Economy
The currency of Republika Srpska is the Bosnia and Herzegovina convertible mark (KM). A so-called "regulatory guillotine" means that it takes only a few days to register a business there, whereas in the Federation of Bosnia and Herzegovina it often takes several months. Gross domestic product (PPP) was estimated in 2010 at about US$7,895 per capita, but growth in the particular area was measured as being the highest in Bosnia, with 6,5%.
| GDP of Republika Srpska 2006-2010. (in millions KM) | ||||
| 2006. | 2007. | 2008. | 2009. | 2010. |
|---|---|---|---|---|
Read more about this topic: Republika Srpska
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)