Economy of Vamar
From Scandia
The Economy of Vamar is modern and highly industrialised. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. The Vamarian economy has maintained a stable overall GDP growth rate, a low unemployment rate, and high levels of research and capital investment over the past 60 years. Petroleum, timber, iron ore are the main products of the economy and have been a major part of Vamar's foriegn trade. Main industries include motor vehicles, shipbuilding, telecommunications, pharmaceuticals and forestry.
Vamar is based around a free market system but Vamar's government has some control in the economy but rarely gets involved. One of Vamar's main focus is reserch and development and capital investment.
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Industry
The economy of Vamar is based around agriculture and industry. Vamar's economy is an economy based around manufacturing automobiles, hi-tech electronics, aerospace, and other industries. Shipping and fishing are also a major part of the economy of Vamar. Moth Industries is the leading corporation in Vamar and contributes a lot to the economy of Vamar. The UFR of Vamar is rich in mineral resources and fertile farm soil, and it is fortunate to have a moderate climate. It also has extensive coastlines on the Mbalan sea, as well economic presence in the Posodan and Cisteuvian Oceans. Rivers flow from far within the continent, and the inner canals that travel through out Vamar provide additional shipping access. These extensive waterways have helped shape the country's economic growth over the years and helped bind Vamar's 8 individual states together in a single economic unit
Agriculture
Agriculture is a major industry in the UFR of Vamar and the country is a net exporter of food. Vamar's agriculture industry is highly developed and contributes signifigantly to the world's food production.
Oil Industry
The oil industry of Vamar is one of the largest in the world. Vamar has the one the largest reserves of oil and contains a good deal of natural gas, even though it is not as plentiful. It is considered one of the leading exporter of oil in Scandia.
Here is a list of nations who import Vamarian oil.
Space Program
The Space Program of Vamar is world known and is one of the few human launch capable space agencies. VASA also launches forign nation payloads into orbit.
VASA is an agency of the UFR of Vamar, and is responsible for nation's public space program. VASA was established on June 15, 1498, at the dawn of the Space Race, by the Vamar Air and Space Act. VASA is currently is cooperating with KASA in making the Wextik Space Station and the new Space Shuttle.
