Bosnia and Herzegovina
During 2019-2021, economic growth is expected to slightly decelerate, partly due to the current political stalemate, related uncertainties, and slow reforms, with likely negative effects on investment. Still, the beginning of 2019 showed high consumer optimism, lending stronger support to growth than previously expected. Quick government formation seems crucial in ensuring higher investment growth in 2020-2021.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Population, 1000 persons | 3511 | 3504 | 3500 | . | . | . |
| GDP, real change in % | 3.1 | 3.2 | 3.1 | 2.7 | 2.8 | 2.8 |
| GDP per capita (EUR at PPP) | 9000 | 9300 | 9700 | . | . | . |
| Gross industrial production, real change in % | 4.4 | 3.2 | 1.6 | . | . | . |
| Unemployment rate - LFS, in %, average | 25.4 | 20.5 | 18.4 | 16.6 | 15.0 | 14.0 |
| Average gross monthly wages, EUR | 665 | 676 | 697 | . | . | . |
| Consumer prices, % p.a. | -1.6 | 0.8 | 1.4 | 1.5 | 1.6 | 1.4 |
| Fiscal balance in % of GDP | 1.2 | 2.6 | 2.8 | . | . | . |
| Public debt in % of GDP | 40.4 | 36.1 | 31.6 | . | . | . |
| Current account in % of GDP | -4.7 | -4.7 | -4.2 | -4.8 | -4.6 | -4.4 |
| FDI inflow, EUR mn | 256 | 413 | 409 | . | . | . |
| Gross external debt in % of GDP | 54.8 | 54.1 | 53.9 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 6/2019
Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure
BOSNIA AND HERZEGOVINA: Once again politics impede stronger growth
Goran Vuksic
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 67-70
Details and Buy