Bosnia and Herzegovina

map Bosnia and Herzegovina
The economy has bounced back since restrictions were eased in Q2 2021, growing by 11.6% (and thus more than recouping last year’s decline). Mass vaccination has started, but the public’s interest in getting inoculated has been far lower than expected; this poses an additional risk to the health sector, as the fourth wave of the pandemic is already upon the country. The introduction of a law proscribing genocide denial has led to fresh political tensions in the country and disruption to the work of government institutions by politicians from Republika Srpska; this could have economic repercussions.
Main Economic Indicators201820192020202120222023
Population, 1000 persons349634913475...
GDP, real change in %3.72.8-
GDP per capita (EUR at PPP)9620101109840...
Gross industrial production, real change in %1.6-5.3-6.4...
Unemployment rate - LFS, in %, average18.415.715.916.916.515.9
Average gross monthly wages, EUR697727755...
Consumer prices, % p.a.1.40.6-
Fiscal balance in % of GDP2.21.9-5.3-2.2-0.50.2
Public debt in % of GDP34.232.836.6...
Current account in % of GDP-3.3-2.8-3.8-2.5-2.8-3.2
FDI inflow, EUR m507388364...
Gross external debt in % of GDP65.663.164.3...

Basic data are continuously updated.

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


Executive summary

Vasily Astrov
in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. I-VI


Monthly Report No. 7-8/2021

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 7-8, July-August 2021
42 pages including 4 Tables and 15 Figures