Economy of Balisca

The economy of Balisca is a advanced free-market economy. It is the fourth-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP) and is the world's third largest developed economy. Balisca is a member of the G20. According to the International Monetary Fund, the country's per capita GDP (PPP) was at $00,000 (2020). The Baliscan economy is forecast quarterly by the Scaramucci Survey that is conducted by Bank of Balisca, the Baliscan Development Bank, and private accounting and business firms such as Cavali and Bach. The Xirau 150 presents the monthly report of top blue chip equities on the Baliscan Exchange Group, which is the world's sixth-largest stock exchange by market capitalisation. In 2019, Balisca was the world's fourth-largest importer and the fourth-largest exporter. It has the world's second-largest foreign-exchange reserves worth $1.3 trillion. It ranks 39th on Ease of doing business index and 12th on the Index of Economic Freedom (earning a 76.8) and 15th on the Global Competitiveness Report. Balisca is also the world's third-largest consumer market as of 2019.

The Baliscan economy largely benefited from drastic market reforms under President Cristoforo Sandoval, establishing a hybrid combination of a free market economy with a welfare state. Balisca subsequently exited its Lost Decade in 2003 the the year in which Balisca’s economic growth topped 4.0% and unemployment fell for the first time; from 12.3% to 11.2%. With the Great Recession, Balisca's economic growth has to a degree slowed, but has largely recovered and shown strong economic growth since 2014.