Bosnia and Herzegovina

map Bosnia and Herzegovina
The economy grew more strongly than expected in 2021, due to a significant rise in industrial production, private consumption and exports. However, growth in 2022 is expected to be much weaker, given the threats of high inflation brought about by the war in Ukraine and the rise in local political tensions. The entity governments have failed to reach agreement on decisions that are important to the country’s progress, and this is undermining its prospects for European integration, while also rendering it less attractive to both foreign investors and its own citizens, who are leaving the country in droves.
Main Economic Indicators201920202021202220232024
Population, 1000 persons349134753445...
GDP, real change in %2.8-
GDP per capita (EUR at PPP)10110984010890...
Gross industrial production, real change in %-5.3-6.49.8...
Unemployment rate - LFS, in %, average15.715.917.416.816.315.7
Average gross monthly wages, EUR727755788...
Consumer prices, % p.a.0.6-
Fiscal balance in % of GDP1.9-
Public debt in % of GDP32.736.635.4...
Current account in % of GDP-2.8-3.8-2.1-3.7-3.9-4.1
FDI inflow, EUR m388364445...
Gross external debt in % of GDP63.164.360.1...

Basic data are continuously updated.

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


Executive summary

Vasily Astrov
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. I-VII


Monthly Report No. 1/2022

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Marcus How, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 1, January 2022
58 pages including 4 Tables and 21 Figures