Economy of the Wabash Confederation | |
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Downtown Chicago, the financial heart of the Confederation | |
Rank | 5th (nominal) / 5th (PPP) |
Currency | Wabash dollar (WSD) |
Fiscal year | June 21st - June 22nd (June Solstice) |
Trade organisations | WTO, North American Trading Partners, G-20 |
Statistics | |
GDP |
▲ $4.655 trillion (2014) (nominal; 5th) |
GDP growth | ▼-3.4% (2015) (July) |
GDP per capita |
▼ $37,001 (2015) (nominal; 8th) |
GDP by sector | agriculture: 3.5%, industry: 61.2%, services: 35.3% (2009 est.) |
Inflation (CPI) | 3.4% (July 2015) |
Gini index | 0.56 (2014) |
Labour force | ▲ 44.4 million (2015 est.) |
Labour force by occupation |
agriculture: 3.8%, industry: 64%, services: 32.2% (2005) |
Unemployment | ▲ 6.3% (2015 est.) |
External | |
Ease of Doing Business Rank | ▲ 3rd |
Exports | ▲ $568 billion (2014 est.) |
Main export partners |
United States 32.1% Canada 9.2% |
Imports | ▲ $517 billion f.o.b. (2010 est.) |
Main import partners |
United States 13.9% Canada 10.2% |
FDI stock | ▲ |
Public finances | |
Public debt | ▲ 4.56 trillion (2015 est.) |
Revenues | ▼ |
Expenses | ▲ |
Economic aid | ▲ $4.5 billion (2014 est.) |
Credit rating |
Standard & Poor's: A (Domestic) AA (Foreign) AA (T&C Assessment) Outlook: Positive Moody's: A1 Outlook: Positive Fitch: A Outlook: Positive |
Foreign reserves | ▼ |
All values, unless otherwise stated, are in US dollars |
The Wabash Republic is the world's 6th largest economy. Its a mixed economy with fairly liberal methods in economic intervention. Practicing social corporatism, the state only intervenes when to help make necessary changes for survival for the greater good; be it at the doubt of the employer, employee or consumer. Dominated by the manufacturing and service industry its susceptible to economic downturns. With a moderate unemployment rate, the nation's abundant natural resources fuels its economy. Wabash is one of the most highly productive working forces in the world.
In recent years, the nations economy has boomed from petroleum reserves in the Dakota's and from mineral extraction from Wyoming and Montana. In the east, in the Departments of Indiana and Michigan, the car industry and steel industry are the primary manufacturing employers. Infrastructure in the Wabash Confederation is highly developed around the locomotive, with several companies providing transport on the nationally operate rail line; Wabash Rails. Monopolies only exist in areas, or nationally when it only benefits to have only one provider; that includes the distributors of electricity, water and transportation.