The Economy of the Dominion of Svarthaedir

Economy overview : Svarthaedir's economy is basically capitalistic with extensive welfare and low unemployment. The economy depends heavily on the fishing industry, which provides % of export earnings and employs % of the work force. In the absence of other natural resources, the economy is vulnerable to changing world fish prices. The government plans to reduce the budget and current account deficits, contain inflation and diversify the economy.

  • GDP growth rate : 2.9 %
  • Inflation rate : 1.4 %
  • Unemployment rate : 4.3 %
  • Industries : Fish processing, geothermal power, ferrosilicon production, tourism
  • Products : Fish, sheep, potaoes, turnips, cabbages
  • Exports : Fish and fish products, ferrosilicon, diatomite
  • Imports : Machinery, petroleum products, foodstuffs, textiles