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 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)
“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)