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:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)