462-6566; there are Yugoslav Consulates General in Chicago,
Cleveland, New York, Pittsburgh, and San Francisco;

US--Ambassador Warren ZIMMERMAN; mailing address Box 5070,
Belgrade or APO New York 09213-5070; telephone [38] (11) 645-655; there
is a US Consulate General in Zagreb

_#_Flag: three equal horizontal bands of blue (top), white, and red
with a large red five-pointed star edged in yellow superimposed in the
center over all three bands

_*_Economy
_#_Overview: For 20 years Communist Yugoslavia had been trying to
replace the Stalinist command economy with a decentralized semimarket
system that features worker self-management councils in all large plants.
This hybrid system neared collapse in late 1989 when inflation soared.
The government applied shock therapy in 1990 under an IMF standby
program that provides tight control over monetary expansion, a freeze
on wages, the pegging of the dinar to the deutsche mark, and a partial
price freeze on energy, transportation, and communal services. This
program brought hyperinflation to a halt and encouraged a rise in
foreign investment. Since June 1990, however, inflation has
rebounded and threatens to rise further in 1991. Estimated annual
inflation for 1990 is 164%. Other huge problems remain: rising
unemployment, the low quality of industrial output, and striking
differences in income between the poorer southern regions and the
comparatively well-off northern areas. Even so, political issues far
outweigh economic problems in importance.

_#_GNP: $120.1 billion, per capita $5,040; real growth rate - 6.3%
(1990 est.)

_#_Inflation rate (consumer prices): 164% (1990)

_#_Unemployment rate: 16% (1990)

_#_Budget: revenues $6.4 billion; expenditures $6.4 billion, including
capital expenditures of $NA (1990)

_#_Exports: $13.3 billion (f.o.b., 1990 est.);

commodities--raw materials and semimanufactures 50%, consumer goods
31%, capital goods and equipment 19%;

partners--EC 53%, USSR and Eastern Europe 27%,
less developed countries 12.9%, US 4.8%, other 2.3%

_#_Imports: $17.6 billion (c.i.f., 1990 est.);

commodities--raw materials and semimanufactures 79%, capital goods
and equipment 15%, consumer goods 6%;

partners--EC 53.5%, USSR and Eastern Europe 22.8%,
less developed countries 15.4%, US 4.6%, other 3.7%

_#_External debt: $18.0 billion, medium and long term (December 1990)

_#_Industrial production: growth rate - 10.9% (1990)