 30.1%, services: 40%, other 5% (2010 est.)|
|Inflation (CPI)||0.3% (2010 est.)|
below poverty line
|5.8% (after taxes and transfers)|
|Gini index||47.2 (2010)|
|Labour force||225,000,000 (2010 est.)|
|Unemployment||1.2% (2010 est.)|
|Exports||$1.392 trillion f.o.b. (2010 est.)|
|Main export partners||East Asian Federation, Mexico, Central America, Everett, Allied States, Soviet Union, Britannia, France, Germany, South Africa, Ecuador, Peru, Bolivia (2010)|
|Imports||$987 billion f.o.b. (2010 est.)|
|Main import partners||East Asian Federation, China, Allied States, Everett, (2010)|
|Revenues||$2.963 trillion (2010)|
|Expenses||$2.431 trillion (2010)|
|Foreign reserves||$26.672 trillion (2010)|
|All values, unless otherwise stated, are in US dollars|
The Economy of the UFSA contains a mixture of government interventionism and free trade, with mild protectionism. The economy is not directly controlled by the UFSA government, but the government can at times request a company to finance an operation. South America has the most stable economy of the Southern Hemisphere, and is the most developed nation south of the equator. South America also contains the 6th largest GDP in the world, with a total spending amount of two trillion US Dollars. South America has a very diverse collection of industries, with the largest industries relating to culture activities.
Department of Trade and FinanceEdit
The UFSA Department of Trade and Finance is the sole governing body for South America's economy. The DoTF is responsible for recording and maintaining the UFSA's economic interests and assets both domestic and international. The DoTF is based out of the capital like all other departments, but it is unique in having a second office in Montevideo, Uruguay because of the city's importance to South America's economy.
South America imports little as compared to most nations surrounding it. Because of the modernization efforts in the early 2000's, South America has became fairly self sufficient, and is rather a large exporter than is an importer. None the less, South America still imports consumer goods from Europe, North America, and East Asia.
South America exports a large amount of items for use by foreign nations. South America mainly exports raw materials and minerals, but a small percentage is made up of consumer goods and other items. South America supplies most of the EAF's food supplies ever since the "Balkanization" of Yarphei. South America also exports fine quality items like exotic fruits, machinery, alloys, and many other things.
South America is a tax haven, with low income and sales taxes. Inheritance taxes do not exist in South America do to the unfair gesture of them. South America's current tax rate is at 4.3% for all revenue, and sales taxes are at 2.5% for all sales money earned. South America also does not use the property tax system, but it's government maintains a balanced budget.
Government Unemployment AidEdit