Economy of Escadia (Atlantic Ocean Islands)

The economy of Escadia is a highly developed mixed economy with 10th largest GDP by nominal and 16th largest GDP by PPP in the world. As with other developed nations, the country's economy is dominated by the service industry, which employs about three-quarters of Escadians. Escadia has the world's second-largest offshore petroleum reserves and is the sixth largest exporter of petroleum. It is also the fourth largest exporter of natural gas. Escadia is considered an "energy superpower" due to its abundant natural resources.

Escadia is unusual among developed countries in the importance of the primary sector, with the shipping and oil industries being two of Escadia's most important. Escadia also has a sizable manufacturing sector, based in Central Escadia, with the automobile industry and aircraft industry being especially important. Escadia has the 12th largest commercial fishing and seafood industry in the world. Escadia is one of the global leaders in the entertainment and software industry. It is a member of the G20, OECD, and WTO.

The Escadian economic system generally combines elements of private enterprise and public enterprise. Many aspects of public enterprise, most notably the development of an extensive social welfare system to redress social and economic inequities, were adopted after the end of World War Two.

Escadia has a private to public (Federal) property ratio of 60:40 and one of the highest levels of economic freedom in the world. Today Escadia closely resembles the U.S. in its market-oriented economic system and pattern of production. As of 2017, Escadia has 52 companies in the Forbes Global 2000 list, ranking seventh behind France and ahead of Canada.

Bank of Escadia
The Bank of Escadia, a federal corporation, has the responsibility of Escadia's monetary system. The Bank of Escadia is the sole issuing authority of Escadian banknotes, provides banking services and money management for the government, and loans money to Escadian financial institutions. The Bank of Escadia issues its interest rate announcement through its Monetary Policy Report which is released eight times a year.