What is their economy like?
Bergnasjion has a mixed market economy, meaning that it will have characteristic of both capitalism and socialism. This economic system allows a certain level of economic freedom in the use of capital, and will allow governments to interfere in economic activities to accomplish certain social aims.
GDP: 440.45 billion USD
GDP per Capita: 62503.75
GNI per Capita: 55990
Literacy Rate: 99.9%
Life Expectancy: 85.5%
HDI: 0.874
Employment Rate: 73.8%
Unemployment Rate: 4.8%
Poverty Headcount ratio: N/A
GDP: 440.45 billion USD
GDP per Capita: 62503.75
GNI per Capita: 55990
Literacy Rate: 99.9%
Life Expectancy: 85.5%
HDI: 0.874
Employment Rate: 73.8%
Unemployment Rate: 4.8%
Poverty Headcount ratio: N/A
how does bergnasjion mainly make their money
Bergnasjion economic growth was mainly sustained by the natural resources that Bergnasjion has to offer. With a great abundance of different sources such as crude petroleum, petroleum gas, fisheries and raw metals, they have been able to boost the economy of Bergnasjion making it have one of the most high standards of living in Europe and having a robust, unified welfare system. Bergnasjion has many different terrains and habitats, each with a variety of products and natural resources which are so well valued in the world but are mainly made here in Bergnasjion. Selling these many resources will allow Bergnasjion to gain their wealth and this the main reason why they are so prosperous.
Here are some of the main products which are exported from Bergnasjion:
1. 31%(Crude petroleum)
2. 22% (Petroleum gas)
3. 4.4% (Refined petroleum)
4. 3.5% (Non-fillet fresh fish)
5. 2.4% (Raw aluminium)
Rest: 36.7%
Here are some of the main countries which products are exported to from Bergnasjion:
1. Germany
2. United Kingdom
3. Netherland
4. France
5. Belgium-Luxemberg
Bergnasjion is a not a poor country at all. From data collected from the Gini coefficient, we can tell that the inequality throughout Bergnasjion is very low. The Gini coefficient of Bergnasjion is 0.25, which is a very good score. Compared to most European countries, Bergnasjion looks to be in the top few with only Denmark having a lower coefficient of 0.24. This shows the equality in Bergnasjion as an outcome of a good and smart economical system.
Here are some of the main products which are exported from Bergnasjion:
1. 31%(Crude petroleum)
2. 22% (Petroleum gas)
3. 4.4% (Refined petroleum)
4. 3.5% (Non-fillet fresh fish)
5. 2.4% (Raw aluminium)
Rest: 36.7%
Here are some of the main countries which products are exported to from Bergnasjion:
1. Germany
2. United Kingdom
3. Netherland
4. France
5. Belgium-Luxemberg
Bergnasjion is a not a poor country at all. From data collected from the Gini coefficient, we can tell that the inequality throughout Bergnasjion is very low. The Gini coefficient of Bergnasjion is 0.25, which is a very good score. Compared to most European countries, Bergnasjion looks to be in the top few with only Denmark having a lower coefficient of 0.24. This shows the equality in Bergnasjion as an outcome of a good and smart economical system.
Health and education statistics
In Bergnasjion, the average life expectancy for a person is 81.7 years. This is very good as it is way above the world average and is in the top 20 countries with the highest average life expectancy of a person in the world. The adult literacy rate in Bergnasjion is again very high and in the top 20 for highest average adult literacy rate with a percentage of 100%. This means that every single person will be given a full education, resulting in the country being one of the richest in Europe. Here in Bergnasjion, we require every student to have 12 years of school. Compared to most countries, this is a much larger amount of years, however, compared to most countries, Bergnasjion's educational system is one of the best in the world. It is made in such a way that students are able to achieve the best they possibly can without being to harsh as seen in schools in other countries. A large survey was taken around most states of Bergnasjion for those who had transferred to Bergnasjion from another country and comparing the educational systems that they were in, which they prefer and in which system do you get out the most without much stress. We found out that the system in Bergnasjion is a lot less stricter and demanding, however over the 12 years of education, you will get the most out of it. 96% of students preferred this schooling system to the school system that they have used in previous countries. The education expenditure is 9% which is one of the largest. With great schooling comes a price and this is a price most people would think is worth it.
Taxation
Bergnasjion is one of the most heavily taxed countries not only in Europe but in the world. An average person living in Bergnasjion will pay around $70,000 per year for household per year, not including oil income or government tax revenue which will then exceed $100,000. When you get payed the first time, there is no tax required. But every time you are payed, the tax percentage increases depending on how much money you make. This way the government is able to notice the low income earners. Yes, it is quite expensive, but the culture here is used to this way of life, not overdoing things. It is quite easy to get used to this way of life for someone who is new to this. With Bergnasjion being one of the most highly developed countries in the world, it would require a lot more money for the government to spend on building different things like infrasturcture, factories and other types of industries.