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
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“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)
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