Economy of Westland

The economy of the Kingdom of Wessex is the eight largest national economy in the world when measured by nominal GDP, and the fourth in Europe following Germany, Great Britain and France.

Wessex was formerly part of the United Kingdom which was the first country to industrialise for its industrial development. and during the 19th century possessed a dominant role in the global economy. Wessex has inherited the United Kingdom's industrialised economy, with some of the UK's major industrial centres, such as Bristol, Southampton and Portsmouth.

Currently, Wessex's economy is based on the Tertiary and Quaternary Sectors, however, Wessex also has a relatively small, but substantial agricultural base, after the region's natural resources exhausted during the Industrial Revolution, particularly Cornwall's Tin reserves.

Wessex's aerospace industry is the third largest in the world, and its pharmaceutical and Research & Development is substantially large, and plays a big role in supporting Wessex's quarternary sector. Wessex's economy is boosted by the Falkland's oil and gas reserves, which are currently being extensively researched, however strict restrictions have been imposed to regulate and conserve the reserves for when the worlds resources begin to dwindle.