Proceedings of The 11th International Conference on Modern Research in Management, Economics and Accounting
Economic and Military Strength of South Balkan Countries in the years of Crisis (2009-2018)
Dr. Anastasia Paris
This article looks at the economic performance of four Balkan countries in the period 2010 and 2019. The Balkan countries are Albania, Bulgaria, North Macedonia, and Greece. The economic performance is examined in terms of gross domestic product, trade balance and current account. Weight is placed on the reasons that the above countries experienced economic crises and how they recovered. Then, emphasis is located on military expenditure against GDP for all above countries. Finally, comparison of military forces is conducted.
Keywords: current account, economic crisis, gross domestic product, military expenditure.