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ECONOMY

GDP: 480.63 billion USD
GDP per Capita: 72503.75
GNI per Capita: 65990
Literacy Rate: 99.9%
Life Expectancy: 85.2%
HDI: 0.974
Employment Rate: 86.8%
Unemployment Rate: 2.8%
Poverty Headcount ratio: N/A

Euro

Satisto's economic system operates on the basis of an open market , ensuring that they communicate through foreign exchange with other countries ' economies. That is beneficial for the customers, as it ensures they can choose a superior or cheaper commodity manufactured in another nation instead of trying to select local goods generated within the world. This often enables stronger rivalry between manufacturers, which also contributes to reduced costs and better facilities. The nation often sees a lot of export profits, and customers from other countries will purchase products manufactured in Satisto, which ensures that the businesses earn more money. Satisto is not a full free market economy or a command economy, and operates on a structure of mixed economy. This ensures that much of the corporations and sectors will be transferred to private companies. This is easier to have private companies than to have government-controlled businesses as private firms appear to be more effective, because they have a competitive motive to lower expenses and be creative. Industries ought to be regulated to some degree, though, so that's why Satisto's government controls unnecessarily high rates to avoid market dominance, as well as punishing businesses with harmful externalities (e.g. one that generates a lot of pollution). So most companies will be left alone, but the government guarantees that none of them can dominate the economy, or generate so much noise or other negative externalities.

  

Satisto is member of the European Union, implying that they use the euro as their currency and there are significant advantages that come from participating in the EU, as it is one of the largest trading centers in the world. The European Union has just 7.3 per cent of the world 's citizens, but it constitutes 23 per cent of worldwide aggregate GDP. Being a part of the European Union also has free trade benefits that are helpful to a country like Satisto, which makes a lot of money from the export and import of goods. Satisto 's economy is fairly stable, with low inflation and joblessness.

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Satisto is altogether not a bad land. We can tell from data collected from the Gini coefficient that inequality is very low across Satisto. Satisto's Gini coefficient is 0.25 which is a really strong value. Satisto appears to be among the top few relative to other European countries with just Denmark getting a lower coefficient of 0.24. This demonstrates the Satisto freedom as the product of a strong and knowledgeable economic structure.

Sectors

The service industry (including financial services, tourism, goods distribution, and transportation) is Satisto 's largest contributor to GDP. It creates employment opportunities for 75 % of the population, and constitutes more than 70% of GDP. The second-largest sector is industry, with agro-industries being one of the industry's largest segments. Industry employs 17 percent of the work force and contributes to GDP by over 20 percent. The third largest field is agriculture, which employs 5 percent of the population, and onions, cattle, sugar beets, potatoes, grains and fruits are the key products produced in this industry. Satisto is also doing pretty well in the fishing industry, but it doesn't make that much money off because the government has put overfishing laws in place.

Main Imports/Exports

Exports:
​- Refined/Crude Petroleum 
​- Diamonds 
- Animal Products (Cheese, fish)
​- Manufactured good
- Packaged Medicaments

Imports:
- Cars
- Dairy products
- Refined/Crude Petroleum 
- Computers 
- Metal (Steal, Iron, Copper, etc)

Trading Countries

1. Germany
2. United Kingdom
3. Netherland
4. France
5. Belgium-Luxemberg

Health & Education Statistics

In Satisto the average person's life expectancy is 85.2 years. This is very good, as it is well above the world average and is in the top 20 countries with a person's highest average life expectancy worldwide. The adult literacy rate in Satisto is again very strong, with a figure of 100 percent in the top 20 with the highest national adult literacy rate.

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Taxation

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Satisto is not only one of the most heavily taxed countries in Europe but also in the world. A typical citizen residing in Satisto would spend around $70,000 annually for households each year, minus oil profits or government tax revenue which would then reach $100,000. The first time you get paid, there's no tax required. But whenever you're paid the percentage of tax increases depending on how much money you make. Therefore the government should note the low income earners. This is pretty pricey but this style of living is common to the lifestyle here, not overdoing anything. It is quite easy for someone who's new to this to get used to this way of life. With Satisto being one of the world's most heavily industrialized nations, spending on developing numerous items like roads, manufacturing, and other forms of industry will need a lot of resources for the country.

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