REGIONAL COOPERATION AND ECONOMIC INTEGRATION

CEFTA-2006 AND ANHANCING COMPETITIVENESS OF THE REGION - SOME SECTORAL ASPECTS
Country
Table 1: General macroeconomic data for the region countries (2008)
Population,
1000
persons
GDP,
EUR mill
GDP per
capita,
EUR
at PPP
Annual
inflation,
%
Unemplo -
yment rate,
reg., %
Current
account, %
GDP
Albania 3170 8632 6400 3.4 12.6 -12.7
Bosnia &
Herzegovina
3843 12476 6800 7.5 23.4 -12.8
Bulgaria 7602 34118 10100 12.0 5.6 -25.3
Croatia 4435 41416 13600 6.1 9.0 -10.9
Kosovo 1805 2378 2300 5.3 40.0 -
FYROM 2048 6695 8700 8.3 33.8 -12.7
Moldova 3790 4400 2930 11.5 2.1 -19.9
Montenegro 628 3340 11400 7.4 17.2 -29.2
Romania 21513 137035 11200 7.9 6.0 -12.3
Slovenia 2040 37126 23300 5.5 4.4 -5.9
Serbia 7350 33708 9300 11.7 14.0 -17.6
Source: The Vienna Institute for International Economic Studies (www.wiiw.ac.at ). For Moldova and Kosovo
IMF, World Bank and various international sources;
From the above data it can be concluded that five biggest economies (Romania, Croatia,
Slovenia, Bulgaria and Serbia) have the share of 88% in total GDP of the region.
Table 2: GDP growth rates 2006 - 2013
Country 2006 2007 2008 2009 2010 2014
Albania 5.5% 6.3% 6.8% 0.4% 2.0% 6.0%
Bosnia & Herzegovina 6.9% 6.8% 5.5% -3.0% 0.5% 4.5%
Bulgaria 6.3% 6.2% 6.0% -2.0% -1.0% 5.0%
Croatia 4.7% 5.5% 2.4% -3.5% 0.3% 4.0%
FYR Macedonia 4.0% 5.9% 5.0% -2.0% 1.0% 2.0%
Montenegro 8.6% 10.7% 7.5% -2.7% -2.0% 4.0%
Moldova 4.8% 4.0% 7.2% -3.4% 0.0% 5.0%
Romania 7.9% 6.2% 7.1% -4.1% 0.0% 4.1%
Serbia 5.2% 6.9% 5.4% -2.0% 0.0% 5.5%
Slovenia 5.9% 6.8% 3.5% -2.7% 1.4% 3.5%
Source: IMF World Economic Outlook, April, 2009
Due the recession trends macroeconomic forecasts are changing very often in the direction
of reducing average annual growing rates.
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