Economy of the Socialist Federal Republic of Yugoslavia
| Currency | Yugoslav dinar (YUD) |
|---|---|
| 1 January – 31 December (calendar year) | |
| Statistics | |
| GDP | $120.1 billion (24th) (1991 est.) |
| GDP rank | 24th (1991) |
GDP growth | −6.3% (1991) |
GDP per capita | $5,040 (59th) (1991 est., nominal) $3,549 (1990, at current prices) |
| 164% (7th) (1991 est.) | |
Labour force | 9,600,000 (32nd) (1991 est.) |
| Unemployment | 16% (21st) (1991 est.) |
Main industries | metallurgy, machinery and equipment, petroleum, chemicals, textiles, wood processing, food processing, pulp and paper, motor vehicles, building materials |
| External | |
| Exports | $13.1 billion (39th) (1991 est.) |
| Imports | $17.6 billion (32nd) (1991 est.) |
Gross external debt | $18 billion (36th) (1991 est.) |
| Public finances | |
| Revenues | $6.4 billion (51st) (1991 est.) |
| Expenses | $6.4 billion (52nd) (1991 est.) |
| Economic aid | $3.5 billion (1966–88) |
All values, unless otherwise stated, are in US dollars. | |
The Socialist Federal Republic of Yugoslavia (SFRY)'s economy was a developing planned economy largely in Southeast Europe from 1946 to 1992. It was hybrid socialist economic system that operated from the end of World War II until the country's dissolution in the early 1990s. The economy was characterized by a combination of market mechanisms and state planning, with a focus on worker self-management and decentralized decision-making.
The Yugoslav economy achieved significant growth and modernization during its early existence with a particularly strong emphasis on education, health care, and social welfare. Later political and economic instability in the region during the 1980s, led to the eventual collapse and dissolution of Yugoslavia by 1992. The largest economies of Yugoslavia were former Northern republics, namely Croatia, Serbia, and Slovenia; former Southern republics, Montenegro, North Macedonia, Kosovo, as well as Bosnia and Herzegovina underwent nation-building. All seven former republics have free trade agreements among themselves, with Croatia and Slovenia ascending into the European Union.