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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, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Bosnia and Herzegovina, on the other hand, reached USD 7,143 per capita, or 23.37 billion USD for the whole country. Bosnia and Herzegovina is one of the smaller economies and is currently ranked 111. If this is calculated per inhabitant, taking purchasing power parity into account, then Bosnia and Herzegovina ranks 80th in the list of the richest countries.

Inflation in Bosnia and Herzegovina in 2021 was around 1.98%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 52.4 percent lower.
The index for perceived corruption in the public sector is 35, which is below average by global standards.


Back to overview: Bosnia and Herzegovina

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Bosnia and Herzegovina in 2020 decreased moderatly from 20.20 billion US dollars to 19.95 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 1.2 percent 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 fell from 0.6 percent previously to -1.1 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Bosnia and Herzegovina
Total
Bosnia and Herzegovina
per capita
EU
Total
EU
per capita
GDP23.37 bn USD7,143.31 USD17.177 tn USD33,384.92 USD
Gross national product22.27 bn USD6,809.48 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1994 - 2021



Imports and Exports 2021

 Bosnia and Herzegovina
Total
Bosnia and Herzegovina
per capita
EU
Total
EU
per capita
Imports12.71 bn USD3,885.66 USD8.916 tn USD17,329.02 USD
Exports9.93 bn USD3,034.47 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1998 - 2021

Exports
Imports



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