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Bosnia and Herzegovina
Bosnia and Herzegovina was enjoying respectable growth before being hit by floods in May and June. As a consequence, it is quite likely that no growth will be registered for the current year as a whole. If industrial production and exports hold up, risks may prove to be on the upside. In the medium term, acceleration of growth will hinge on two factors: the efficiency of the reconstruction efforts and the outcome of the crucial parliamentary elections on 12 October. The President of Republika Srpska secured Putin’s support, thus making the polls a highly competitive affair. The outcome in that entity proved mixed, with predictable outcomes in the rest of the country, so politics will continue to be a drag on economic recovery.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||3840||3836||3832||.||.||.|
|GDP, real change in %||1.0||-1.2||2.5||0.0||1.0||2.0|
|GDP per capita (EUR at PPP)||7000||7100||7200||.||.||.|
|Gross industrial production, real change in %||2.4||-3.9||5.2||.||.||.|
|Unemployment rate - LFS, in %, average||27.6||28.0||27.5||27.5||27.0||27.0|
|Average gross monthly wages, EUR||650||660||660||.||.||.|
|Consumer prices, % p.a.||3.7||2.0||0.2||-0.9||1.0||2.0|
|Fiscal balance in % of GDP||-1.3||-2.1||-2.2||.||.||.|
|Public debt in % of GDP||40.8||44.6||42.5||.||.||.|
|Current account in % of GDP||-9.6||-9.2||-5.9||-8.0||-7.0||-8.0|
|FDI inflow, EUR mn||340||261||241||.||.||.|
|Gross external debt in % of GDP||25.8||27.8||28.2||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
BOSNIA AND HERZEGOVINA: Awaiting change
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 101-103 Details and Buy
Monthly Report No. 7-8/2014
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures Details