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Conclusions

In: The Yugoslav Economy under Self-Management

Author

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  • Ljubo Sirc

Abstract

Looking back over the 30 years of the Yugoslav economy under communist management, observers usually first mention growth rates. The annual average rate of growth of the GSP in the whole period was just over 6 per cent, unless the jump of 20 per cent from 1947 to 1948 is also included in the calculation, when the rate becomes 6.7 per cent. This initial jump however was possible because the economy in 1947 was still depressed following the war and was considerably below the pre-war level to which it recovered in 1948. The rate of growth per head of population was about 1 per cent lower because that was the rate of population growth over the whole period. It was about 1.3 per cent in 1948–60 and about 0.9 per cent in 1961–76. The result is respectable though not spectacular since other countries in both East and West have achieved the same. The GSP per head in 1975 was dinars 23,562, equal to $ 1385, converted at the rate $ 1 equal to dinars 17. This is 4 times more than in 1939.

Suggested Citation

  • Ljubo Sirc, 1979. "Conclusions," Palgrave Macmillan Books, in: The Yugoslav Economy under Self-Management, chapter 16, pages 238-247, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04093-3_16
    DOI: 10.1007/978-1-349-04093-3_16
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