Bosnia and Herzegovina

map Bosnia and Herzegovina
GDP growth in 2023 is estimated to have been 1.7% and to have been largely driven by a rise in consumer spending, spurred by falling inflation and higher real wages. Inflation averaged 6.1% last year; it is expected to continue to fall – to 2.8% in 2024 and 2.5% in 2025. GDP growth is likely to rise to 2.5% in 2024 and 2.9% in 2025, bolstered by increased individual and government spending, alongside a modest improvement in exports. The European Commission’s decision in March 2024 to open EU accession negotiations for Bosnia and Herzegovina provides added momentum and impetus for economic growth.
Main Economic Indicators202120222023202420252026
Population, 1000 persons345334343410...
GDP, real change in %
GDP per capita (EUR at PPP)109901227012780...
Gross industrial production, real change in %9.80.9-3.9...
Unemployment rate - LFS, in %, average17.415.413.212.912.712.4
Average gross monthly wages, EUR788881995...
Consumer prices, % p.a.
Fiscal balance in % of GDP-0.3-0.41.0-0.5-0.7-1.0
Public debt in % of GDP33.929.326.9...
Current account in % of GDP-1.8-4.3-2.8-3.6-3.1-3.0
FDI inflow, EUR m610754874...
Gross external debt in % of GDP57.251.448.9...

Basic data are continuously updated.

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


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


Monthly Report No. 1/2024

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, Marko Sošić, Bernd Christoph Ströhm, Maryna Tverdostup and Adam Żurawski
wiiw Monthly Report No. 1, January 2024
50 pages including 5 Tables and 18 Figures