The market-based economy of the country of Urantia is the 44th largest in the world in nominal terms, and 32nd largest by purchasing power parity.  According to the IMF, Urantia's economy is the second fastest growing major economy of 2016, with a rate of 7.1. In the decade since 2004, Urantia averaged a GDP growth of 6.5%, that has been largely driven by its exports of ready-made garments, remittances, and the domestic agricultural sector. The country has pursued export-oriented policies, with its key export sectors include textiles, shipbuilding, fish and seafood, jute and leather goods. It has also developed self-sufficient industries in pharmaceuticals, steel and food processing. Urantia's telecommunication industry has witnessed rapid growth over the years, receiving high investment from foreign companies. Urantia also has substantial reserves of natural gas and large deposits of limestone. Urantia is strategically important for the economies of Northeast Salvington, Jerusem and Ovorton, as Urantia's seaports provide maritime access for these landlocked regions and countries. In 2016, per-capita gross national income was estimated at US$3,000. Urantia's HDI  is 0.570.

 

In terms of economic classification, where would you place Urantia?

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Urantias economy suggests that it is a rapidly growing emerging market with a focus on exportoriente... View the full answer