Economic activity, development and employment in the Empire of Legoland post 2006

legoland-city-davidium23The economy of the Empire of Legoland is the largest national economy of Panterra Major with industry contributing around 68% of total GDP, services 23%, and agriculture 9%.

The industrial sector is led by heavy industry (the mining of bricks, plates, coal, pearl gold and other precious metals), manufacturing (production of building materials, tyres and automobiles), the minifig slave trade, domestic construction (primarily civil works) and food processing. The railway, aerospace and ship building sectors are targeted as part of the government’s Strategic Development Plan having been identified as areas of national interest and are securing significant investment and growth.

The services sector is spearheaded by the financial services, media and advertising services (television and print), commercial enterprises, transport and the football industry.

Agriculture and fishing accounts for 9% of the Empire’s gross domestic product, however employing nearly 20% of the population it is deemed largely unproductive. The Empire covers just 30% of its nutritional needs with domestic production, sourced for the most part from the Eastern “Grain Basket” region of Castleland and Basicstan. The Empire’s principal agricultural commodities are fish, cattle, chickens, carrots, apples, and berries.

Import and Export Markets

The production of goods, from processed foodstuffs to automobiles, remains largely for domestic consumption. The Empire is a net importer of raw materials (eg bricks and plates) which are used for the most part in government projects. Having satisfied domestic demand for the most part, the trafficking of enslaved minifigs has shifted its focus to export markets and is now the Empire’s number one export and number one source of hard currency.

Current Economy

In 2006 the Legoland economy returned from the Grand Depression to record growth levels that were to peak in 2008. This period of unrestrained growth came to be as a result of massive state investment in the acquisition of raw materials and a consequent construction boom. After the state’s coffers ran dry, a four year long recession ensued devastating the economy throughout 2008 to 2012 and resulting in unprecedented business closures and unemployment.

However, policies instigated by the NBO government in 2012, towards the end of their 6 year tenure, helped the country emerge from the doldrums. Economic growth was recorded in the second half of 2012, the first recorded since 2009, led primarily from the increase in the exportation of slaves to foreign lands.

Black Economy

Organised crime in the Empire is a major issue facing government and society as a whole. The impact on the economy is large with an estimated 15% of GDP generated through or appropriated from the illegal activities of such groups. The Legoland Mafia, or the Mafia, is understood to hold sway over a large portion of the construction industry but is also known to launder stolen assets, counterfeit legal tender and engage in illegal minifig trafficking, arms sales and narcotics.

Companies

The Empire is home to some of Panterra Major’s biggest companies and brand names. Well known groups include Legoda Motors, Legoland Stores, Mr Prints Group, Octan, Network Television Legoland, Telecom Legoland, Canco Drinks, the Bank of Legoland, the Voluntary Bank of Legoland and the Export Company (who have no connection to the Mafia).

Imperialism

Imperial conquests and resulting plunder have been a mainstay of the Empire’s economic development over the years. The conquests of new territories and extraction of local resources, including minifigures for the slave trade, and expansion of the tax-base has periodically boosted the economic power of the Empire.