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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.
May 4, 2022 · The economy of Bosnia and Herzegovina bounced back strongly in 2021 from the pandemic-induced economic crisis, with growth estimated at 7.1 percent. Real GDP growth was driven by a surge in exports, and robust growth in private consumption.
Mar 26, 2024 · Bosnia and Herzegovina (BiH) has made significant development progress over the past two decades. To continue on this path of growth, the country needs structural economic and energy reforms, as well as improved coordination between all levels of governments in BiH, according to the latest comprehensive economic analysis prepared by the World Bank.
Bosnia and Herzegovina is an upper middle-income country which has accomplished a great deal since the mid-1990s. Today, it is an EU potential candidate country and is now embarking on a new growth model amid a period of slow growth and the global financial crisis.
In 2019, Bosnia and Herzegovina exported $1.88B worth of services. The top services exported by Bosnia and Herzegovina in 2019 were Personal travel ($1.04B), Other transport ($392M), Business travel ($137M), Air transport ($87.7M), and Construction abroad ($77.8M).
Bosnia and Herzegovina is a small upper-middle-income economy with a population of roughly 3.28 million as of 2021. Its gross domestic product (GDP) purchasing parity power in current USD stood at 15 623 in
Jun 5, 2024 · 5 June. Bosnia-Herzegovina is an independent state which is partially under international oversight under the terms of the 1995 Dayton Peace Accords which ended the 1992-95 Bosnian war and the ...
Apr 18, 2024 · Bosnia-Herzegovina's most important trade partner is Germany with a share of more than 12 percent in imports and almost 17 percent in all exports.
Highlights. Economic recovery has started in 2021. After a gross domestic product (GDP) contraction of 3.2 per cent in 2020, the first half of 2021 was marked by positive signs for the economy, including strong growth in manufacturing output, exports and tourist overnight stays.
