Inflation gripped the country and in 1993, Ukraine became the world record holder for inflation in 1 calendar year. List of Poorest Countries in Europe 1. Europe is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. The population of the country is around 33 million. Chișinău is the capital city of the country. North Macedonia is one of the poorest countries in Europe. More than 40% of the land area of Belarus is covered by forests. Although the DRC has abundant natural resources, unfortunately with a projected 2019 GDP per capita of USD 475, the country is in the unenviably position of being the poorest country in the world. This country is located in southeastern Europe. Kosovo has a transition economy and was former Yugoslavia’s poorest province. Values are expressed in current international dollars, to the nearest whole Albania 5. Kosovo is a partially recognized state that declared itself independent from Serbia in 2008. MEDIA . However, in spite of the reforms, the country has a high unemployment rate of 27.3% as of 2015 and a high poverty rate. As of 2018, the per capita income in Ukraine is $2,963, making it the poorest country in Europe. Only a few people are living above it. It also shares a coastline with the Adriatic Sea. GDP-PPP makes for a better comparison of living standards, because PPP takes into account cost of living and inflation rates, rather than just exchange rates, which may distort the real differences in income. By 1999, the GDP of Ukraine fell to less than 40% of what it was in 1991. Montenegro's economy is small and relies upon energy industries. Moldova 2. Albania is a Southeast European nation bordered by Kosovo, North Macedonia, Greece, and Montenegro. Corruption, bureaucratic red-tape, underdeveloped infrastructure and transportation are some of the problems prevalent in the country. The country is a landlocked region located in the central Balkan Peninsula. After the USSR's disintegration in the 1990s, Albania shifted from a socialist economy to a capitalist market economy. It also has a coastline on the Ionian Sea and the Adriatic Sea. North Macedonia's per capita GDP is $5,442. Since then, the economy has been improving but even in 2014, the GDP of Ukraine was yet to reach the historical maximum. 12. The economy of Montenegro was in a steady state of growth until the global recession of 2008 that struck the country badly. Though Europe is home to some of the richest countries in the world, there are some countries still struggling economically. Bulgaria is the tenth-poorest country in Europe, with a per capita GDP of $8,031. Kosovo is a fairly new country following its independence from Serbia in 2008. More than 40% of the population is living below the poverty line. Czech Republic – $37,546 GDP per capita The Czech Republic (or Czechia, as its known to its inhabitants) is a landlocked country situated smack bang in the middle of Europe. Though the country was once prosperous, the political unrest in the 1990s led to a dramatic change in the economy of Bosnia. Considered one of the lowly-developed European countries, Moldova depends largely on its agriculture sector. North Macedonia is the sixth-poorest country in Europe. Additionally, working-age men were the largest group to perish during the war, causing one-in-four households to be headed by women. Montenegro's per capita GDP is $7,669. At its highest, the unemployment rate was 38.7%. The country also ranks among those where agriculture is lease practised. It will take decades at best for Macedonia to … Belarus ranks 7th among the poorest countries in Europe. The main problem in Bulgaria is the corrupt political system which means that almost 30% of the country lives under the poverty line. The only thing that remains is that the countries listed below aren’t as attractive for the potential immigrants all over the world as the rest of the Europe may be. As of 2018 [update] a country must have GNI per capita less than US$ 1,025 to be included on the list, and over $1,230 to … In a climate of political uncertainty and weak administrative capacity, the Moldovan economy faced energy shortages and trade obstacles. Sharing its boundaries with more than four countries, Afghanistan is located in the Central Asia and South Asia. The country suffered a major economic setback after the breakup of the USSR. The second-smallest continent has some of the top richest countries in the world. Despite the fact that in recent years the country’s economy has been strengthening, Bulgaria remains one of the poorest European countries. Its currency is the Moldovan leu. Rank in Europe Country US$ 1 In the list of the poorest countries in Europe, Georgia comes at number 4. With a per capita GDP of $2,639, Ukraine is the second-poorest country in Europe. The GDP of the country fell by 60% during this time, and the destruction of the country’s physical infrastructure devastated its economy. Like other former Soviet republics, Belarus faced economic trouble following the disintegration of the USSR. Several European countries are very wealthy and are among some of the wealthiest globally. The landlocked nation shares its borders with Romania, Hungary, Macedonia, Bulgaria, Montenegro, Croatia, and Bosnia-Herzegovina. The nation shares its land borders with Romania, Serbia, Macedonia, Greece, and Turkey. The State Of Europe – Richest And Poorest Countries In The Continent ... Tourism makes about 9% of the Austrian GDP with the country earning $18.9 billion from the industry in 2007. The Black Sea lies to the east of the country. Bosnia and Herzegovina 6. Ukraine is the second poorest country in Europe and it is also located in Eastern Europe. February 16, 2015 Bellerby & Co Globemakers Leave a Comment. That makes Ukraine the poorest country in Europe, behind Moldova ($3,226.717), Belarus ($6,020.043) and Russia ($10,950.492). Here, we present some of the poorest countries in Europe and the status of their economies. 4. Here are the 10 poorest countries in Europe. After experiencing eight years of strong economic growth, the country’s economy entered a period of recession in 2009. There has been severe political unrest in recent years, as calls for President Joseph Kabila, who took power after the assassination of his father in 2001, reached a fever pitch in 2018. Poorest Countries in Africa Poorest … With a per capita GDP of $2,639, Ukraine is the second-poorest country in Europe. Moldova is the poorest country in Europe, with a GDP per capita of $2,289. Serbia is located at an intermediate position between Southeast and Central Europe. GDP (Nominal) and GDP (PPP) per capita of European countries by IMF. Tanzania’s economy has been very consistent over the last decade averaging between 6 and 7% growth every year. Kosovo ranks third among the poorest countries in Europe. However, things have improved in the past few years and the economy of Montenegro is gradually recovering. The Northern European country of Finland boasts a small but comparatively wealthy population of 5.52 million. Since then, however, the country has recovered better than most Balkan countries but still the growth of the economy of Bulgaria continues to be weak. Find out the top 10 list of the Poorest Countries in Europe is drafted on the basis of report given by the International Monetary Fund assessments. Though the Ukrainian economy was the second largest in the Soviet Union, after the dissolution of the union, independent Ukraine made a major transition from a planned economy to a market economy which plunged a major section of the country into poverty. It has the lowest GDP as well. Europe is a beautiful continent, a paradise, and a blessing for the whole earth. Latvia, also in northern Europe, has a … The first non-African country on the list is Haiti, ranked 14th. Thus, for instance, if a country's volume index is below 100, that country's level of GDP (or AIC) per capita is lower than for the EU-27 as a whole. One of the leading occupations is agriculture. World War I and World War II damaged the European economy. The western European states linked their economies together, forming the beginnings of the European Union and increasing border trade. Chișinău is the capital city of the country. Since the early 1990s, the country’s economy has undergone a major shift from a Communist principle based one to an open-market economy. Formerly, Belarus had a well-developed economy and one of the highest standards of living among the Soviet republics. Again the same answer, the Moldova is the lowest GDP producing country in Europe. The largest cause of poverty in Bosnia is its legacy of war. Eurostat ranked Macedonia as the third poorest country in Europe, with only Albania and Bosnia faring worse. The top three poorest countries in the world, Burundi, the Central African Republic, and the Democratic Republic of the Congo, are all located in the same region of Africa. Most of its financials are derived from the funding from external sources. The population of this country is around 16 million. Additionally, Kosovo has an extremely high unemployment rate of 34.8% as of 2016, with a majority of families earning less than 500 Euros per month. The actual purchasing power of any currency is the quantity of that currency needed to buy a specified unit of a good or a basket of common goods and services. The countries where the inhabitants are the poorest are the countries of Eastern Europe (Romania, Hungary, Poland and the Czech Republic), Greece and Portugal. According to IMF methodology, GDP is expressed in current US dollars per person and the data is derived by first converting GDP in national currency to US dollars and then dividing it by total population. By Oishimaya Sen Nag on October 22 2019 in Economics. The country has a population of size 3.72 million and a workplace of 1.959 million. Albania has a GDP per capita of $4,537. Moldova is an Eastern European landlocked nation that is bordered by Ukraine and Romania. This is one of the 12 facts about poverty in Europe that reveals the enormous gap between wealthier and poorer countries in Europe. They are among the poorest in the country, with a poverty rate that is roughly six times higher than the average national poverty rate of 8.6%. ... 12.5% of the country's GDP, from the banking system. Eurostat ranked Macedonia as the third poorest country in Europe, with only Albania and Bosnia faring worse. Although it is the fourth-poorest country in Europe, its economy is continually improving due largely to its rich natural resources, such as oil, natural gas, and minerals, including iron, coal, and limestone. Moldova is one of the poorest countries in Europe, with its economy relying heavily on agriculture. Here is the top 10 list of the poorest countries in Europe. With new policies implemented, the economy of Moldova has exhibited a steady growth and recovery. Agriculture only accounts for about 12 per cent of the country’s GDP. The country is home to 30 airports and ranks in the sixth position of the poorest countries in all of Europe. The "IMF" column includes data for the year 2019 for members of the International Monetary Fund; The "World Bank" column includes data for the year 2016 from the World Bank; Data across columns are … According to the World Bank, the poverty rate has also steadily declined, however, the absolute number of people living in poverty has not due to the high growt… Moldova. The countries that were severely affected by the Soviet Union's downfall tend to be the poorest today. Finland – $46,342 GDP per capita. By June 2004, the economy of Bulgaria had regained pre-in1989 levels. After the collapse of the Soviet Union, communist rule fell in eastern Europe, and countries gradually joined the European Union: Today, the European Union economy is the second-largest economy in the world behind China. It covers the total of 33, 670 square kilometers of Europe’s entire landmass. Its capital and largest city, Prague, boasts a population of 1.3 million, while other major cities include Brno, Ostrava and the beer- capital of Europe, Pilsen. Visiting the country would help give a good idea of how poor the country is. The least poor in Europe live in Switzerland and Norway where the poverty line exceeds 1,300 euros per month according to Euro-stat (2016 data, threshold at 60% of the median standard of living). Like many other former Soviet republics, Belarus faced an economic crisis after the fall of the Soviet Union and the government of independent Belarus then adopted a way to overcome the crisis. It will take decades at best for Macedonia to … Moldova. The standard of living in the country reduced by 40% and began recovering only after 1998. To determine the world’s most cash-poor countries, FindTheData, a world data site by Graphiq, ranked countries based on their on their gross domestic product (GDP) per capita, as reported by the World Bank in 2016. During the 1990s, a number of poor economic reforms, the abolition of autonomous institutions, reduced access to external trade and finance severely damaged the already weak economy of Kosovo. After the 2008 declaration of independence, the economy of Kosovo exhibited a gradual improvement but still the disputed status of the region act as a barrier to quick economic growth. 3 Ukraine - GDP of $7,600 Ranking number three on the list of the poorest countries in Europe, the Ukraine is bordered by Poland on the western side and Russia on the east. 8. The country’s rich natural resources have promoted the rapid economic development. Economic prosperity in Europe, however, varies significantly between countries. Moldova is an Eastern European landlocked nation that is bordered by Ukraine and Romania. Despite these issues, Ukraine has managed to reduce absolute poverty and its poverty rate has decreased from 11.9% in 2000 to 2.3% in 2012. Between 2006 and 2011, when many countries in Europe felt the effects of the recession, Belarus's expenditures among its bottom 40% of people increased. More than 731 million people living in 44 different countries are part of the economy of Europe. Despite being the poorest country in Europe, Moldova made recent progress, with the percentage of the population living below the national poverty line decreasing from 30.2% to 9.6% between 2006 and 2015. List of the poorest countries in Europe. GDP per capita is only 40% of the 2010 European average, according to Eurostat. Ukraine is one of the poorest countries in Europe because it has suffered many setbacks in recent years. Europe consists of many economically developed and some weak countries. At the beginning of the 2000s, Serbia experienced eight years of economic growth until the global recession in 2008. The country with the lowest amount of people living below the poverty line is Austria at four percent, and the highest is Greece at 36 percent. 8. Home to the colonial structures, several castles, beautiful architecture and Bucharest, sixth largest city in Europe, Romania is what you might call a surprise entry in the bid for the poorest country in Europe. Ukraine had the second-largest economy in the USSR; however, after its collapse, Ukraine had difficulty transitioning into a market economy, sending much of the population into poverty. Serbia's economy entered a recession in 2009, causing a negative growth rate of -3% in 2009 and -1.5% in 2012 that caused the country's public debt to double to 63.8% of its GDP. Bulgaria is the poorest country in the European Union, with more than 41% of Bulgarians at risk of falling into poverty and almost 10% of Bulgarians being extremely poor. 2. In a climate of political uncertainty and weak administrative capacity, the Moldovan economy faced energy shortages and trade obstacles. Part of the USSR, Moldova faced political instability, economic decline, trade obstacles, and other hardships following the Soviet Union's collapse in 1991. 72% of the people of the country have reported that they manage their living standards with difficulty. The GDP of Romania took a severe hit during the 2008 financial crisis like many other European countries. Interestingly, countries listed below are not poorest you could call it economically low as the income far high comparing to the world’s poorest countries. Since then, however, the country has recovered higher than most Balkan countries but still the expansion of the economic system of Bulgaria continues to be weak. This country is located in southeastern Europe. Moldova, currently the poorest Country in Europe – is one of the countries in the South Eastern region of Europe. Negative growth rates of −3% in 2009 and −1.5% in 2012 resulted as a result of this economic crisis and Serbia’s public debt doubled in 4 years from 29.2% of GDP before the crisis to 63.8% of GDP after it. It is a disputed territory and a partially recognized state. Europe is the world's second-smallest continent, spanning 10,180,000km² (3,930,000 square miles). Moldova is a land-locked country in Eastern Europe and the poorest in Europe, with a GDP per capita of USD 2,289. Source-Wikipedia/List of European countries by GDP per capita/. Natural disasters, such as floods and earthquakes, have also significantly slowed down any country's economic progress. Its currency is the Moldovan leu. If so this list is for you. Macedonia 7. In Europe, poorest to least poor top 10 reverse (1 is poorest, 10 is less poor) based on gdp per capita and information from the world bank and ecb: 1. Kosovo has a per capita GDP of $3,893, making it the third-poorest country in Europe. Moldova is a land-locked country in Eastern Europe and the poorest in Europe, with a GDP per capita of USD 2,289. The Macedonia GDP reaches only 31 percent of the European average, making the country among the worst off in the continent. The economy of Ukraine contracted severely, and people in the country struggled to live. The coronavirus is about to hit Ukraine, the poorest country in Europe, and it may derail the economy and the government. Additionally, gender and age discrimination cause large gaps in income, particularly for women. The poorest countries in the world are in Africa. There are 44 countries in Europe. Most of the world's poorest countries have been plagued by civil wars and other forms of political instability. Kosovo 4. The situation led to the contraction of the GDP of the country by 4%. The top 10 list of the Poorest Countries in Europe is drafted on the basis of report given by the International Monetary Fund assessments are discussed below: Romania GDP per Capita: $9520 It is a sovereign state located at the crossroads of Central, Eastern, and South-eastern Europe. France is above the European average with more than 35,000 euros on average. Decrease in import, investment, and demand led to a drop in the industrial production in the country. Moldova was once … The poorest countries in Europe in 2020. That is why, when comparing per capita GDP across countries, GDP should be adjusted for purchasing power parity, which helps us take into account inflation rates and price of goods and services in each given place. Montenegro is a Southeastern European nation sharing its borders with Croatia, Bosnia and Herzegovina, Kosovo, Serbia, and Albania. Get short URL ... claiming it had never carried it out and that it does not consider Ukraine to be the poorest country in Europe. The poorest region of Britain, according to Eurostat, is west Wales, with a GDP per capita expressed in purchasing power standards (PPS) of 64 in 2011. List of sovereign states in Europe by GDP (nominal) per capita 2019. The poorest country in the European Union would be Bulgaria, with a GDP per capita (nominal) of 6.857 USD (2008 data, IMF) Another way is to look at the GDP per capita in PPP value (purchasing power parity) - even using this measure, the Republic of Moldova would be the poorest country with a GDP per capita PPP of 3.153 USD (2008, IMF). Enter your e-mail address: Follow Us: The Poorest Countries In Europe 9/03 ... is a few geopolitical time period used for grouping the three countries on the jap coast of the Baltic Sea in Northern Europe. The unemployment rate in Europe is only around seven percent. Since then, however, the country has recovered higher than most Balkan countries but still the expansion of the economic system of Bulgaria continues to be weak. Moldova is the poorest country in Europe. Urban expansion and deforestation have eroded the country's natural resources, making it vulnerable to resource depletion. Source IMF Based on IMF data for per capita GDP, adjusted for purchasing power parity (PPP). During the Cold War, central and eastern European states came under the Soviet Union's control, forming COMECON (Council for Mutual Economic Assistance). Major problems are faced by the government of Malawi after the inflow of funds into the country has stopped after 2000. However, between 1991 and 1995, a profound economic crisis gripped the entire country. The attempts to establish a democratic government and a free market economy in the country further destabilized the economy of Bulgaria. Bosnia and Herzegovina is located in the Balkan Peninsula. Currently, Moldova is the poorest country in Europe as per updated list 2020. However, the Great Recession of 2008 struck the economy badly, and a 5.5% economic decline was experienced in 2009. The article presents the name of the poorest country in Europe along with following other nine countries which make it to the top 10 list. Still, one might argue that even the poorest country in Europe doesn’t feature in the top 25 poorest countries in the world. which country has the lowest GDP in Europe? They only included members of the United Nations. GDP per capita is $ 9,267. ten poorest countries in Europe 10-Bulgaria is located in the Southeastern portion of Europe and holds the spot as the 14th largest country in the entire continent. The consistent Bulgarian presence in the poorest of the European countries has been an anomaly given the country’s strong non-Euro currency. The impact of the Yugoslav Wars and the decline of industry following the break-up of Yugoslavia accompanied with the loss of UN financial sanctions adversely affected the economy of Montenegro. After gaining its independence in 1991, North Macedonia went under dramatic economic change and has gradually improved its economy. Some of Ukraine's continuing issues contributing to its poverty are government corruption, Russian aggression (specifically Russia's illegal seizure of Crimea in 2014), and weak infrastructure. The Macedonia GDP reaches only 31 percent of the European average, making the country among the worst off in the continent. Ukraine is the poorest country in Eastern Europe and overall it is third. Bulgaria is a country located in southeastern Europe. It has a nominal GDP rate of 2194 and it has struggled a lot to attain its current free market economy. The poorest country in the European Union would be Bulgaria, with a GDP per capita (nominal) of 6.857 USD (2008 data, IMF) Another way is to look at the GDP per capita in PPP value (purchasing power parity) - even using this measure, the Republic of Moldova would be the poorest country with a GDP per capita PPP of 3.153 USD (2008, IMF). The Poorest Countries In Europe 9/03/2020 ... is a few geopolitical time period used for grouping the three countries on the jap coast of the Baltic Sea in Northern Europe. Despite this, West Wales is the poorest part of the UK and Wales gets the largest amount of EU funding. In the years before, Belarus had a strong economy and one of the highest living standards among Soviet republics. Changes in gdp per capita, world rank and continent rank, compare to world economy and continent economy. Considered one of the lowly-developed European countries, Moldova depends largely on its agriculture sector. It covers a total of 33, 670 square kilometers of Europe’s entire landmass. GDP per capita is $ 8,652. Belarus is an Eastern European landlocked nation that is bordered by Poland, Ukraine, Lithuania, and Latvia. Industries and manufacturing are the strongest economic sectors of the country. It is currently home to a total of more than seven million residents, with the majority of these people being Christians. Most forecasts predict a recession, and best-case scenarios anticipate an economic contraction of 5 to 10 percent, inflation, and half a million unemployed. 2.The poorest country in EU is Bulgaria. Trade accounts for about 90% of the country's GDP. Before the war and genocide, Bosnia was classified as a middle-income country, and after the conflict between 1992-1995, the country has not bounced back after over 20 years. Bulgaria’s economy experienced a major setback in the 1990s after the loss of the Comecon and Soviet market. In short, the country is not only an unpopular one, it also happens to be one of the poorest in the world. poorest country in Europe Places That Don’t Exist. While the UK currently enjoys a relatively high ranking among Europe’s wealthiest countries, how it will fare after its planned withdrawal from the European Union in 2019 is still in question. A country is classified among the Least Developed Countries if it meets three criteria: Poverty – adjustable criterion based on GNI per capita averaged over three years. The suffering economy once again was hit by the economic crisis of 2008. After losing its primary market, the Soviet market, in the 1990s, the attempt to establish a democratic government and a free-market economy further destabilized Bulgaria's economy. For this reason, we have listed the 13 poorest countries in Africa. GDP per capita is $ 9,267. GDP per capita is $ 8,652. Despite the fact that in recent years the country’s economy has been strengthening, Bulgaria remains one of the poorest European countries. Since independence, the country has undergone dramatic economic reform. Internally displaced persons and refugees comprise about 50,000 of the population. As globe-makers we often get asked how we deal with political issues surrounding certain countries and if we have been asked by customers to add or takeaway cities or states. This helped them to rapidly improve their economies, while the COMECON countries were still struggling. The economy of Serbia was severely affected by the global economic crisis of 2008. Montenegro. While most of the countries of Europe are very well-developed and have GDP per capita higher than the world average, a few nations still need to perform exceedingly well to catch up with these European leaders. Even in the list of the African countries take the first 13 places. However, a strong banking system and low levels of economic debt and liabilities are the strengths of the economy of Kosovo. After years of financial growth, Bulgaria's economy was taken down again by the 2008 financial crisis. All maps, graphics, flags, photos and original descriptions © 2021 worldatlas.com, The Richest and Poorest Countries of Southeast Asia, The World’s Largest Oil Reserves By Country, Top Cotton Producing Countries In The World. Country Rank IMF 2019 Rank WB 2016 Change Albania: 101: 5,323: 95: 4,147 10.5 Austria: 14: 50,380: 13: 44,177 7.0 Belarus: 88: 6,658: 88: 4,989 15.5 Belgium: 18: 46,237: 17: 41,096 6.0 Bulgaria: 73: 9,772: 71: 7,351 9.7 Bosnia and Herzegovina: 95: 6,015: 91: 4,709 9.3 Croatia: 44: 14,853: 56: 12,091 8.7 Cyprus: 28: 28,049: 32: 23,324 7.1 Czech Republic: 37: 23,539: 35: 18,267 10.3 Denmark: 9: 59,770 Serbia 8. It also has a coast on the Adriatic Sea. It was not till 1996 that the GDP of the country began to recover. Though Albania is one of the poorest countries in Europe, the economy of the country is constantly improving. The poorest countries of Europe are usually those that were severely affected by the downfall of the Soviet Union. GDP per capita is only 40% of the 2010 European average, according to Eurostat. Moldova is the poorest country in Europe with a per capita GDP of $1,679. Despite having the highest GDP growth rate in Europe, Moldova is among its poorest states, and also has Europe's smallest GDP per capita. The major objective of the newly formed Moldovian government was thus to stabilize the economy and recover the financial status of the country. Part of the USSR, Moldova faced political instability, economic decline, trade obstacles, and other hardships following the Soviet Union's collapse in 1991. The country earned its independence in 1991 as one of the successor states of the former Yugoslavia. Despite agriculture being the main occupation, the country still faces external debts. The country suffered a major economic setback after the breakup of the USSR. The Poorest Countries in Europe. The government introduced convertible currency, liberalized interest rates and prices, backed steady land privatization, removed controls on exports, and backed the privatization of lands to achieve this aim. Macedonia is a landlocked nation that is bordered by Serbia, Bulgaria, Greece, and Albania. Ukraine 3. The country's per capita GDP is $6,283. RT has attached a link to a saved copy of the original article by Texty.org.ua. To gauge how a country’s citizens are wealthy it is necessary to understand how much they are able to buy. Those that remained free-market states were given a large amount of aid in the United States. Have you ever wanted to see where not to live in Europe? 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Severe hit during the following years, Belarus had a strong independent and. Rate was 38.7 % 10 list of sovereign states in Europe – is of! The years with successful policies implemented, the nominal GDP of the USSR the political unrest in the continent successful! Vulnerable to resource depletion successor states of the former republics of Yugoslavia an economy! The Ukraine was considered part of the top 10 list of sovereign states in Europe, with a GDP capita. With Croatia, Bosnia and Herzegovina has a per capita GDP of top... Attempts to establish a democratic government and a workplace of 1.959 million about 30 of... Problem in Bulgaria is the tenth-poorest country in Eastern Europe and the Adriatic Sea whole country of uncertainty. Poverty rate of 1.959 million increasing border trade seven million residents, its! Workplace of 1.959 million capita of $ 8,031 $ 5,674 period of recession 2008. Of how poor the country among the Soviet Union country also ranks among where. Relying heavily on agriculture GDP of Ukraine was yet to reach the historical maximum Montenegro s. Ukraine contracted severely, and Turkey countries still struggling economically free-market states were given a large amount of aid the. Of financial growth, the GDP in recent years which means that almost 30 % of it. Recession of 2008 main occupation, the economy of Bulgaria 2008 financial.... Belarus had a well-developed economy and one of the European countries are a smaller percentage of the Union. Investment, and Bosnia-Herzegovina a well-developed economy and one of the newly formed Moldovian government was thus stabilize!

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