Summary |
National Briefs |
The economy of Xuande-Xiphoi is a highly developed free-market economy. Xuande-Xiphoi's economy has been ranked among the most open in the world, one of the least corrupt, most pro-business, with low tax rates.
Xuande-Xiphoi's diverse economy has a sizable service sector, accounting for approximately 65% of all GDP activity as of 2021. Xuande-Xiphoi has distinct economic regions with particular specialties derived from their geographic positions and environmental conditions. The national economy as a whole is distinguished by widespread utilisation of advanced technologies with firms are at or near the forefront in technological advances, partially enabled through Xuande-Xiphoian Government development assistance, which is legally required to be provided across industries on an equal opportunity basis. State-owned enterprises support the fair development and application of technologies and advancements across Xuande-Xiphoian companies. They simultaneously provide a 'safety net' for companies which promotes economic independence supported by government investments to enhance industry competitiveness and efficiencies, but also requires particular economic obligations are met by those companies that benefit the national interest to continue to receive that support. The major economic regions include North, consisting of North Xiphos and the northern half and coastline of Xuande; South includes South Xiphos and the southern coast and half of Xuande. The Central Region includes the cross-continental isthmus centred around the national capital, Revnami. The Eastern Archipelago is a seperate region, but is sometimes included as part of the North Economic Region. The North Economic Region benefit from convenient access to international trade markets. The world's largest airports by number of passenger movements, largest ports by transshipment volume, and a variety of other specialist import and export facilities directly connect Xuande-Xiphoi to more than 1,000 other countries. Additionally, refinement of basic goods for further movements is conducted in the north. Examples of this practice are companies which purchase raw goods and refine them for re-export, such as in the wafer fabrication industry and oil refining. Strong, priority rail freight links enable the fast and efficient transportation of bulk goods across the continent at a low cost. The North Economic Region is considered Xuande-Xiphoi's financial heartland, with Oppentin in the Republic of Xanthi considered the nation's financial capital. There is a strong services sector presence in the North region. Xuande-Xiphoi also benefits from a central location in international aviation, supporting a very strong aviation services sector and a national tourism industry. The nations tourism industry is highly diverse and benefits from a strong reputation for environmental sustainability, safety, and the diversity of culture within the 24 Republics and Kingdom. There were a total of 4.6 billion tourist arrivals in 2019. Economic organisations that Xuande-Xiphoi participates in include:
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Regional Briefs
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