Hyrule is a central nation of the YouTube Poop world full of Elves, Goblins, Ogres, Cave Monsters, and Fairies. The land is known for having the best Dinner ever made, but also for having consistently bad leadership, inflation and counterfeiting of Rupees, and lack of participation of citizens.
In other words, it's mostly a cartoonish craphole.
It was destroyed in the fourth YTP War due to a combination of invading forces and economic collapse.
Hyrule uses jewel-shaped plastic called rupees as their official currency. Their size varies from the size of a finger to a head, yet over 500 of them can comfortably be fit into a small bag.
They are easily found all over the place to the point where you could buy Sealand just by taking a quick dive near the waterfall. Money being obtained so easily has led to formidable inflation with prices doubling every 8 seconds. Counterfeiting is also laughably easy, due to the fact that Hyrule does nothing to combat it.
The government of Hyrule is a totalitarian regime (Hence the name Hyrule), with all power given to King Harkinian. It was in a stagnant state of dictatorship, with the military constantly expanding their borders until Gwonam told King Harkinian to leave his dictatorship to spend time in Koridai.
The erosion of civil rights and equalities is a problem in Hyrule too. The rich get richer and the poor get poorer, and everyone gets screwed by the Monarchy. Yet Hyrule somehow hasn't descended into civil war, presumably due to the King and his Cuccos terrorising the citizens.
Hyrule was once the dominant force in colonization. However, most of their once colonies left.
Canada is one of the first to leave Hyrule. After a century of Hyrule abusing the Canadian colonists, they revolted. A new freedom fighter organization, lead by Peter Peter and aided by the Mushroom Kingdom fought Hyrule for three years until achieving victory.
Gamelon was a country annexed by Hyrule. However, it quickly became a waste on the economy. Hyrule eventually sold Gamelon to North Korea.