Yugoslavia - Economic sectors

The sanctions of the 1990s hurt the economic sectors of Yugoslavia, especially industry. Unable to reach export markets or to import needed materials, many companies had to cease operations. Formerly one of the chief sources of copper in Europe, Serbia's mining industry also suffered during the 1990s, and many factories in the manufacturing sector became idle. But as sanctions were lifted, the industrial sector soon started up again. By 1998, the contributions of industry to the GDP were as follows: manufacturing and mining accounted for 33.9 percent; construction, 5.6 percent; agriculture, forestry, and fishing, 19.9 percent; trade, tourism, and catering, 18.7 percent; crafts, 9.9 percent; and transport and communications, 12 percent. Agriculture was estimated to account for 20 percent of GDP, industry 50 percent, and services 30 percent by 1998. The government hoped to encourage exports in agricultural goods, food processing, textiles, furniture, pharmaceuticals, metallic ores, and to boost tourism, particularly in Montenegro, in order to earn foreign exchange.