Economy of Calaré

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Economy of Calaré
CurrencyCA₡ (CAC)
July 1st - June 30th
Trade organisations
AAPS, ASEAN, APEC, IMF, WTO
Statistics
GDP$836.938 billion 2020 estimate
GDP growth
1.87%
GDP per capita
$69,829 2020 estimate
GDP by sector
Agriculture 3.11%
Mining 14.7%
Industry 25.4%
Services 56.79%
GDP by component
bbb
1.3%(CPI)
Population below poverty line
11.7%
33.9
Labour force
5.460 million
Labour force by occupation
Agriculture 3.4%
Industry 21.3%
Services 75%
Unemployment4.9% (June 2012)
Average gross salary
C₡100,000
C₡57,260
Main industries
mining, education and transport, equipment, food processing, chemicals and steel, agriculture, fishing, brewing, wine and tourism, banking, high tech manufacturing, energy and defence manufacturing
18th (2011)
External
Exports$223.803 billion
(C₡472.657 billion)
Export goods
coal, gold, silver, lead, zinc, nickel and cobalt, cement, steel, machinery, transport equipment and defence material, energy, wheat, wool, cotton, wine, meat and fruit
Main export partners
Australia, New Zealand, Singapore, Arcacia, Asgard, Ascadylea, Atlantic Federation, Cattala, Hiigara, Illu'a, Killorglin, Lower Columbia and Shushtrepistaz
Imports$84.903 billion
(C₡179.310 billion)
Import goods
machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products
Main import partners
China, Australia, New Zealand, Singapore, Arcacia, Ascadylea, Atlantic Federation, Cattala, Hiigara, Illu'a, Lower Columbia and Shushtrepistaz
FDI stock
$119.144 billion
(C₡251.624 billion)
$391.563 billion
(C₡826.955 billion)
Public finances
4% of GDP
RevenuesC₡194.830 billion
ExpensesC₡188.130 billion
Economic aidDonor: ODA $2.7 billion
Standard & Poor's:
AA (Domestic)
AA (Foreign)
AA (T&C Assessment)
Outlook: Stable
Moody's:
Aa
Outlook: Stable
Fitch:
AA
Outlook: Stable
$17.925 billion

All values, unless otherwise stated, are in US dollars.

The economy of Calaré is one of the fastest developing, modern market economies in the world, with a GDP of approximately US$818 billion. Calaré's total wealth is US$3.451 trillion dollars. In 2011, it was the 18th largest national economy by nominal GDP and the 28th largest measured by PPP adjusted GDP, representing about 1.48% of the World economy. Calaré was also ranked the 34th largest importer and 24th largest exporter. Calaré has 4 times more adults earning over US$100 000 than the worldwide average. In 2011 the average middle aged adult had a net worth of over US$350 000, making Calaréanns per capita some of the wealthiest people in the world.

The Calaréann Crown is the national currency. The Calaréann Stock Exchange is the 3rd largest exchange in the Australasian region, located in Wollongong. Local, regional and major international stocks can be traded on the Exchange, with the CSX reaping the benefits of a regional partnership with the Singapore Stock Exchange.

Historically, Calaré's economy before independence revolved around agriculture, manufacturing and mining and was more geared toward the domestic Australian market. In the last 12 years, the focus has greatly shifted towards more high tech manufacturing, defence manufacturing, banking, energy and tourism an is increasingly an export driven market.