Bosnia and Herzegovina Economic Statistics and Indicators

24, Jan 2021, 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

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 %.