The Republic of Here Be Treasure V is a massive, efficient nation, notable for its triple-decker prams, sprawling nuclear power plants, and public floggings. The hard-nosed, cynical, devout population of 2.3 billion Here Be Treasure Vians are ruled by a mostly-benevolent dictator, who grants the populace the freedom to live their own lives but watches carefully for anyone to slip up.

The medium-sized, corrupt, well-organized government juggles the competing demands of Industry, Education, and Law & Order. The average income tax rate is 35.5%, but much higher for the wealthy.

The frighteningly efficient Here Be Treasure Vian economy, worth 220 trillion Treasure Coins a year, is driven entirely by a combination of government and state-owned industry, with private enterprise illegal. However, for those in the know, there is a large, well-organized, broadly diversified black market in Information Technology, Uranium Mining, Woodchip Exports, and Furniture Restoration. The private sector mostly consists of enterprising ten-year-olds selling lemonade on the sidewalk, but the government is looking at stamping this out. Average income is 95,828 Treasure Coins, and evenly distributed, with the richest citizens earning only 2.7 times as much as the poorest.

It is mandatory to learn evolution in schools, 3D printed organs are a breath of new life for the sick and elderly, cheese lovers have a case of the bleus, and hundreds of subterranean tunnels are being built as part of "Project Morlock". Crime, especially youth-related, is totally unknown, thanks to a capable police force and progressive social policies in education and welfare. Here Be Treasure V's national animal is the Parrot, which teeters on the brink of extinction due to toxic air pollution.

Here Be Treasure V is ranked 54,232^nd in the world and 2^nd in The Treasure Hunters for Largest Gambling Industry, scoring 4,522.73 on the Kelly Criterion Productivity Index.