Economy of Zolo:Overview: Zolo’s economy is highly dependent on the exportation of fruit, coffee, sugar, and other agricultural products like beef and spices, all of which are exported in large volumes for low prices. Its main imported products are weapons, computers, medicine, automobiles, and luxury manufactured goods (which are almost all imported to satisfy the needs of wealthy settlers). Most of the working population is employed in agriculture, with more than a third living and working on small sustenance farms. Besides agriculture, tourism is the most important industry to the nation’s economy: people come from across the world to see the country’s beaches, rainforests, mountains, and ruins. There are very few labor laws, and there is no minimum wage. The economy has been growing both quickly and stably over the last 50 years since the end of the war of 1968, mostly at the expense of the natural environment, the poor, and the indigenous population. There is a stark divide between the modernized, commercial, urban areas, and the mostly poor and underdeveloped rural countryside.
GDP: $2.3066 Trillion USD
GDP per capita: $21,297.94 USD
Currency: Tytorian Crown (₡1.00=$0.56 USD)
Statistics:Unemployment Rate: 12%
Literacy Rate: 71%
Vaccination Rate: 71%
Malnourishment Rate: 19%
Poorly Housed: 24%
Homelessness Rate 2%
Birth Rate: 24.5 per 1,000 people
Death Rate: 11.2 per 1,000 people
Fishing: 2%
Commercial Agriculture: 44%
- Fruit: 11%
- Coffee: 9%
- Sugar: 8%
- Beef and Dairy: 5%
- Spices: 4%
- Tobacco: 2%
- Chocolate: 2.5%
- Corn: 1%
- Other: 1.5%
Subsistence Agriculture: 4%
Mining: 9%
Manufacturing: 10%
- Textiles: 3%
- Arms: 2.5%
- Liquor: 3%
- Other: 1.5%
Tourism: 9%
Information: .8%
Retail & Wholesale: 3%
Forestry: 5.8%
Entertainment: 2%
Finance & Real-Estate: 1.9%
Construction: 1.3%
Education: 1.4%
Healthcare: 1.9%
Narcotics: 1.5%
Transportation: 1.4%
Other: 1%
Fishing: 2%
Commercial Agriculture: 30.8%
Subsistence Agriculture: 33%
Mining: 4%
Manufacturing: 8.4%
Tourism: 5.5%
Information: .5%
Retail & Wholesale: 3%
Forestry: 5.1%
Entertainment: .7%
Finance & Real-Estate: .2%
Construction: 1%
Education: .5%
Healthcare: .8%
Transportation: 2%
Other: 2%
Wealth Percentile: / Proportion of Wealth Held: / Proportion of Income Earned Annually:
1%: 44.1% 43.2%
2-10%: 32.6% 32.5%
11-20%: 9.5% 9.9%
21-30%: 5.3% 6.2%
31-40%: 4.1% 5.6%
41-50%: 2.2% 2.5%
51-60%: 1.1% 1.6%
61-70%: .5% .8%
71-80%: .35% .5%
81-90%: .2% .25%
91-100%: 0.05% .1%
Annual Revenue: $552.3 Billion USD (~24% of GDP)
Annual Expenditure: 554 Billion USD (~24% of GDP)
Deficit: $1.7B
Reserves: Tytorian Crowns for $14.3 Billion, Gold for $24 Billion
Debt: $374 Billion
Government Revenue Sources:Income Tax: 47%
Importation Tariffs: 1.2%
Inheritance Tax: 3.4%
Sales Tax: 2.8%
Liquor Tax: 1.5%
Gambling Tax: .41%
Capital Gains Tax: 8.7%
Corporate Tax: 7.2%
Land Rent: 26.15%
Prison Labor: 1.95%
Other: 1.5%
Military: 21.4% ($118.8 B)
Healthcare: 6.7% ($37.6 B)
Social Security: 9.5% ($52.8 B)
Law Enforcement: 12.6% ($70 B)
Business Subsidies: 13.4% ($74.2 B)
Infrastructure: 7% ($39.6 B)
Welfare: 2% ($10.4 B)
Transportation: 2.8% ($15.7 B)
Housing: 1.8% ($9.9 B)
Intelligence & Defense: 11.4% ($63 B)
Education: 3.8% ($21.2 B)
Bureau of Land Management: 2.8% ($15.7 B)
Bureau of Indigenous Affairs: 0.9% ($5.5 B)
Interest on Debt: 2.4% ($13.3B)
Other: 1.1% ($6.3 B)
Province and local governments are responsible for funding education, infrastructure, and law enforcement (with subsidies from the federal government). They can generate revenue by levying taxes and tariffs, and typically most local government revenue comes from property taxes (with a sizeable bonus from renting out prison labor)
Total Annual Revenue: ~$152 Billion (excluding federal subsidies)
Spending Breakdown:Law Enforcement: 42%
Infrastructure: 17%
Education: 15%
Healthcare: 13%
Business Subsidies: 7%
Housing: 3%
Welfare: 3%
The education system in Zolo is mostly privatized. While it is legally required that all children recieve an education, almost 1/4 recieve none at all, and many rural villages have no schools. Where kids are schooled by the state, it is usually via charter schools for primary education. Universities are almost all private, and very expensive, but the state does sometimes offer some limited merit based scholarships and low-interest loans.
