Eternity RPC Board
Overview
Drahen is the 2nd largest national economy of Skathia and the world's 5th largest economy according to 1595 estimates. It's GDPpc was $20,654.98 in 1595, putting the nation 90th in the world. Drahen has a mixed economy with abundant natural resources.
In Drahen the service sector is the largest component of the gross domestic product at 67%, followed by the industrial sector (27.5%) and agriculture (5.5%). With over 110 million people in the labor force, some 10% are occupied in agriculture, 19% in industry, and 71% in the service sector. As of 1595 unemployment stood at 5.3%
After rapid growth in previous decades, the Drahen economy entered a sharp recession after the attempted coup by former Prime Minister Gallus Statius and has only started to recover. Under the new government of Prime Minister Justinian Diogenus the government has put major efforts into fiscal sustainability, as well as measures taken to liberalize and open the economy after the nationalization of many major industries.
Agriculture and food production
Agriculture in Drahen has historically be one of the principal bases of Drahen's economy. Main agricultural products include: coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus and beef. Drahen has a robust agribusiness sector with with growth of 9.1%, principally motivated by favorable weather. The production of grains in the year reached an unprecedented 145,400,000 tons.That record output employed an additional 4.8% in planted area, with a total of 65,338,000 hectares and producing $148 billion credits, with principal products being corn and soy. The island of Drah has higher rainfall, more fertile soil, more advanced technology and input use, adequate infrastructure and more experienced farmers. This region produces most of Drahen's grains, oilseeds (and exports). The Navajae jungle, which compromises the eastern part of Drahen lacks well-distributed rainfall, good soil, adequate infrastructure and development capital. Although mostly occupied by subsistence farmers, the region is becoming increasingly important as exporters of forest products, cocoa and tropical fruits.
Industry/Service
Drahen has the 2nd largest manufacturing sector in the Skathian continent, accounting for 27.5% of GDP and 19 % of the labor force. Some major industries include: textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, and other machinery and equipment. In the last 80 years, with increased economic stability after the Drah-Indian War, Drah and multinational businesses have invested heavily in new equipment and technology.
Drahen has extensive mineral resources. Large iron and manganese reserves are important sources of industrial raw materials and export earnings. Deposits of nickel, tin, chromite, uranium, bauxite, beryllium, copper, lead, tungsten, zinc, gold, and other minerals are exploited.
Drahen also has a diverse and sophisticated service industry as well. The banking and financial sector counts for around 10% of the GDP and provides a wide range of products to the region and attracting numerous new entrants, including Brigandian financial firms.
Energy
The Drah government for the last 30 years has undertaken a major program to reduce dependence on imported petroleum, with imports accounting for more than 70% of the country's oil needs in 1550. However, with increased tapping of oil reserves and shifts to renewable energy, the government expects Drahen to be self-sufficient in oil by 1600. Brazil is one of the world's leading produces of hydroelectric power due to the extensive number of rivers in the country, and it provides some 80% of the nation's electricity. In addition, the government is expected to expand the number of nuclear reactors in the country to 20 by 1610.