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Economic Reports of the USIH Central Bank & Trust

A meeting place where national storefronts can tout their wares and discuss trade. [In character]
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Independence Hill
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Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Economic Reports of the USIH Central Bank & Trust

Postby Independence Hill » Tue Apr 06, 2021 4:59 pm

Role play done real- How does your economy measure up?

All metrices are calculated using NS Trends. On the 'Trends' screen, you'll see a button below that can measure your own region. Time is measured by setting one NS year = one Earth day. This report is subject to change from NS year to NS year (day to day) and at least some NS years won't have a report at all.
States may create and use their own currencies, but the Universal Treasury Note is the one and only official currency of the United States of Independence Hill and must legally be accepted everywhere within the United States of Independence Hill.

------------------------------------------------------------General Information----------------------------------

Date: 4/6/21

Total Population: 28.02 B

National Civil Rights: 70.17 (Excellent)

National Economy: 89.76 (Thriving)

National Political Freedom: 66.65 (Very Good)

Avg IQ: 105.07

------------------------------------------------------------------------Economy---------------------------------

Unemployment Rate: 3.75%

Minimum Wage: []11.24/Hr ($32.15/Hr)

GRP: []2.642 Q

GRP Per Capita: []94,289.79

Exchange Rate: []1.00 = $2.86

Avg Income: Poorest 10%: []36,473.04 ($104,312.89) | Middle Class: []88,579.43 ($253,337.17) | Wealthiest 10%: []231,980.00 ($663,462.80)

Avg Cost of a Gallon of Gasoline: []1.01/Gal ($2.89/Gal)

Avg Cost of an Automobile: []11,698.50 ($33,457.71)

Avg Monthly Rental Costs: []156.64 ($447.99)

Avg Cost of a Residential Property: []131,679.26 ($376,602.68)

------------------------------------------------------------------Federal Budget----------------------------------------

Federal Tax Rate: 55.3% (cut off at 25.8% of GRP)

Federal Revenue: +[]681.636 T ($1.949 Q)

Federal Spending: -[]117 T ($334.62 T)

Purchases: Imperial Oil Products $123 B, United Weapons Manufacturing $2.9 T, Interstate Highway Construction []5 T.

Asset Upkeep -[]1 T (Regional Interstate Highway Maintenance)

Surplus/Deficit: +[]557.274 T ($1.594 Q)

Cash On Hand: []3.31 Q ($9.47 Q)
Last edited by Independence Hill on Fri Apr 16, 2021 10:25 am, edited 1 time in total.

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Sat Apr 10, 2021 2:30 am

------------------------------------------------------------General Information----------------------------------

Date: 4/10/21 (Interstate highway is completed today)

Total Population: 28.304 B

National Civil Rights: 70.06 (Excellent)

National Economy: 89.78 (Thriving)

National Political Freedom: 66.86 (Very Good)

Avg IQ: 105.11

------------------------------------------------------------------------Economy---------------------------------

GRP: []2,679.3 Q

GRP Per Capita: []94,661.53

Unemployment Rate: 3.76%

Minimum Wage: []10.86/hr ($31.06)

Absolute Exchange Rate: []1.00 = $2.86

Avg Income: Poorest 10%: []36,488.31 ($104,356.57) | Middle Class: []88,678.79 ($253,621.34) | Wealthiest 10%: []232,183.00 ($664,043.38)

Avg Cost of an Automobile: []11,548.63 ($33,029.08)

Avg Cost of a Gallon of Gasoline: []1.00/Gal ($2.86/Gal)

Avg Cost of a Residential Property: []131,519.49 ($376,145.74)

Avg Monthly Rental Costs: []156.85 ($448.59)

------------------------------------------------------------------Federal Budget----------------------------------------

Federal Tax Rate: []61.8% (Cut off at 27.9% of GRP)

Federal Revenue: +[]747.525 T ($2.138 Q)

Federal Spending: -[]126 T ($360.36 T)

Purchases: []0

Asset Upkeep: -[]1 T (Interstate Highway System Maintenance) ($2.86 T)

Surplus/Deficit: +[]620.525 T ($1.775 Q)

Cash On Hand: []3.931 Q ($11.243 Q)

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Sun Apr 11, 2021 7:19 am

All metrices are calculated using NS Trends. On the 'Trends' screen, you'll see a button below that can measure your own region. Time is measured by setting one NS year = one Earth day. This report is subject to change from NS year to NS year (day to day) and at least some NS years won't have a report at all.
States may create and use their own currencies, but the Universal Treasury Note is the one and only official currency of the United States of Independence Hill and must legally be accepted everywhere within the United States of Independence Hill.
------------------------------------------------------------General Information----------------------------------
Date: 4/11/21

Total Population: 28.498 B (+0.194)

National Civil Rights: 70.2 (Excellent) (+0.14)

National Economy: 89.83 (Thriving) (+0.05)

National Political Freedom: 64.77 (Very Good) (-2.09)

Avg IQ: 105.11 (+/- 0)
------------------------------------------------------------------------Economy---------------------------------
GRP: []2.705 Q (+[]0.0257)

GRP Per Capita: []94,918.94 (+[]257.41)

Money Supply: []2.655 Q ($7.62 Q) (+[]0.0257)

Velocity of Money: 1.02 (+/- 0)

Exchange Rate: []1.00 = $2.87 (+[]0.01)

Avg Income: Poorest 10%: []36,919.24 ($105,958.22) (+[]430.93) | Middle Class: []89,270.41 ($256,206.08) (+[]591.62) | Wealthiest 10%: []232,911.00 ($668,454.57) (+[]728.00)

Unemployment Rate: 3.76% (+/- 0%)

Minimum Wage: []11.02/hr ($31.63/hr) (+[]0.16)

Avg Cost of an Automobile: []11,603.08 ($33,300.84) (+[]54.45)

Avg Cost of a Gallon of Gasoline: []1.01/Gal ($2.90) (+0.01)

Avg Cost of a Residential Property: []132,881.77 ($381,370.68) (+[]1,362.28)

Avg Monthly Rental Costs: []157.49 ($452.00) (+[]0.64)
------------------------------------------------------------------Federal Budget----------------------------------------
Federal Tax Rate: 62% (Cut off at 27.9%)

Federal Revenue: []754.695 T ($2.166 Q)

Federal Spending: []127 T ($364.49 T)

Purchases: []0

Asset Upkeep: -[]1 T (Interstate Highway System Maintenance) ($2.87 T)

Surplus/Deficit: +[]626.695 ($1.799 Q)

Cash On Hand: []4.558 Q ($13.08 Q)
Last edited by Independence Hill on Sun Apr 11, 2021 12:23 pm, edited 1 time in total.

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Reino do Brazil
Senator
 
Posts: 4539
Founded: Jan 31, 2013
Inoffensive Centrist Democracy

Postby Reino do Brazil » Sun Apr 11, 2021 12:52 pm

The Reino do Brazil Royal Treasury

From. Salvador Correia de Sá (GoV - RTRB)
Request for audit

Sirs,

It is of our interest to have our public accounts audited by your fine company. We thank you for your cooperation and expect to hear from you soon.

Faithfully
SC de Sá
Proud Member of Teremara
Agnostic, Gay, pro Israel, anti-communist

nstracker

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Independence Hill
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Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Sun Apr 11, 2021 12:56 pm

Reino do Brazil wrote:The Reino do Brazil Royal Treasury

From. Salvador Correia de Sá (GoV - RTRB)
Request for audit

Sirs,

It is of our interest to have our public accounts audited by your fine company. We thank you for your cooperation and expect to hear from you soon.

Faithfully
SC de Sá


Thank you so much. We'll have that for you right away.

User avatar
Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Sun Apr 11, 2021 1:30 pm

------------------------------------------------------------General Information----------------------------------
Date: 4/11/21

Total Population: 12.263 B

National Civil Rights: 68.9 (Very Good)

National Economy: 100.21 (Frightening)

National Political Freedom: 64.86 (Very Good)

Avg IQ: 132.68
------------------------------------------------------------------------Economy---------------------------------
GDP: Cruzado 1.923 Q

GDP Per Capita: 15,681.32

Money Supply: 1.873 Q ($2.60 Q)

Velocity of Money: 1.03 (Money is changing hands at an adequate pace.)

Exchange Rate: 1.00 Cruzado = $1.39

Avg Income: Poorest 10%: 115,728.77 ($160,862.99) | Middle Class: 156,818.98 ($217,978.38) | Wealthiest 10%: 205,307.00 ($285,376.73)

Unemployment Rate: 2.46%

Minimum Wage: 7.72/hr ($10.73/hr) (There is a wide gap between people who make minimum wage and people who make the highest of the poorest 10%, the latter seems to have more people, driving average income of the poorest 10% higher.)

Avg Cost of an Automobile: 31,507.01 ($43,794.74) (Because your nation does not produce some of the materials needed for domestic automobiles, it seems you import this item. Therefore, calculations were taken from your region.)

Avg Cost of a Gallon of Gasoline: 1.97/Gal ($2.73/Gal) (Gas prices are tied to the model of car they belong to. Because so many cars exist in the NS world, gas is assumed to be micro-brewed to a specific model car.)

Avg Cost of a Residential Property: 354,275.75 ($492,443.29) (Prices for residential properties are up because demand is up. It is lucrative in your economy to become a landlord. A residential property, in relation to the monthly cost of rent can be thought of as large buildings which house hundreds of apartments.)

Avg Monthly Rental Costs: 396.08 ($550.55) (Rents are cheap because there are more apartments available than there are people looking for available apartments. Landlords must put it moderate effort to compete for tenants.)
------------------------------------------------------------------Federal Budget----------------------------------------
Tax Rate: 96.3% (Cut off at 57.3% of GDP)

Federal Revenue: 1.10 Q ($1.52 Q) (Your spending and revenue are equal because you have only yourself to account for. This section is usually reserved for regional governments charging taxes on its members.)

Federal Spending: 1.10 Q ($1.52 Q) (Taking on regional members does not take on additional costs. This is how you can stack up revenue as a regional government.)

Purchases: 0

Surplus/Deficit: +/- 0

Cash On Hand: 0 (Any money that makes it here cannot be put back into the system. It's better off being used to buy things in the economic forum or destroyed.)


Final thought: Things will become more expensive as you go along. You should gradually cut taxes by about 60% so your currency gains value and eventually outpaces your costs in the long run.
Last edited by Independence Hill on Sun Apr 11, 2021 1:58 pm, edited 2 times in total.

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Beloura
Spokesperson
 
Posts: 101
Founded: Nov 02, 2018
Inoffensive Centrist Democracy

Postby Beloura » Mon Apr 12, 2021 1:04 pm

Hello,

Could you please do a report for Beloura?

Thank you

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Mon Apr 12, 2021 4:14 pm

Beloura wrote:Hello,

Could you please do a report for Beloura?

Thank you


I would be happy to do that for you. I'll have it for you right away here in this thread.

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Erynia and Draconia
Bureaucrat
 
Posts: 56
Founded: Nov 09, 2017
Left-wing Utopia

Postby Erynia and Draconia » Mon Apr 12, 2021 4:20 pm

Hello,

We request that your company run a report on Erynia and Draconia.

Thank you,
Erynia and Draconia Ministry of Domestic Affairs
The Democratic States of Erynia and Draconia
Overview | Political Parties | States and Cities | Constitution | Map

For: Social democracy, democratic socialism, environmentalism, democracy, equality
Against: Racism, totalitarianism, fascism, sexism, homophobia, transphobia, xenophobia, authoritarianism of all kinds, unregulated capitalism, militarism, religion

Proud member of LITA

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Mon Apr 12, 2021 4:49 pm

Report for: Beloura

------------------------------------------------------------General Information----------------------------------
Date: 4/12/21

Total Population: 2.862 B

National Civil Rights: 64.06 (Very Good)

National Economy: 84.38 (Thriving)

National Political Freedom: 69.05 (Excellent)

Avg IQ: 105
------------------------------------------------------------------------Economy---------------------------------
GDP: 271 T

GDP Per Capita: 94,689.03

Money Supply: 221 T ($632.06 T)

Velocity of Money: 1.23

Exchange Rate: 1.00 Belouran Cruzado = $2.86

Avg Income: Poorest 10%: 51,749.31 ($148,003.03) | Middle Class: 94,883.57 ($271,367.01) | Wealthiest 10%: 160,752 ($459,750.72

Unemployment Rate: 3.76%

Minimum Wage: 14.71/hr ($42.07/hr)

Avg Cost of an Automobile: DOMESTIC: 4,795.27 ($13,714.47). 7,781.68 | REGIONAL 7,781.68 ($22,255.60) (You have a good amount of imports from your region that are probably higher quality than your nation can produce)

Avg Cost of a Gallon of Gasoline: 0.64 ($1.83)

Avg Cost of a Residential Property: 167,115.84 ($477,951.30)

Avg Monthly Rental Costs: 171.41/month ($490.23/month)
------------------------------------------------------------------Federal Budget----------------------------------------
This section is meant for regions with a centralized government that represents and taxes members within the region.
Last edited by Independence Hill on Mon Apr 12, 2021 5:02 pm, edited 1 time in total.

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Mon Apr 12, 2021 5:03 pm

Erynia and Draconia wrote:Hello,

We request that your company run a report on Erynia and Draconia.

Thank you,
Erynia and Draconia Ministry of Domestic Affairs


Thank you so much for your request. We'll have that ready for you as soon as we can.

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Mon Apr 12, 2021 5:52 pm

Report for: Erynia and Draconia
------------------------------------------------------------General Information----------------------------------
Date: 4/12/21

Total Population: 2.175 B

National Civil Rights: 77.44 (Superb)

National Economy: 97.79 (Frightening)

National Political Freedom: 78.57 (Superb)

Avg IQ: 132.13
------------------------------------------------------------------------Economy---------------------------------
GDP: 240 T

GDP Per Capita: 110,344.82

Money Supply: 190 T ($703 T)

Velocity of Money: 1.26 (Money is changing hands at an adequate pace.)

Exchange Rate: 1.00 Eryconian Dollar = $3.70

Avg Income: Poorest 10%: 93,383.90 ($345,520.43)| Middle Class: 110,774.74 ($409,866.54) | Wealthiest 10%: 129,034.00 ($477,425.80)

Unemployment Rate: 3.27%

Minimum Wage: 5.08/hr ($18.80/hr) (There is a wide gap between those making the minimum wage and those making the top salary of the poorest 10%. It appears that most people in the poorest bracket are making closer to the top salary of that bracket.)

Avg Cost of an Automobile: 12,700.67 ($46,992.48) (Quality of automobiles is driving your costs up but demand isn't strong)

Avg Cost of a Gallon of Gasoline: 1.25/Gal ($4.63/Gal) (Because demand is low for automobiles, it is assumed that higher quality fuel for higher quality automobiles can get very expensive very quickly.)

Avg Cost of a Residential Property: 173,577.61 ($642,237.16) (Because the wealthiest 10% make less than the cost of a Residential Property, People in that bracket must rely upon savings or some sort of credit system built into the system itself to afford them.)

Avg Monthly Rental Costs: 427.21/Month ($1,580.68/Month) (Because Residential Properties are out of reach for most of the wealthiest 10%, those that do manage to purchase a Residential Property must cover their costs quickly. There are more people looking for apartments than there are available apartments, and the excess cost of a Residential property is being passed on to tenants. This 1-2 punch is causing your monthly rents to spike.)
------------------------------------------------------------------Federal Budget----------------------------------------
This section is meant for regions with a central government that represents and taxes its members.
Last edited by Independence Hill on Mon Apr 12, 2021 6:21 pm, edited 2 times in total.

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Islamic Holy Sites
Minister
 
Posts: 2169
Founded: Mar 20, 2021
Inoffensive Centrist Democracy

Postby Islamic Holy Sites » Mon Apr 12, 2021 10:05 pm

Independence Hill wrote:
Erynia and Draconia wrote:Hello,

We request that your company run a report on Erynia and Draconia.

Thank you,
Erynia and Draconia Ministry of Domestic Affairs


Thank you so much for your request. We'll have that ready for you as soon as we can.

Could you do one for the IHS too please?
Proud member of the UIC, CFTC, LITA, the DEA and the ICDN. Host nation of SETZA. Founder/Co-founder of the IDSF.

FREEDOM, DEMOCRACY, ISLAM

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Tue Apr 13, 2021 3:30 pm

Islamic Holy Sites wrote:
Independence Hill wrote:
Thank you so much for your request. We'll have that ready for you as soon as we can.

Could you do one for the IHS too please?


I would be glad to do a report for your nation. I work overnight, so that's why I'm just now seeing this.

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Tue Apr 13, 2021 4:54 pm

Report for: Islamic Holy Sites

------------------------------------------------------------General Information----------------------------------
Date: 4/13/21

Total Population: 85 Million

National Civil Rights: 52.72 (Average)

National Economy: 19.33 (Weak)

National Political Freedom: 65.14 (Very Good)

Avg IQ: 47.98 (It doesn't mean what most would think it means. All this number really does is reflect the opportunities and potential your average population has access to. Your population does not have adequate access to opportunities that would increase potential over time.)
------------------------------------------------------------------------Economy---------------------------------
GDP: 2.46 T

GDP Per Capita: 28,941.17

Money Supply: 2.46 T ($664.2 B) (Because you cannot subtract 50 trillion in your case, your money supply is equal to your GDP and velocity of money cannot yet be measured)

Velocity of Money: N/A

Exchange Rate: 1.00 Gold Dinar = $0.27

Avg Income: Poorest 10%: 23,321.92 ($6,296.92) | Middle Class: 28,996.12 ($7,828.95) | Wealthiest 10%: 35,206.00 ($9,505.62)

Unemployment Rate: 23.04%

Minimum Wage: 9.80/hr ($2.65/hr)

Avg Cost of an Automobile: 106.40 ($28.73) (Your automobile industry is so underdeveloped that people are resorting to making their own in their garages and selling them to their neighbors for pennies on the NS Dollar. These automobiles, in almost all cases, would not be safe to drive.

Avg Cost of a Gallon of Gasoline: 0.02/Gal ($0.01/Gal) (Because these automobiles are mostly built out of spare parts from lawn mowers and weed eaters, unregulated and impure gasoline is cheaper than cleaner, more efficient alternatives.

Avg Cost of a Residential Property: 29,200.23 ($7,884.06) (Because you don't have your own wood chipping industry, the regional value was used for that calculation and it is assumed that you import these products.

Avg Monthly Rental Costs: 152.18 ($41.08) (These are apartments or single family homes that would probably be considered not livable by average NS world standards. The land is cheap and the square mileage is deep. You're cutting through thick vegetation to clear land for new development with limited technology.)
------------------------------------------------------------------Federal Budget----------------------------------------
This section is reserved for regions with governments that represent and collect taxes from its members.

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Islamic Holy Sites
Minister
 
Posts: 2169
Founded: Mar 20, 2021
Inoffensive Centrist Democracy

Postby Islamic Holy Sites » Wed Apr 14, 2021 3:26 am

Independence Hill wrote:Report for: Islamic Holy Sites

------------------------------------------------------------General Information----------------------------------
Date: 4/13/21

Total Population: 85 Million

National Civil Rights: 52.72 (Average)

National Economy: 19.33 (Weak)

National Political Freedom: 65.14 (Very Good)

Avg IQ: 47.98 (It doesn't mean what most would think it means. All this number really does is reflect the opportunities and potential your average population has access to. Your population does not have adequate access to opportunities that would increase potential over time.)
------------------------------------------------------------------------Economy---------------------------------
GDP: 2.46 T

GDP Per Capita: 28,941.17

Money Supply: 2.46 T ($664.2 B) (Because you cannot subtract 50 trillion in your case, your money supply is equal to your GDP and velocity of money cannot yet be measured)

Velocity of Money: N/A

Exchange Rate: 1.00 Gold Dinar = $0.27

Avg Income: Poorest 10%: 23,321.92 ($6,296.92) | Middle Class: 28,996.12 ($7,828.95) | Wealthiest 10%: 35,206.00 ($9,505.62)

Unemployment Rate: 23.04%

Minimum Wage: 9.80/hr ($2.65/hr)

Avg Cost of an Automobile: 106.40 ($28.73) (Your automobile industry is so underdeveloped that people are resorting to making their own in their garages and selling them to their neighbors for pennies on the NS Dollar. These automobiles, in almost all cases, would not be safe to drive.

Avg Cost of a Gallon of Gasoline: 0.02/Gal ($0.01/Gal) (Because these automobiles are mostly built out of spare parts from lawn mowers and weed eaters, unregulated and impure gasoline is cheaper than cleaner, more efficient alternatives.

Avg Cost of a Residential Property: 29,200.23 ($7,884.06) (Because you don't have your own wood chipping industry, the regional value was used for that calculation and it is assumed that you import these products.

Avg Monthly Rental Costs: 152.18 ($41.08) (These are apartments or single family homes that would probably be considered not livable by average NS world standards. The land is cheap and the square mileage is deep. You're cutting through thick vegetation to clear land for new development with limited technology.)
------------------------------------------------------------------Federal Budget----------------------------------------
This section is reserved for regions with governments that represent and collect taxes from its members.

So according to NS stats, my nation is poor but costs of living are very, very cheap, albeit for a low quality. And my GDP is not bad, I think. Thanks!
Proud member of the UIC, CFTC, LITA, the DEA and the ICDN. Host nation of SETZA. Founder/Co-founder of the IDSF.

FREEDOM, DEMOCRACY, ISLAM

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Wed Apr 14, 2021 6:28 am

Islamic Holy Sites wrote:
Independence Hill wrote:Report for: Islamic Holy Sites

------------------------------------------------------------General Information----------------------------------
Date: 4/13/21

Total Population: 85 Million

National Civil Rights: 52.72 (Average)

National Economy: 19.33 (Weak)

National Political Freedom: 65.14 (Very Good)

Avg IQ: 47.98 (It doesn't mean what most would think it means. All this number really does is reflect the opportunities and potential your average population has access to. Your population does not have adequate access to opportunities that would increase potential over time.)
------------------------------------------------------------------------Economy---------------------------------
GDP: 2.46 T

GDP Per Capita: 28,941.17

Money Supply: 2.46 T ($664.2 B) (Because you cannot subtract 50 trillion in your case, your money supply is equal to your GDP and velocity of money cannot yet be measured)

Velocity of Money: N/A

Exchange Rate: 1.00 Gold Dinar = $0.27

Avg Income: Poorest 10%: 23,321.92 ($6,296.92) | Middle Class: 28,996.12 ($7,828.95) | Wealthiest 10%: 35,206.00 ($9,505.62)

Unemployment Rate: 23.04%

Minimum Wage: 9.80/hr ($2.65/hr)

Avg Cost of an Automobile: 106.40 ($28.73) (Your automobile industry is so underdeveloped that people are resorting to making their own in their garages and selling them to their neighbors for pennies on the NS Dollar. These automobiles, in almost all cases, would not be safe to drive.

Avg Cost of a Gallon of Gasoline: 0.02/Gal ($0.01/Gal) (Because these automobiles are mostly built out of spare parts from lawn mowers and weed eaters, unregulated and impure gasoline is cheaper than cleaner, more efficient alternatives.

Avg Cost of a Residential Property: 29,200.23 ($7,884.06) (Because you don't have your own wood chipping industry, the regional value was used for that calculation and it is assumed that you import these products.

Avg Monthly Rental Costs: 152.18 ($41.08) (These are apartments or single family homes that would probably be considered not livable by average NS world standards. The land is cheap and the square mileage is deep. You're cutting through thick vegetation to clear land for new development with limited technology.)
------------------------------------------------------------------Federal Budget----------------------------------------
This section is reserved for regions with governments that represent and collect taxes from its members.

So according to NS stats, my nation is poor but costs of living are very, very cheap, albeit for a low quality. And my GDP is not bad, I think. Thanks!


You're very welcome. I'm glad to do these reports for any and all who ask. Just so you know- yes, in terms of really high numbers, your GDP is up there. But, when you divide that equally between every member of your population, your GDP per capita, in terms of really high numbers, isn't quite as up there. This really lowers your economic prospects. Those who are employed have limited buying power and those at the very top don't want to hire or expand their businesses.

I highly recommend you cut taxes gradually so that your economy grows evenly over time and nothing is out of place when you get to the top. You want to keep income growth just a little ahead of cost growth.

User avatar
Islamic Holy Sites
Minister
 
Posts: 2169
Founded: Mar 20, 2021
Inoffensive Centrist Democracy

Postby Islamic Holy Sites » Wed Apr 14, 2021 6:33 am

Independence Hill wrote:
Islamic Holy Sites wrote:So according to NS stats, my nation is poor but costs of living are very, very cheap, albeit for a low quality. And my GDP is not bad, I think. Thanks!


You're very welcome. I'm glad to do these reports for any and all who ask. Just so you know- yes, in terms of really high numbers, your GDP is up there. But, when you divide that equally between every member of your population, your GDP per capita, in terms of really high numbers, isn't quite as up there. This really lowers your economic prospects. Those who are employed have limited buying power and those at the very top don't want to hire or expand their businesses.

I highly recommend you cut taxes gradually so that your economy grows evenly over time and nothing is out of place when you get to the top. You want to keep income growth just a little ahead of cost growth.

Oh, ok. My taxes have been gradually weakening.
EDIT: Checked again and they haven't
Last edited by Islamic Holy Sites on Wed Apr 14, 2021 6:34 am, edited 1 time in total.
Proud member of the UIC, CFTC, LITA, the DEA and the ICDN. Host nation of SETZA. Founder/Co-founder of the IDSF.

FREEDOM, DEMOCRACY, ISLAM

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Union of Nobelia
Attaché
 
Posts: 68
Founded: May 31, 2019
Left-wing Utopia

Postby Union of Nobelia » Wed Apr 14, 2021 7:41 am

The government of the Union of Nobelia, we would love you to make a report about these statistics for our nation in advance, thank you.
Nation data
Official name: The Parlamentary Republic of the Union of Nobelia.
President Constitutional: Dra. Roshanak Mahkameh Storladen Wereny.
Form of Government:Constitutional Democratic Federal Parliamentary Republic.
Economic system: Liberal Democratic Socialism, Socialist Market.

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Wed Apr 14, 2021 7:44 am

Union of Nobelia wrote:
The government of the Union of Nobelia, we would love you to make a report about these statistics for our nation in advance, thank you.




I would be happy to do this for you. It will be available as soon as possible.

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Tyrantio Land
Chargé d'Affaires
 
Posts: 429
Founded: Jul 04, 2019
Moralistic Democracy

Postby Tyrantio Land » Wed Apr 14, 2021 7:46 am

This seems cool, Could you please do one for Tyrantio Land
Semi-Constitutional Monarchy Located in Eastern Europe, Proud member of The IDSF, ICDN, IPSA, SETZA, And CFTC
My Goal is to be active more in F7.
"Death is nothing, but to live defeated and inglorious is to die daily" -Napoleon Bonaparte(Yes I like The Napoleonic Era)
I have an Embassy with Countesia.
The Monkey Multiverse War has broken out, casualties in the Trillions

I finally did some Factbooks

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Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Wed Apr 14, 2021 8:18 am

Union of Nobelia wrote:
The government of the Union of Nobelia, we would love you to make a report about these statistics for our nation in advance, thank you.


Report for: Union of Nobelia
------------------------------------------------------------General Information----------------------------------
Date: 4/14/21

Total Population: 3.997 B

National Civil Rights: 75.44 (Superb)

National Economy: 100.15 (Frightening)

National Political Freedom: 69.14 (Excellent)

Avg IQ: 134.58
------------------------------------------------------------------------Economy---------------------------------
GRP: K754 T

GRP Per Capita: K188,641.48

Money Supply: K704 T ($3.4 Q)

Velocity of Money: 1.07

Exchange Rate: K1.00 = $4.83

Avg Income: Poorest 10%: K156,426.71 ($755,541.01) | Middle Class: K188,650.61 ($911,182.45) | Wealthiest 10%: K222,981.00 ($1,076,988.23)

Unemployment Rate: 2.41%

Minimum Wage: K11.87/hr ($57.33/hr)

Avg Cost of an Automobile: K118,447.35 ($572,100.7)

Avg Cost of a Gallon of Gasoline: K8.41/Gal ($40.62/Gal)

Avg Cost of a Residential Property: K671,300.38 ($3,242,380.84)

Avg Monthly Rental Costs: K209.67/Month ($1012.71/Month)
Last edited by Independence Hill on Wed Apr 14, 2021 8:21 am, edited 1 time in total.

User avatar
Independence Hill
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Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Wed Apr 14, 2021 8:19 am

Tyrantio Land wrote:This seems cool, Could you please do one for Tyrantio Land



I'll have one ready for you in the late afternoon or early evening. Thank you so much for your request and I hope you like your results.

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Union of Nobelia
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Posts: 68
Founded: May 31, 2019
Left-wing Utopia

Postby Union of Nobelia » Wed Apr 14, 2021 9:07 am

Independence Hill wrote:
Union of Nobelia wrote:
The government of the Union of Nobelia, we would love you to make a report about these statistics for our nation in advance, thank you.


Report for: Union of Nobelia
------------------------------------------------------------General Information----------------------------------
Date: 4/14/21

Total Population: 3.997 B

National Civil Rights: 75.44 (Superb)

National Economy: 100.15 (Frightening)

National Political Freedom: 69.14 (Excellent)

Avg IQ: 134.58
------------------------------------------------------------------------Economy---------------------------------
GRP: K754 T

GRP Per Capita: K188,641.48

Money Supply: K704 T ($3.4 Q)

Velocity of Money: 1.07

Exchange Rate: K1.00 = $4.83

Avg Income: Poorest 10%: K156,426.71 ($755,541.01) | Middle Class: K188,650.61 ($911,182.45) | Wealthiest 10%: K222,981.00 ($1,076,988.23)

Unemployment Rate: 2.41%

Minimum Wage: K11.87/hr ($57.33/hr)

Avg Cost of an Automobile: K118,447.35 ($572,100.7)

Avg Cost of a Gallon of Gasoline: K8.41/Gal ($40.62/Gal)

Avg Cost of a Residential Property: K671,300.38 ($3,242,380.84)

Avg Monthly Rental Costs: K209.67/Month ($1012.71/Month)


Taking into account the previous statistics, how do you consider the economic outlook of the nation?
In my opinion it is very efficient in terms of production and purchasing power.
Nation data
Official name: The Parlamentary Republic of the Union of Nobelia.
President Constitutional: Dra. Roshanak Mahkameh Storladen Wereny.
Form of Government:Constitutional Democratic Federal Parliamentary Republic.
Economic system: Liberal Democratic Socialism, Socialist Market.

User avatar
Independence Hill
Envoy
 
Posts: 253
Founded: Apr 03, 2018
New York Times Democracy

Postby Independence Hill » Wed Apr 14, 2021 5:05 pm

Union of Nobelia wrote:
Independence Hill wrote:
Report for: Union of Nobelia
------------------------------------------------------------General Information----------------------------------
Date: 4/14/21

Total Population: 3.997 B

National Civil Rights: 75.44 (Superb)

National Economy: 100.15 (Frightening)

National Political Freedom: 69.14 (Excellent)

Avg IQ: 134.58
------------------------------------------------------------------------Economy---------------------------------
GRP: K754 T

GRP Per Capita: K188,641.48

Money Supply: K704 T ($3.4 Q)

Velocity of Money: 1.07

Exchange Rate: K1.00 = $4.83

Avg Income: Poorest 10%: K156,426.71 ($755,541.01) | Middle Class: K188,650.61 ($911,182.45) | Wealthiest 10%: K222,981.00 ($1,076,988.23)

Unemployment Rate: 2.41%

Minimum Wage: K11.87/hr ($57.33/hr)

Avg Cost of an Automobile: K118,447.35 ($572,100.7)

Avg Cost of a Gallon of Gasoline: K8.41/Gal ($40.62/Gal)

Avg Cost of a Residential Property: K671,300.38 ($3,242,380.84)

Avg Monthly Rental Costs: K209.67/Month ($1012.71/Month)


Taking into account the previous statistics, how do you consider the economic outlook of the nation?
In my opinion it is very efficient in terms of production and purchasing power.



As far as the economic outlook of your nation, I feel it may be too late for you to cut taxes considering your incomes and costs are very high, because tax cuts create growth and will further exacerbate this situation. An automobile takes up almost one's entire salary in the poorest bracket and you're paying way too much for gasoline. Keep in mind, these automobiles and their fuels, they're of very high quality, which contributes to their costs. The demand is there because you're a nation of 3+ Billion with a very high level of technology and low unemployment. People are busy and they need to get to where they're going. Residential Property costs are out of control, but rents are reasonable.

Your entire nation seems to be one never ending city, with the average residential property being large buildings housing hundreds of apartments. The automobiles seem to be self driving and almost fully autonomous. It seems the only remedy I can think of for your ever rising costs is to specialize your economy (not completely or to a point of insanity) toward a vital industry. You're at a level where you need to strategically import products from your region that your nation would already be terrible at making anyway. The only way you can put this into action is to answer issues that would allow you to preserve what you want and implode what you don't want.

Keep your taxes where they're at until you have found the industry you want to depend on domestically and have imploded the ones you don't want. As your economy heals from the damage, cut taxes to stimulate demand and spending.

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