Economic: Belesia

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The Federated States of Belesia.

The Belesian economy is an emerging economy attempting to expand from its original agrarian base. Seeking to follow the example of other Pacific nations that have developed strong economies, Belesia has created manufacturing base centered on goods processing. A combination of a relatively skilled but low-cost labor force and policy changes that opened up the country to greater foreign investment created a fast growing economy, expanding in the range of 6-7% annual over the last five years despite both international market fluctuations and domestic political turbulence.

Despite these advances, Belesia still lacks a sophisticated manufacturing structure, adequate infrastructure, or full access to international markets. Wealth distribution is extremely inequitable and while the unemployment has steadily declined over the past decade, the majority of available jobs are tedious and for low wages with high underemployment. The government still faces challenges in improving governance and reforming the judicial system and regulatory environment. The political system suffers from institutional weaknesses, including personality-based political parties and political domination by a few influential landholding families, as well as divisions among reformers, conservatives, religious advocates, and traditional politicians.

Possible territorial disputes, particularly with regarding to fishing, have also strained relationships between Belesia and its neighbors. A fractured topography and an unevenly distributed population exacerbate the risk. Unsettled islands, of which Belesia has over 1000, are vulnerable to competing declarations of sovereignty and economic exploitation. Belesia attempts to maintain strong diplomatic ties both with its immediate neighbors and with more powerful regional stakeholders.

Despite these challenges, the overall economic outlook for Belesia is positive. The country possesses a large supply of human capital and significant natural resources. The industrial transformation to manufacturing of electronic components is beginning to show profitability, although at the expense of traditional agricultural output. Economic and government reforms are generally seen as positive increasing the likelihood of both international trade and foreign investment.

Table of Economic Data

Measure	Data	Rank in World	Remarks (if applicable)
Nominal GDP	Dependent upon population	TBD
PPP/Capita	$8229	118	Purchasing Power Parity
Real GDP Growth Rate	6.5%	17	5 year average 6.6%
LFPR	61.8%	97	Labor Force Participation Rate
Unemployment	6.3%	78
Poverty	40.0%	71	Percent below poverty line
Net FDI	1.9% of GDP	TBD	0.7% of GDP outflow
Budget	19.34% of GDP in revenue 21.56% of GDP in expenditures
Public Debt	36.2% of GDP	47
Inflation	3.1%	87	5 year average 3.3%
Value of Exports	17.45% of GDP	TBD
Value of Imports	19.99% of GDP	TBD

Participation in the Global Financial System

To be published.

World Bank/International Development Aid

To be published.

Foreign Direct Investment

To be published.

Economic Activity

To be published.

Economic Actors

To be published.

Trade

To be published.

Commercial Trade

To be published.

Military Exports/Imports

To be published.

Economic Diversity

To be published.

Energy Sector

To be published.

Oil

To be published.

Natural Gas

To be published.

Agriculture

To be published.

Mining

To be published.

Manufacturing

To be published.

Steel

To be published.

Automotives

To be published.

Petrochemicals

To be published.

Defense Industries/Dual Use

To be published.

Services

To be published.

Banking and Finance

Public Finance

To be published.

Taxation

To be published.

Currency Reserves

To be published.

Private Banking

To be published.

Banking System

To be published.

Stock/Capital

To be published.

Informal Finance

To be published.

Employment Status

To be published.

Labor Market

To be published.

Employment

To be published.

Unemployment

To be published.

Illegal Economic Activity

To be published.

Summary

To be published.