Economy of Pelinai (Pacifica)
The Kingdom of Pelinai possesses a high-income mixed social market economy with a high degree of focus on mining and manufacturing under the direction of government industrial policies. It is the largest economy directly bordering the Mediterranean Sea, with a nominal GDP of ◎1.72 trillion ($5.61 trillion) and a nominal GDP/capita of $39,438 in 2022.
Pelinai possesses one of the world’s largest single-state populations, the consumer market of which supports the majority of the Pelinese economy; other significant contributors include government expenditure (primarily military) and exports of goods and services.
History
Development
Industrial policies since 1984
Sectors
The Pelinese economy is domestic consumption-oriented and weighted towards manufacturing and services, with relatively little economic output from agriculture as a percentage of GDP. A high degree of economic diversification is also present; the most internationally significant economic sectors of Pelinai are aerospace, electronics, machine building, mining, and petrochemicals, followed by automobiles, software, shipbuilding, and luxury goods.
Agriculture
Agriculture remains a well-supported sector of the Pelinese economy despite low relative contribution in comparison to competing sectors, and continues to be viewed by Pelinese state industrial policies as a critical supporter of the wider economic structure. High utilizable crop yields per unit area allow the agricultural sector to remain largely competitive against imported products despite its possession of a comparatively small arable land area of 8.1 million hectares; Pelinai is a major global producer of staple crops like corn, green beans and butter beans, peanuts, potatoes, rice, and squash, as well as other crops like cherries, chili and bell peppers, cinnamon, citrus fruits, peaches, raspberries, roses, strawberries, tea, and watermelons. Highland terrain like the Yukisora Mountains facilitates the commercial farming of cold-weather crops like potatoes, while tropical produce like bananas and cinnamon may be grown in the tropical rainforests of Old Sevaria; most other plants are grown in the temperate, humid subtropical climate that covers most of Pelinai, especially in the Marahu River Valley region.
Heavy mechanization of agriculture, the ubiquity of highly fertile volcanic ash soils in Pelinai, and extensive government subsidization of high-yield, pest-resistant genetically modified crops contribute to a very high agricultural productivity level per unit area.