21, Nov 2009, CST. Welcome to the Bosnia and Herzegovina economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Bosnia and Herzegovina › Change country
National or Regional Currency: Convertible Mark, BAM
Year of data: 2008 › Change year
Number of Indicators Listed: 18
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 4,613,414 (July 2009 est.)
Area: total: 51,209.2 sq km land: 51,197 sq km water: 12.2 sq km
Natural Resources: coal, iron ore, bauxite, copper, lead, zinc, chromite, cobalt, manganese, nickel, clay, gypsum, salt, sand, forests, hydropower
Government Type: Bosnia and Herzegovina government type
Government Ministers: Bosnia and Herzegovina ministers
Capital: Sarajevo
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

The interethnic warfare in Bosnia and Herzegovina caused production to plummet by 80 per cent from 1992 to 1995 and unemployment to soar. With an uneasy peace in place, output recovered in 1996-99 at high%age rates from a depressed base; but output growth delayeded in 2000-02. Part of the lag in output was made up in 2003-08 when Gross Domestic Product (GDP) growth exceeded 5 per cent per year. banks and financial institutions and financial services reform accelerated in 2001 as all the Communist-era payments bureaus were shut down; foreign banks and financial institutions, primarily from Western Europe, now control most of the banks and financial institutions and financial services sector. The konvertibilna marka (convertible mark or BAM)- the national currency introduced in 1998 - is pegged to the euro, and confidence in the currency and the banks and financial institutions and financial services sector has increased. Bosnia's private sector is expanding and Foreign Direct Investment (FDI) is slower than hoped increasing, but government spending, at nearly 40 per cent of adjusted Gross Domestic Product (GDP), remains high because of redundant government offices at the state, entity and municipal level. Implementing privatisation, however, has been delayed, in particular in the Federation where political division between ethnically-based political parties makes agreement on economic policies more difficult. A sizeable national current account balance deficit and high uneployment figures remain the two most major economic problems. Successful implementation of a value-added taxation in 2006 provided a predictable source of revenue for the state and aided bring in gray market activity. national-level statistics and indicators have also improved over time but a large share of economic activity remains unofficial and unrecorded. Bosnia and Herzegovina became a full member of the Central European Free trade (imports and exports) Agreement in September 2007. Bosnia's economy has been largely sheltered from the global financial downtown although key economic indicators have worsened. Key exporting countries in the metal, automobile and wood processing industries have reported a worsening performance and have announced layoffs and output reductions.
More on the Bosnia and Herzegovina Economy
More on the Bosnia and Herzegovina Export, Import and Trade

GDP (Constant Prices, National Currency) for Bosnia and Herzegovina in year 2008 is BAM 17.11 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Bosnia and Herzegovina in year 2008 is 5.5 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Bosnia and Herzegovina in year 2008 is BAM 24.545 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Bosnia and Herzegovina in year 2008 is US$ 18.469 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Bosnia and Herzegovina in year 2008 is 143.452 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Bosnia and Herzegovina in year 2008 is BAM 4,285.03 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Bosnia and Herzegovina in year 2008 is BAM 6,146.95 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Bosnia and Herzegovina in year 2008 is US$ 4,625.42 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Bosnia and Herzegovina in year 2008 is not available

GDP (PPP), US Dollars for Bosnia and Herzegovina in year 2008 is US$ 30.389 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Bosnia and Herzegovina in year 2008 is US$ 7,610.69 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Bosnia and Herzegovina in year 2008 is not available

Implied PPP Conversion Rate for Bosnia and Herzegovina in year 2008 is 0.808 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Bosnia and Herzegovina in year 2008 is not available

Gross National Savings (% of GDP) for Bosnia and Herzegovina in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Bosnia and Herzegovina in year 2008 is 126.685 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Bosnia and Herzegovina in year 2008 is 7.397 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Bosnia and Herzegovina in year 2008 is 120.333 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Bosnia and Herzegovina in year 2008 is 3.8 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Bosnia and Herzegovina in year 2008 is not available

Unemployment Rate (% of Labour Force) for Bosnia and Herzegovina in year 2008 is not available

Employment for Bosnia and Herzegovina in year 2008 is not available

Population for Bosnia and Herzegovina in year 2008 is 3.993 Million .

General Government Balance (National Currency) for Bosnia and Herzegovina in year 2008 is not available

General Government Balance (% of GDP) for Bosnia and Herzegovina in year 2008 is not available

General Government Structural Balance (National Currency) for Bosnia and Herzegovina in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Bosnia and Herzegovina in year 2008 is not available

General Government Net Debt (National Currency) for Bosnia and Herzegovina in year 2008 is not available

General Government Net Debt (% GDP) for Bosnia and Herzegovina in year 2008 is not available

General Government Gross Debt (National Currency) for Bosnia and Herzegovina in year 2008 is not available

General Government Gross Debt (% GDP) for Bosnia and Herzegovina in year 2008 is not available

Current Account Balance (US Dollars) for Bosnia and Herzegovina in year 2008 is US$ -2.766 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Bosnia and Herzegovina in year 2008 is -14.975 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.