Victoria 3: Build Order to Quickly Improve Your Economy

A stable economy is extremely essential for success in Victoria 3, regardless of the nation that you’re managing.

Improving your economy and bolstering it early on in the game can be hugely beneficial in the long run. But, how do you do it? Which aspects do you work on first?

Without wasting any more time, let’s jump right into it!

Build Order to Quickly Improve Your Economy in Victoria 3

Balancing the Budget

When you start off in a nation, the budget will be spread out in various portions of the economy, which involves taxes and wages.

In order to boost your economy quickly, construction will play a major factor. And, more construction means more money.

You’ll have to make a few changes in the allocated budget to ensure enough budget for the construction and further changes.

That can be done by increasing the taxation a little bit, while also reducing the wages at the same time. Just move one step down; too much of a change might cause the public to revolt.

It must be mentioned that, when you’re dealing with Consumption Taxes, only increase the tax on the luxury goods, because getting on the wrong side of the people is the last thing you want for your economy.

Construction Sector

First of all, more construction will lead to greater revenue and eventually improving the economy. But, improper planning will lead to the opposite outcome.

You should base multiple Construction Sectors on preferably the capital state of your nation. If not, then go for a state with a good amount of resources and a huge population.

The Construction Interaction Map list can aid you in figuring out the optimum state in your nation with information on the number of peasants and possible profit. Clicking on each state will reveal its resources and population.

Choosing the right state will help you have more workers and resources available when required. If you have large amounts of money left unused, you can expand the construction sector to a further state and rack up production.

Production Methods

There are Production methods that can be tweaked in the Construction Sector for greater profits and resources. Victoria 3 provides excellent information on the outcomes of these methods, allowing for easier selection.

Look out for the change in modifiers, such as construction efficiency, and also the fluctuation in the price of the resources.

You should weigh out the advantages with the drawbacks and come to a conclusion on the Production Method you should go for.

Expansion

Don’t rush into expanding your economy throughout the nation at the same time. Go from one state to another and expand accordingly.

Depending on the population and resources available in the state, you can construct buildings or factories. Start off small with each state; putting a large portion of your cash on one state can deprive others off of it.

It can be balanced out later on as you progress further.

Fixing Discrepancies by Building

The game will let you know when you’re in shortage of necessary goods or spending extra cash on cheaply-affordable resources. It’s important that you make those required changes as quickly as possible.

For example, if there’s a shortage of input goods in one your buildings or factories, the lack of resources should be covered up for in some form.

Let’s say, you don’t have enough paper supply and the demand for paper is quite high.

You’ll have to either make some modifications in your trades (which I’ll cover late on) or a paper mill can be built in the Construction Sector to make up for the lack of paper.

Similarly, various issues will come up and fixing these right away is important to keep your economy rising.

If you notice that there’s not enough cash to set up paper mills, costs in other, less important parts can be cut down to cover for it.

Furthermore, there are several changes you can make based on the prompts of the game. If the temporary costs are rising too high, you can temporarily hold construction as well.

International Trade

Making use of the international trading system properly can lead to a stellar economy. Remember how you had to construct paper mills to make up for the huge demand of paper?

Well, what if you didn’t have enough cash or resources to build a paper mill? That’s when international trade comes in!

Importing the required goods will help to cover up for its huge demand, and in turn, reduce the price as well. This can be a very impactful way to reduce harmful price rises in the economy.

International trade does come with the problem where the AI automatically trades out your goods at low prices and reducing them in number. But, you can put a stop to that through an Embargo.

As for forming Customs Union, opt for it only when you lack a certain resource and the other nation has it in a large amount. Customs Unions are always the better option compared to Conquests or Annexing Puppets from an economic point of view.

Try to stay away from carrying out Diplomatic Plays and making Dominion or Puppet towards the start of your campaign, when you’re building up the economy. These usually add unnecessary costs that will only hinder your progress.

However, since the game is situational, you should always go for it if you’re confident that a Diplomatic Play will boost your economy in the long run.

Stabilizing Supply and Demand

If you can make some efficient changes in the construction sector to increase supplies and meet with the demand, then your economy will reach flying colors in no time!

Making quick-fire but smart decisions in this regard is key. If the demand for a good is high, the prices will steeply rise.

But, when you can counter that by increasing supplies with the help of the construction sector, just like we did above, then you might as well be able to bring down the cost price below par.

Investing further in this issue will ensure enough supplies to restrict rise in demand and price in the future as well. But of course, you should be mindful of how you’re using up the cash and the Construction Sector.

Do make sure that you’re not focusing a big part of it on managing the supply-demand of just one resource. Furthermore, always keep a good amount of money as safety.

Try to keep things as compact as possible. Efficiency is essential to quickly boost the economy in Victoria 3!

Wrapping Up

It takes quite a bit of strategic planning and thinking to improve the economic state of your nation, whether it’s the USA or Great Britain.

However, I’m confident that you can easily achieve a stable economy by using the tips above, as long as you’re making the right decisions when required. Make sure you keep your patience but act promptly to required changes.

Don’t hesitate to leave a comment below if you’re having issues. Best of luck!