Serbia and Montenegro

A

Agriculture, Forestry, and Fishing

Agriculture contributed over 19 per cent of the country’s GDP in 1995, and employed 30 per cent of its labour force. Chief crops were maize, sugar beet, potatoes, grapes, and plums. Production in 2005 included 6.3 million tonnes of maize, 1,100,000 tonnes of potatoes, 475,000 tonnes of grapes, 3 million tonnes of sugar beet, and 2.7 million tonnes of wheat. Livestock in 2005 included 1.23 million cattle, 3.55 million pigs, 1.8 million sheep, and 17.5 million poultry.

Serbia and Montenegro had a significant forestry industry. Roundwood removals in 2004 totalled 3.52 million cu m (124 million cu ft). Fisheries, however, were not of great economic significance.

B

Mining

Some of Europe’s largest reserves of copper ore are located in the former Serbia and Montenegro. There are also important deposits of bauxite, coal, petroleum, lead, and zinc. Production in 2003 included 40.2 million tonnes of coal, 600,000 tonnes of bauxite, 30,000 tonnes of copper ore, 4.93 million barrels of crude petroleum, 115,000 tonnes of aluminium, 1,500 tonnes of zinc, and 1,000 tonnes of lead.

C

Manufacturing

Key manufactures of the former Serbia and Montenegro included chemicals, electronics, iron and steel, machinery, textiles, and transport equipment. However, the entire manufacturing sector was heavily affected by sanctions, particularly on imports of raw materials.

D

Energy

In 2003, 66.6 per cent of electricity generated in the country came from thermal plants, with the rest being produced by hydroelectric installations. In 2003, 36 billion kWh of electricity were generated.

E

Currency and Banking

The new dinar is the official currency of Serbia. The dinar is divided into 100 paras. Montenegro adopted the Euro in January 2002.