Chapter 109: Karin Uzumaki
1.7 million ryō is what he currently had in his possession. He would have had more, but he consistently profits by buying the things he needs, not the things he wants.
This, of course, was not accounting his funds as the shadow feudal lord. One would be awestruck to understand how much money Arthur technically owned in the position.
The country's gross domestic product (or GDP) is a staggering 1.1 trillion ryō. This number isn't the amount of money in his country's possession, but the number measured from the total value of all goods and services produced within his country's borders.
That number was significant, yes, but it was only third in the world's economy—the first two being the Fire Country and Lightning Country.
However, if given enough time, Arthur's Water Country would surpass those rival countries. That was assuming he didn't face any setbacks, such as a war breaking out too early.
Regardless, his country's GDP was growing at about twenty five percent annually. A number like that was insane for a country's economies!
This was due to his sound fiscal policy and his sustainable development in both his country and in the land that was recently acquired by his neighbours.
By handling his government's approach to managing its spending and revenue, he maintained a balanced budget to reduce the country's debt. By eliminating central banks, he put the money supply back to the country, which helped reduce interest rates and prevented inflation.
By emphasizing the citizen's needs, he showed potential for their future generations. By spreading investments across various assets, he helped reduce saving risks. By introducing new ideas and services that were behind times, he improved production efficiency. And lastly, by reducing barriers to international trade, such as tariffs and quotas, he lowered the competition.
All of this indicated a positive outlook for his country's economic health and growth.
While the money he personally owns acts as financial liquidity, he's spent a lot of it on tools like kunai or shuriken to ensure that he's always prepared for battle.