page_title: Mini Schengen Zone
section_title: Economy of Member States
hierarchical_section_title: Mini Schengen Zone / Economy of Member States
caption_attribution_description: Čeština: Ulice Knez Mihajlova v centru Bělehradu English: Knez Mihajlova Street in central Belgrade Српски / srpski: Knez Mihajlova ulica u centru Beogradu
context_page_description: The Mini Schengen Zone is an Economic Zone between Serbia, Albania and North Macedonia. It was declared on October 10, 2019 in Novi Sad. Two more meetings were held, one in Ohrid on November 11, 2019 and the other in Durres on December 12, 2019. The three countries declared that they will form an unified market of 12 million people until the end of 2020. With this Union, goods between these three countries will flow quicker, people from these countries will be able to cross the border with ID only, and more than 30 million hours will be saved between the borders of these three countries every year. This economic Zone is preparing countries to become members of the European Union.
  Serbia
  Albania
  North Macedonia
context_section_description:  Serbia
   GDP:$51.533 bilion
   GDP PPP:$137.126 bilion
   GDP per capita:$7.398
   GDP PPP per capita:$19.767
  GDP growth:-1.8%(2020),7.5%(2021)
  Inflation:1.4%(2020)
   Albania
   GDP:$15.418 bilion Center of Serbia]]
   GDP PPP:$40.151 bilion
   GDP per capita:$5373
   GDP PPP per capita:$13.991
  GDP Growth:-5%(2020),8.0%(2021)
  Inflation:2.0%(2020)
   North Macedonia
   GDP:$12.672 bilion
  GDP PPP:$34.694
   GDP per capita:$6.096
   GDP PPP per capita:$16.486
  GDP growth:-4%(2020),7.0%(2021)
  Inflation:-0.9%(2020)
caption: Belgrade,Serbia
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