Economy of Bosnia and Herzegovina
Population: 3.32 M (2018)
GDP per Capita: 6,066 USD (2018)
20,160 M.

GDP USD

(2018)

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8,180 M.

EXPORTS USD

(2018)

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11,250 M.

IMPORTS USD

(2018)

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34.25 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.62 % (2018)
GDP of 2010 USD USD 20.10 B. (2018)
GDP Current USD USD 20.16 B. (2018)
GDP per Capita Current USD USD 6,066 (2018)
GDP per capita, PPP USD 12,712 (2018)
GDP per Capita, 2010 USD USD 6,032 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 19.79 % (2018)
Government Spending USD 3.99 B. (2018)
Government Debt % GDP 34.25 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 103.44 (2018)
Trade Openness 96.37 % (2018)
Exports of Goods and Services % GDP 40.59 % (2018)
Exports Goods & Services USD 8.18 B. (2018)
Exports Annual Growth 5.92 % (2018)
Imports as % GDP 55.78 % (2018)
Total Imports USD 11.25 B. (2018)
Foreign Direct Investment % GDP 2.42 % (2018)
Foreign Direct Investment USD 0.49 B. (2018)
Current Account Balance % GDP USD -3.72 % (2018)
Current Account Balance USD -0.75 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD -3.02 B. (2018)
Foreign Exchange Reserves incl Gold USD 6.81 B. (2018)
Remittances % GDP 10.50 % (2018)
Remittances USD 1,628 M. (2018)
Balance of Payments USD 141 M. (2018)

Labor Market

Indicator Value
Labor Force 1.31 M. (2019)
Unemployment Rate 21.22 % (2019)
Unemployment Rate Females 21.00 % (2019)
Unemployment Rate Males 16.76 % (2019)
Youth Unemployment (ages 15-24) 47.36 % (2019)
Labor Force Participation Rate 46.70 % (2019)
Labor Force (Percent Female) 39.22 % (2019)
Female Labor Force Participation Rate 35.52 % (2019)
Male Labor Force Participation Rate 58.46 % (2019)
Dependent People 45.43 % (2018)

Agriculture Sector

Indicator Value
Forest Area 42.70 % (2016)
Forest Area km² 21,850 km² (2016)
Agricultural Land 43.14 % (2016)
Agricultural Land km² 22,090 km² (2016)
Employment 16.36 % (2019)
Value added % GDP 5.89 % (2018)
Agriculture Value added USD 1.19 B. (2018)
Crop Production Index 118.30 (2016)
Precipitation 1,028 mm (2014)
Arable Land 20 % (2016)
Cereal Yield 3,732 kg/hectare (2017)
Food production index 125 (2016)
Rural Population 52 % (2018)
Fertilizer use of Arable Land 132 kg/hectare (2016)
Livestock Production Index 120 (2016)
Economy of Bosnia and Herzegovina

According to the World Bank and its latest published data, the economy of the Bosnia and Herzegovina presents a growth rate of 3.62 % (2018) to the previous year.

With a population that reaches 3.32 M (2018) and a gross domestic product of USD 20.16 B. (2018), it translates a Gross Domestic Product per Capita of USD 6,066 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Bosnia and Herzegovina also has a workforce of 1.31 M. (2019) with an unemployment rate of 21.22 % (2019), where women represent 21.00 % (2019) and men 16.76 % (2019), the unemployment rate for young people between 15-24 years old stood at 47.36 % (2019). The total number of dependent people stands at 45.43 % (2018).

The central government spent 19.79 % (2018) of its gross domestic product that year, which in absolute terms is USD 3.99 B. (2018). Its consolidated public debt reached 34.25 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Bosnia and Herzegovina exported USD 8.18 B. (2018), which represents 40.59 % (2018) of its gross domestic product, in that same sense its imports reached USD 11.25 B. (2018) with a direct foreign investment of USD 0.49 B. (2018).

Bosnia and Herzegovina has a forest area of 21,850 km² (2016), which represents 42.70 % (2016) of its total area, an average rainfall of 1,028 mm (2014) per year and a population of 52 % (2018) living in rural areas. With a total area of 22,090 km² (2016) available for agriculture and 16.36 % (2019) of its employments, the agricultural sector contributes to the economy of the Bosnia and Herzegovina about USD 1.19 B. (2018) (5.89 % (2018) of its GDP).