Economy of Morieux
Central Business District in Saint-Lô
|13 May – 12 May|
GDP per capita
GDP by sector
|agriculture: 1.7%, industry: 18.7%, services: 79.6.3% (2017 est.)|
GDP by component
|1.25% (May 2017)|
|104.5 million (2017 est.)|
|Unemployment||7.5% (May 2017)|
Average gross salary
|91.5% of GDP (2016)|
Morieux has the world's largest economy by 2016 PPP standards and is a key market economy in Alisna and Leucia. Morieux maintains a capital mixed economy, which is fueled by abundant national resources, well-developed national infrastructure, and high productivity. The Morivaine Écu is the currency most used in international transactions and is one of the world's foremost reserve currencies, backed by its science and technology, its military, and the full faith of the Morivaine government to reimburse its debts, as well as Morieux's central roll in a wide range of international institutions. Its largest trading partners are Questers, Rochehaut, Varnia, and Prekonate.
The energy industry is a key sector for Morieux, helping to develop other manufacturing activities and contributing to economic growth. The most significant sector of the Morivaine economy is the financial and banking sectors. The Saint-Lo Stock Exchange is one of the world's largest stock exchanges by market capitalization and Morieux is a significant recipient of foreign investments.
The Morivaine economy went through an economic downturn during the Great Recession of 2014, with output as late as 2016 still below potential according to the Committee for Economic Security. The economy has recovered in recent years and public debt remains below 100% of GDP.
There are approximately 97 million employed individuals in Morieux. The Morivaine government and attendant state enterprises comprise the largest employment sector at nearly 30 million people employed. However, the private sector employs 80% of Morivaines, with small businesses comprising the largest number of employers and account for more than half of all jobs created in the last decade. Locally owned coops and corporations have also increased their market share over the past few decades.
The economic tenets of Péretism that have dominated political and economic thinking in Morieux since the mid-20th Century resulted in a vibrant labor protection policies and union participation. Morieux is still ranked highly in terms of the ease of hiring or firing workers, but more labor protections have limited the ability of local and state corporations to eliminate jobs and discourage union membership. Benefits also include guaranteed 4 weeks vacation, paid sick days, and paid family leave.