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Gross Domestic Product (GDP) in Yugoslavia

GDP of Yugoslavia, 1970-1990

During 1970-1990 GDP of Yugoslavia in current prices grew by 77.9 billion US dollars (in 6.4 times) to 92.4 billion US dollars; change occurred by 2.3 billion US dollars by increasing of people by 3.3 million, as well as by 75.5 billion US dollars by increasing of GDP per capita by 3 222.0 US dollars. The average annual growth of GDP of Yugoslavia was 3.9 billion US dollars or 9.7%. The average annual growth of GDP of Yugoslavia in constant prices was 2.7%. Share in the world reduced by 0.026%. Share in Europe increased by 0.0066%. Minimal GDP was in 1970 (14.6 billion US dollars). Maximal GDP was in 1989 (98.2 billion US dollars).

During 1970-1990 GDP per capita in Yugoslavia rose by 3 222.0 US dollars (in 5.5 times) to 3 943.0 US dollars. The average annual growth of GDP per capita in current prices was 161.1 US dollars or 8.9%.

Change of GDP of Yugoslavia described by linear regression model: y=4.3x-8 397.5, where y - estimated value of GDP of Yugoslavia, x - year. Correlation rate = 0.975. Determination rate = 0.95.

GDP of Yugoslavia, 1970

GDP of Yugoslavia in 1970 was worth 14.6 billion US dollars, ranked 27th in the world and was on par with GDP of Austria (15.3 bln. US dollars), GDP of Venezuela (13.8 bln. US dollars). Share of Yugoslavia in the world GDP was 0.43%.

GDP per capita in Yugoslavia in 1970 was worth 721.0 US dollars, ranked 71st in the world and was on par with GDP per capita in Panama (755.0 US dollars), GDP per capita in Turkey (703.0 US dollars), GDP per capita in Gabon (695.0 US dollars). GDP per capita in Yugoslavia was less than GDP per capita in the World (924.0 US dollars) by 203.0 US dollars.

Comparison of GDP in Yugoslavia and the neighbors in 1970. GDP of Yugoslavia was greater than GDP of Greece (13.1 billion US dollars), GDP of Romania (12.7 billion US dollars), GDP of Bulgaria (9.0 billion US dollars), GDP of Hungary (6.4 billion US dollars), GDP of Albania (2.3 billion US dollars), but was less than GDP of Italy (113.0 billion US dollars), GDP of Austria (15.3 billion US dollars). GDP per capita in Yugoslavia was greater than GDP per capita in Romania (619.0 US dollars), GDP per capita in Hungary (615.0 US dollars), but was less than GDP per capita in Italy (2 112.0 US dollars), GDP per capita in Austria (2 042.0 US dollars), GDP per capita in Greece (1 496.0 US dollars), GDP per capita in Bulgaria (1 059.0 US dollars), GDP per capita in Albania (1 053.0 US dollars).

Comparison of GDP in Yugoslavia and leaders in 1970. GDP of Yugoslavia was less than GDP of the United States (1 075.9 billion US dollars) in 73.9 times, GDP of Germany (215.0 billion US dollars) in 14.8 times, GDP of Japan (211.5 billion US dollars) in 14.5 times, GDP of the United Kingdom (130.7 billion US dollars) in 9.0 times, GDP of China (89.6 billion US dollars) in 6.2 times. GDP per capita in Yugoslavia was greater than GDP per capita in China (111.0 US dollars) in 6.5 times, but was less than GDP per capita in the United States (5 136.0 US dollars) in 7.1 times, GDP per capita in Germany (2 744.0 US dollars) in 3.8 times, GDP per capita in the United Kingdom (2 350.0 US dollars) in 3.3 times, GDP per capita in Japan (2 040.0 US dollars) in 2.8 times.

Potential GDP of Yugoslavia in 1970. With GDP per capita at the level of the United States (5 136.0 US dollars), GDP of Yugoslavia would be 103.7 billion US dollars, it is in 7.1 times more than the actual level. With GDP per capita at the level of Italy (2 112.0 US dollars), as the best neighbor, GDP of Yugoslavia would be 42.6 billion US dollars, it is in 2.9 times more than the actual level. With GDP per capita at the level of Europe (1 965.0 US dollars), GDP of Yugoslavia would be 39.7 billion US dollars, it is in 2.7 times more than the actual level. With GDP per capita at the level of Southern Europe (1 508.0 US dollars), GDP of Yugoslavia would be 30.4 billion US dollars, it is in 2.1 times more than the actual level. With GDP per capita at the level of the World (924.0 US dollars), GDP of Yugoslavia would be 18.7 billion US dollars, it is by 28.2% more than the actual level.

GDP of Yugoslavia, 1990

GDP of Yugoslavia in 1990 was equal to 92.4 billion US dollars, ranked 33rd in the world and was on par with GDP of Greece (97.9 bln. US dollars), GDP of Iran (96.4 bln. US dollars), GDP of Ukraine (93.6 bln. US dollars), GDP of Thailand (88.3 bln. US dollars). Share of Yugoslavia in the world GDP was 0.40%.

GDP per capita in Yugoslavia in 1990 was equal to 3 943.0 US dollars, ranked 67th in the world and was on par with GDP per capita in Trinidad and Tobago (4 148.0 US dollars), GDP per capita in Czech Republic (3 905.0 US dollars), GDP per capita in Russia (3 869.0 US dollars), GDP per capita in Cook Islands (3 777.0 US dollars), GDP per capita in Turkey (3 751.0 US dollars). GDP per capita in Yugoslavia was less than GDP per capita in the World (4 329.0 US dollars) by 386.0 US dollars.

Comparison of GDP in Yugoslavia and the neighbors in 1990. GDP of Yugoslavia was greater than GDP of Romania (40.6 billion US dollars), GDP of Hungary (37.0 billion US dollars), GDP of Bulgaria (20.7 billion US dollars), GDP of Albania (2.1 billion US dollars), but was less than GDP of Italy (1 177.4 billion US dollars), GDP of Austria (166.1 billion US dollars), GDP of Greece (97.9 billion US dollars). GDP per capita in Yugoslavia was greater than GDP per capita in Hungary (3 564.0 US dollars), GDP per capita in Bulgaria (2 350.0 US dollars), GDP per capita in Romania (1 728.0 US dollars), GDP per capita in Albania (654.0 US dollars), but was less than GDP per capita in Austria (21 549.0 US dollars), GDP per capita in Italy (20 653.0 US dollars), GDP per capita in Greece (9 662.0 US dollars).

Comparison of GDP in Yugoslavia and leaders in 1990. GDP of Yugoslavia was less than GDP of the United States (5 979.6 billion US dollars) in 64.7 times, GDP of Japan (3 140.0 billion US dollars) in 34.0 times, GDP of Germany (1 764.9 billion US dollars) in 19.1 times, GDP of the United Kingdom (1 093.2 billion US dollars) in 11.8 times, GDP of China (398.6 billion US dollars) in 4.3 times. GDP per capita in Yugoslavia was greater than GDP per capita in China (345.0 US dollars) in 11.4 times, but was less than GDP per capita in Japan (25 685.0 US dollars) in 6.5 times, GDP per capita in the United States (23 649.0 US dollars) in 6.0 times, GDP per capita in Germany (22 353.0 US dollars) in 5.7 times, GDP per capita in the United Kingdom (19 142.0 US dollars) in 4.9 times.

Potential GDP of Yugoslavia in 1990. With GDP per capita at the level of Japan (25 685.0 US dollars), GDP of Yugoslavia would be 602.0 billion US dollars, it is in 6.5 times more than the actual level. With GDP per capita at the level of Austria (21 549.0 US dollars), as the best neighbor, GDP of Yugoslavia would be 505.1 billion US dollars, it is in 5.5 times more than the actual level. With GDP per capita at the level of Southern Europe (13 996.0 US dollars), GDP of Yugoslavia would be 328.0 billion US dollars, it is in 3.5 times more than the actual level. With GDP per capita at the level of Europe (12 108.0 US dollars), GDP of Yugoslavia would be 283.8 billion US dollars, it is in 3.1 times more than the actual level. With GDP per capita at the level of the World (4 329.0 US dollars), GDP of Yugoslavia would be 101.5 billion US dollars, it is by 9.8% more than the actual level.

Size of GDP in Yugoslavia

Gross Domestic Product (GDP) in Yugoslavia, bln. US dollars
Prices197019801990
current prices14.670.092.4
constant prices197014.625.624.7
200573.0128.5123.7
Picture. Yugoslavia: GDP Picture. GDP: share of Yugoslavia in the world

GDP in Yugoslavia and its neighbors, bln. $
Country197019801990
Italy113.0475.71 177.4
Austria15.381.9166.1
Greece13.156.897.9
Yugoslavia14.670.092.4
Romania12.736.540.6
Hungary6.425.437.0
Bulgaria9.010.820.7
Albania2.32.12.1

GDP in Yugoslavia and leaders, bln. $
Country197019801990
United States1 075.92 862.55 979.6
China89.6305.3398.6
Japan211.51 099.73 140.0
Germany215.0946.71 764.9
United Kingdom130.7565.01 093.2
Yugoslavia14.670.092.4

Growth of GDP in Yugoslavia

Picture. Yugoslavia: GDP, growth Picture. Yugoslavia: GDP, growth

GDP per capita in Yugoslavia

Picture. Yugoslavia: GDP per capita Picture. Yugoslavia: GDP per capita

GDP per capita in Yugoslavia and its neighbors, $
Country197019801990
Austria2 042.010 775.021 549.0
Italy2 112.08 443.020 653.0
Greece1 496.05 909.09 662.0
Yugoslavia721.03 181.03 943.0
Hungary615.02 357.03 564.0
Bulgaria1 059.01 223.02 350.0
Romania619.01 613.01 728.0
Albania1 053.0799.0654.0

GDP per capita in Yugoslavia and leaders, $
Country197019801990
Japan2 040.09 487.025 685.0
United States5 136.012 468.023 649.0
Germany2 744.012 113.022 353.0
United Kingdom2 350.010 049.019 142.0
Yugoslavia721.03 181.03 943.0
China111.0312.0345.0

Structure of GDP in Yugoslavia

Structure of GDP by expenditures, %
Yearconsumption expenditurecapital formationnet export
totalhousehold expendituregovernment expendituretotalfixed capital formation
197069.352.516.835.928.4-4.8
198068.051.116.942.431.7-8.9
199083.766.117.622.114.7-5.8

© Ivan Kushnir

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