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Economy of Serbia and Montenegro

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machine building (aircraft, trucks, and automobiles; tanks and weapons; electrical equipment; agricultural machinery); metallurgy (steel, aluminum, copper, lead, zinc, chromium, antimony, bismuth, cadmium); mining (coal, bauxite, nonferrous ore, iron ore, limestone); consumer goods (textiles,
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efforts have not succeeded as well as macroeconomic reform. The process of privatization was not popular among workers of large socially owned companies, and many citizens appeared to believe the tendering process was overly
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of the basic infrastructure of the country and many factories, as well as a renewed embargo, caused a further huge drop in GDP in relation to the 1991 level. The first sign of an economic recovery occurred in 2001 after the
619: 301:, as a result of both domestic and international investment climates. Managers tended to blame the dearth of interest on the current negative business climate in Serbia and Montenegro. 1204: 510: 212: 148: 1073: 45: 1041: 140:. The rump state that continued to designate itself as 'Yugoslavia' (Federated Republic of) was established as a confederation of two of these successor states, 1189: 257:. As 1999 began, the damage control operation had succeeded in returning the exchange rate to reasonable levels. However, it was not until 2002, after intense 1260: 180:(non-energy inflation is less than 9% in 2002, down from over 120% two years earlier) and rationalize the Serbian and Montenegrin economy. By January 2005, 1056: 1088: 1001: 574: 1253: 1174: 188: 1265: 735: 1320: 1310: 1113: 1016: 96: 1270: 815: 68: 173: 1351: 456:
Commodities: machinery and transport equipment, fuels and lubricants, manufactured goods, chemicals, food and live animals, raw materials
1169: 923: 913: 75: 837: 115: 82: 1325: 1285: 918: 694: 129: 1275: 1179: 1146: 1108: 933: 893: 649: 317:- $ 25.98 billion (2004 est.)<, $ 27.5 Billion predicted for 2005 br> Real growth rate: 8.5% (2004 est.), 6.5% (2005 est) 1346: 1184: 948: 858: 843: 669: 659: 567: 160: 64: 49: 1225: 1141: 1068: 928: 903: 868: 795: 740: 583: 1300: 1118: 1093: 1083: 1006: 953: 908: 898: 888: 848: 805: 765: 745: 719: 629: 614: 152: 1248: 1243: 1199: 1051: 1046: 1036: 1026: 1021: 1011: 996: 991: 986: 963: 820: 785: 775: 704: 689: 684: 674: 664: 634: 604: 1290: 1238: 1164: 1103: 1078: 1031: 980: 958: 943: 878: 800: 790: 755: 750: 714: 709: 679: 644: 609: 598: 525: 168: 1280: 1220: 1123: 1098: 1063: 938: 883: 863: 853: 780: 760: 699: 654: 639: 624: 560: 873: 810: 770: 34: 89: 1295: 547: 530: 314: 53: 38: 181: 164: 446:
Partners: Bosnia and Herzegovina 19%, Italy 12%, Germany 12%, Republic of Macedonia 8%, Russia 4% (2004)
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Exchange rates: Serbian dinars per US dollar - official rate: 60 (2004); Fiscal year: calendar year
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Economic aid - recipient: $ 2 billion pledged in 2001 (disbursements to follow for several years)
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footwear, foodstuffs, appliances); electronics, petroleum products, chemicals, and pharmaceuticals
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into five new sovereign states by 1992, independence of which was fought over in a series of
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Montenegro Economy>> Financial Business and Economy News from Montenegro
294: 242: 192: 177: 163:(FRY) economy's downward spiral showed no real sign of recovery until 1995. 184:
recovered to 55-60% of its 1990 level, due to GDP growth of 8.5% in 2004.
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Proved reserves: 38.75-million-barrels (6,161,000 m) January 2002
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Partners: Russia 13%, Germany 13%, Italy 9%, China 5%, USA 4% (2004)
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Commodities: manufactured goods, food and live animals, raw materials
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Real GDP Per capita - nominal: $ 2900 (2004 est.), $ 3200 (2005 est.)
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reform measures, that the dinar became convertible—a first since the
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Cereals, fruits, vegetables, tobacco, olives; cattle, sheep, goats.
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collapsed and entered a prolonged decline in 1989, the country
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Total: $ 11.5 billion f.o.b. (2004 est.)(goods and services)
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Total: $ 5.5 billion f.o.b. (2004 est.)(goods and services)
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Economy of the Socialist Federal Republic of Yugoslavia
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economy of the Socialist Federal Republic of Yugoslavia
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both the euro and the Yugoslav dinar are legal (2002)
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Inflation rate (consumer prices): 12-13% (2004 est.)
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Industrial production growth rate: 6.5% (2004 est.)
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Hyperinflation in the Federal Republic of Yugoslavia
1213: 1155: 1134: 972: 829: 728: 590: 426:Proved reserves: 24.07 km (January 2002 est.) 412:Consumption: 64,000-barrel (10,200 m) 2001 195:became an independent country. Thereafter, the 167:was nowhere near its 1990 level, but the 1999 568: 410:Production: 15,000-barrel (2,400 m) 2001 8: 52:. Unsourced material may be challenged and 575: 561: 553: 353:expenditures: $ 10.460 billion (2004 est.) 116:Learn how and when to remove this message 189:2006 Montenegrin independence referendum 203:would follow different trajectories. 7: 466:External: $ 12.6 billion (2004 est.) 50:adding citations to reliable sources 245:rejected the dinar and adopted the 344:Labor force: 3,596,282 (2005 est.) 340:Population below poverty line: 10% 65:"Economy of Serbia and Montenegro" 14: 620:Democratic Republic of the Congo 484:(CSD). Note - in Montenegro the 229:in 1998, including ruling out a 22: 174:overthrow of Slobodan Milošević 398:Consumption: 32,370 GWh (2001) 161:Federal Republic of Yugoslavia 1: 1261:Confederate States of America 584:Economic histories by country 381:Production by source (2001): 379:Production: 31,710 GWh (2001) 293:. Furthermore, international 233:in the near term, increasing 1352:Economies by former country 1321:Scotland in the Middle Ages 1190:Mongolian People's Republic 331:Services: 56.6% (2004 est.) 1368: 1271:England in the Middle Ages 526:Central Bank of Montenegro 402:Imports: 3,330 GWh (2001) 210: 169:NATO bombing of Yugoslavia 350:Revenues: $ 9.773 billion 191:, the union dissolved as 469:-As a percentage of GDP: 263:Bretton Woods Agreements 531:National Bank of Serbia 400:Exports: 446 GWh (2001) 321:Composition by sector: 315:Purchasing power parity 1002:Bosnia and Herzegovina 310:Gross Domestic Product 241:. During this period, 1347:Serbia and Montenegro 1195:Serbia and Montenegro 1156:Former industrialized 516:Economy of Montenegro 299:Serbia and Montenegro 277:Stabilization efforts 249:(now replaced by the 197:economy of Montenegro 142:Serbia and Montenegro 1214:Historical economies 488:is legal tender; in 430:Agricultural Produce 358:Industrial Situation 289:and controlled from 235:reserve requirements 46:improve this article 1057:Republic of Ireland 736:Antigua and Barbuda 155:imposed during the 151:exacerbated by the 471:55-60% (2004 est.) 416:Imports: NA (2001) 414:Exports: NA (2001) 385:Fossil fuel: 62.9% 336:Economic Situation 325:Agriculture: 15.2% 265:laid out the post- 253:) as its official 1334: 1333: 1286:Habsburg monarchy 1254:Republic of China 521:Economy of Serbia 506:Economy of Europe 201:economy of Serbia 126: 125: 118: 100: 1359: 1276:Ethiopian Empire 1231:Byzantine Empire 1180:Empire of Brazil 577: 570: 563: 554: 153:economic embargo 121: 114: 110: 107: 101: 99: 58: 26: 18: 1367: 1366: 1362: 1361: 1360: 1358: 1357: 1356: 1337: 1336: 1335: 1330: 1209: 1185:Empire of Japan 1165:Austria-Hungary 1157: 1151: 1130: 968: 924:Solomon Islands 825: 724: 586: 581: 544: 539: 502: 495: 493: 479: 472: 467: 464: 457: 455: 452: 445: 443: 440: 432: 424: 417: 415: 413: 411: 408: 401: 399: 380: 377: 360: 345: 343: 341: 338: 328:Industry: 28.2% 320: 318: 312: 307: 297:was lagging in 279: 227:monetary policy 215: 209: 122: 111: 105: 102: 59: 57: 43: 27: 12: 11: 5: 1365: 1363: 1355: 1354: 1349: 1339: 1338: 1332: 1331: 1329: 1328: 1323: 1318: 1313: 1311:Ottoman Empire 1308: 1303: 1298: 1293: 1288: 1283: 1278: 1273: 1268: 1266:Dutch Republic 1263: 1258: 1257: 1256: 1251: 1246: 1241: 1233: 1228: 1226:Ashanti Empire 1223: 1221:Ancient Greece 1217: 1215: 1211: 1210: 1208: 1207: 1202: 1197: 1192: 1187: 1182: 1177: 1172: 1170:Czechoslovakia 1167: 1161: 1159: 1153: 1152: 1150: 1149: 1144: 1138: 1136: 1132: 1131: 1129: 1128: 1127: 1126: 1121: 1114:United Kingdom 1111: 1106: 1101: 1096: 1091: 1086: 1081: 1076: 1071: 1066: 1061: 1060: 1059: 1049: 1044: 1039: 1034: 1029: 1024: 1019: 1017:Czech Republic 1014: 1009: 1004: 999: 994: 989: 984: 976: 974: 970: 969: 967: 966: 961: 956: 951: 946: 941: 936: 931: 926: 921: 916: 911: 906: 901: 896: 891: 886: 881: 876: 871: 866: 861: 856: 851: 846: 841: 833: 831: 827: 826: 824: 823: 818: 813: 808: 803: 798: 793: 788: 783: 778: 773: 768: 763: 758: 753: 748: 743: 738: 732: 730: 726: 725: 723: 722: 717: 712: 707: 702: 697: 692: 687: 682: 677: 672: 667: 662: 657: 652: 647: 642: 637: 632: 627: 622: 617: 612: 607: 602: 594: 592: 588: 587: 582: 580: 579: 572: 565: 557: 551: 550: 543: 542:External links 540: 538: 535: 534: 533: 528: 523: 518: 513: 508: 501: 498: 478: 475: 463: 460: 451: 448: 439: 436: 431: 428: 423: 420: 407: 404: 396: 395: 392: 389: 386: 376: 373: 369: 368: 359: 356: 355: 354: 351: 337: 334: 333: 332: 329: 326: 311: 308: 306: 303: 278: 275: 269:international 237:, and issuing 211:Main article: 208: 207:Hyperinflation 205: 187:Following the 149:hyperinflation 124: 123: 30: 28: 21: 13: 10: 9: 6: 4: 3: 2: 1364: 1353: 1350: 1348: 1345: 1344: 1342: 1327: 1326:Tamil Country 1324: 1322: 1319: 1317: 1314: 1312: 1309: 1307: 1304: 1302: 1301:Mongol Empire 1299: 1297: 1294: 1292: 1289: 1287: 1284: 1282: 1279: 1277: 1274: 1272: 1269: 1267: 1264: 1262: 1259: 1255: 1252: 1250: 1247: 1245: 1242: 1240: 1237: 1236: 1234: 1232: 1229: 1227: 1224: 1222: 1219: 1218: 1216: 1212: 1206: 1203: 1201: 1198: 1196: 1193: 1191: 1188: 1186: 1183: 1181: 1178: 1176: 1173: 1171: 1168: 1166: 1163: 1162: 1160: 1154: 1148: 1145: 1143: 1140: 1139: 1137: 1133: 1125: 1122: 1120: 1117: 1116: 1115: 1112: 1110: 1107: 1105: 1102: 1100: 1097: 1095: 1092: 1090: 1087: 1085: 1082: 1080: 1077: 1075: 1072: 1070: 1067: 1065: 1062: 1058: 1055: 1054: 1053: 1050: 1048: 1045: 1043: 1040: 1038: 1035: 1033: 1030: 1028: 1025: 1023: 1020: 1018: 1015: 1013: 1010: 1008: 1005: 1003: 1000: 998: 995: 993: 990: 988: 985: 983: 982: 978: 977: 975: 971: 965: 962: 960: 957: 955: 952: 950: 947: 945: 942: 940: 937: 935: 932: 930: 927: 925: 922: 920: 917: 915: 912: 910: 907: 905: 902: 900: 897: 895: 892: 890: 887: 885: 882: 880: 877: 875: 872: 870: 867: 865: 862: 860: 857: 855: 852: 850: 847: 845: 842: 840: 839: 835: 834: 832: 828: 822: 819: 817: 816:United States 814: 812: 809: 807: 804: 802: 799: 797: 794: 792: 789: 787: 784: 782: 779: 777: 774: 772: 769: 767: 764: 762: 759: 757: 754: 752: 749: 747: 744: 742: 739: 737: 734: 733: 731: 727: 721: 718: 716: 713: 711: 708: 706: 703: 701: 698: 696: 693: 691: 688: 686: 683: 681: 678: 676: 673: 671: 668: 666: 663: 661: 658: 656: 653: 651: 648: 646: 643: 641: 638: 636: 633: 631: 628: 626: 623: 621: 618: 616: 613: 611: 608: 606: 603: 601: 600: 596: 595: 593: 589: 585: 578: 573: 571: 566: 564: 559: 558: 555: 549: 546: 545: 541: 536: 532: 529: 527: 524: 522: 519: 517: 514: 512: 509: 507: 504: 503: 499: 497: 491: 487: 483: 482:Serbian dinar 476: 474: 470: 461: 459: 449: 447: 437: 435: 429: 427: 421: 419: 405: 403: 393: 390: 387: 384: 383: 382: 374: 372: 365: 364: 363: 357: 352: 349: 348: 347: 335: 330: 327: 324: 323: 322: 316: 309: 304: 302: 300: 296: 292: 288: 283: 282:Privatization 276: 274: 272: 271:exchange rate 268: 264: 260: 259:macroeconomic 256: 252: 248: 247:Deutsche Mark 244: 240: 236: 232: 228: 224: 220: 219:monetary unit 214: 206: 204: 202: 198: 194: 190: 185: 183: 179: 175: 170: 166: 162: 158: 154: 150: 145: 143: 139: 138:Yugoslav Wars 135: 131: 120: 117: 109: 98: 95: 91: 88: 84: 81: 77: 74: 70: 67: –  66: 62: 61:Find sources: 55: 51: 47: 41: 40: 36: 31:This article 29: 25: 20: 19: 16: 1316:Roman Empire 1281:Feudal Japan 1249:Ming dynasty 1244:Song dynasty 1200:Soviet Union 1194: 1175:East Germany 979: 919:Saudi Arabia 836: 695:South Africa 597: 480: 468: 465: 453: 441: 433: 425: 409: 397: 388:Hydro: 37.1% 378: 370: 362:Industries: 361: 339: 313: 280: 267:World War II 216: 186: 146: 127: 112: 103: 93: 86: 79: 72: 60: 44:Please help 32: 15: 1291:Inca Empire 1239:Han dynasty 1147:New Zealand 1109:Switzerland 1074:Netherlands 934:South Korea 914:Philippines 894:North Korea 650:Ivory Coast 422:Natural Gas 391:Nuclear: 0% 375:Electricity 287:centralized 231:devaluation 157:Bosnian War 106:August 2009 1341:Categories 1205:Yugoslavia 949:Tajikistan 859:East Timor 844:Azerbaijan 838:Arab world 670:Mozambique 660:Madagascar 537:References 305:Statistics 295:investment 243:Montenegro 217:The FRY's 193:Montenegro 76:newspapers 1158:economies 1142:Australia 1069:Lithuania 929:Singapore 904:Palestine 869:Indonesia 796:Nicaragua 741:Argentina 494:Code: YUM 394:Other: 0% 178:inflation 33:does not 1296:Iroquois 1119:Scotland 1094:Slovakia 1084:Portugal 1007:Bulgaria 954:Thailand 909:Pakistan 899:Mongolia 889:Malaysia 849:Cambodia 806:Paraguay 766:Colombia 746:Barbados 729:Americas 720:Zimbabwe 630:Ethiopia 615:Botswana 500:See also 477:Currency 346:Budget: 291:Belgrade 273:regime. 255:currency 134:broke up 1135:Oceania 1052:Ireland 1047:Hungary 1037:Germany 1027:Estonia 1022:Denmark 1012:Croatia 997:Belgium 992:Austria 987:Albania 964:Vietnam 821:Uruguay 786:Jamaica 776:Ecuador 705:Tunisia 690:Somalia 685:Senegal 675:Nigeria 665:Morocco 635:Eritrea 605:Algeria 450:Imports 438:Exports 128:As the 90:scholar 54:removed 39:sources 1306:Muisca 1235:China 1104:Sweden 1089:Russia 1079:Norway 1042:Greece 1032:France 981:Europe 973:Europe 959:Turkey 944:Taiwan 879:Israel 801:Panama 791:Mexico 756:Canada 751:Brazil 715:Zambia 710:Uganda 680:Rwanda 645:Guinea 610:Angola 599:Africa 591:Africa 490:Kosovo 221:, the 159:, the 92:  85:  78:  71:  63:  1124:Wales 1099:Spain 1064:Italy 939:Syria 884:Japan 864:India 854:China 781:Haiti 761:Chile 700:Sudan 655:Kenya 640:Ghana 625:Egypt 239:bonds 223:dinar 147:With 97:JSTOR 83:books 874:Iran 830:Asia 811:Peru 771:Cuba 486:euro 462:Debt 251:euro 199:and 69:news 37:any 35:cite 406:Oil 182:GDP 165:GDP 48:by 1343:: 144:. 576:e 569:t 562:v 119:) 113:( 108:) 104:( 94:· 87:· 80:· 73:· 56:. 42:.

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economy of the Socialist Federal Republic of Yugoslavia
broke up
Yugoslav Wars
Serbia and Montenegro
hyperinflation
economic embargo
Bosnian War
Federal Republic of Yugoslavia
GDP
NATO bombing of Yugoslavia
overthrow of Slobodan Milošević
inflation
GDP
2006 Montenegrin independence referendum
Montenegro
economy of Montenegro
economy of Serbia

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