Regional News:
Croatia regressing
8.2.2010 15:12:00 | Source/Author Privredni vjesnik/PressCut
In the past two decades, Slovenia has maintained its position as the most developed country from ex-Yugoslavia. It also increased its advantage over the successor countries, in GDP terms per capita. Of interest to note, however, is the fact that all successor countries of ex- SFRY, including Slovenia, have regressed since 1989, according to the result of a study from the Centre for the study of post- Yugoslavia societies (CEPYUS) at the Faculty of Philosophy Maribor University.
The former Socialist Federal Republic of Yugoslavia ranked 31 in terms of economic activity in 1990. All successor countries ranked much lower in 2007, with the exception of Slovenia (29). On average, successor countries from SFRY rank 59, which indicates that economic losses caused by separation significantly surpass gains, according to the authors of the study.
In 1989, Slovenia, as the most developed country had a GDP per capital of US$34,137. In the same period, Croatia lagged by 36.8%, with a GDP of $21,567, followed by Serbia, some 55.4% lower, and Montenegro, Bosnia and Herzegovina and Macedonia, as the most underdeveloped country.
During war and post-war periods, all countries, with the exception of Macedonia, heightened their lag behind Slovenia, particularly Bosnia and Herzegovina, where the war had been the most devastating. In 2000, Croatia lagged behind Slovenia by 38.3%. Serbia and Montenegro were reduced to a third of Slovenian GDP, whilst B&H plummeted to just 23%.
During the first decade of this century, all countries with the exception of Macedonia, took advantage of robust development. Consequently, Croatia attained some 65% of Slovenian GDP (still less than in 1955), and Montenegro reached 40%, ahead of Serbia. Nevertheless, even after such growth, the five successor countries have reached only around 40% of Slovenian GDP, and that has decreased nominally by 20% in relation to 1989.
Source: PV International
The former Socialist Federal Republic of Yugoslavia ranked 31 in terms of economic activity in 1990. All successor countries ranked much lower in 2007, with the exception of Slovenia (29). On average, successor countries from SFRY rank 59, which indicates that economic losses caused by separation significantly surpass gains, according to the authors of the study.
In 1989, Slovenia, as the most developed country had a GDP per capital of US$34,137. In the same period, Croatia lagged by 36.8%, with a GDP of $21,567, followed by Serbia, some 55.4% lower, and Montenegro, Bosnia and Herzegovina and Macedonia, as the most underdeveloped country.
During war and post-war periods, all countries, with the exception of Macedonia, heightened their lag behind Slovenia, particularly Bosnia and Herzegovina, where the war had been the most devastating. In 2000, Croatia lagged behind Slovenia by 38.3%. Serbia and Montenegro were reduced to a third of Slovenian GDP, whilst B&H plummeted to just 23%.
During the first decade of this century, all countries with the exception of Macedonia, took advantage of robust development. Consequently, Croatia attained some 65% of Slovenian GDP (still less than in 1955), and Montenegro reached 40%, ahead of Serbia. Nevertheless, even after such growth, the five successor countries have reached only around 40% of Slovenian GDP, and that has decreased nominally by 20% in relation to 1989.
Source: PV International
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