e contributed to the economic
difficulties of the republics. One singular factor in the economic
situation of Serbia is the continuation in office of a government
that is primarily interested in political and military mastery, not
economic reform. Hyperinflation ended with the establishment of a
new currency unit in June 1993; prices were relatively stable from
1995 through 1997, but inflationary pressures resurged in 1998.
Reliable statistics continue to be hard to come by, and the GDP
estimate is extremely rough. The economic boom anticipated by the
government after the suspension of UN sanctions in December 1995 has
failed to materialize. Government mismanagement of the economy is
largely to blame. Also, the Outer Wall sanctions that exclude
Belgrade from international financial institutions and an investment
ban and asset freeze imposed in 1998 because of Belgrade's
repressive actions in Kosovo have added to economic difficulties.

GDP: purchasing power parity--$25.4 billion (1998 est.)

GDP--real growth rate: 3.5% (1998 est.)

GDP--per capita: purchasing power parity?$2,300 (1998 est.)

GDP--composition by sector:
agriculture: 25%
industry: 50%
services: 25% (1994 est.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 48% (1998 est.)

Labor force: NA

Labor force--by occupation: industry 41%, services 35%, trade and
tourism 12%, transportation and communication 7%, agriculture 5%
(1994)

Unemployment rate: more than 35% (1995 est.)

Budget:
revenues: $NA
expenditures: $NA, including capital expenditures of $NA

Industries: machine building (aircraft, trucks, and automobiles;
tanks and weapons; electrical equipment; agricultural machinery);
metallurgy (steel, aluminum, copper, lead, zinc, chromium, antimony,
bismuth, cadmium); mining (coal, bauxite, nonferrous ore, iron ore,
limestone); consumer goods (textiles, footwear, foodstuffs,
appliances); electronics, petroleum products, chemicals, and
pharmaceuticals

Industrial production growth rate: 8% (1997 est.)

Electricity--production: 36.155 billion kWh (1996)

Electricity--production by source:
fossil fuel: 63.44%
hydro: 36.56%
nuclear: 0%
other: 0% (1996)

Electricity--consumption: 35.999 billion kWh (1996)

Electricity--exports: 156 million kWh (1996)

Electri