Bosnia and Herzegovina
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Population, 1000 persons | 3475 | 3453 | 3415 | . | . | . |
| GDP, real change in % | -3.0 | 7.4 | 3.9 | 1.7 | 1.9 | 2.5 |
| GDP per capita (EUR at PPP) | 9920 | 11120 | 11930 | . | . | . |
| Gross industrial production, real change in % | -6.4 | 9.8 | 1.0 | . | . | . |
| Unemployment rate - LFS, in %, average | 15.9 | 17.4 | 15.4 | 15.0 | 14.7 | 14.4 |
| Average gross monthly wages, EUR | 755 | 788 | 881 | . | . | . |
| Consumer prices, % p.a. | -1.1 | 2.0 | 14.0 | 9.0 | 4.0 | 2.5 |
| Fiscal balance in % of GDP | -5.2 | -0.3 | -1.0 | 0.5 | 1.0 | 1.0 |
| Public debt in % of GDP | 36.1 | 34.0 | 34.0 | . | . | . |
| Current account in % of GDP | -3.2 | -2.4 | -4.5 | -4.0 | -4.1 | -4.3 |
| FDI inflow, EUR m | 384 | 529 | 615 | . | . | . |
| Gross external debt in % of GDP | 63.9 | 58.3 | 51.4 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
publication_icon
Executive summary
Olga Pindyuk
in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. I-VI
Details
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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
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.