Last year Econland’s GDP was US$100 billion, making the economy roughly the size of Puerto Rico or Hungary. Econland is affected by global economic conditions, but it is too small to impact the global...

Last year Econland’s GDP was US$100 billion, making the economy roughly the size of Puerto Rico or Hungary. Econland is affected by global economic conditions, but it is too small to impact the global economy in return. Exports and imports both account for 25% of GDP.

Last year, the world economy did well and Econland experienced solid economic growth (2.4%). Unemployment is low (5%), and inflation (at 2%) and the budget deficit (2.8% of GDP) are under control. Total government debt is 60% of GDP.

The outlook for next year is moderately positive, with the International Monetary Fund (IMF) predicting world economic growth of2.4%. The Consumer Confidence Index is at its long-term average of 100.