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All four nations in the World of Avatar have, or previously had, economic systems. Of those four, the Earth Kingdom and the Fire Nation have developed sophisticated and advanced economic systems to facilitate and supplement their daily life. The Air Nomads and the Water Tribes, 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 can be used in others, though there are many areas that do not observe this.
The Air Nomads were never known to have established any full-fledged economic system. They practiced subsistence agriculture, the practice of growing enough food and crafting enough of the necessary implements to sustain their own survival without the need to trade with others.
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 does not have many items available for the purpose nor many opportunities for trade.
The Water Tribes are inherently dependent upon 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 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.
Since the end of the Hundred Year War however, the Water Tribe economy has developed to a more global scale, leveraging their maritime skills to become a leading force in the international shipping industry.
One of the most prevalent natural resources of the Northern Water Tribe is ice. Ice is used as the main building material of buildings, walls, dikes, locks, and other structures, as it is a medium of their bending. Icebending 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.
The Earth Kingdom has a vast economy primarily based on agriculture, incorporating significant industrial elements as well. Trading, farming, carpentry, hunting, fishing, and mining are all important activities for the economy of the nation. Despite maintaining a rural character, its vast supply of natural resources and large population have allowed it to become one of the world's most powerful economies, despite much of the Earth Kingdom being in poverty. However, poverty was more rife during the destructive Hundred Year War; the Fire Nation charged heavy taxes on occupied parts of the kingdom, resulting in a decline in wealth among its populace.
The Earth Kingdom has a large system of commerce and trade. The west coast of the country is especially notable as an economic center, as it features many ports; the seedy merchants pier, in particular, was important as a hub for pirates and the black market prior to becoming United Republic of Nations territory. Earth Kingdom shops and stores sell a variety of products, which may conform to the specific culture and resources of the region. The complex postal system of Omashu, the efficient Ba Sing Se monorail network, and various inventions and their inventors, such as the mechanist, all serve as indicators of the Earth Kingdom's sophisticated economy.
In the aftermath of the Hundred Year War, the Kingdom's mineral wealth became more pronounced as the industrialization process began to take effect around the world, making the country's rich ore deposits one of its most sought after exports.
Just as the Water Tribe's primary building material is ice, the Earth Kingdom's primary building material is rock. Much of the infrastructure, including buildings, sewers, and even trains, are made of stone and often constructed by earthbending.
Earth Kingdom coins are mostly round, and all have a square hole in their center which allows them to be strung together, representing the national emblem. 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.
The Fire Nation is one of the strongest economies in the world, built mostly through industry and gains in war. However, some areas were adversely affected by their country's decision-making: Jang Hui, for example, fell into poverty when the Fire Nation built a smelting factory on the town's river; almost no nourishment was available for the village's residents, and many people may have starved. 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. During the Hundred Year War, the initial drive for their attempts for expansion was industrializing and having a greater need for resources, in itself a staple of imperialism.
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 the reverse 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 one of its faces.
United Republic of Nations
Although the Fire Nation previously had the strongest economy in the world, Fire Lord Zuko and Avatar Aang created this nation after the Hundred Year War as a place where benders and nonbenders would live in peace. Eventually, its capital, Republic City, boomed and the economy began to strengthen significantly.
The economy of the United Republic's capital, Republic City, is primarily based upon industry. In the city, rather than the traditional currency used in the other four nations, the yuan is the used currency.