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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
GDP19.95 bn USD6,079.74 USD15,291.93 tn USD29,692.11 USD
Gross national product19.94 bn USD6,077.29 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1994 - 2020



Im- and Exports 2020

 Bosnia and Herzegovina
Total
Bosnia and Herzegovina
per capita
EU
Total
EU
per capita
Imports9.70 bn USD2,957.73 USD7,340.01 bn USD14,251.98 USD
Exports6.91 bn USD2,106.36 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1998 - 2020

Exports
Imports



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