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:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)