On 21 November 1995, in Dayton, Ohio, the former Yugoslavia's three warring parties signed a peace agreement that brought to a halt over three years of interethnic civil strife in Bosnia and Herzegovina (the final agreement was signed in Paris on 14 December 1995). The Dayton Agreement, signed by Bosnian President IZETBEGOVIC, Croatian President TUDJMAN, and Serbian President MILOSEVIC, divides Bosnia and Herzegovina roughly equally between the Muslim/Croat Federation and the Bosnian Serbs while maintaining Bosnia's currently recognized borders. An international peacekeeping force (IFOR) of 60,000 troops began to enter Bosnia in late 1995 to implement and monitor the military aspects of the agreement and is scheduled to depart the country within one year. A High Representative appointed by the UN Security Council is responsible for civilian implementation of the accord, including monitoring implementation, facilitating any difficulties arising in connection with civilian implementation, and coordinating activities of the civilian organizations and agencies in Bosnia and Herzegovina. The Bosnian conflict began in the spring of 1992 when the Government of Bosnia and Herzegovina held a referendum on independence and the Bosnian Serbs - supported by neighboring Serbia - responded with armed resistance aimed at partitioning the republic along ethnic lines and joining Serb-held areas to form a "greater Serbia." In March 1994, Bosnia's Muslims and Croats reduced the number of warring factions from three to two by signing an agreement in Washington creating their joint Muslim/Croat Federation of Bosnia and Herzegovina.
Economy
Economic overview:
Bosnia and Herzegovina ranked next to The Former Yugoslav Republic of Macedonia as the poorest republic in the old Yugoslav federation. Although agriculture has been almost all in private hands, farms have been small and inefficient, and the republic traditionally has been a net importer of food. Industry has been greatly overstaffed, one reflection of the rigidities of communist central planning and management. TITO had pushed the development of military industries in the republic with the result that Bosnia hosted a large share of Yugoslavia's defense plants. The bitter interethnic warfare in Bosnia caused production to plummet, unemployment and inflation to soar, and human misery to multiply. No economic statistics for 1992-95 are available, although output clearly has fallen substantially below the levels of earlier years and almost certainly is well below $1,000 per head. The country receives substantial amounts of humanitarian aid from the international community.
GDP:
purchasing power parity - $1 billion (1995 est.)
GDP real growth rate:
NA%
GDP per capita:
$300 (1995 est.)
GDP composition by sector:
agriculture:
NA%
industry:
NA%
services:
NA%
Inflation rate (consumer prices):
NA%
Labor force:
1,026,254
by occupation:
NA%
Unemployment rate:
NA%
Budget:
revenues:
$NA
expenditures:
$NA, including capital expenditures of $NA
Industries:
steel, coal, iron ore, lead, zinc, manganese, bauxite, vehicle assembly, textiles, tobacco products, wooden furniture, tank and aircraft assembly, domestic appliances, oil refining; much of capacity damaged or shut down (1995)
Industrial production growth rate:
NA%
Electricity:
capacity:
3,800,000 kW
production:
NA kWh
consumption per capita:
NA kWh (1993)
Agriculture:
wheat, corn, fruits, vegetables; livestock
Illicit drugs:
NA
Exports:
$NA
commodities:
NA
partners:
NA
Imports:
$NA
commodities:
NA
partners:
NA
External debt:
$NA
Economic aid:
recipient:
ODA, $NA
Currency:
1 dinar = 100 para; Croatian dinar used in Croat-held area, presumably to be replaced by new Croatian kuna; old and new Serbian dinars used in Serb-held area; hard currencies probably supplanting local currencies in areas held by Bosnian Government
Exchange rates:
NA
Fiscal year:
calendar year
