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Economic Report - Turn 4000 Messages in this topic - RSS

NewsNetwork
NewsNetwork
Posts: 80


11/1/2019
NewsNetwork
NewsNetwork
Posts: 80
The Galactic News Network and the Galactic Economic Commission of Orion are pleased to bring you the first ever galactic economic report. The report is a 3 page document detailing the current state of the economy and includes projections for future growth over the next 4000 turns. The summary of Earth, Mars and Product Markets are shown below. For the full report, please view the PDF file attached to this message.
edited by NewsNetwork on 11/1/2019


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NewsNetwork
NewsNetwork
Posts: 80


11/1/2019
NewsNetwork
NewsNetwork
Posts: 80
Earth
The planet earth has experienced extremely strong growth in population and GDP values, effectively doubling its' GDP from 342 billion to 692 billion between turns 2000 to 4000. Much of this increase is due to the expanded civilian service and end product sectors, with civilian services being the main driving force in the economy over that period, showing an increase from 1,180 manufacturing output in turn 2000, compared to 5,260 in turn 4000. This represents a 445% increase in civilian services over this period. End product manufaturing has seen an increase, growing from 901 output to 2,735 in this same period, showing 303% growth of the end product market segment.

Earth Growth Forecast
GDP growth is forecasted to continue strongly into the next 4000
turns. With cities beginning to exceed populations of 5 million, our
analysts expect to see a strong growth in end product
manufacturing. The growth of the end product market will also
drive an increase in components and raw materials to meet the
manufacturing requirements of the new end product factories, though much of this growth is anticipated to be on other planetary bodies as corporations continue to increase mining extraction operations across the system. Expect to see a continued growth in civilian services as well, though forecasts anticipate that the growth will slow down considerably compared to the previous period.

Population growth is expected to continue at a strong rate, though indications show that the increasing demand for end products may have an effect on the growth rate of cities as corporations adjust to meet the demand of these products. Forecasts expect population growth to continue upward on a linear trend for the upcoming period, with models showing the total population on earth reaching between 110,000,000 and 130,000,000 by turn 8,000. This growth will require a cooresponding increase in production from corporations to meet demand.

Mars
The city of Ninde on Mars is the fastest growing city apart from those located on Earth. Ninde is growing at a slightly slower rate than the earth average, showing a 19.6% increase each week. Though a small population overall, Mars already hosts production facilities for components, end products and civilian services. This strong presence of production gives Mars the highest GDP per capita in the galaxy, with significant exports to the relatively large markets on earth.

Mars Growth Forecast
Growth forecast show Ninde likely reaching 4.5 million population by turn 8000, though the most aggressive prediction models show growth potentially reaching 5.5 million by that time. Our market analysts show this possibility to be very unlikely. GDP growth is expected to slow somewhat compared to the current trends, though analysis suggests a continued growth in line with the increase of population that is projected.

Product Markets
Several markets are experiencing oversaturation as competition among corporations have driven prices to historic lows. Synthetics in particular have been oversupplied, with the planetary demand average at 52.6%. Other oversupplied products include Furnishings at 53.6%, Polymers at 61.3%, and clothing at 65.1%. Several manufacturers have halted production in these sectors until prices rebound.

Two different end products are under supplied at the moment: Industrial
Goods and Vehicles. These two represent the most difficult end products
to produce. Industrial goods have a demand of 90.7% with 280 output
on Earth. Vehicles have a demand of 90.1% and 145 output on earth.
Construction materials are the most undersupplied component, with 96.5%
demand on earth.
edited by NewsNetwork on 11/1/2019
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