Eurostat publishes data on GDP of EU, W. Balkans

[MiG]

Eurostat publishes data on GDP of EU, Western Balkan states

Eurostat published Wednesday data on the GDP of 27 EU member-states, three EFTA countries (Norway, Switzerland and Iceland), candidate countries (Macedonia, Croatia and Turkey) and four Western Balkan states (Bosnia&Herzegovina, Montenegro, Serbia and Albania).

Gross Domestic Product (GDP) per inhabitant in Macedonia, expressed in purchasing power standards, was 33 percent of the EU average in 2008.

Bosnia&Herzegovina (31%) and Albania (26%) are the countries with lower indicators than Macedonia.

Serbian GDP per inhabitant was 36 percent the EU average, whereas Montenegro (43%) is better than the last of the EU member-states, Bulgaria with 41 percent.

Pertaining to the EU candidate-countries, Croatia's GDP amounts to 63 percent, whereas Turkey's 46 percent the EU average.

Luxembourg heads the list with more than two and a half times the EU27 average (276%), while Ireland (135%) and the Netherlands (134%) recorded levels about one third above average. Austria, Denmark, Sweden, Finland, Germany, the United Kingdom and Belgium were between 15% and 25% above the EU average. France, Spain and Italy registered GDP per inhabitant between 0% and 10% above the EU average, while Cyprus, Greece and Slovenia were between 0% and 10% below the average. The Czech Republic, Malta, Portugal, and Slovakia were between 20% and 30% lower than the EU average. Estonia, Hungary, Lithuania, Latvia and Poland were between 30% and 50% lower, while Romania and Bulgaria were between 50% and 60% below the EU average.

Moreover, EFTA countries Norway (191%), Switzerland (141%) and Iceland (121%) are all above the EU average.

Source: macedoniaonline.eu/content/view/10966/2/

[radovic]

How does Eurostat get it's figures?

IMF (and the CIA world factbbok figures based on the IMF) gives PPP (the figures used by eurostat) at the following levels Croatia $18,400, Montenegro a GDP per cap of $10,100, Serbia $10,800, Bosnia $6,500, Macedonia $9,100, Albania $6,000. The EU average, $33,700.

This would indicate:
Croatia- 55%.
Montenegro- 30%.
Serbia- 32%.
Bosnia- 19%.
Macedonia- 27%.
Albania- 18%.

This is the same organization that two years ago claimed the GDP per capita of northern Italy was higher then Germanies.

In Croatia's case they are of by some 15%, Serbia's by 12%, Montenegro's by 43% or so, 22% by Macedonia, the case of Bosnia and Albania by some 50%.

[Username]

It's nice to see how well Slovenia is doing.. by 2014, the IMF if predicting it will have passed Spain, Italy, Greece and Portugal (I think it has already actually) in GDP (PPP) per capita. But no surprise there.

Imagine how well Yugoslavia would be doing now had it stayed together.. or had its republics avoided the wars. Definitely at the top of Eastern Europe, and probably would have made their way into Western European numbers.

[todhrimencuri]

Or... imagine how shitty Slovenia would be if it was still carrying the heavy weight called Yugoslavia...

[Username]

Dec 16, 2009 13:47:05 GMT -5 @todhrimencuri said:

Or... imagine how s**tty Slovenia would be if it was still carrying the heavy weight called Yugoslavia...

Regardless of whether Slovenia would be in it or not, Yugoslavia would still be the richest post-communist European country if it stayed together. Still a nice title, don't you think?

Edit: and I think Croatia is in the top 5 in gdp (ppp) per capita in eastern Europe. Not bad at all for a country who went through 3 years of war.

[insomniac]

Maybe if it didn't have the wars. Still Slovenia and Croatia would be carrying the weight for Bosnia, Serbia, Macedonia and Kosovo.

Yugoslavia's gdp per capita would be lower, as a consequence.

[Username]

Dec 16, 2009 13:57:51 GMT -5 @insomniac said:

Maybe if it didn't have the wars. Still Slovenia and Croatia would be carrying the weight for Bosnia, Serbia, Macedonia and Kosovo.

Yugoslavia's gdp per capita would be lower, as a consequence.

Yes but still higher than any other Eastern European country, just like during its communist times....

[insomniac]

I don't know about that. After communism, a lot of eastern block countries had high growth.

Like Czech Republic. But yeah Yugoslavia would've been among the top.

[radovic]

Dec 16, 2009 13:47:05 GMT -5 @todhrimencuri said:

Or... imagine how s**tty Slovenia would be if it was still carrying the heavy weight called Yugoslavia...

Ironically Slovenia now gives more the EU budget for development then it did in any time during Yugoslavia.

And the alledged Yugoslav monstrosity still cuased it to develop faster then all the soviet subsidized Eastern European economies which paid into no oens development.

So it's carrying the dead weight of Romania -- too quote Slovenian critics of the EU.

[radovic]

Dec 16, 2009 13:57:51 GMT -5 @insomniac said:

Maybe if it didn't have the wars. Still Slovenia and Croatia would be carrying the weight for Bosnia, Serbia, Macedonia and Kosovo.

Yugoslavia's gdp per capita would be lower, as a consequence.

They never carried the weight of Serbia. Serbia the only country whose economic development well at the level of 100% of the Yugoslav average was always paying into the development of Bosnia, Macedonia, Montenegro and Kosovo (as were Vojvodina, Croatia, Slovenia). (The first three were at some 60-75% of the level, Kosov was at some 30%) <-- During the last time plans were made the bar was lowered to 80% so that Bosnia would beocme a net contributor.

It also seems Montenegro benefited most from the war. I mean honestly, before the war only the poor would travel to Montenegro. People form Serbia would go to Croatia -- hell more people from Serbia would go to Greece then to Montenegro then.

During the 90s, Montenegro essentially had more tourists annualy then during the 80s becuase of travel restrictionson FRY citizens and general poverty making international travel impractical. [Also Montenegro had the smallest drop in economy]