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Just how much does CCP contribute to the economy of Iceland?
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Dinsdale Pirannha
Pirannha Corp
#1 - 2012-03-16 16:36:11 UTC
Iceland pop = 320,000, with a 2011 est GDP of 11.8 billion US dollars.

Iceland was extremely hard hit when the u.s. banks' debt derivative ponzi scheme failed, and the Krona is in such a bad way Iceland is looking at adopting the Euro or the Canadian dollar as its' currency.

CCP brings in a lot of hard currency into the country in Euros and u.s. dollars.

I am really curious what the Icelandic gov't thinks of CCP within the context of supporting the Icelandic economy.
Efraya
V0LTA
OnlyFleets.
#2 - 2012-03-16 16:38:04 UTC
They love it when FanFest is in town.

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THE L0CK
Denying You Access
#3 - 2012-03-16 16:40:37 UTC
We as a nation must rely on this one company to keep us afloat, even if they did recently lay off some employees of their own.....

Do you smell what the Lock's cooking?
Tippia
Sunshine and Lollipops
#4 - 2012-03-16 16:49:07 UTC
Dinsdale Pirannha wrote:
Iceland pop = 320,000, with a 2011 est GDP of 11.8 billion US dollars.
…so less than a twentieth of a percent (375k × $15 = $5.6M).
Signal11th
#5 - 2012-03-16 16:52:48 UTC
Tippia wrote:
Dinsdale Pirannha wrote:
Iceland pop = 320,000, with a 2011 est GDP of 11.8 billion US dollars.
…so less than a twentieth of a percent (375k × $15 = $5.6M).



Dammmn That alot of fish making up the rest then. Blink

God Said "Come Forth and receive eternal life!" I came fifth and won a toaster!
Tippia
Sunshine and Lollipops
#6 - 2012-03-16 16:55:03 UTC
Signal11th wrote:
Dammmn That alot of fish making up the rest then. Blink
…and aluminium.
Velicitia
XS Tech
#7 - 2012-03-16 16:56:08 UTC
Tippia wrote:
Dinsdale Pirannha wrote:
Iceland pop = 320,000, with a 2011 est GDP of 11.8 billion US dollars.
…so less than a twentieth of a percent (375k × $15 = $5.6M).


Thought GDP was yearly? so ... 67,500,000 (375k * 15 * 12) ... or half a percent.

Then again, I suck at this stuff...

One of the bitter points of a good bittervet is the realisation that all those SP don't really do much, and that the newbie is having much more fun with what little he has. - Tippia
Doc Fury
Furious Enterprises
#8 - 2012-03-16 16:58:25 UTC
About tree fiddy.

☼

There's a million angry citizens looking down their tubes..at me.
Vertisce Soritenshi
The Scope
Gallente Federation
#9 - 2012-03-16 16:58:26 UTC  |  Edited by: Vertisce Soritenshi
Um....375k x $15 x 12 = 67.5 million.

Jeez...people post to this thread fast. So yeah its like 1 or 2 percent...still really good for one company.

Bounties for all! https://forums.eveonline.com/default.aspx?g=posts&m=2279821#post2279821
Tippia
Sunshine and Lollipops
#10 - 2012-03-16 17:05:12 UTC
Velicitia wrote:
Thought GDP was yearly? so ... 67,500,000 (375k * 15 * 12) ... or half a percent.

Then again, I suck at this stuff...
…that, or I've used up my thinking quota for the day. Oops

Speaking of which, how many are coming to fanfest? That alone should add another million or three.
THE L0CK
Denying You Access
#11 - 2012-03-16 17:05:40 UTC
Vertisce Soritenshi wrote:
Um....375k x $15 x 12 = 67.5 million.

Jeez...people post to this thread fast. So yeah its like 1 or 2 percent...still really good for one company.


67.5 mil / 11.8 bil = .005 or a half percent. Am I missing something?

Do you smell what the Lock's cooking?
gfldex
#12 - 2012-03-16 17:42:03 UTC
Velicitia wrote:

Thought GDP was yearly? so ... 67,500,000 (375k * 15 * 12) ... or half a percent.

Then again, I suck at this stuff...


If they have bad accountants that money might actually end in Iceland.

If you take all the sand out of the box, only the cat poo will remain.
Dinsdale Pirannha
Pirannha Corp
#13 - 2012-03-16 17:45:14 UTC
THE L0CK wrote:
Vertisce Soritenshi wrote:
Um....375k x $15 x 12 = 67.5 million.

Jeez...people post to this thread fast. So yeah its like 1 or 2 percent...still really good for one company.


67.5 mil / 11.8 bil = .005 or a half percent. Am I missing something?



Yeah, I did the math of 0.5%.
And yes, that does not even factor in Fanfest.

But I am also wondering on the impact of the hard currency it brings in.
GDP includes everything a country produces.

CCP essentially produces a service that I imagine brings in a ton of foreign currency into the country.
Sure, a lot of it then gets paid back out to England. Atlanta, and China, but I would love to see what kind of impact CCP has on the balance of trade for Iceland.

Getting back to the pure revenue of CCP, and making a VERY incorrect assumption that all of its revenue is in U.S. dollars, let's assume CCP's revenue is 0.57% of Iceland's GDP.

Scaling that up to the size of the U.S. economy, that would put CCP's revenue at around 83 billion. That would be on par with corps like Citigroup, Wells Fargo, and Proctor and Gamble.

I guess CCP is indeed a monster within the Icelandic economy.
Vertisce Soritenshi
The Scope
Gallente Federation
#14 - 2012-03-16 18:15:52 UTC
There is also PLEX to consider. Lots of them are blown up or not used for subs but AUR too. HD Streams and Fanfest tickets...

Bounties for all! https://forums.eveonline.com/default.aspx?g=posts&m=2279821#post2279821
Riedle
Brutor Tribe
Minmatar Republic
#15 - 2012-03-16 18:27:01 UTC
Pretty sure Iceland went bankrupt before the 2008 crash in the US. In any case, it had little to do with it.
Gogela
Epic Ganking Time
CODE.
#16 - 2012-03-16 18:40:22 UTC  |  Edited by: Gogela
Given that Iceland is thinking about dropping their own currency for either the Canadian Loony or the Euro and given the state of their economy, I would bet CCPs contribution is rather significant. There's also fish. ...and Bjork, Sigur Rós, and Röyksopp.

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Micheal Dietrich
Kings Gambit Black
#17 - 2012-03-16 18:43:19 UTC
I knew that Iceland's population was pretty small compared to other places in the world but I had no idea that the continent consisted of CCP's headquarters, a US air base, and a fishing dock.

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masternerdguy
Doomheim
#18 - 2012-03-16 18:52:43 UTC
Micheal Dietrich wrote:
I knew that Iceland's population was pretty small compared to other places in the world but I had no idea that the continent consisted of CCP's headquarters, a US air base, and a fishing dock.


They have volcanoes too.

Things are only impossible until they are not.
Tippia
Sunshine and Lollipops
#19 - 2012-03-16 19:24:31 UTC
Gogela wrote:
Given that Iceland is thinking about dropping their own currency for either the Canadian Loony or the Euro and given the state of their economy, I would bet CCPs contribution is rather significant. There's also fish. ...and Bjork, Sigur Rós, and Röyksopp.
…and aluminium.
J3ssica Alba
Federal Navy Academy
Gallente Federation
#20 - 2012-03-16 19:27:19 UTC
First time I heard of Iceland was in Tom Clancy's Red Storm Rising. They got invaded by the Russians. I guess in the end the Russians were promised vast tracts of space in Eve in exchange for Iceland's freedom.

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