Economy of the Republic of Macedonia 19083 213834567 2008-05-21T00:19:50Z Pegship 355698 stub sort The breakup of [[Socialist Federal Republic of Yugoslavia|Yugoslavia]] in 1991 deprived the '''Economy of the [[Republic of Macedonia]]''', then its poorest republic (only 5% of the total federal output of goods and services), of its key protected markets and large transfer payments from the center. An absence of infrastructure, [[United Nations]] sanctions on its largest market [[Federal Republic of Yugoslavia]], and a [[Greece|Greek]] economic embargo hindered economic growth until 1996. Worker remittances and foreign aid have softened the subsequent volatile recovery period. GDP has increased each year except in 2001, rising by 5% in 2000. However, growth in 1999 was held down by the severe regional economic dislocations caused by the [[Kosovo war]]. Successful privatization in 2000 boosted the country's reserves to over $700 million. Also, the leadership demonstrated a continuing commitment to economic reform, free trade, and regional integration. The economy can meet its basic food needs but depends on outside sources for all of its oil and gas and most of its modern machinery and parts. [[Inflation]] jumped to 11% in 2000, largely due to higher oil prices. {{Macedonia-stub}} {{Economy of Europe}} [[Category:Economies by country|Macedonia]] [[Category:Economy of the Republic of Macedonia]] [[ca:Economia de la República de Macedònia]] [[cs:Ekonomika Makedonie]] [[es:Economía de la República de Macedonia]] [[gl:Economía da República de Macedonia]] [[io:Ekonomio di Republiko Macedonia]] [[it:Economia della Repubblica di Macedonia]] [[oc:Economia de la Republica de Macedònia]] [[pt:Economia da República da Macedónia]] [[sq:Ekonomia e Ish Republikës Jugosllave të Maqedonisë]]