Bosnia and Herzegovina

map Bosnia and Herzegovina
The year kicked off with economic growth that was somewhat higher than in 2023 – the result of a rise in household consumption, thanks to lower inflation and higher real wages. In anticipation of a further increase in consumption and a mild improvement in exports, we have revised our GDP growth forecast for 2024 slightly upward – to 2.6%. Inflation was stable at around 2% for the first half of the year, and is expected to remain at that level for the whole year. Local elections scheduled for October 2024 are unlikely to change the situation in the country fundamentally.
        FORECAST*
Main Economic Indicators202120222023202420252026
Population, 1000 persons345334343422...
GDP, real change in %7.44.22.12.62.93.1
GDP per capita (EUR at PPP)109901227013640...
Gross industrial production, real change in %9.80.9-3.9...
Unemployment rate - LFS, in %, average17.415.413.213.313.012.8
Average gross monthly wages, EUR788881995...
Consumer prices, % p.a.2.014.06.12.01.91.8
Fiscal balance in % of GDP-0.3-0.4-1.2-0.5-0.7-1.0
Public debt in % of GDP33.929.326.4...
Current account in % of GDP-1.5-4.4-2.3-3.3-3.1-3.0
FDI inflow, EUR m638806957...
Gross external debt in % of GDP57.551.647.5...


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. 7-8/2024

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Meryem Gökten, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 7-8, July-August 2024
45 pages including 5 Tables and 12 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
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