Stylized Facts

Reading Time: 15 minutes1. Introduction Real gross domestic product (real GDP) is the broadest summary measure of economic activity. It captures the value of goods and services produced in an economy after adjusting for inflation, allowing comparisons over time that are not distorted by changes in prices. For a small, open, upper-middle-income economy…

Reading Time: 15 minutes1. Introduction Real gross domestic product (real GDP) is the broadest single measure of economic activity. It summarises how much value an economy produces, adjusted for inflation, and thus captures the evolution of living standards, productive capacity and cyclical conditions over time. For a small, open, post-transition economy such as…

Reading Time: 12 minutes1. Introduction Real gross domestic product is the standard yardstick for measuring the scale of economic activity. In the case of Montenegro, quarterly real GDP is compiled as chain-linked volumes with 2020 set to 100, so changes in the index capture movements in the quantity of goods and services produced,…

Reading Time: 13 minutes1. Introduction Real gross domestic product is the central summary indicator of economic activity. Measured here as chain-linked volumes with 2020 set to 100, quarterly real GDP for Croatia tracks the evolution of the country’s production of goods and services after stripping out the effect of inflation. It therefore provides…

Reading Time: 10 minutesA seasonal view of a small open economy 1. Introduction Real gross domestic product is the basic yardstick economists use to track how an economy evolves through time. For Bosnia and Herzegovina, real GDP in chain-linked volumes with 2020 as the base year summarises a quarter of a century of…

Reading Time: 14 minutes(Bosnia and Herzegovina, Croatia, Montenegro, North Macedonia, Serbia, Slovenia) 1. Introduction Real gross domestic product is the central summary indicator of economic activity. Measured here as chain-linked volumes with 2020 as the reference year, quarterly real GDP tracks how much these economies produce after removing the effects of inflation, making…

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