Economy
Sarajevo is economically strongest region in the whole of Bosnia and Herzegovina. The city and canton generate more than 37% of the Bosnian-Herzegovinian GDP. The economy of Sarajevo Canton is slowly growing better, although it has been severely weakened by the Siege of Sarajevo and is still drastically weaker than it used to be. The employment rate in Bosnia and Herzegovina is 45.5% officially; however, grey economy may reduce actual unemployment to between 25 and 30%, while in Sarajevo the official unemployment rate is around 15% of the labour force.
Major industries in the region include tourism, food processing, and manufacturing. Several major Bosnian companies are based in the Canton, and the area holds the country footholds of numerous foreign corporations, such as Coca Cola.
Read more about this topic: Sarajevo Canton
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)