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.

map Bosnia and Herzegovina
        FORECAST*
Main Economic Indicators201120122013201420152016
Population, 1000 persons.384038363832...
GDP, real change in %1.0-1.22.50.01.02.0
GDP per capita (EUR at PPP)700071007300...
Gross industrial production, real change in %2.4-3.95.2...
Unemployment rate - LFS, in %, average27.628.027.527.027.027.0
Average gross monthly wages, EUR650660660...
Consumer prices, % p.a.3.72.00.20.01.02.0
Fiscal balance in % of GDP-1.3-2.1-2.2...
Public debt in % of GDP40.844.642.4...
Current account in % of GDP-9.6-9.2-5.9-8.0-7.0-8.0
FDI inflow, EUR mn340261241...
Gross external debt in % of GDP25.827.828.2...


Basic data are continuously updated.

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

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BOSNIA AND HERZEGOVINA: Awaiting change

Vladimir Gligorov
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

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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
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