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 1.369 million (2023 est.)
Industrial production growth rate -2.8% (2023 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 19.09% (of GDP) (2022 est.)
Fiscal year
Exchange rates
Currency konvertibilna markas (BAM) per US dollar -
Exchange rates 2023 1.809 (2023 est.)
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.)
Debt - external
Debt - external 2022 $4.521 billion (2022 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2023 $9.205 billion (2023 est.)
Reserves of foreign exchange and gold 2022 $8.762 billion (2022 est.)
Reserves of foreign exchange and gold 2021 $9.475 billion (2021 est.)
Current account balance
Current account balance 2023 -$760.467 million (2023 est.)
Current account balance 2022 -$1.065 billion (2022 est.)
Current account balance 2021 -$418.984 million (2021 est.)
Public debt
Public debt 2022 41.74% of GDP (2022 est.)
Budget
Revenues $10.195 billion (2023 est.)
Expenditures $9.739 billion (2023 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 10.53% of GDP (2023 est.)
Remittances 2022 10.52% of GDP (2022 est.)
Remittances 2021 10.47% of GDP (2021 est.)
Average household expenditures
On food 29.2% of household expenditures (2022 est.)
On alcohol and tobacco 8.3% of household expenditures (2022 est.)
Imports
Imports 2023 $15.398 billion (2023 est.)
Imports 2022 $15.162 billion (2022 est.)
Imports 2021 $12.738 billion (2021 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 2023 $15.398 billion (2023 est.)
Imports 2022 $15.162 billion (2022 est.)
Imports 2021 $12.738 billion (2021 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) 2023 $63.769 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $62.717 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $60.174 billion (2021 est.)
GDP (official exchange rate) $27.055 billion (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $19,900 (2023 est.)
Real GDP per capita 2022 $19,400 (2022 est.)
Real GDP per capita 2021 $18,400 (2021 est.)
GDP - composition, by sector of origin
Agriculture 4.3% (2023 est.)
Industry 23.3% (2023 est.)
Services 56.4% (2023 est.)
GDP - composition, by end use
Household consumption 71.9% (2023 est.)
Government consumption 19.9% (2023 est.)
Investment in fixed capital 22.1% (2022 est.)
Investment in inventories 4.7% (2023 est.)
Exports of goods and services 44.1% (2023 est.)
Imports of goods and services -56.9% (2023 est.)
Unemployment rate
Unemployment rate 2023 10.42% (2023 est.)
Unemployment rate 2022 12.66% (2022 est.)
Unemployment rate 2021 14.9% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 26.5% (2023 est.)
Male 24.6% (2023 est.)
Female 30.1% (2023 est.)
All Important Facts about Bosnia and Herzegovina

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Bosnia and Herzegovina is found in Southeast Europe