20 Oct 2020, 00:31
REITZMIC ECONOMIC DATA UPDATE: October 20 2020
Annual living costs (after tax) as % of income: 12%
Annual average savings as % of income: 39%
Government spending in the economy as % of GDP:49%
EU Economic Data
-
Nation name (short):Union of Duchies
Nation name on NationStates (if different):BrumBrum
Average yearly income (on NationStates):223,993 Brummy Gems per capita(on forum currency)
Annual living costs (after tax) as % of income:37%
Annual average savings as % of income:12%
Government spending in the economy as % of GDP:44$ -
@BrumBrum ,
Added to the list! See the 2020-09-07 Update for your data. -
UPDATE:
Due to increased spending by the Fremetian government since the initial application 18 months ago, the % Government Expenditure in the Fremetian economy has increased from 32.60% to 42.8% of GDP (See: Military Spending Due to UNSR, Railway Nationalisation, Social Program Expansions)
Government spending in the economy as % of GDP: 42.8% -
UPDATE 2020-10-07
Your update from the ECB for October 2020. Continued strong growth from Eastern Haane and the Bundesrepublik Lella. Mennrimiak experienced a notable shrinkage of their economy as their local currency continues to weaken. Average income took a hit across Northern Europe, except in Fremet, where wage stagnation has been prevailing since June. Vayinaod's economy also experienced some belt tightening this past month, tied to a weakening currency and shrinking average income (even by local currency standards). Consistent growth across the board for Europe's top three economies.
@Fremet 's request for changes to their economic variables was accepted after review.
If you have any questions/comments/concerns please direct them to me via Discord, Forum DM, or NS Telegram. :)
-
Nation name (short): Alkharya
Nation name on NationStates (if different): Pontuchel
Average yearly income (on NationStates): 91,593 nils
Annual living costs (after-tax) as % of income: 32%
Annual average savings as % of income: 16%
Government spending in the economy as % of GDP: 30% -
Nation name (short): Austria
Nation name on NationStates (if different): Eastern Haane
Average yearly income (on NationStates): 106,199
Annual living costs (after tax) as % of income: 25%
Annual average savings as % of income: 20%
Government spending in the economy as % of GDP: 53.5% -
UPDATE 2020-10-07B
@Austria & @Alkharya ,
Added to the list! See the 2020-10-07B Update for your data. I've also made the adjustments requested by Austria in moving the source nation for Eastern Haane to Ruined Eastern Haane. All changes are reflected in the 2020-10-07B Update.
If you have any questions/comments/concerns please direct them to me via Discord, Forum DM, or NS Telegram. 🙂
-
REITZMIC ECONOMIC DATA UPDATE: October 20 2020
Annual living costs (after tax) as % of income: 12%
Annual average savings as % of income: 39%
Government spending in the economy as % of GDP:49% -
Nation name (short): Regmotto
Average yearly income (on NationStates):25.7 trillion
Annual living costs (after tax) as % of income:5 %
Annual average savings as % of income:30%
Government spending in the economy as % of GDP:35% -
ECB Update 2021-02-01
Linked above. First of all, sorry that took so long! Life responsibilities got in the way of my duties here (as things do), but I'm back to work on the Econ system. So errrr LOTS of growth all around! Currency valuations remained stagnant as the service we use to run these calculations is depreciated and no longer works with Nationstates. I'm working on a custom solution for us to use, but in the mean time we will keep valuations constant.
A good bit of general housekeeping was done, clearing out nations that have been removed from our map (@bundesrepublik-lella , @Malborya , @New-Zealand , @Noctoria , Eastern Haane, and @Valhalla ).
@Icholasen , @Gallorum , and @Red-Croatia have all CTEd but will remain in the Econ system for the time being.
@Kingdom-of-Reitzmag I've approved one of your changes, the CoL increase to 12%. The other numbers lack proper justification in the context of Reitzmag in RP.
For future economic stat changes, please be sure to provide a reasonable explaination as to why these new figures better represent the current situation in the country in question.
As always, if you have any questions/comments/concerns please direct them to me via Discord (preferred), Forum DM, or NS Telegram.
-
Nation name (short):Eretzora
Nation name on NationStates (if different):Goldecia
Average yearly income (on NationStates):123,254
Annual living costs (after tax) as % of income:39%
Annual average savings as % of income:24.2%
Government spending in the economy as % of GDP:41.1%
Population:29,110,000 -
@BrumBrum I'm sorry but I'm afraid that the ECB will be unable to accept this as submissions must be made by either the nation named in said submission or said nation's puppet master. ((OOC: Submissions have to be made by the individual that is responsible for the respective RP country))
The data itself is acceptable and I'll be happy to process it once @Eretzora verified and submits it themself.
As always, if you have any questions/comments/concerns please direct them to me via Discord (preferred), Forum DM, or NS Telegram.
-
Nation name (short):Eretzora
Nation name on NationStates (if different):Goldecia
Average yearly income (on NationStates):123,254
Annual living costs (after tax) as % of income:39%
Annual average savings as % of income:24.2%
Government spending in the economy as % of GDP:41.1%
Population:29,110,000 -
UPDATE 2020-02-01B
@Eretzora , added to the list! See the link above for your economic data. I've taken into account the custom population listed of 29,110,000 which is less than the potential maximum for your country. Please contact me if this was done in error.
As always, if you have any questions/comments/concerns please direct them to me via Discord (preferred), Forum DM, or NS Telegram.
-
Keep all economic variables as they were from Austria; however, please cap the population at where it is currently.
-
@Syndical-Union Noted, the cap at the posted (2020-02-01B) will be reflected in the next update.
As always, if you have any questions/comments/concerns please direct them to me via Discord (preferred), Forum DM, or NS Telegram.
-
United Duchies ECONOMIC DATA UPDATE: March 8th 2021
Annual living costs (after tax) as % of income: 42.7%
Annual average savings as % of income:11.1%
Government spending in the economy as % of GDP:46.1% -
Nation: Kaitsja
Nation name on NationStates: Vegenda
Average yearly income (on NationStates): 86,520.45
Annual living costs (after tax) as % of income: 30%
Annual average savings as % of income: 27%
Government spending in the economy as % of GDP: 47% -
(OOC: After closer inspection of the Econ rules, I have realized Ruthund's Econ stats are way out of where they should have been allowed. So I wish to change Ruthund's Econ stats to fit within a plausible range and for it to it within the Econ rules. If you have concerns that this might bolster Ruthund's economy or something, know that I have run the numbers and I am doing this knowing that Ruthund's GDP is going to take a hit.)
Nation: Ruthund
Nation name on NationStates: Kalmara
Average yearly income (NS): 148,144.18
Annual Living Costs: 27.42%
GFCI: 24.68%
Government Spending: 47.90% -
ECB Update 2021-04-19
Linked above. Currency evaluations are back with a good bit of shifting back and forth across the board. No noted drops in economic output, but continued wage stagnation in Europe's larger economies. Huge props to @Alkharya for almost doubling their currency evaluation leading to some huge gains on the international stage.
@Icholasen , @Gallorum , and @Red-Croatia have CTEd but will remain in the Econ system for the time being.
@Ruthund statistics changes approved.
@BrumBrum , we require that a brief justification is submitted whenever changes to statistics is made (1-2 sentences).
@Moriagaru , please place all data and forms pertaining to the Econ system in this thread. Furthermore, I am missing some data to complete your workup. Please provide your annual average savings as % of income (GFCI) and government spending in the economy as % of GDP (Govt Consumption) so I can put you in the system. :)
@Kaitsja , Welcome! Your data is in the update linked above. :)
Just a quick reminder: For economic stat changes, please be sure to provide a reasonable explanation as to why these new figures better represent the current situation in the country in question.
As always, if you have any questions/comments/concerns please direct them to me via Discord (preferred), Forum DM, or NS Telegram.
Best, Fremet
Our forums are maintained by volunteers. Consider donating to help us cover our monthly expenses and keep everything up and running
Donate