The EVE Online April Economic Report and the Time before Fanfest

We got the EVE Online Monthly Economic Report for April 2022 last week and it was once again a reminder that sometimes seeing the previous month’s report when you’re halfway into the next month can be… odd.  You have to remember the state of things as they were, as opposed to what has happened since the cut off date which, in this case, means before EVE Fanfest.

EVE Online nerds harder

Not that Fanfest dramatically changed the economy, but it did give us a glimpse, however fleeting, into CCP’s plans, which always has some sort of impact.

Meanwhile, back in April we were getting all sorts of news, like the announcement of the Siege Green update, which went live last week, and the price increases, which are live today.  News and updates have their impacts.


I might as well start with production again, since that has a nice graph that shows that news can change trajectories.  Basically, the Siege Green update promised to make capitals and faction ships more affordable to produce.  I commented last month that I expected production to dip with that announcement.  Did the big graph bear out my prediction?

Apr 2022 – Production vs Destruction vs Mined

Kinda sorta yes.  April production did dip down, the data for that chart shows April had 76.07 trillion ISK in production, down from 80 trillion ISK.   That isn’t a huge number, in large part because I believe there wasn’t a lot of capital production going on in any case.  They were too damn expensive to build.

Now the question will be whether or not we see a jump in production come the May MER.  Did CCP move the needle enough to revive capital and faction ship production?

Meanwhile, the regional stats show the following places produced the most output.

  1. The Forge – 18.04 trillion (High Sec)
  2. Delve – 12.79 trillion (Imperium)
  3. Vale of the Silent – 9.99 trillion (Fraternity)
  4. Lonetrek – 6.35 trillion (High Sec)
  5. The Citadel – 4.66 trillion (High Sec)
  6. Tribute – 4.06 trillion (Fraternity)
  7. Fade – 3.07 trillion (WE FORM BL0B)
  8. Sinq Laison – 2.84 trillion (High Sec)
  9. Heimatar – 2.83 trillion (High Sec)
  10. Malpais – 2.65 trillion (PanFam)

That is pretty much the usual suspects these days.

Overall the regional stats showed a total of 101.56 trillion ISK in production, down from 113 trillion ISK in March.  That is a bigger gap and a bigger percentage that the chart above, but tracks with the expectation I suppose.


That chart above also tracks destruction, and the data that feeds it says that 29.59 trillion ISK in value was blown up in April, up slightly from the 28.4 trillion ISK reported in March.

That actually aligns closely with the regional destruction stats, which rang in at 29.78 trillion ISK in value destroyed, up from the 28.91 trillion ISK blown up in March.  That doesn’t leave a lot of room for wormhole space in the gap between those numbers, but so it goes.

The top regions for destruction were:

  1. The Forge – 1.69 trillion (High Sec)
  2. Pochven – 1.48 trillion (Triglavian)
  3. The Citadel – 1.41 trillion (High Sec)
  4. Lonetrek – 1.37 trillion (High Sec)
  5. Vale of the Silent – 1.30 trillion (Fraternity)
  6. Sinq Laison – 1.27 trillion (High Sec)
  7. Pure Blind – 1.21 trillion (Brave/V0LTA)
  8. Delve – 1.08 trillion (Imperium)
  9. Genesis – 1.00 trillion (High Sec)
  10. Metropolis – 935 billion (High Sec)

Pochven continues to light things up, while the area around Jita remains the peak of destruction.  Meanwhile, the campaign going on in the south, with Imperium SIGs going after FI.RE and their PAPI allies, didn’t break into the top ten, with Feythabolis only making it into 13th position in the regional stats.

Maybe the May numbers will see that heat up a bit.


Trade, at least according to the regional stats data, was up, with April seeing a total of 572.52 ISK in value traded, up from 548 trillion ISK in March.

The top regions were, once again, the usual suspects, a mix of trade hubs and coalition home regions.

  1. The Forge – 422.28 trillion (Jita)
  2. Domain – 39.69 trillion (Amarr)
  3. Lonetrek – 15.57 trillion (Caldari High Sec)
  4. Sinq Laison – 14.46 trillion (Dodixie)
  5. Delve – 13.16 trillion (Imperium)
  6. Metropolis – 9.01 trillion (Hek)
  7. Heimatar – 7.28 trillion (Rens)
  8. Perrigen Falls – 7.22 trillion (PanFam)
  9. Vale of the Silent – 5.40 trillion (Fraternity)
  10. The Citadel – 4.11 trillion (Caldari High Sec)

ISK Faucets

And now into the more complicated areas of the MER, and made all the more so by new charts this month.  CCP Estimate has taken over the MER from CCP Larrikin and has given us some more data to chew on.  But we’ll start as I usually do with the faucets end of the big big sinks and faucets chart.

Apr 2022 – Faucet end of the chart big chart

For those who cannot read the chart, which includes me, the top items listed are:

  • Commodity – 41.4 trillion
  • Bounty Prizes – 25.5 trillion
  • ESS Bounty Payouts – 11.2 trillion
  • Incursion Payouts – 11.2 trillion
  • Trig Invasion Payouts – 11.1 trillion
  • Agent Mission Rewards 3.5 trillion

Commodities and bounty payouts were up for April, while incursions were down slightly, and agent mission rewards stayed in exactly the same spot.

We can see how those top faucets have performed over time here.

Apr 2022 – Top Sinks and Faucets Over Time

While bounty payouts were up overall for the month, they follow a dip for a stretch and lead into another fall off which represents CCP “fixing” the ESS bounty percentages so that they all went down dramatically.  Meanwhile, the top regions for bounties… were pretty much the same crowd one would expect.

  1. Vale of the Silent – 2.85 trillion (Fraternity)
  2. Delve – 1.61 trillion (Imperium)
  3. Perrigen Falls – 1.61 trillion (PanFam)
  4. Fountain – 1.32 trillion (Imperium)
  5. The Kalevala Expanse – 1.19 trillion (PanFam)
  6. Tribute – 1.09 trillion (Fraternity)
  7. Querious – 985 billion (Imperium)
  8. Venal – 917 billion (BOSS and others)
  9. Pure Blind – 854 billion (Brave/V0LTA)
  10. Malpais – 751 billion (PanFam)

But this month we also got a look at ESS bank thefts, with three new charts!

Apr 2022 – ESS Regional Stats

That is three columns of tiny data about where ESS main bank and reserve bank thefts are happening, as well as a summary of the total amounts sitting in reserve banks.

The reserve bank is a special ISK pool that accumulates and needs a special key to access.  CCP opened up the mechanic to get at that ISK last July and… it hasn’t been much of a big deal.  They keys are annoying to get and the amount they allow you to get away with is not all that much in the grand scheme of things.  So a lot of ISK has just been piling up there… almost 52 trillion ISK worth if my hand tally of that chart is correct, with the top three regions being:

  1. Vale of the Silent – 4.735 trillion ISK (Fraternity)
  2. The Kalevala Expanse – 4.092 trillion ISK (PanFam)
  3. Delve – 3.929 trillion ISK (Imperium)

Those are, of course, three of the strongest coalitions in null sec, so no surprise there.  But how about reserve bank thefts?  Where are those happening?

Apr 2022 – Reserve Bank Thefts

It looks like the northeast of null sec is the hot spot for that… though who knows if those are nationalized reserve banks that the owners are pulling out.  Those thefts, which don’t add up to much against the trillions socked away, might not be thefts at all.

As for main bank thefts, those you can pull off by just showing up at the right place at the right time.

Apr 2022 – Main Bank Thefts

Again, the biggest thefts are not all that big in the grand scheme of things.  But the main bank gets paid out at regular intervals, so there is never as much ISK up for grabs as there are in the reserve banks.  And you can see from the first of the three charts, the main banks are in play a lot more often than the reserve banks.

Meanwhile, on the commodity front however you can see sleeper components on the rise.  Wormholers win again.

Apr 2022 – Top Commodity Items Over Time

Anyway, all of that saw the money supply go up, after having it go down… a rare thing most months… last month.

Apr 2022 – Money Supply

That also saw the velocity of ISK go up.

Apr 2022 – Velocity of ISK

Again, I tend to be dubious of the velocity chart, if only because it is subject to so many things CCP could manipulate if they so desired… and because it often seems to live a life independent of other indicators.  Technically, all other things being equal, a the money supply going up (as with this month) or going down (as with last month) the velocity should move in the opposite direction.  But all other things are not equal and the velocity goes where it will.


And finally, mining and mining like things.  Again, no data bearing .csv files make this an annoying section to deal with as if I want any totals I need to go tally them up by hand.

The Produced/Destroyed/Mined chart up at the top of the post indicates that there was 17.85 trillion ISK mined, though the data from that chart is dubious when it comes to mining.

Meanwhile, the regional mining value data gives the total as closer to 12.7 trillion ISK in value, though that it my tallying on with the calculator by hand, so is subject to error.  Though, given that the largest region on the list was Vale of the Silent, which had 847 billion ISK in value mined, I doubt I made a 5 trillion ISK typo.

Apr 2022 – Mining Value by Region

And the value of the ore mined should be going up rather than down given the current mineral price trend.

Apr 2022 – Economic Indices

That adds up, if the data is correct, to a 10 trillion ISK value drop off in mining, more than a 40% fall.

But I suspect that there is a problem with the data, there being a couple of empty cells in the .csv data source for the first chart in the post.  While we don’t have the data for the regional chart, I suspect it suffers from the same issue, or more so.  It would be, if nothing else, out of character for there to be no regions to exceed one trillion ISK in value mined, something usually accomplished in Vale of the Silent and Delve.

Meanwhile, the four core mining types now tracked each have their own chart.

Asteroid mining, which are from belts and anomalies and is primarily a high sec activity, with null second second but well behind.

Apr 2022 – Asteroid mining over the last 12 months by volume mined

That does appear to be trending down a bit… but, again, data issues?

Gas mining is dominated by wormhole space, though low and null sec got a boost from the industry changes of April 2021.  The big spike from that has now rolled off the chart.

Apr 2022 – Gas mining over the last 12 months by volume mined

Again, I think these charts need a trend line.

Ice mining is like asteroid mining, largely a high sec and null sec activity.

Apr 2022 – Ice mining over the last 12 months by volume mined

And finally there is moon mining, which theoretically should be strong in low sec, but which also seems to mostly be a null sec and high sec venture.

Apr 2022 – Moon mining over the last 12 months by volume mined

The spikes are likely due to coincident timing in some regions. Moon mining has a regular schedule where a chunks are drawn. There is some low sec activity, but I remain surprised at how little there is.

And another month goes by.  The May numbers will be mostly interesting to see how the game responds to the industry changes, EVE Fanfest, and the subscription price increase that went into effect today.  As always, all this data and more is available for download in the MER dev blog post.

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