The Republic of Phaictahn is a colossal, cultured nation, ruled by President Lee Ti-Yet with an even hand, and renowned for its barren, inhospitable landscape. The hard-working, devout population of 3.792 billion Phaictahnians have some civil rights, but not too many, enjoy the freedom to spend their money however they like, to a point, and take part in free and open elections, although not too often.

The relatively small government prioritizes Education, with Spirituality and Welfare also on the agenda. It meets to discuss matters of state in the capital city of Annoi. The average income tax rate is 13.0%.

The strong Phaictahnian economy, worth 263 trillion Silver Pagodas a year, is broadly diversified and led by the Furniture Restoration industry, with significant contributions from Cheese Exports, Basket Weaving, and Information Technology. Average income is 69,472 Silver Pagodas, and evenly distributed, with the richest citizens earning only 3.2 times as much as the poorest.

President Lee Ti-Yet is too busy listening to praise to get any work done, the easiest method of escaping from prison is to take singing lessons, the number of deaths due to poor fungus identification is mushrooming, and only the richest get to see out of their windows. Crime, especially youth-related, is totally unknown. Phaictahn's national animal is the Phaictahn Tiger, which teeters on the brink of extinction due to widespread deforestation, and its national religion is Buddhism.

Phaictahn is ranked 219,055^th in the world and 11,898^th in Lazarus for Largest Insurance Industry, scoring -3.61 on the Risk Expulsion Effectiveness Rating.