Bosnia and Herzegovina
The economy is benefiting from highly supportive external conditions, which are driving strong growth of remittances and exports. These trends should continue this year, and feed through to higher domestic employment and private consumption growth. The political situation remains problematic, and is unlikely to change before the upcoming election. During the forecast period, the economy should grow in the 3-3.5% per year range.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Population, 1000 persons | 3518 | 3511 | 3505 | . | . | . |
| GDP, real change in % | 3.1 | 3.1 | 3.0 | 3.4 | 3.3 | 3.3 |
| GDP per capita (EUR at PPP) | 8700 | 9000 | 9300 | . | . | . |
| Gross industrial production, real change in % | 3.1 | 4.4 | 3.1 | . | . | . |
| Unemployment rate - LFS, in %, average | 27.7 | 25.4 | 20.5 | 19.4 | 18.8 | 18.3 |
| Average gross monthly wages, EUR | 659 | 665 | 676 | . | . | . |
| Consumer prices, % p.a. | -1.0 | -1.1 | 1.2 | 1.6 | 1.9 | 1.9 |
| Fiscal balance in % of GDP | 0.7 | 1.2 | 1.0 | . | . | . |
| Public debt in % of GDP | 41.9 | 40.5 | 40.8 | . | . | . |
| Current account in % of GDP | -5.4 | -4.9 | -4.8 | -4.6 | -4.6 | -4.5 |
| FDI inflow, EUR mn | 334 | 247 | 388 | . | . | . |
| Gross external debt in % of GDP | 54.3 | 54.8 | 53.6 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
BOSNIA AND HERZEGOVINA: Positive external conditions driving growth
Richard Grieveson
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 77-80
Details and Buy
Monthly Report No. 7-8/2017
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, August 2017
27 pages including 1 Table and 2 Figures