Economy of Izaland
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| Economy of Izaland | ||||||||||||||||
| free market economy | ||||||||||||||||
| Currency | Etsi (Ė) | |||||||||||||||
| Monetary authority | Izakis kinnyu ðaimubu | |||||||||||||||
| GDP (PPP) | 2022 estimate | |||||||||||||||
| • Total | $6.8 trillion | |||||||||||||||
| • Per capita | $58,474 | |||||||||||||||
| HDI (2020) | 0.924 very high | |||||||||||||||
| Principal exports | Electronics, Services, financial products, transport equipment, machinery | |||||||||||||||
| Principal imports | Oil, food, machinery, chemicals, raw materials | |||||||||||||||
Industries and sectors | ||||||||||||||||
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Izaland has a strong tertiary oriented economy focusing especially on communications, electronics, services and tourism. However, the rich natural environment gives Izaland also an important role in agriculture and fishery, and the industrial sector is particularly active in shipbuilding and electronic parts.
Agricolture and livestock
The areas used for agricultural use in the Izaki territory are mainly located in the continental zone, especially in the vast western plain and in the prefecture of Dōnpuku.
The northern area, due to the climate, is more suitable for the cultivation of tubers, such as potatoes, apples and other fruit trees, and wheat. By heading towards the south, thus including the few flat areas of the island of Kubori, the climate and the territory become more suitable for rice cultivation. In the southern area of he same island, given the subtropical climate, sugarcane, tea, coffee (experimentally) and tropical fruits are also cultivated. The tamoki is a tropical fruit originally from Kubori island and the main production center is the south-east coast of the island. Every year Kanlisahna hosts the international tamoki fair, where the main producer of this fruit gather and it is possible to taste the different varieties.
Fishery represents another important part of the primary sector. Being mostly surrounded by the sea, Izaland's cuisine also makes an extensive use of fish and seafood. The main products are the green fin tuna, mackerel, adekun and the hinsos, a specie of edible shark. Violet prawns are also a popular dish in the south of Kubori island.
In Izaland meat industry is somehow limited compared to other industrialized countries, since intensive animal farming is forbidden since the "Animal Farming New Ethics Law" (家畜新倫理法, Kachuku Shin-rinlipō) was approved in 1998 by the then minister for the environment Saeki Jurikomai, amid local farmers' protests. For this reason, most of the meat is now artificially produced via the synthetization of proteins, or by the means of soy proteins, of which Izaland is the top exporter. The research in this field has reached very high levels, and either in taste and texture, Izaland's artificial meat is considered a true substitute of real meat, and now accepted and appreciated by people. Of course, a premium meat industry is available, and satisfied by open air animal farms; this, however, makes "real meat" quite expensive in Izaland. Importation of meat is strictly regulated but allowed, and usually only meat coming from organic foreign farms is allowed (although a black market also exists).
Mining and forestry sectors are fairly developed in the eastern coast of Kubori island, where coal, timber and modest quantity of gold are produced. Oil deposit are scarce, although a reserve enough to sustain the 20% of the domestic demand is located off-shore Shikarana.
Industry
Industry in Izaland nowadays has a minor importance compared to a few decades ago, due to the delocalization of heavy industries, however still now it contributes to an important part of its economy.
The main manufacture products include ships and vessels (especially fishing and cruise ones), railway cars and trainsets (mainly produced by Izaki Sharyān and Atron Railcars Manufacture, ARM) and parts for spaceships. Other important productions are semiconductor and screen panels, furniture (Izaland has a strong wooden furniture tradition, using the kamawi (梏) tree wood) and instruments for fishery and sailing (radars, engines etc).
Energy
Izaland in the last years has invested huge amounts of its economic budget in renewable resources, and as of 2020, the 87% of the produced energy comes from them. Blessed by copious amounts of water resources, most of the energy is produced by hydroelectric, photovoltaic and nuclear, and it is distributed by Hwadyen Corporation, the national provider of electricity in the country.
The Izaki government was one of the pioneers in Eastern Uletha in the field of decarbonization, also thanks to the popular awareness carried out by the interventions of the young activist Yūshiki Oridota in the early 2000s.
Nuclear power
Izaland has heavily invested in safe and productive nuclear electric power, and as of 2021 has 9 active plants, one in construction and two currently inactive due to renewals or upgrades.
The totality of the nuclear power plants of Kubori island are located on the western side, where there is a lower risk of calamities and tsunami, compared to the open sea exposed eastern coast.
Shin-Shikarana plant is the most powerful of the country, with a total output capacity of 6,4 Gwe.