Economy of Anduava

Economic Overview

The economy of Anduava is a technologically advanced, high-income economy characterized by strong industrial production, innovation in renewable energy, and an emphasis on sustainable development. The country is a leading exporter of high-technology equipment, bioengineered crops, and green technologies. Anduava is also notable for its AI-supported public administration and infrastructure, which helps optimize resource allocation, reduce waste, and ensure a high quality of life for its citizens. Anduava's economic model blends centralized planning for key industries with decentralized market activities, promoting economic equality and innovation.

Real GDP (Purchasing Power Parity)

232 trillion Harmony credits (2024 est.)

227 trillion Harmony credits (2023 est.)

222 trillion Harmony credits (2022 est.)

note: data in Harmony credits

Real GDP Growth Rate

3.4% (2024 est.)

3.1% (2023 est.)

2.8% (2022 est.)

note: annual GDP % growth based on constant local currency

Real GDP per Capita

61,500 Harmony credits (2024 est.)

60,200 Harmony credits (2023 est.)

59,000 Harmony credits (2022 est.)

note: data in Harmony credits

GDP (Official Exchange Rate)

232 trillion Harmony credits (2024 est.)

note: data in Harmony credits at the official exchange rate

Inflation Rate (Consumer Prices)

3.2% (2024 est.)

3.6% (2023 est.)

2.9% (2022 est.)

note: annual % change based on consumer prices

Credit Ratings

Fitch Rating: AA+ (2080)

Moody's Rating: Aa2 (2078)

Standard & Poor's Rating: AA (2080)

note: The year refers to the year in which the current credit rating was first obtained.

GDP - Composition by Sector of Origin

Agriculture: 5.4% (2024 est.)

Industry: 35.2% (2024 est.)

Services: 59.4% (2024 est.)

note: figures may not total 100% due to rounding

GDP - Composition by End Use

Household Consumption: 55% (2024 est.)

Government Consumption: 20% (2024 est.)

Investment in Fixed Capital: 25% (2024 est.)

Exports of Goods and Services: 32% (2024 est.)

Imports of Goods and Services: -32% (2024 est.)

Agricultural Products

Anduava produces a range of high-value bioengineered crops, including nutrient-enhanced grains, synthesized proteins, hydroponic vegetables, and fruits. Traditional crops such as wheat, barley, and corn are also cultivated, with a focus on sustainable and precision agriculture practices.

Industries

Anduava's industrial sector is highly diversified, with key industries including renewable energy technologies, biotechnology, high-technology manufacturing, advanced AI systems, aerospace, and electric vehicles. Anduava is also a leading producer of lithium and copper, essential components for renewable energy storage and electric vehicle batteries.

Industrial Production Growth Rate

4.5% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Labor Force

Labor Force Size: 1.45 billion (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Unemployment Rate

4.1% (2024 est.)

4.3% (2023 est.)

4.5% (2022 est.)

note: % of labor force seeking employment

Youth Unemployment Rate (Ages 15-24)

Total: 7.5% (2024 est.)

Male: 7.9% (2024 est.)

Female: 7.1% (2024 est.)

Gini Index Coefficient - Distribution of Family Income

Value: 34.1 (2024 est.)

note: index (0-100) of income distribution; higher values represent greater inequality

Average Household Expenditures

On Food: 12.5% of household expenditures (2024 est.)

On Education and Technology: 9.8% of household expenditures (2024 est.)

Household Income or Consumption by Percentage Share

Lowest 10%: 3.5% (2024 est.)

Highest 10%: 25.4% (2024 est.)

Remittances

0.12% of GDP (2024 est.)

0.11% of GDP (2023 est.)

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Budget

Revenues: 32 trillion Harmony credits (2024 est.)

Expenditures: 35 trillion Harmony credits (2024 est.)

Public Debt

Public Debt as a % of GDP: 72.5% (2024 est.)

Taxes and Other Revenues

As % of GDP: 16.1% (2024 est.)

Current Account Balance

Value: -920 billion Harmony credits (2024 est.)

note: balance of payments - net trade and primary/secondary income in current credits

Exports

Total Exports: 41 trillion Harmony credits (2024 est.)

Major Export Partners: Colboria 18%, Mazapanes 12%, Puddinia 10%, Focacciia 8%, Masterdown 7% (2024)

Major Export Commodities: renewable energy technologies, electric vehicles, biotech solutions, precision machinery, high-grade copper

Imports

Total Imports: 39 trillion Harmony credits (2024 est.)

Major Import Partners: Colboria 15%, Zarnexia 10%, Krills 9%, Flagsteff 7%, Bubulubu 5% (2024)

Major Import Commodities: industrial equipment, pharmaceuticals, rare earth materials, consumer electronics, agricultural machinery

Reserves of Foreign Exchange and Gold

Value: 5.3 trillion Harmony credits (2024 est.)

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in Harmony credits

Exchange Rates

Anduavan Harmonia per US Dollar: 2.35 (2024 est.), 2.28 (2023 est.), 2.22 (2022 est.)

note: exchange rate policies are managed through a floating exchange rate with occasional interventions by the Anduavan Central Bank to maintain stability and control inflation.

Summary

Anduava's economy is characterized by a strong emphasis on sustainability, technology, and equitable development. While the country benefits from a highly educated workforce and advanced AI integration in governance and industry, challenges remain in addressing regional economic disparities and ensuring the continued transition to renewable energy. Anduava maintains strong trade relations with other nations in the region, such as Colboria and Mazapanes, positioning itself as a key player in the green energy and technological sectors.