EconomySerbia was the largest constituent republic of the former Yugoslavia. Between 1990 and the overthrow of Slobodan Milosevic in 2000, civil war followed by economic sanctions reduced its economy to less than half its previous output. Much of its infrastructure and industrial capacity was destroyed.
Since 2000, the economic outlook has been brighter and the lifting of sanctions has restored access to international markets and capital. GDP growth for 2007 was estimated at 7.5%. Serbia continues to suffer from high unemployment (20.9% in 2006). The country is preparing to join the European Union once the Kosovo issue has been resolved.
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