Economy of Valruzia

The economy of Valruzia is one of the fastest growing economies in Seleya and the whole Terra. Since 4244 and adaptation of new Constitution, Valruzia has pursued a stable and inclusive economic growth and economic evolution which successfully turned the country from an underdeveloped country with the economy based on agriculture into a fast-growing and competitive country with the economy based on services and advanced industry. During the period from 4244 to 4259, the Valruzian economy was growing with an average growth rate of 9-12% annually. The growth of the Valruzian economy in that period is considered as one of the most impressive economic performance in Seleya.

Valruzia is ranked 17th Terra-wide in terms of GDP and is classified as the high-income economy. The largest component of its economy is the service sector which makes up 64.2% of the total economy. It is followed by industry which sums up to 31.9% and agriculture which makes up 3.9%. It quickly became one of the biggest exporters of goods and service provider in Terra. The top Valruzian export products are petroleum, crude oil, natural gas, passenger and cargo vessels, wood (raw and processed), vehicles and furniture.

In 4259, the General Statistics Office reported that the economy growth slowed to ca. 3.5% annually but that result still puts Valruzia way ahead of the rest countries in Seleya.