Bosnia and Herzegovina

map Bosnia and Herzegovina
Growth in 2022 was 3.9%. This was better than expected, thanks to a rise in private consumption and gross capital formation. However, the continuing high inflation and increasing interest rates are likely to drag growth in 2023 down to 1.7%. The formation of governments after the October 2022 elections is not yet quite complete, but the shape of most of the structures is clear and reveals a slight move away from nationalist parties. The country gained EU candidate status in December 2022, even though the conditions required had not been met. This could provide a fillip to the country’s progress in the coming period.
Main Economic Indicators202020212022202320242025
Population, 1000 persons347534533415...
GDP, real change in %-
GDP per capita (EUR at PPP)99201112011930...
Gross industrial production, real change in %-
Unemployment rate - LFS, in %, average15.917.415.415.014.714.4
Average gross monthly wages, EUR755788881...
Consumer prices, % p.a.-
Fiscal balance in % of GDP-5.2-0.3-
Public debt in % of GDP36.134.034.0...
Current account in % of GDP-3.2-2.4-4.5-4.0-4.1-4.3
FDI inflow, EUR m384529615...
Gross external debt in % of GDP63.958.351.4...

Basic data are continuously updated.

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


Executive summary

Olga Pindyuk
in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. I-VI


Monthly Report No. 4/2023

Vasily Astrov, Olga Pindyuk, Maryna Tverdostup and Sergey Utkin
wiiw Monthly Report No. 4, April 2023
53 pages including 2 Tables and 33 Figures