COMPARATIVE ANALYSIS OF MACROECONOMIC INDICATORS OF THE WESTERN BALKAN COUNTRIES

Abstract

The Western Balkans covers a small market consisted of six countries with less than eighteen million consumers and a total gross domestic product (GDP) of $144 billion, which is less than 1 percent of EU GDP. The region still lagging significantly behind the rest of Europe, with an average income per capita of only $7,650, which is only 14 percent of the EU average ($54,100). This paper is an insight into macroeconomic indicators for the observed countries, as well as their econometricstatistical analysis.