About: Economy of Lovia

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The economy of Lovia is the 129th economy of the world. The nominal GDP of Lovia was estimated to be $10.369 billion in 2012, 11.521 billion in Lovian dollars. With a GDP per capita of $45,686 per year and an economy of more than 10 billion dollar, Lovia is considered a first world country. Lovia has a mixed economy, heavy reliant on the tertiary sector. The unemployment rate is one of the lowest in the world, and the economy has grown at a stable rate since the 1950s.

Attributes	Values
rdfs:label	Economy of Lovia
rdfs:comment	The economy of Lovia is the 129th economy of the world. The nominal GDP of Lovia was estimated to be $10.369 billion in 2012, 11.521 billion in Lovian dollars. With a GDP per capita of $45,686 per year and an economy of more than 10 billion dollar, Lovia is considered a first world country. Lovia has a mixed economy, heavy reliant on the tertiary sector. The unemployment rate is one of the lowest in the world, and the economy has grown at a stable rate since the 1950s.
dcterms:subject	General article
dbkwik:nation/prop...iPageUsesTemplate	dbkwik:resource/CX4fI-IJfxVol-wQ6ayrfw== dbkwik:resource/woCGpZePBIjizXO9BOFvrw==
abstract	The economy of Lovia is the 129th economy of the world. The nominal GDP of Lovia was estimated to be $10.369 billion in 2012, 11.521 billion in Lovian dollars. With a GDP per capita of $45,686 per year and an economy of more than 10 billion dollar, Lovia is considered a first world country. Lovia has a mixed economy, heavy reliant on the tertiary sector. The unemployment rate is one of the lowest in the world, and the economy has grown at a stable rate since the 1950s. Lovia is one of the richest countries in the world, with almost no people living below the poverty line. There is a large middle and lower class and a tiny upper class. Lovia has a well-developed infrastructure, high productivity and a small gap between the rich and the poor. A few super-wealthy families and individuals dominate most large companies. This economical elite has owned a large part of the economy for generations, and concerns have risen over monopolies and the excessive wealth of those individuals. It is considered very hard for start-ups to enter this established business world. The International Monetary Fund has expressed its concerns regarding rampant corruption and nepotism in the Lovian upper-class, a rarity in a highly developed western country. Due to an abundance of natural resources, fertile land and an extremely high export surplus, the country has virtually no debt. Luxury products, creative services and the higher segment of consumer goods make up the brunt of the Lovian economy, fueled by high demand from abroad. The high number of diaspora, intellectual refugees and dissidents have created a prospering creative economy.

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