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How did Bosnia & Herzegovina perform in 2021?
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Bosnia and Herzegovina is a small, open economy, dominated by services, which accounted for 55% of gross domestic product (GDP) in 2016, with a moderately developed industrial and manufacturing sector (23% and 12%, respectively), and a limited agricultural base (about 6% of GDP).
Economy of Bosnia and Herzegovina. As a republic of the Yugoslav federation, Bosnia and Herzegovina adhered to the unique economic system known as socialist self-management. In this system, business enterprises, banks, administration, social services, hospitals, and other working bodies were intended to be run by elected workers’ councils ...
Mar 26, 2024 · The report highlights the country's progress in transitioning to an upper-middle income status and becoming a candidate for the EU, but also the challenges of low growth, high deficit, and low competitiveness. It recommends reforms in macroeconomic management, labor market, productivity, finance, and energy to foster resilient and green growth.
May 4, 2022 · The report forecasts slower growth and higher inflation for Bosnia and Herzegovina due to the war in Ukraine and the energy crisis in Europe. It also recommends structural reforms and fiscal prudence to mitigate the risks and boost productivity.
Explore the latest data on Bosnia and Herzegovina's exports, imports, trade partners, and economic complexity. See the top products, destinations, and trends in trade flow, service trade, and economic complexity indicators.
After accelerating to 7.5 percent in 2021, Bosnia and Herzegovina's real GDP growth is expected to slow to 4.0 percent in 2022. Inflation, meanwhile, surged to 16.7 percent in July 2022 (y-o-y) driven by food and energy prices, creating risks for poverty reduction.
The report assesses the economic recovery and challenges of Bosnia and Herzegovina after the Covid-19 crisis. It covers topics such as GDP, inflation, public debt, trade, tourism, SOEs, financial stability and environmental sustainability.
