Bosnia and Herzegovina Economic Statistics and Indicators

25, Feb 2018, EST. 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: 2015 › Change year
Number of Indicators Listed: 40
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 3,871,643 (July 2014 est.)
Area: total: 51,197 sq km ; land: 51,187 sq km ; water: 10 sq km
Natural Resources: coal, iron ore, bauxite, copper, lead, zinc, chromite, cobalt, manganese, nickel, clay, gypsum, salt, sand, timber, hydropower
Capital: name: Sarajevo ; geographic coordinates: 43 52 N, 18 25 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Bosnia has a transitional economy with limited market reforms. The economy relies heavily on the export of metals, energy, textiles and furniture as well as on remittances and foreign aid. A highly decentralized government hampers economic policy coordination and reform, while excessive bureaucracy and a segmented market discourage foreign investment. The interethnic warfare in Bosnia and Herzegovina caused production to plummet by 80% from 1992 to 1995 and unemployment to soar. With an uneasy peace in place, output recovered in 1996-99 but slowed in 2000-02 and picked up again during 2003-08, when GDP growth exceeded 5% per year. However, the country declined in 2009 reflecting local effects of the global economic crisis. GDP growth contracted again in 2012, but posted a small gain in 2013. Foreign banks, primarily from Austria and Italy, now control most of the banking 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 banking sector has remained stable. Bosnia's private sector is growing slowly, but foreign investment has dropped sharply since 2007. Government spending - including transfer payments - remains high, at roughly 40% of GDP, because of redundant government offices at the state, entity and municipal level. Privatization of state enterprises has been slow, particularly in the Federation, where political division between ethnically-based political parties makes agreement on economic policy more difficult. High unemployment remains the most serious macroeconomic problem. Successful implementation of a value-added tax in 2006 provided a steady source of revenue for the government and helped rein in gray-market activity. National-level statistics 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 Agreement in September 2007. Bosnia and Herzegovina's top economic priorities are: acceleration of integration into the EU; strengthening the fiscal system; public administration reform; World Trade Organization (WTO) membership; and securing economic growth by fostering a dynamic, competitive private sector. In 2009, Bosnia and Herzegovina was granted an International Monetary Fund (IMF) stand-by arrangement, necessitated by sharply increased social spending and a fiscal crisis exacerbated by the global economic downturn. Disbursement of IMF aid was suspended in 2011 after a parliamentary deadlock left Bosnia without a state-level government for over a year. The IMF concluded a new stand-by arrangement with Bosnia in October 2012 which aims to improve national policy coordination, continue fiscal contraction, improve crisis preparedness, and create an environment conducive to private sector development.
More on the Bosnia and Herzegovina Economy
More on the Bosnia and Herzegovina Export, Import and Trade

Economic Indicator Listing
  For Bosnia and Herzegovina in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 2.8 %
GDP (Current Prices, National Currency)BAM 27.852 Billion.
GDP (Current Prices, US Dollars)US$ 15.794 Billion
GDP Deflator 103.309 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)BAM 6,978.60 .
GDP Per Capita (Current Prices, National Currency)BAM 7,209.53 .
GDP Per Capita (Current Prices, US Dollars)US$ 4,088.21
GDP (PPP), US DollarsUS$ 40.532 Billion
GDP Per Capita (PPP), US DollarsUS$ 10,491.80
GDP Share of World Total (PPP) 0.036 %
Implied PPP Conversion Rate 0.687
Investment (% of GDP) 17.241 %
Gross National Savings (% of GDP) 10.417 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 140.382 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) -1.018 %
Inflation, End of Year (Indexed to Year 2000) 134.874 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) -1.246 %
Import Volume of All Items Including Goods and Services (Percent Change) 0.173 %
Import Volumes of Goods Only (Percent Change) -0.546 %
Export Volume of All Items Including Goods and Services (Percent Change) 2.085 %
Export Volumes of Goods Only (Percent Change) 5.149 %
Unemployment Rate (% of Labour Force) 27.7 %
Population 3.863 Million
General government revenue (National Currency)BAM 12.645 Billions.
General government revenue (% of GDP) 45.4 %
General government total expenditure (National Currency)BAM 13.042 Billions.
General government total expenditure (% of GDP) 46.827 %
Total Government Net Lending/ Borrowing (National Currency)BAM -0.397 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -1.427 %
General Government Structural Balance (National Currency)BAM -0.047 Billion.
General Government Structural Balance (% Potential GDP) -0.164 %
Fiscal Year Gross Domestic Product, Current PricesBAM 27.852 Billions.
Current Account Balance (US Dollars)US$ -1.078 Billion
Current Account Balance (% GDP) -6.824 %
Economic Indicators for Bosnia and Herzegovina 2015

GDP (Constant Prices, National Currency) for Bosnia and Herzegovina in year 2015 is BAM 26.96 Billion.

GDP Growth (Constant Prices, National Currency) for Bosnia and Herzegovina in year 2015 is 2.8 %.

GDP (Current Prices, National Currency) for Bosnia and Herzegovina in year 2015 is BAM 27.852 Billion.

GDP (Current Prices, US Dollars) for Bosnia and Herzegovina in year 2015 is US$ 15.794 Billion.

GDP Deflator for Bosnia and Herzegovina in year 2015 is 103.309 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Bosnia and Herzegovina in year 2015 is BAM 6,978.60 .

GDP Per Capita (Current Prices, National Currency) for Bosnia and Herzegovina in year 2015 is BAM 7,209.53 .

GDP Per Capita (Current Prices, US Dollars) for Bosnia and Herzegovina in year 2015 is US$ 4,088.21 .

GDP (PPP), US Dollars for Bosnia and Herzegovina in year 2015 is US$ 40.532 Billion.

GDP Per Capita (PPP), US Dollars for Bosnia and Herzegovina in year 2015 is US$ 10,491.80 .

GDP Share of World Total (PPP) for Bosnia and Herzegovina in year 2015 is 0.036 %.

Implied PPP Conversion Rate for Bosnia and Herzegovina in year 2015 is 0.687 .

Investment (% of GDP) for Bosnia and Herzegovina in year 2015 is 17.241 %.

Gross National Savings (% of GDP) for Bosnia and Herzegovina in year 2015 is 10.417 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Bosnia and Herzegovina in year 2015 is 140.382 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Bosnia and Herzegovina in year 2015 is -1.018 %.

Inflation, End of Year (Indexed to Year 2000) for Bosnia and Herzegovina in year 2015 is 134.874 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Bosnia and Herzegovina in year 2015 is -1.246 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Bosnia and Herzegovina in year 2015 is 0.173 %.

Import Volumes of Goods Only (Percent Change) for Bosnia and Herzegovina in year 2015 is -0.546 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Bosnia and Herzegovina in year 2015 is 2.085 %.

Export Volumes of Goods Only (Percent Change) for Bosnia and Herzegovina in year 2015 is 5.149 %.

Unemployment Rate (% of Labour Force) for Bosnia and Herzegovina in year 2015 is 27.7 %.

Population for Bosnia and Herzegovina in year 2015 is 3.863 Million .

General government revenue (National Currency) for Bosnia and Herzegovina in year 2015 is BAM 12.645 Billions.

General government revenue (% of GDP) for Bosnia and Herzegovina in year 2015 is 45.4 %.

General government total expenditure (National Currency) for Bosnia and Herzegovina in year 2015 is BAM 13.042 Billions.

General government total expenditure (% of GDP) for Bosnia and Herzegovina in year 2015 is 46.827 %.

Total Government Net Lending/ Borrowing (National Currency) for Bosnia and Herzegovina in year 2015 is BAM -0.397 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Bosnia and Herzegovina in year 2015 is -1.427 %.

General Government Structural Balance (National Currency) for Bosnia and Herzegovina in year 2015 is BAM -0.047 Billion.

General Government Structural Balance (% Potential GDP) for Bosnia and Herzegovina in year 2015 is -0.164 %.

Fiscal Year Gross Domestic Product, Current Prices for Bosnia and Herzegovina in year 2015 is BAM 27.852 Billions.

Current Account Balance (US Dollars) for Bosnia and Herzegovina in year 2015 is US$ -1.078 Billion.

Current Account Balance (% GDP) for Bosnia and Herzegovina in year 2015 is -6.824 %.

* Source: IMF
Aggregate Indicators for Bosnia and Herzegovina
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Bosnia and Herzegovina
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Bosnia and Herzegovina
  Natural Resources, Agricultural Products, Land Use and Water Use for Bosnia and Herzegovina
  Nationality, Ethnic Groups, Languages and Religions for Bosnia and Herzegovina
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Bosnia and Herzegovina
  Age Structure, Median Age, Gender and Urbanization for Bosnia and Herzegovina
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Bosnia and Herzegovina
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Bosnia and Herzegovina
  HIV, AIDS and Other Major Infectious Disease Rates for Bosnia and Herzegovina
  Literacy Rate, Educational Expenditure and School Life Expectancy for Bosnia and Herzegovina
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Bosnia and Herzegovina
  Industries and Industrial Growth Production Rate for Bosnia and Herzegovina
  Labor Force by Occupation for Bosnia and Herzegovina
  Poverty Line, Gini Index, Household Income and Consumption for Bosnia and Herzegovina
  National Budget and Public Debt for Bosnia and Herzegovina
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Bosnia and Herzegovina
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Bosnia and Herzegovina
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Bosnia and Herzegovina
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Bosnia and Herzegovina
  Foreign Exchange Reserves and Gold Reserves for Bosnia and Herzegovina
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Bosnia and Herzegovina
  Exchange Rate Statistics for Bosnia and Herzegovina
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Bosnia and Herzegovina
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Bosnia and Herzegovina
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Bosnia and Herzegovina
  Television and Radio Statistics (TV Stats, Radio Stats) for Bosnia and Herzegovina
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Bosnia and Herzegovina
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Bosnia and Herzegovina
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Bosnia and Herzegovina
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Bosnia and Herzegovina
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Bosnia and Herzegovina
* Source: CIA
Internet Indicators for Bosnia and Herzegovina
Indicators
  Number of Internet Users for Bosnia and Herzegovina
  Internet Penetration Rate for Bosnia and Herzegovina
  Number of Facebook Accounts for Bosnia and Herzegovina
  Facebook Penetration Rate for Bosnia and Herzegovina
* Source: IWS
Economic Freedom Indicators for Bosnia and Herzegovina
Indicators
  Economic Freedom World Rank for Bosnia and Herzegovina
  Government Spending for Bosnia and Herzegovina
  Monetary Freedom for Bosnia and Herzegovina
  Investment Freedom for Bosnia and Herzegovina
  Financial Freedom for Bosnia and Herzegovina
  Property Rights for Bosnia and Herzegovina
  Economic Freedom Regional Ranking for Bosnia and Herzegovina
  Freedom from Corruption for Bosnia and Herzegovina
  Labor Freedom for Bosnia and Herzegovina
  Tariff Rate for Bosnia and Herzegovina
  Income Tax Rate for Bosnia and Herzegovina
  Corporate Tax Rate for Bosnia and Herzegovina
  Tax Burden % of GDP for Bosnia and Herzegovina
  Government Expenditure % of GDP for Bosnia and Herzegovina
  Business Freedom for Bosnia and Herzegovina
  Trade Freedom for Bosnia and Herzegovina
  Fiscal Freedom for Bosnia and Herzegovina
  2016 Score for Bosnia and Herzegovina
* Source: HFO
Bosnia and Herzegovina Economic Indicators in other Years
  Bosnia and Herzegovina Economic Indicators for Year 2021 (Forecast)
  Bosnia and Herzegovina Economic Indicators for Year 2020 (Forecast)
  Bosnia and Herzegovina Economic Indicators for Year 2019 (Forecast)
  Bosnia and Herzegovina Economic Indicators for Year 2018 (Forecast)
  Bosnia and Herzegovina Economic Indicators for Year 2017 (Forecast)
  Bosnia and Herzegovina Economic Indicators for Year 2016 (Forecast)
Bosnia and Herzegovina Economic Indicators for Year 2015 (Current)
  Bosnia and Herzegovina Economic Indicators for Year 2014
  Bosnia and Herzegovina Economic Indicators for Year 2013
  Bosnia and Herzegovina Economic Indicators for Year 2012
  Bosnia and Herzegovina Economic Indicators for Year 2011
  Bosnia and Herzegovina Economic Indicators for Year 2010
  Bosnia and Herzegovina Economic Indicators for Year 2009
  Bosnia and Herzegovina Economic Indicators for Year 2008
  Bosnia and Herzegovina Economic Indicators for Year 2007
  Bosnia and Herzegovina Economic Indicators for Year 2006
  Bosnia and Herzegovina Economic Indicators for Year 2005
  Bosnia and Herzegovina Economic Indicators for Year 2004
  Bosnia and Herzegovina Economic Indicators for Year 2003
  Bosnia and Herzegovina Economic Indicators for Year 2002
  Bosnia and Herzegovina Economic Indicators for Year 2001
  Bosnia and Herzegovina Economic Indicators for Year 2000
  Bosnia and Herzegovina Economic Indicators for Year 1999
  Bosnia and Herzegovina Economic Indicators for Year 1998
  Bosnia and Herzegovina Economic Indicators for Year 1997
  Bosnia and Herzegovina Economic Indicators for Year 1996
  Bosnia and Herzegovina Economic Indicators for Year 1995
  Bosnia and Herzegovina Economic Indicators for Year 1994
  Bosnia and Herzegovina Economic Indicators for Year 1993
  Bosnia and Herzegovina Economic Indicators for Year 1992
  Bosnia and Herzegovina Economic Indicators for Year 1991
  Bosnia and Herzegovina Economic Indicators for Year 1990
  Bosnia and Herzegovina Economic Indicators for Year 1989
  Bosnia and Herzegovina Economic Indicators for Year 1988
  Bosnia and Herzegovina Economic Indicators for Year 1987
  Bosnia and Herzegovina Economic Indicators for Year 1986
  Bosnia and Herzegovina Economic Indicators for Year 1985
  Bosnia and Herzegovina Economic Indicators for Year 1984
  Bosnia and Herzegovina Economic Indicators for Year 1983
  Bosnia and Herzegovina Economic Indicators for Year 1982
  Bosnia and Herzegovina Economic Indicators for Year 1981
  Bosnia and Herzegovina Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International