We're always looking for ways to make better. Have an idea? See something that needs fixing? Let us know!

Yugoslavia: The "Perspective" Five-Year Plan
Country Study > Chapter 3 > The Economy > Economic History > The "Perspective" Five-Year Plan


In the five years between the first and second five-year plans, the Yugoslav economy followed ad hoc annual plans. During this interval, a high rate of investment and savings was maintained. In 1957 the government introduced a Second Five-Year Plan, called the "Perspective Plan" because its stated goals were not strictly mandatory. The primary purpose of this plan was to incorporate the principles of socialist self-management. The plan specified scope, expected trends in demography and productivity, volume and allocation of investment, and increases in production on the federal level. But enterprises, communes, and republics were left to their own devices in reaching production levels. They devised their own plans, then submitted them to the Federal Planning Commission. That body then consulted with republic planning institutes and drew up the final plan according to federal government policies.

Yugoslav economists consider the Second Five-Year Plan the most effective postwar Yugoslav economic plan. Its achievements came, however, at the expense of negative impact on the international balance of payments, uneven domestic investment patterns (which once again allocated insufficient investment resources to agriculture), growing unemployment, inflation, and cash-flow problems. Nonetheless, fulfillment of the plan was declared ahead of schedule in 1960.

Data as of December 1990

Last Updated: December 1990

Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for Yugoslavia was first published in 1990. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.

Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on

Yugoslavia Main Page Country Studies Main Page

Section 87 of 208


Click any image to enlarge.

National Flag

(din.) Yugoslav Dinar (YDN)
Convert to Any Currency