Proceedings of The World Conference on Management, Business and Economics
Economic Performance and Military Expenses of the 4 Strongest Balkan Countries Since 1988
Prof Dr. Anastasia Paris
This article looks at the economic performance of the four strongest Balkan countries that are Romania, Greece, Bulgaria and Croatia, in the period 1988 – 2019. The economic performance is studied in terms of gross domestic product, inflation, interest rate, trade balance and current account. The reasons behind the economic fluctuations will be thoroughly analyzed. Furthermore the military expenditures will be studied and considered against gross domestic product.
Keywords: current account; gross domestic product; inflation; interest rate; military expenditure.