Throughout the 1970s, Yugoslavia's GDP grew each year at annual rates ranging from 3.6 to 8.5 percent. Unlike the rest of the Eastern Bloc, Yugoslavia had a socialist economy with elements of market capitalism and was more open to trade outside of the communist sphere. However, Yugoslavia was greatly affected by the oil crises of the period, and its national debt (to both the Eastern and Western Blocs) and unemployment rates both rose significantly in the late 1970s. These economic difficulties persisted into the 1980s, where GDP growth fell in several years until the eventual collapse of the economy at the end of the decade.
Annual percentage change in the gross domestic product (GDP) of Yugoslavia from 1970 to 1990
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Routledge. (December 31, 1993). Annual percentage change in the gross domestic product (GDP) of Yugoslavia from 1970 to 1990 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1076286/gdp-change-yugoslavia-1970-1990/
Routledge. "Annual percentage change in the gross domestic product (GDP) of Yugoslavia from 1970 to 1990." Chart. December 31, 1993. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1076286/gdp-change-yugoslavia-1970-1990/
Routledge. (1993). Annual percentage change in the gross domestic product (GDP) of Yugoslavia from 1970 to 1990. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1076286/gdp-change-yugoslavia-1970-1990/
Routledge. "Annual Percentage Change in The Gross Domestic Product (Gdp) of Yugoslavia from 1970 to 1990." Statista, Statista Inc., 31 Dec 1993, https://www.statista.com/statistics/1076286/gdp-change-yugoslavia-1970-1990/
Routledge, Annual percentage change in the gross domestic product (GDP) of Yugoslavia from 1970 to 1990 Statista, https://www.statista.com/statistics/1076286/gdp-change-yugoslavia-1970-1990/ (last visited August 24, 2024)
Annual percentage change in the gross domestic product (GDP) of Yugoslavia from 1970 to 1990 [Graph], Routledge, December 31, 1993. [Online]. Available: https://www.statista.com/statistics/1076286/gdp-change-yugoslavia-1970-1990/