The Republic of Peregrin is a massive, cultured nation, ruled by State Chancellor Meriadoc Yarden with a fair hand, and renowned for its museums and concert halls, complete lack of prisons, and sprawling nuclear power plants. The compassionate, democratic population of 1.102 billion Peregrinians hold their civil and political rights very dear, although the wealthy and those in business tend to be viewed with suspicion.

The large government juggles the competing demands of Education, Industry, and Administration. It meets to discuss matters of state in the capital city of Tuckborough. The average income tax rate is 69.3%, and even higher for the wealthy.

The frighteningly efficient Peregrinian economy, worth 126 trillion silver pennies a year, is led by the Tourism industry, with significant contributions from Book Publishing, Trout Farming, and Information Technology. State-owned companies are reasonably common. Average income is an impressive 114,692 silver pennies, and distributed extremely evenly, with little difference between the richest and poorest citizens.

Meat-eating is frowned upon, the parliament building has installed a revolving door, the latest "must-have" uPhone is 1/4 mm thinner than last year's uPhone, and coffee-addicted citizens look forward to baristas getting their name wrong at local coffee shops. Crime is totally unknown, thanks to a capable police force and progressive social policies in education and welfare. Peregrin's national animal is the boar, which frolics freely in the nation's many lush forests.

Peregrin is ranked 295,134^th in the world and 1,161^st in Europe for Largest Insurance Industry, scoring -8.38 on the Risk Expulsion Effectiveness Rating.