Shireroth

I got bored studying for my economics exams, and wondered, "Hmm, can I put some of what I'm learning into practise for micronations?"

Half an hour fiddling with Excel and several hours fiddling with Access later, here I have it: Summary Economic Data for the Small Commonwealth Economy.

Gini Coefficient/Lorenz Curve
Gini Coefficient for Gralus: 0.25428526
Gini Coefficient for Shireroth: 0.51309508

See Document for full tables

GDP
For the September Quarter (from 05-06-09* to 05-09-09)

Shireroth
Consumption: $14,487.41
Investment: $1,300.00
Government Spending: $46,454.20
Net Exports: $32,818.00
GDP: $95,059.61

Imports: $6,954.00
Exports: $39,772.00

Gralus
Consumption: $24,791.00
Investment: $5,500.00
Government Spending: $92,148.00
Net Exports: -$36,246.00
GDP: $86,193.00

Imports: $40,191.00
Exports: $3,945.00

For the period from of the 19-06-09 to 19-09-09**

Nelaga
Consumption: $0.00
Investment: $0.00
Government Spending: $20,500.00
Net Exports: -$3,400.00
GDP: $17,100.00

Imports: $15,500.00
Exports: $12,100.00

Natopia
Consumption: $0.00
Investment: $0.00
Government Spending: $1,150.00
Net Exports: $1,400.00
GDP: $2550.00

Imports: $0.00
Exports: $1,400.00

For the June Quarter (06-03-09 to 06-06-09)**

Shireroth
Consumption: $70,113.99
Investment: $1,572.44
Government Spending: $40,884.72
Net Exports: $15,281.95
GDP: $127,853.10

Imports: $26,854.83
Exports: $42,136.78

*This date was a couple days after Gralus joined, chosen so as to avoid most of the initial distributions.
**Ditto for Nelaga and Natopia.
***The three months prior to the first period, while Shireroth was the only nation using the bank. Imports are probably all transactions going to me/Nathan who changed our accounts after the bank went international.


Now I've worked it out once, the GDP calculator is totally automated (all I have to do is update the tables). The Gini Coefficient Calculator requires a little more work, but is quick enough to do. We're probably the first micronation to actually be able to generate this data from real transactions, instead of making up little numbers.

For reference:
Consumption = All spending from a certain nation by Private Accounts.
Investment = All spending from a certain nation by Company Accounts.
Government Spending = All spending from a certain nation by Government Accounts.
Imports = All spending from a certain nation destined for any other nation.
Exports = All spending from any other nations destined for a certain nation.
Net Exports = Exports - Imports
GDP = C + I + G + NX

This mostly goes over my head, but good job nonetheless!

not sure whether its a good thing or a bad thing that i completely understood all of that
guess i did learn something in econ...

This is excellent and very interesting, Andreas. Hopefully, we will see Batavia in the next update of this summary.

Where are Andreas' bounties?!

EDIT: If I remember my lessons right, this actually means that the money / welfare of the Gralans is better (more equal) divided between its population?

Yes, Gralus has a more equal distribution of wealth than Shireroth. The Lorenz curve wasn't worth doing for Nelaga or Natopia because they have less than five private citizens registered; and Stormark haven't really got into using the bank yet.

We will see what will happen when Batavia joins.

*Evil laugh*

oh, so im the outlier on gralus, then
everyone ignores the outlier...stupid statistic maths
im so poor

From our statistics, we mostly include the outlier but then comment on how terrible it is, so we shall have to comment on how terrible you are :P

Käthbad jënRöijanin wrote:oh, so im the outlier on gralus, then
everyone ignores the outlier...stupid statistic maths
im so poor

How are you an outlier?

Woot! We have a highly positive balance of trade!

hmmm, i think when i posted that, i was still thinking that i had absolutely no money, which was never true, therefore when you said there was a highly equal distribution of wealth, i would not have been a part of that
but that is all moot and void