Economy of Girisko
 Coastal Ichinomiya. Ichinomiya is the capital city and financial centre of Girisko | |
| Currency | Yuan (¥) |
|---|---|
| ₵1.00 : ¥6.03 | |
| Calendar year | |
Trade organisations | ROKO, OU, Guishan Commonwealth |
Country group | |
| Statistics | |
| Population |  17,000,020 |
| GDP |
|
| GDP rank | |
GDP growth |
|
GDP per capita |
|
GDP per capita rank | |
GDP by sector |
|
| 3.2% (2024) | |
Population below poverty line |  0.3% |
| 21.4 | |
| 0.920 | |
Labour force |
|
Labour force by occupation | WIP |
| Unemployment | 5% (August 2024) |
Average gross salary | ??? |
| ??? | |
Main industries | WIP |
| External | |
| Exports | WIP |
Export goods | WIP |
Main export partners | WIP |
| Imports | WIP |
Import goods | WIP |
Main import partners | WIP |
FDI stock | WIP |
| WIP | |
Gross external debt | WIP |
| Public finances | |
| WIP | |
| WIP | |
| Revenues | WIP |
| Expenses | WIP |
| Economic aid | WIP |
| WIP | |
Foreign reserves | WIP |
Main data source: CIA World Fact Book All values, unless otherwise stated, are in Quebecshirite Credits (₵). | |
Percentage of Giriskonese GDP by Sector (2024)
The economy of Girisko is a highly developed, mixed market economy, dominated by worker enterprises, characterized by low levels of inequality, generous welfare system, regulation and reduced concentration of top incomes, as well as regulations on free market capitalism to ensure a healthy and productive work environment, which can be attributed to Girisko's highly efficient and strong social security system. The Giriskonese state is highly open to investments and free trade, with a lot of focus is being put on exports, advanced sectors such as manufacturing and technology, and skilled immigration. Girisko is notable for its rapid economic development from an agriculture-based society to an industrialised, high-income country. This economic growth has been described as the Girisko Miracle.
By nominal GDP, the Giriskonese economy is worth 422 billion Credits (2.665 trillion Yuan) and as for GDP per capita, it is worth 26,000 Credits (156,780 Yuan). Additionally, when it comes to purchasing power parity, Girisko has a total GDP (PPP) of 750 billion credits (4.222 trillion Yuan) and a GDP (PPP) per capita of 44,117 credits (266,025 Yuan), ranking as the ???rd country with the largest GDP (PPP) total and the ???rd country with the largest GDP (PPP) per capita respectively.
The Giriskonese economy is very diverse, with contributions by the manufacturing, mining, technology and research, agriculture and service sectors, as well as other smaller sectors. Girisko is one of the most technologically advanced computer microchip and high-tech electronics industries makers in the world, as well as a hotspot of technological research. A large percentage of the population is employed by the public sector, which amounts to roughly 30% of the work force, in areas such as healthcare and higher education. The government provides useful economic advice and predictions through an economic simulation called Synthetic Synergy (SySy), with which companies are able to gain insights on their decisions.
Many strategic companies are either partially or fully state-run or state-owned, like utilities, mail, rail transport, airlines, electrical power industry, fossil fuels and the arms industry. In addition, all businesses opened in Girisko are encouraged to be worker cooperatives.
Contents
History
Data
The following table shows the main economic indicators in 1977–2024. Inflation under 5% is in green.
| Year | GDP
(in Bil. CQS₵ nominal) |
GDP per capita
(in CQS₵ nominal) |
GDP growth
(real) |
GDP growth per capita
(real) |
GDP
(in Bil. CQS₵ (PPP)) |
GDP per capita
(in CQS₵ (PPP)) |
GDP growth
(PPP, real) |
GDP growth per capita
(PPP, real) |
Inflation rate
(in Percent) |
Unemployment
(in Percent) |
Government debt
(in % of GDP) |
|---|
Economy by region
Economic outlook
Economic system
The economic system of Girisko is a highly developed, mixed market economy with dirigeristic characteristics, dominated by worker enterprises and cooperatives and characterized by low levels of inequality, a generous welfare system, regulation and reduced concentration of top incomes, which can be attributed to Girisko's highly efficient and strong social security system, and partial or full state ownership of strategic industries. The Giriskonese economic model emphasizes trade liberalization, foreign investments, and an industrial strategy focused on exports and international trade. Advanced sectors such as manufacturing, research and technology are heavily invested in, and skilled immigration. A large percentage of the highly skilled workforce is employed by the public sector, which amounts to roughly 30% of the work force. In addition, the government provides publicly available economic data and predictions through an economic simulation called Synthetic Synergy (SySy), which is free of charge with which companies are able to gain insights on their decisions. As such, Synthetic Synergy influences a significant proportion of economic activity.
State-owned strategic companies include utilities, mail, rail transport, airlines, electrical power industry, fossil fuels and the arms industry. The government encourages the formation of worker cooperatives over traditional firms. The economic system in Girisko is called the Giriskonese model, and is currently only seen in use in Girisko proper.
Synthetic Synergy (SySy)
Synthetic Synergy (SySy) (合成相乗効果; , Gōsei sōjō-kōka/合相; ゴーソー, Gōsō) is a powerful, continuous economic simulation run by the Giriskonese government that transmits publicly available economic data, information, advice and predictions, free of charge, on production to businesses and corporations, who are able to make their own decisions in light of that advice that they gain by observing the economic simulation.
Sectors
Agriculture
The size of agricultural industries as percentages on the agriculture sector (2024)
Agriculture in Girisko today makes up 10% of the GDP per sector of the Giriskonese economy and covers a large amount of consumption needs of the population. It used to be a large sector in Girisko, which had helped propel the industrial revolution in the nation by providing a stable source of funds for the government. Today, however, it is dwarfed by manufacturing and more advanced sectors.
As much as half of the Giriskonese land area, specifically eastern Girisko, is suitable for farming. As such, much of the farmland is intensely cultivated, with some areas suitable for two and even three crops a year. Agricultural modernization and investment put into new farming methods and green energy has helped increase the agricultural yield of Giriskonese farmlands. The most widely grown crops in Girisko include are rice, wheat, potatoes, betel nuts, cocoa beans, sugar cane, herbs, avocados, bananas, dragon fruit, strawberries, and various other fruits, mushrooms and vegetables. Girisko imports crops that are not produced domestically. The domestic agricultural production is either used domestically or sold internationally.
Dairy production and consumption makes up a sizable portion of agricultural production in Girisko. Girisko largely uses cows and sheep as livestock, mostly for dairy products of dairy products, such as milk, cheese, and more. Pork and other animals are also used as live stock, but in smaller quantities, because of the eating habits of the average Giriskonese people. Poultry, however, and more specifically chickens, are more widely used as livestock because chicken products such as eggs are typically common in the diets of everyday people.
The land in eastern Girisko that can't be easily converted into farmland is typically dominated by forests. Trees in Girisko, with government regulations and replanting plans to stabilize the environment, are cut down to be used as building material for constructions, paper, furniture, such as cabinets and drawers, and foreign exports. Additionally, wood is also sometimes used as fuel during camping.
The fishing industry is much larger than the meat industry. Fishing has always been a rich industry in Girisko, even before the industrial revolution, due to fish being a staple in the diet of the average Giriskonese person. Coastal fishing by small boats, set nets, or breeding techniques account for about one third of the industry's total production, while offshore fishing by medium-sized boats makes up for another one third of the amount of caught fish. Freshwater fishing in rivers and lakes make up almost one third of the industry. Deep-sea fishing from larger vessels makes up the rest.
Among the many species of seafood caught are sardines, skipjack tuna, crab, shrimp, salmon, pollock, squid, clams, mackerel, sea bream, sauries, tuna, tropical fish, trout and eel, catfish, chub, herring, goby, freshwater crustaceans as crabs and crayfish, as well as hundreds of other fish from Giriskonese lakes and rivers. Trout and eel hatcheries and fish farms are also used. Giriskonese fishing vessels are also travelling in international waters. Fish that are caught and brought back to Girisko are either used domestically, or are sold internationally.
Additionally, the winemaking, chocolate, tea, flower industries, as well as various restaurants, are widespread in Girisko and provide large income through exports. However, the fast food industry has been unable to properly develop in Girisko, with large cities being notable exceptions, because of the contrast between the fast food genre and the eating habits of Giriskonese people.
Energy and electricity
Giriskonese energy production per industry in percentage (2024)
Historically, Girisko has been able to avoid spending money on energy imports from other nations thanks to the abundance of natural resources that can be used for energy production, such as fossil fuels. Coal used to be the main fossil fuel used in Giriskonese energy and electricity production, especially in the 19th century, with it accounting for 76% of the total energy production and consumption in Girisko. Other fossil fuels, such as natural gas, which can be seen in large concentrations in northern Kiba, as well as Byо̄bо̄, consisted the rest of the Giriskonese energy production (24%).
The fossil fuel industry, alongside agriculture, were necessary in kickstarting economic growth and in giving a cheap and easily accessible solution to the high energy demands by the population, economy and the various institutions that kept the nation running, as well as being a source of jobs, economic incentives, investment, and exports to the international market, providing new funds. Industrialized methods of energy extraction and coal mining allow for efficient modern energy production.
Investment largely directed towards renewable technologies and renewable energy production due to concerns over environmental issues caused by greenhouse gas emissions by fossil fuels has led to large growth in the industry. Today, renewables are a competent and viable nationwide energy source and market. As of 2024, coal has seen a 50% reduction in usage in energy production, with it nowadays contributing only 26% of the total energy production in Girisko. Coal, while still being extracted in considerable quantities in Girisko, is largely directed towards exports to other countries and the global market instead of domestic consumption. Natural gas consumption for energy production has risen to accounting for 40% of the Giriskonese energy production. Investments in the natural gas industry, natural gas processing, new technologies, and the construction of new processing plants has helped the industry bloom. Natural gas that is not used domestically is, likewise, sold internationally at the most competitive prices possible. Together, fossil fuels account for 66% of the modern energy production in Girisko.
The rest of the 34% of energy production in Girisko is produced by renewables. Hydropower consists of 10% of the renewable energy production, with investment being poured into the construction of dams in many lakes and rivers in Girisko. Wind power consists of another 10% of the renewable energy production. Girisko has been constructing wind turbines, typically in uninhabited territory or in rural plains. Yet another 10% of energy production can be attributed to solar panels. The large manufacturing sector, and specifically, the electrical industry in Girisko has made construction of solar panels domestically economically feasible. The rest of the 4% of renewable energy production is attributed to bioenergy, and more specifically, biofuel. Rotten food and waste that can't be recycled is converted into energy in energy plants.
In total, energy production in Girisko accounts for 3% of the GDP as a sector. The manufacturing, industrial and service sectors are currently the largest energy consumers in Girisko, and as such, a large subsidy of energy production is directed towards these industries. Electricity, energy production and the vital structure related to it are nationalized industries, owned by state-owned enterprises, such as GirGREEN, GiriskoPower, and more, which are in charge of providing free electricity to the population. The Giriskonese energy use per capita is on the rise, due to the growing economy, and as such, even with investment in renewables, carbon dioxide emissions will continue to rise for the foreseeable future.
Mining
Percentage of the size of industries on the mining sector (2024)
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Girisko, thanks to some extent by its many mountains, is rich in natural deposits, mineral deposits and other resources. The rich mineral deposits of Girisko have allowed the country to achieve important domestic manufacturing capabilities while reducing imports. Historically, these mineral deposits have helped Girisko to kickstart economic growth, proving vital in the efforts of the rapid industrialization of the economy thanks to the funds from this sector. These mineral deposits were also highly valued in older times. Copper was widely used during the Bronze Age in the production of copper alloys for tools, weapons and armour, while iron and other finer metals also begun being used in classical Girisko.
As of 2024, the mining sector constitutes 10% of the country's GDP. Girisko is a large producer of Silicon, Silver, Copper, Gold, Mercury, Platinum, Tungsten, Aluminium, rare earth metals, precious metals and stones and especially diamonds, coal, and to a smaller extent, a producer of uranium. Investments in mining technologies and more efficient mining techniques have helped mining bloom as an economic sector.
Today, Silicon makes up 9% of the mining industry in Girisko, being extracted in Honso, and is primarily used in the production of electrical components and semiconductors. Silicon is also exported to other nations for their factories. Copper makes up 10% of the mining industry in Girisko and is primarily extracted in the Shimokawa, Kanemoto, Tendо̄, and Aokita provinces. Copper is used domestically in the production of alloys, household applications such as roofs and doors, pipes, ship components, electrical equipment such as wiring and motors, and in various scientific uses in the form of copper sulfate for water purification and copper compounds for sugar detection.
Aside from domestic use, copper alloys such as bronze are sold for construction and for use in electrical equipment. Gold is actively extracted in the Tantaki province, and takes up 5% of the mining industry. Historically, it was used primarily in the decoration of palaces, jewellery and the minting of coins. While today, it is also used for the minting of coins and jewellery, it is also used in electronic components, primarily for computers, and in medical practices, such as the replacement of teeth.
Platinum takes up 8% of the mining industry, and is primarily mined in the Shо̄tani province. It is used in catalytic converters for vehicles, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and other minor equipment. Most of the platinum produced is also consumed domestically, but surplus platinum is sold to the international market. Mercury takes up 8% of the mining industry, being extracted in the Honso and Shimokawa provinces, and is used in the manufacturing of batteries, fluorescent lights, paints, dental fillings, soaps, and electrical switches. It is not traded internationally in it's extracted form to a considerable extent.
Tungsten occupies 10% of the mining industry, and is extracted in О̄yama, Makigawa and Sо̄yama. Tungsten is mostly used in alloy production due to its contributions in metalworking with its hardness and density, as well as in the production of electrical components, computer chips, vehicle parts, heating elements, field emitters, filaments in light bulbs and military equipment. While not exported in its pure form, alloys with tungsten and other materials that were created with it are exported internationally.
Aluminium, taking up 22% of the mining sector, can be seen in large qualities in much of western Girisko, and is being actively extracted for the manufacturing of consumer and luxury goods like cans, aeroplane components, foils, beer kegs, kitchen utensils and window frames. Rare earth metals and stones (REEs) make up 3% of the mining industry and can be found in much of Girisko, with their largest concentrations being actively extracted in О̄yama, being used for glass, lights, magnets, batteries, catalytic converters, and the production and powering of much of modern technology.
Precious metals, making up 3% of the mining industry, are also found through much of Girisko and are mined in small quantities, with the significant diamond deposit being mined in О̄yama being an exception, due to the deposit being large. They are used as sensors in the steel industry, catalysts for chemical processes, contact materials in the electrical industry and glass coatings, as well as for jewellery and to aid in industrial processes. Both rare earth metals/stones and precious metals/stones are also sold internationally at high prices. Both rare earth metals/stones and precious metals/stones are also sold internationally at high prices.
Coal takes up 20% of the mining industry, and is common through much of Girisko, being actively mined in various places. It is used for domestic energy production in coal plants and everyday use, accounting for 26% of the nation's total energy production, but it is primarily exported to other countries in order to avoid domestic pollution while still making profits off of the extraction of coal. The importance of coal as an energy source in poor to developing countries have led to it being a highly desired product. Lastly, Uranium, which takes up the last 2% of the mining industry, is occasionally extracted in minor quantities, either to be used for medicinal purposes, x-ray technology, or for exports to other countries.
Manufacturing
The Giriskonese manufacturing sector, as of today, accounts for 33% of the total GDP per sector. Historically, industrial, large-scale manufacturing kicked off after the industrial revolution in Girisko made it possible to produce consumer goods and products with automated machinery in factories.
Economic reforms exploited the economic potential of agriculture, mining, and energy in Girisko, highly developing them, and using the funds from economic growth to propel an industrialized manufacturing sector, with the domestic mining industry and foreign trade with other nations making it easier for domestic manufacturing and industrial production to grow. Today, Girisko is a significant manufacturer of consumer goods, luxury goods, various other goods and products, with manufacturing being the largest economic sector in Girisko. Much of the manufacturing in Girisko is powered by domestic energy production.
Giriskonese manufacturing and industry today are very diversified, with a variety of advanced manufacturing industries that are highly successful both domestically and internationally. Popular manufacturing companies in Girisko include MediGO, Mechanica Plus, HomeAndMore, ParaSega Entertainment and many more. Consumer goods and luxury that are produced in Girisko and used domestically or sold internationally at competitive prices include clothing, sporting goods, bicycles, kitchen utensils, foils, beer kegs, cosmetics, fashion goods, cans, paints, soaps, jewellery, household applications and appliances such as roofs and doors, furniture and more.
Additionally, the semiconductor industry as well as the electrical industry are also major manufacturing industries in Girisko. Precious, highly important electronic components and equipment is produced in Girisko. Copper wires and motors, computers and computer parts and chips, catalytic converters, electrical contacts and electrodes, batteries, fluorescent lights, electrical switches, field emitters, solar-powered batteries, LEDs, semiconductor chips and microchips and more are produced in Girisko, used domestically for consumption or resources for other industries, and are also sold internationally to other nations. The semiconductor and electrical industries are the most stable industries in Girisko due to how critical the produced electrical equipment is for modern technology. Solar panels are also manufactured domestically.
Heavy industries such as steel, alloy, and overall heavy manufacturing is also very essential. Metalworking in Girisko is heavily reliant on steel and alloy production. Alloys and steel are forged with tungsten, copper, and other minerals, and are used in things such as construction, ship components, automobiles, pipes, machinery, and a lot of other necessary resources. Alloys and steel that are not used for domestic purposes, are exported internationally for construction and as resources for critical machinery. The alloy industry has allowed the automobile industry to kickstart in Girisko without too many imports for the necessary resources.
Military manufacturing is also a part of the Giriskonese manufacturing sector, with raw materials being directed towards the production of various equipment directed for military use. Such equipment is primarily used in the Giriskonese Armed Forces, but are also sold to nations who are interested in gaining the equipment. The arms industry in Girisko is nationalized and state-run.
Other manufacturing industries include industries that focus on the manufacturing of glass, textiles, lights, glass coatings, aeroplane components, fluorescent lights, medical, technological and laboratory equipment, and more specifically, petrochemicals, pharmaceuticals and more. Such products are used in domestic construction, research, hospitals, and are also sold internationally. Investment in manufacturing by the government and foreign businesses are expected to continue, with the state announcing the goal for manufacturing to exceed more than 60% of the Giriskonese GDP by 2035.
Information technology
The Giriskonese information technology sector is very important and widely spreading through Girisko. It plays considerable role both domestically in Girisko proper and regionally in Ostlandet. Combined with the electrical industry and the research and manufacturing sectors in Girisko, Girisko has become a considerable development hub of central Ostlandet. The structure of the sector in Girisko includes a handful of large worker enterprises at the top along with many small and medium-sized enterprises, which account for 85% of the sector's industrial output. These enterprises spend resources on research and development in advanced technology and digital research. IT in Girisko includes computing, data management and science, research in artificial intelligence, cybersecurity, and more.
Science
Scientific and medical research in Girisko are an important part of the Giriskonese economy, accounting for 25% of the total GDP, with science and technology being one of the largest economic sectors in Girisko.
Today, scientific and medical research is conducted by various domestic research centres and enterprises in Girisko. Biomedicine, biotechnology, and more, are actively funded. Other economical sectors, such as information technology and manufacturing, are reliant on scientific research for research and development. Life sciences are the largest subject that are actively researched in Girisko, accounting for 61% of the sciences funded in Girisko. The health sector is working on the research and development of cures and treatments for various health conditions. Large medical institutes in Girisko include BioStarlex-GRAMFE, GiriskoCross and more.
The government, has heavily directed investment into the creation of large public works, primarily science parks, where a large portion of the nation's research hubs are situated. The most popular one is Star valley, which holds over seven campuses, with over 402 research companies employing 160,000 people there. Star valley is situated in the outskirts of urban Ichinomiya, and is the nation's hub of innovation and Ostlandet's largest technopolis. In addition, the government's ministry of health is also headquartered near the campus. The park is expected to keep growing.
Another large science park is the Etsuzo science park, a place in which a lot of research institutes and public universities have either headquartered themselves, or have set up branches on. Research about optoelectronics, biotechnology, engineering, integrated circuits, physics, astronomy, chemistry, and biology is conducted there. Many other parks are still in development, being supplemented by the manufacturing sector and information technology. Biomedicine and pharmacotherapy are also important industries in Girisko. Research being conducted into various biopharmaceuticals, as well as manufacturing support, has allowed Girisko to become a manufacturer and exporter of pharmaceutical products, vaccines, and more. There are many other smaller to medium-sized research institutes in Girisko focused on specific things, such as new military equipment (which belongs to the arms industry) or astronomical observations.
Improvements in education and academies have been contributing to the rise of scientific and biomedical research in Girisko. Science is seen as a fundamental part of the socio-economic development of the country as well as for national prestige, and it is seen as an increasingly prestigious and well-paying sector for individuals that seek to enter the sector.
Economic research institutes
Service
The size of service industries as percentages on the service sector (2024)
The Giriskonese service sector accounts for 14% (2024) of the total GDP of the economy. Transportation, tourism, consumer internet and telecommunications are all major industries in the service sector, having been growing in influence and size, with investments from other sectors and specifically the manufacturing sector allowing extensive improvements in the quality and quantity of services. Girisko, historically, always had a large tourist industry, both domestic and foreign. Today, tourism accounts for 30% of the service sector. Girisko, on average, is housing somewhere in between 18-22 million foreign tourists annually, with the largest peak ever recorded in 2023, when 25 million tourists had visited the nation during that year alone. Easier visa requirements, softened border regulations and the value of the Yen helps attract many tourists from Ostlandet. Domestic tourism is also important, as several million domestic tourists move around in Girisko annually.
Tourism in Girisko typically peaks during the summer, periods of festivals and national holidays. The most popular tourism destinations in Girisko are Ichinomiya, with 23% of all tourists going there, and other major metropolises such as Hoshisai, Uchijima, Deruta and more, which take another 20% of all tourist influxes. The last 57% of tourists visit the rest of Girisko. Popular attractions include the Tanko temple, the Yasuke shrine and more. The government has announced goals of investment plans into new hotels and museums to attract more foreign tourists, with the projected goal of attracting 35 million tourists annually by 2040. Tourism, in total, is a large economic boom that can give much needed funds to deal with economic issues. While there are environmental concerns related with tourism, such as pollution, the government has announced the desire to pass reforms and regulations to address the issue.
The Giriskonese economy also houses a large consumer internet and mobile industry, and overall a sizable telecommunication industry. Some of the large amount of data generated by internet users in Girisko is highly profitable for digital companies and artificial intelligence technology. it directly helps feed data into Synthetic Synergy. The increasingly growing and diversifying economy have allowed the government to connect large parts of the country by Internet, telephone, telegraph, radio, and television. The country is served by an extensive system of automatic telephone exchanges connected by modern networks of fiber-optic cables, coaxial cables, microwave radio relays, and there is also access to the international satellite system. The nationwide adoption of credit card have led to a boom in online shopping and retail banking. In total, telecommunication accounts for 30% of the service sector.
Mass media, digital platforms and the gaming industry are also important service industries. Both domestic and foreign digital platforms operating in Girisko provide a wide arrange of services, ranging from apps that provide support with website building, video editing, and other more complicated tasks like digital food services and delivery services. Games are also pretty popular in Girisko, both in the form of modern arcades and digital apps. Gaming is especially popular among young people, especially those who live in urban areas. Aside from gaming conglomerates, there are also indie devs and other smaller, side projects. Transportation, real estate and retail are also major service industries in Girisko. Transportation, such as rail transport and airlines, are largely nationalized industries, owned by the government. The government owns its own airline, GiriskoFlightZ, and provides free and accessible public transport by public buses, trains, ships, and planes. In total, consumer internet and the mobile industry account for 20% of the service sector, while transportation services account for 10%. The last 10% of the service sector is made up of tens of smaller service industries, such as wholesale and retail trade, storage, and more minor industries.
Financial services
The Giriskonese financial sector has a range of businesses that deal with money, such as public and private banks, insurance companies and welfare services, foreign exchange services, accounting companies, finance companies, taxation, investment funds, credit companies, and government enterprises and social security, including the central bank. The activities or services within this industry that cater to the economy of the country are called financial services. The Bank of Girisko is the central, national bank, and it's responsible for issuing currency, moderating the economy, implementing monetary policies and helping with crises, in accordance to the commonwealth Bank, the bank of the supranational union, the Guishan commonwealth, which is the one actually responsible for issuing the currency As such, the central bank of Girisko is subservient to the commonwealth bank. In addition, Girisko offers a large and reliable corporate bond market, where companies and corporations issue debt security to raise capital from public or institutional investors, as well as the stock exchange market.
Labour policy
The unemployment rate in August 2024 was 5%. The labour force in Girisko consists of around 12,566,015 people, 47% of whom are women, and is steadily increasing as more people reach the legal age to work, 16, and as the population keeps increasing Births in Girisko are still high, and immigration towards the nation is growing, due to immigration laws being relatively lenient and welcoming. Refugee laws and competitive wages and living conditions are also attracting foreigners.
Union policies
Unions between workers were illegal in Girisko during the early 20th century. However, in the modern times, Giriskonese workers have the right to properly unionize. Workers are allowed to be organized at the companies and in industries, with the capability of multiple unions existing within each company or geographical area. Teachers are also allowed to unionize. The right to strike as well as collective bargaining are a respected worker right.
Employment laws
The legal age for people to do any sort of work, including partial shifts, is 16. The retirement age is 62. The minimum wage, enforced by the law, is 12 credits per hour (8,760 credits per month), which in yuan is 72.4 yuan per hour (52,823 yuan per month). There are many laws and policies to protect employment and worker rights. Businesses can not discriminate between employees, or hire employees, on the basis of colour, gender, sexuality, religion, or ethnicity. General harassment, including harassment due to political bias or political beliefs, is not tolerated. Workers are to be selected based on skills, wits, and education. Business aren't allowed to force workers to work overtime, nor to not give them the deserved breaks and days off, and they are forced to concede with parental leave, sad leave and sick leave.
There are also many other rights meant to protect workers, such as the right to disconnect. In addition, there has to be a period of notice before firing employees, and a respectable severance payment must be provided. Other labour issues are also regulated by the law, including contract, compensations for occupational accidents, etc. Penalties for employer violation are also clear in the law, stating fines and criminal liabilities. The Ministry of labour affairs is the entity holding the responsibility of enforcing these laws.
Working hours
The maximum working hours per week are 26, based on a five-day work week plan. Companies are not allowed to force workers to work overtime. The use of passive-aggressive techniques to make workers work for black money and other illegal practises are met with heavy punishments, with workers being able to easily contact government authorities to report cases of workspace abuse and mistreatment. Companies aren't allowed to enforce part-time workers to work more than 15 hours per week, or to not work in other companies simultaneously. Of course, normal workers can work for under 26 hours per week, and part-time workers can work for more than 15 hours per week, with a maximum cap of 20 hours per week, should they wish. The limit for a day is 7 working hours for full-time employees. The minimum mandatory paid vacation days are 21. If they wish to, corporations are able to offer more covered vacation days. Companies are, however, not allowed to fire or penalize people for taking days off work, or try to find loopholes to take away their entitled vacation rights. Part-time workers, however, can have less mandatory paid vacation days.
Active labour market policies
Active labour market policies were carried out in Girisko in the early 20th century as a result of economic structural changes caused by globalization and industrialization. A set of policies was adopted to help the unemployed and provide jobs. The Employment Insurance Act of 1982 grants income security during unemployment but, at the same time, requires beneficiaries to use all available resources to find jobs.
Foreign investment
Girisko, including but not limited to the stock market and the corporate bond market, has a trade policy of attracting as much foreign and domestic investment as possible to propel economic growth. Foreign businesses, businessmen and other countries are encouraged to invest in Girisko, such as in financing, the corporate bond market, or in manufacturing, and to establish themselves on the nation, providing funds for public works and general economic works and production, with the promises of large profits and economic opportunities in return.
Foreign trade
Government budget and spending
central government spending (2024)
The government budget of Girisko is the financial plan for a fiscal year, which shows what it's resources are, and how they will be generated and used over said period. Government spending in Girisko, meanwhile, which is simply referred to as public spending, is the total budget spent by central government departments and other bodies as authorized by the congress. In other words, the executive sets the budget to the legislature to get it passed, and then the executive manages the day-to-day spending from the budget. This also includes net spending by provinces.
The largest government spending is directed towards welfare, education, science, culture and more.
For the fiscal year 2023-24, the total government budget is expected to be ???, and the total spending is expected to be ???
Taxes
Taxation in Girisko consists of a comprehensive system of direct and indirect taxes. It is a fundamental pillar in the tax system. Today, various personal and corporate income taxes yield around 2/3rds of the total Giriskonese tax revenues, with indirect taxes making up the last part. The provincial personal income tax is a progressive tax while the municipal income tax is a proportional, above a certain income level. Other taxes, such as special taxes, are also included. Taxation is, in the end, directed towards the central government's budget. The Giriskonese tax system is praised for being efficient, easily comprehensible, and carefully designed to avoid loopholes.
Currency
The currency of Girisko is the Yuan, represented by the symbol "¥" and it is the common currency that the member states of the Guishan Commonwealth use. The Bank of Girisko is the central bank, and it's responsible for issuing currency, moderating the economy and helping with crises, in coorelation to the commonwealth bank of the Guishan commonwealth, of which it is subservient to. The Commonwealth Printing Bureau is responsible for printing, and the Commonwealth Minting Company is responsible for minting coins.
Exchange rates
₵1.00 = ¥6.03 (one quebecshire credit is worth six yuan)
See also
- List of banks in Girisko
- List of companies of Girisko
- List of largest worker enterprises in Girisko
- List of metropolitan areas in Girisko
- Made in Girisko
- Yuan
- Minimum wage in Girisko
- Giriskonese Stock Exchange (GSE)
