Bosnia and Herzegovina

map Bosnia and Herzegovina
Economic activity in 2025 showed moderate growth, with variable performance across the different sectors. Real GDP expanded by 2.1% in Q3 2025 (year on year), faster than in both Q1 and Q2, driven by services, trade, transport and hospitality; meanwhile manufacturing contracted, putting something of a damper on overall growth. In Q4, growth was probably even stronger, given the robust increase in industrial production and retail sales in October and November. All in all, we estimate GDP growth for 2025 as a whole at 2.2%.
        FORECAST*
Main Economic Indicators202320242025202620272028
Population, 1000 persons342234123320...
GDP, real change in %2.03.22.22.73.03.0
GDP per capita (EUR at PPP)1359014630....
Gross industrial production, real change in %-3.9-4.0-1.8...
Unemployment rate - LFS, in %, average13.212.613.112.712.212.1
Average gross monthly wages, EUR99510931246...
Consumer prices, % p.a.6.11.74.02.82.21.8
Fiscal balance in % of GDP-1.2-1.8-2.0-1.3-1.0-1.0
Public debt in % of GDP26.426.126.0...
Current account in % of GDP-2.1-3.5-4.4-4.3-4.2-3.8
FDI inflow, EUR m1044926750...
Gross external debt in % of GDP47.147.345.3...


Basic data are continuously updated.

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

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Monthly Report No. 1/2026

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej Grodzicki, Ioannis Gutzianas, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Biljana Jovanovikj, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Marina Tverdostup
wiiw Monthly Report No. 1, January 2026
58 pages including 6 Tables and 15 Figures

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


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