Sea Kayaking Croatia

Sea Kayaking Croatia

Tuesday, March 25, 2014

Balkans Current Economics


Although much has been discussed with regards to the political forces at work in the Balkans, both today and during the conflicts during the 1990's, I think much less attention has been given to the economic side.

As they say, "follow the money".

In general, I’m looking for answers to the following questions:

-          What economically identifies these separate national groups?
-          What industries have dominated these nations in the past and which have perhaps taken their place in more modern times?
-          How are these nations affected by global economics?
-          How did the 2008-2009 recession affect the Balkan Nations?

Below represents the summary of some of the economic research that i've compiled.

General Economic Facts

Serbia
Bosnia & Herzegovina
Croatia
US
Population
7.6 million
3.9 million
4.4 million
314.2 million
GDP per capita
$10,405
$8,216
$17,810
$49,922
Unemployment
23.1%
28.0%
15%
8.1%
Currency
Dinar
Convertible Mark
Kuna
Dollar
Highlighted Economic Problems
Corruption, large information sector
Corruption, government gridlock
Corruption, Cumbersome court system
Government gridlock (example given was natl park shutdown)
Government Spending (as % of total GDP)
64%
45%
56%
>100%
Source: 2014 Index of Economic Freedom

GDP Composition by Sector of Origin

Serbia
Bosnia & Herzegovina
Croatia
US
Agriculture
7.9%
8.1%
5.0%
1.1%
Industry
31.8%
26.4%
25.8%
19.5%
Services
60.3%
65.5%
69.2%
79.4%
Source: CIA Factbook - 2013

Religion

Serbia
Bosnia & Herzegovina
Croatia
Roman Catholic
5
15
86.3
Orthodox
84.6
31
4.4
Muslim
3.1
40
1.5
Other
1.8
14
1.5
Unspecified
4.5
n/a
2.5
Not religious or atheist
1.1
n/a
3.8
Source: CIA World Factbook

United States: Protestant 51.3%, Roman Catholic 23.9%, Mormon 1.7%, other Christian 1.6%, Jewish 1.7%, Buddhist 0.7%, Muslim 0.6%, other or unspecified 2.5%, unaffiliated 12.1%, none 4% (2007 est.)



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