Indicators of economy in Bosnia and Herzegovina
The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Bosnia and Herzegovina reached 6.080 US dollars per inhabitant, or 19.95 bn US Dollar in the whole country. Bosnia and Herzegovina is one of the smaller economies and is currently ranked 114. If this is calculated per inhabitant taking into account the purchasing power parity, then Bosnia and Herzegovina is in the list of the world's richest countries in place 81.Inflation in Bosnia and Herzegovina was in 2021 at around 1.98%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 52.1% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Bosnia and Herzegovina
Impact of the Covid-19 pandemic in 2020
Overall, the gross domestic product in Bosnia and Herzegovina in 2020 decreased moderatly from 20.20 billion US Dollar to 19.95 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 1.3% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 64 percent. Fortunately, the unemployment rate actually fell from 15.7 to 15.3 percent. The inflation rate has fallen from 0.6 percent previously to -1.1 percent by the end of 2020.Unemployment rates in percent 1991 - 2021
Economic performance 2020
Bosnia and Herzegovina Total | Bosnia and Herzegovina per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 19.95 bn USD | 6,079.74 USD | 15,291.93 tn USD | 29,692.11 USD |
Gross national product | 19.94 bn USD | 6,077.29 USD | 15,330.84 tn USD | 29,767.66 USD |
Development of the Gross domestic product in billion US Dollar 1994 - 2020
› Debt budget development
› Development of inflation
› Corruption in Bosnia and Herzegovina
› Cost of living in a global comparison
› Development of inflation
› Corruption in Bosnia and Herzegovina
› Cost of living in a global comparison
Im- and Exports 2020
Bosnia and Herzegovina Total | Bosnia and Herzegovina per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 9.70 bn USD | 2,957.73 USD | 7,340.01 bn USD | 14,251.98 USD |
Exports | 6.91 bn USD | 2,106.36 USD | 7,939.04 bn USD | 15,415.11 USD |
Development of imports and exports in billion US dollars 1998 - 2020
Exports
Imports