Bosnia and Herzegovina

On paper, Bosnia and Herzegovina has not done as badly as some other Balkan economies during the current crisis. GDP has declined by about 0.4% per year on average since 2009. Last year’s growth was below 1% and the recovery over the medium term should not be much faster than 2%. Employment has been stagnant, but social sustainability has deteriorated. The upcoming general elections could provide a chance to turn things around.

map Bosnia and Herzegovina
Main Economic Indicators201120122013201420152016
Population, 1000 persons.384038363840...
GDP, real change in %1.0-
GDP per capita (EUR at PPP)700071007300...
Gross industrial production, real change in %3.5-4.46.4...
Unemployment rate - LFS, in %, average27.628.027.527.027.027.0
Average gross monthly wages, EUR651660660...
Consumer prices, % p.a.
Fiscal balance in % of GDP-1.3-2.0-2.5...
Public debt in % of GDP40.543.943.0...
Current account in % of GDP-9.7-9.3-5.5-8.0-7.0-8.0
FDI inflow, EUR mn338273244...
Gross external debt in % of GDP25.827.828.5...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


BOSNIA AND HERZEGOVINA: Getting rid of the straitjacket

Vladimir Gligorov
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 91-93
Details and Buy


Monthly Report No. 11/2013

Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables