Bosnia and Herzegovina - Economy
How is the economy of Bosnia and Herzegovina? Based on the information we have, Bosnia and Herzegovina has a import-dominated economy; remains consumption-heavy; lack of private sector investments and diversification; jointly addressing structural economic challenges; Chinese energy infrastructure investments; high unemployment; tourism industry impacted by COVID-19. Key agricultural products in this country include: maize, milk, vegetables, potatoes, plums, wheat, apples, barley, chicken, pears (2022).
More about the economy of Bosnia and Herzegovina
Labor force 1.382 million (2022 est.)
Industrial production growth rate 1.77% (2022 est.)
Industries steel, coal, iron ore, lead, zinc, manganese, bauxite, aluminum, motor vehicle assembly, textiles, tobacco products, wooden furniture, ammunition, domestic appliances, oil refining
Population below poverty line 16.9% (2015 est.)
Taxes and other revenues 19.14% (of GDP) (2022 est.)
Fiscal year
Exchange rates
Currency konvertibilna markas (BAM) per US dollar -
Exchange rates 2022 1.859 (2022 est.)
Exchange rates 2021 1.654 (2021 est.)
Exchange rates 2020 1.717 (2020 est.)
Exchange rates 2019 1.747 (2019 est.)
Exchange rates 2018 1.657 (2018 est.)
Debt - external
Debt - external 31 December 2017 $10.87 billion (31 December 2017 est.)
Debt - external 31 December 2016 $10.64 billion (31 December 2016 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2022 $8.762 billion (2022 est.)
Reserves of foreign exchange and gold 2021 $9.475 billion (2021 est.)
Reserves of foreign exchange and gold 2020 $8.707 billion (2020 est.)
Current account balance
Current account balance 2022 -$1.065 billion (2022 est.)
Current account balance 2021 -$418.984 million (2021 est.)
Current account balance 2020 -$574.322 million (2020 est.)
Public debt
Public debt 2022 41.85% of GDP (2022 est.)
Public debt 2021 47.02% of GDP (2021 est.)
Public debt 2020 45.42% of GDP (2020 est.)
Budget
Revenues $8.434 billion (2019 est.)
Expenditures $8.154 billion (2019 est.)
Budget surplus (+) or deficit (-) 2.1% (of GDP) (2017 est.)
Remittances
Remittances 2022 10.08% of GDP (2022 est.)
Remittances 2021 10.04% of GDP (2021 est.)
Remittances 2020 9.45% of GDP (2020 est.)
Household income
Lowest 10% 2.9%
Highest 10% 25.8% (2011 est.)
Average household expenditures
On food 30% of household expenditures (2021 est.)
On alcohol and tobacco 8.2% of household expenditures (2021 est.)
Imports
Imports 2022 $15.162 billion (2022 est.)
Imports 2021 $12.738 billion (2021 est.)
Imports 2020 $9.726 billion (2020 est.)
Imports (partners) Croatia 16%, Serbia 13%, Germany 8%, Italy 8%, China 7% (2022)
Comodities Imports force refined petroleum, aluminum, garments, coal, cars (2022)
Exports
Imports 2022 $15.162 billion (2022 est.)
Imports 2021 $12.738 billion (2021 est.)
Imports 2020 $9.726 billion (2020 est.)
Exports (partners) Croatia 14%, Germany 14%, Serbia 13%, Italy 10%, Austria 9% (2022)
Comodities Exports force aluminum, electricity, footwear, garments, plastic products (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2022 $54.12 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $51.986 billion (2021 est.)
Real GDP (purchasing power parity) 2020 $48.407 billion (2020 est.)
GDP (official exchange rate) $24.474 billion (2022 est.)
Real GDP Per capita
Real GDP per capita 2022 $16,700 (2022 est.)
Real GDP per capita 2021 $15,900 (2021 est.)
Real GDP per capita 2020 $14,600 (2020 est.)
GDP - composition, by sector of origin
Agriculture 6.8% (2017 est.)
Industry 28.9% (2017 est.)
Services 64.3% (2017 est.)
GDP - composition, by end use
Household consumption 77.4% (2017 est.)
Government consumption 20% (2017 est.)
Investment in fixed capital 16.6% (2017 est.)
Investment in inventories 2.3% (2017 est.)
Exports of goods and services 38.7% (2017 est.)
Imports of goods and services -55.1% (2017 est.)
Unemployment rate
Unemployment rate 2022 12.66% (2022 est.)
Unemployment rate 2021 14.9% (2021 est.)
Unemployment rate 2020 15.87% (2020 est.)
Youth unemployment rate (ages 15-24)
Total 32.9% (2021 est.)
Male 28.2%
Female 39.9%
All Important Facts about Bosnia and Herzegovina

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Bosnia and Herzegovina is found in Southeast Europe