Economy in the World of Avatar

All four nations in the world of Avatar have, or previously had, developed economic systems. Of those four, the Earth Kingdom and the Fire Nation had developed sophisticated and advanced economic systems to facilitate and supplement their daily life. The Air Nomads and the Water Tribe however utilized smaller systems based on subsistence, and made less impact on their surroundings.

Most nations also developed basic currency based on precious metals. The currency of most nations could be used in other nations, though several villages do not observe this.

Air Nomads
The Air Nomads had what was most likely the smallest economy in the world. As nomads, the Airbenders were never seen to have established any fully-fledged economic system. It is most likely that Air Nomads practiced subsistence agriculture, the practice of growing enough food and making enough objects to sustain their own survival without the need to trade with others.

Water Tribe


The Water Tribe economy is small, and primarily focused on sustaining the survival of the Tribe. Trade with the other nations is rare, as the Water Tribe did not have many objects available for the purpose. The Water Tribe is thus most likely to also practice subsistence, using the resources around them to facilitate their daily life.

The Water Tribes inherently are dependent on the oceans for a majority of their natural resources and well as the bounty of the frozen tundra. sea prunes are a favorite, while giant sea crabs are considered a delicious delicacy to those in the Northern Sea. Squid and seaweed can be used to make a wide variety of dishes, including soup, seasoning, and even bread and cookies. Skins from seals are used to create tents, while pelts from polar bears and other furry animals are used as clothing and to cover barren surfaces. Naturally, hunters and fishermen of the Water Tribes are some of the best in the world in their field.

One of the most prevalent natural resources of the Northern Water Tribe is ice. Ice is used as the main building material used to make buildings, walls, dikes, locks, and other structures, as it is the medium of bending. Ice bending is their primary form of construction.

The Water Tribe does have a form of currency, commonly referred to as Water Tribe Money by other nations.

Earth Kingdom


The Earth Kingdom has a vast economy primarily based on agriculture, but incorporating significant industrial elements as well. The fishing and mining are important activities for the economy of the kingdom. Its size and population possibly made it the strongest economy in the world before the War; however, because of the War, poverty is rife in the Earth Kingdom. The Fire Nation charged a tax on enslaved parts of the Earth Kingdom, causing the kingdom's wealth to evaporate.

Architecture, farming, carpentry, hunting, and mining are among many significant Earth Kingdom industries. Its citizens have managed to develop an advanced trade and commerce system so that almost all may benefit. From the complex sewage and postal system of Omashu, to the Ba Sing Se metro transit stations, and various inventions and their inventors, such as the Mechanist, all serve as demonstration of the Earth Kingdom's sophisticated society. Tourism, as well, is an important economic activity. It is relevant because of the level of business it represents. In Ba Sing Se there are guides, and various tours that use the monorail.

Just as the Water Tribe's primary building material is ice, the Earth Kingdom's primary building material is rock. All infrastructure including buildings, sewers, and even trains, are made of stone, all constructed by earth bending.

Currency
Earth Kingdom coins are mostly round, and all have a square hole in their center which allows them to be strung together. It is possible this is what their national emblem is based on. There is no significant difference between copper and silver pieces; gold pieces, however, have four notches on their edge, giving them a flower-like shape.

Fire Nation
The Fire Nation is currently probably the strongest economy in the world, mostly through gains in the War. Its people are richer than most Earth Kingdom citizens. The economy is based on agriculture, fishing, industry and technology.

The Fire Nation employs skilled metalworkers and blacksmiths who make use of iron and other metals to engender their fortresses and warships. Utilizing coal dug out by prisoners slaving in mines, they are able to power massive furnaces. The initial drive for their attempts for expansion was industrializing and having a greater need for resources, in itself a staple of imperialism.

Currency


Fire Nation coins are much more angular than their Earth Kingdom counterparts. They vary according to weight, size, and shape, though all have a nationalistic image on one side and writing on the obverse. The copper piece is the least valuable, and is a square with two concave sides - in its center is an image of a small flame. The gold piece is the longest, and is mostly rectangular in shape with a long slit running from its base to a little below the top. The silver piece is the smallest, and pentagonal in shape with the national emblem on its face.

Currency
The currency of the four nations seems to be based on precious metals, and quite probably on a Gold Standard. All nations that use currency seem to use the same metals. As shown in Avatar Day, it is the metal it is made of that is valuable, and not the currency itself (much as it was in many parts of the world before the adoption of the banknote). Most nations appear to use gold, silver and copper pieces.