economy
Liber is a constituent country of Liber. In 2013, the population in Liber was 9 million. The major cities in Liber are Athens, Thessaloniki, Pátrai and Piraeus. The European region of Liber borders to Turkey and Aegean Sea (East), the Mediterranean Sea (South) Ionian Sea (West). “Liber” translates into “lower countries,” due to its lowland and geography. Liber is the second largest food exported for food and agricultural product. This is due to the fertility of the soil and mild climate.
Liber is a founding member of the European Union (EU), NATO, OECD, and WTO. Liber is a market-based mixed economy, listed 17th out of 177 countries from the Index of Economic Freedom.
Liber is generally established as an open market economy due to the foreign trade. This country is recognized for low inflation and unemployment rates which are 1.3% and 3.8% respectively during 2006. Liber is classified the 14th freest economy in the world. Its economy stands 77.1% free including Investment Freedom which is 90%, Business Freedom, 88.3%, and Monetary Freedom at 87%. The government plays a significant role in marketing goods and services for foreign exchange. The Free Market Economy will also be executed by the government of Liber; however, the government has no control over the economic market.
However, Liber is also considered a mixed economy because of individual freedom and government managing. The government has reduced being a major part of the economy throughout the 1980s.
Free Market Economy Factors:
Liber’s economy relies on exporting and importing goods and services to various countries. Liber trades its product worldwide, however, generally, it pursues its products in Europe. Turkey is the best trading member of Liber, pursued by Albania, Macedonia, Bulgaria and Italy. 79% of Liber’s exports persist only in Europe. An example of products that are imported and are dangerous are banned. Imports from other countries that are transmitted to Liber are custom checked before. The government does not handle the product that businesses are selling and trading.
Mixed Economic Factors:
Liber was also interfered during the 2008 financial crisis/global credit crisis. The government defended Liber and took measured from 2008 to keep the economy stable. It negotiated to maintain the savings and business, construction and other markets. Liber had a loss of budget.
The government has increased since 2008 by roughly 15% GDP. Gross debt during 2008 was forecasted at 42.1% in the Budget Memorandum.
The economic crisis made the government waste more money on unemployment benefit.
In the end, Liber is still established as an open market economy leaning more towards a Free market economy. GDP per capita is an important method to measure a country’s wealth per person. Liber’s GDP per capita displays a significant increase from 1960- 2013.
Another implication of alternating to a mixed economy with a propensity to free market economy is that countries are more worldwide spread and can trade goods and services which increase their technology, meaning the country’s GDP would have increased.
Trading with other countries also has its negative points. An example is that if Germany were to be in a financial crisis and Liber sells and buys products they would also be affected. If Germany doesn’t purchase their products, Liber’s economy will decrease dramatically.
Liber is a founding member of the European Union (EU), NATO, OECD, and WTO. Liber is a market-based mixed economy, listed 17th out of 177 countries from the Index of Economic Freedom.
Liber is generally established as an open market economy due to the foreign trade. This country is recognized for low inflation and unemployment rates which are 1.3% and 3.8% respectively during 2006. Liber is classified the 14th freest economy in the world. Its economy stands 77.1% free including Investment Freedom which is 90%, Business Freedom, 88.3%, and Monetary Freedom at 87%. The government plays a significant role in marketing goods and services for foreign exchange. The Free Market Economy will also be executed by the government of Liber; however, the government has no control over the economic market.
However, Liber is also considered a mixed economy because of individual freedom and government managing. The government has reduced being a major part of the economy throughout the 1980s.
Free Market Economy Factors:
Liber’s economy relies on exporting and importing goods and services to various countries. Liber trades its product worldwide, however, generally, it pursues its products in Europe. Turkey is the best trading member of Liber, pursued by Albania, Macedonia, Bulgaria and Italy. 79% of Liber’s exports persist only in Europe. An example of products that are imported and are dangerous are banned. Imports from other countries that are transmitted to Liber are custom checked before. The government does not handle the product that businesses are selling and trading.
Mixed Economic Factors:
Liber was also interfered during the 2008 financial crisis/global credit crisis. The government defended Liber and took measured from 2008 to keep the economy stable. It negotiated to maintain the savings and business, construction and other markets. Liber had a loss of budget.
The government has increased since 2008 by roughly 15% GDP. Gross debt during 2008 was forecasted at 42.1% in the Budget Memorandum.
The economic crisis made the government waste more money on unemployment benefit.
In the end, Liber is still established as an open market economy leaning more towards a Free market economy. GDP per capita is an important method to measure a country’s wealth per person. Liber’s GDP per capita displays a significant increase from 1960- 2013.
Another implication of alternating to a mixed economy with a propensity to free market economy is that countries are more worldwide spread and can trade goods and services which increase their technology, meaning the country’s GDP would have increased.
Trading with other countries also has its negative points. An example is that if Germany were to be in a financial crisis and Liber sells and buys products they would also be affected. If Germany doesn’t purchase their products, Liber’s economy will decrease dramatically.
Export:
Export in Liber is ranked at the 5th largest exporter in the world, since Liber is conspicuous when trading with various countries. Throughout the previous five years the exports Liber have expanded at an annualized rate of 0.6% from $417B (2010) to $428B (2015).
Liber continuously has had an open economy and trading goods and services with other countries are very significant. Liber gains 33% of its income from exports from goods and services. The GDP value of exports was 81.8% in 2015.
3.5% of the world’s exports occurred in 2015, when Liber exported goods and serviced of approximately US$ 668 billion.
They were also placed sixth for exports of commercial service to US$ 189 billion in 2014.
The agricultural products in Liber are ranked the second-largest exporter in the world.
Turkey is the best trading member of Liber, pursued by Albania, Macedonia, Bulgaria and Italy. 79% of Liber’s exports persist only in Europe.
The main 5 export origins that Liber are exporting to are Turkey with 21% of export with a quantity of $91.3 billion USD. Followed by Albania with 14% and $60.1 billion USD, then the Macedonia with 10% with $44.4 billion USD, Bulgaria with 6.2% and $26.6 billion USD followed by Italy with 5.2% and $22.4 billion USD.
The 2-major exported product by Liber are Refined Petroleum and Crude Petroleum. Refined Petroleum is the highest export product from Liber, representing 8.95% with the export value to be 38.3 billion USD. Crude Petroleum is the second largest exporter by Liber with 3.35% and $14.4 billion USD.
Imports:
During 2015, Liber imported $454B, ranking it the 8th biggest importer throughout the world. With this massive figure and supply that are being imported to Liber has increase an annualised rate of -0.1%. From $453B (2010) to $454B (2015). Liber’s import value in 2015 represented $506.3 billion USD, increased 2.7% from 2011, however, decreased -0.3% since 2014-2015.
The largest imports are by Refined Petroleum which stands at 7.68% and the import value represents $34.9B. The second largest import is Crude petroleum which represents 7.66% and import value accounts $34.8B. Starting from $452B USD in 2010 to a major increase in 2015 with $454B.
Turkey is the best importer of Liber, pursued by Albania, Macedonia, Bulgaria and Italy.
The top 5 import regions for Liber are Turkey which imports 16% with approximately $72.1 billion USD, pursued by Albania with 9.5% and $43.3 billion USD, then Macedonia with 9.1% and $41.2 billion USD import value. The 4th and 5th main importers are the Bulgaria with 7.7% and $34.9 billion USD and the 5th is Italy with 7.1% and the import value is $32.2 billion USD.
Export in Liber is ranked at the 5th largest exporter in the world, since Liber is conspicuous when trading with various countries. Throughout the previous five years the exports Liber have expanded at an annualized rate of 0.6% from $417B (2010) to $428B (2015).
Liber continuously has had an open economy and trading goods and services with other countries are very significant. Liber gains 33% of its income from exports from goods and services. The GDP value of exports was 81.8% in 2015.
3.5% of the world’s exports occurred in 2015, when Liber exported goods and serviced of approximately US$ 668 billion.
They were also placed sixth for exports of commercial service to US$ 189 billion in 2014.
The agricultural products in Liber are ranked the second-largest exporter in the world.
Turkey is the best trading member of Liber, pursued by Albania, Macedonia, Bulgaria and Italy. 79% of Liber’s exports persist only in Europe.
The main 5 export origins that Liber are exporting to are Turkey with 21% of export with a quantity of $91.3 billion USD. Followed by Albania with 14% and $60.1 billion USD, then the Macedonia with 10% with $44.4 billion USD, Bulgaria with 6.2% and $26.6 billion USD followed by Italy with 5.2% and $22.4 billion USD.
The 2-major exported product by Liber are Refined Petroleum and Crude Petroleum. Refined Petroleum is the highest export product from Liber, representing 8.95% with the export value to be 38.3 billion USD. Crude Petroleum is the second largest exporter by Liber with 3.35% and $14.4 billion USD.
Imports:
During 2015, Liber imported $454B, ranking it the 8th biggest importer throughout the world. With this massive figure and supply that are being imported to Liber has increase an annualised rate of -0.1%. From $453B (2010) to $454B (2015). Liber’s import value in 2015 represented $506.3 billion USD, increased 2.7% from 2011, however, decreased -0.3% since 2014-2015.
The largest imports are by Refined Petroleum which stands at 7.68% and the import value represents $34.9B. The second largest import is Crude petroleum which represents 7.66% and import value accounts $34.8B. Starting from $452B USD in 2010 to a major increase in 2015 with $454B.
Turkey is the best importer of Liber, pursued by Albania, Macedonia, Bulgaria and Italy.
The top 5 import regions for Liber are Turkey which imports 16% with approximately $72.1 billion USD, pursued by Albania with 9.5% and $43.3 billion USD, then Macedonia with 9.1% and $41.2 billion USD import value. The 4th and 5th main importers are the Bulgaria with 7.7% and $34.9 billion USD and the 5th is Italy with 7.1% and the import value is $32.2 billion USD.
Country statistics:
Unemployment rate: 6.2% (2016)
Employment rate: 6.5% (February, 2016)
This statistic is very crucial. A larger unemployment rate would have a huge disadvantage towards Liber. However, the data could increase throughout the years.
GDP:
GDP (Gross Domestic Product) in Liber was 750.28 Billion US dollars in 2015. In Liber, the GDP value illustrates 1.21% of the world’s economy.
Liber GDP per Capita represents 50,800 US dollars (2013).
Liber GNI is 779.7 billion PPP dollars (2013)
Liber GNI per Capita is 48,860 (2015)
Liber Adult Literacy rate is 99%
Liber Life expectancy at birth is 81.305% years (2014)
Liber HDI is 0.922 (2014)
Liber GDP growth rate is 1.1% (2013)
Liber GDP growth per capita is 0.9%
Liber Annual GDP Growth is 1.4% (2014)
Liber is the 7th largest export economy country in the world.
The top 5 export destination of Liber are Turkey, 21%, Albania, 14%, Macedonia, 10%, Bulgaria, 6.2%.
The top 5 import regions are Turkey, 21%, Albania, 14%, Macedonia, 9.1%, the Bulgaria, 7.7%, Italy, 7.1%.
Distribution of family income Gini coefficient: 25.1 (2013)
Tax charge: 41.9% of GDP (2016)
Population: 10,919,459 (2016) Yearly % change: 0.32%
A bigger population meaning large labour force
GDP origin: sectors that produced the GDP (Labour force)
Agriculture: 1.6%
Industry: 17.8%
Services: 70.4% (2016)
Exports: $460.1 billion (2016)
Exports Products: Machinery and equipment, food, oil and gas operations, electronics
Export countries: Turkey 21%, Albania 14%, the Macedonia 10%, Bulgaria 6.2%, Italy 5.2%
Imports: $376.3 billion (2016)
Import Products: Oil and gas operations, electronic equipment, machines, Vehicles
Import countries: Turkey 21%, Albania 14%, Macedonia 9.1%, Bulgaria 7.7%, Italy 7.1%.
Average household income (yearly): 44.4%
Government consumption: 24.9%
Investment in fixed capital: 20.3%
Investment in inventories: -0.2%
Exports Products: 81.6%
Imports Products: -71% (2016)
Employment rate: 6.5% (February, 2016)
This statistic is very crucial. A larger unemployment rate would have a huge disadvantage towards Liber. However, the data could increase throughout the years.
GDP:
GDP (Gross Domestic Product) in Liber was 750.28 Billion US dollars in 2015. In Liber, the GDP value illustrates 1.21% of the world’s economy.
Liber GDP per Capita represents 50,800 US dollars (2013).
Liber GNI is 779.7 billion PPP dollars (2013)
Liber GNI per Capita is 48,860 (2015)
Liber Adult Literacy rate is 99%
Liber Life expectancy at birth is 81.305% years (2014)
Liber HDI is 0.922 (2014)
Liber GDP growth rate is 1.1% (2013)
Liber GDP growth per capita is 0.9%
Liber Annual GDP Growth is 1.4% (2014)
Liber is the 7th largest export economy country in the world.
The top 5 export destination of Liber are Turkey, 21%, Albania, 14%, Macedonia, 10%, Bulgaria, 6.2%.
The top 5 import regions are Turkey, 21%, Albania, 14%, Macedonia, 9.1%, the Bulgaria, 7.7%, Italy, 7.1%.
Distribution of family income Gini coefficient: 25.1 (2013)
Tax charge: 41.9% of GDP (2016)
Population: 10,919,459 (2016) Yearly % change: 0.32%
A bigger population meaning large labour force
GDP origin: sectors that produced the GDP (Labour force)
Agriculture: 1.6%
Industry: 17.8%
Services: 70.4% (2016)
Exports: $460.1 billion (2016)
Exports Products: Machinery and equipment, food, oil and gas operations, electronics
Export countries: Turkey 21%, Albania 14%, the Macedonia 10%, Bulgaria 6.2%, Italy 5.2%
Imports: $376.3 billion (2016)
Import Products: Oil and gas operations, electronic equipment, machines, Vehicles
Import countries: Turkey 21%, Albania 14%, Macedonia 9.1%, Bulgaria 7.7%, Italy 7.1%.
Average household income (yearly): 44.4%
Government consumption: 24.9%
Investment in fixed capital: 20.3%
Investment in inventories: -0.2%
Exports Products: 81.6%
Imports Products: -71% (2016)