Annual change in Yugoslavia's GDP 1970-1990

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.