Bosnia and Herzegovina - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Bosnia and Herzegovina including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Bosnia and Herzegovina economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.00 0.6 0.6 0.4 0.4 0.5 percent
Unemployment Rate 35.73 37.5 37 36 36 30 percent
Inflation Rate 1.80 1.5 1.6 1.7 1.8 2 percent
Interest Rate 3.69 4.25 4.25 4.5 4.5 5.5 percent
Balance of Trade -672484.22 -617360 -620016 -620048 -619856 -619734 BAM Thousand
Government Debt to GDP 26.00 30 30 29.6 29.6 29.2 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Stock Market 647.44
points
622 614 607 600 572
Currency 1.67
1.69 1.7 1.71 1.72 1.77
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.00
percent
0.6 0.6 0.4 0.4 0.5
GDP Annual Growth Rate 2.00
percent
2.6 2.5 2.8 2.7 2.7
GDP 18.17
USD Billion
18.3 18.3 18.5 18.5 18.8
GDP Constant Prices 6603306.00
BAM Thousand
8010721 7277198 6788199 7393866 7660524
Gross Fixed Capital Formation 5222232.00
BAM THO
5358010 5352788 5368454 5508040 5634746
GDP per capita 5561.29
USD
5800 5800 6410 6410 6900
GDP per capita PPP 11713.89
USD
12500 12500 13000 13000 13200
GDP From Agriculture 209072.00
BAM Thousand
866069 230846 214926 450221 243006
GDP From Construction 272772.00
BAM Thousand
309109 306830 280410 298408 322992
GDP From Manufacturing 802913.00
BAM Thousand
940895 964911 825395 935419 1015738
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 35.73
percent
37.5 37 36 36 30
Unemployed Persons 448071.00
445920 436796 434129 429683 419591
Wages 1356.00
BAM/Month
1315 1345 1340 1393 1380
Wages in Manufacturing 991.00
BAM/Month
968 990 970 984 1015
Population 3.50
Million
3.4 3.4 3.39 3.38 3.35
Employed Persons 806031.00
798916 795694 796744 797269 797046
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.80
percent
1.5 1.6 1.7 1.8 2
Consumer Price Index CPI 100.00
Index Points
100 101 103 103 105
Producer Prices Change 4.70
percent
4.2 4.4 3.8 3.9 2.5
Inflation Rate Mom -0.70
percent
0.2 0.1 0.2 0.3 0.1
Food Inflation 0.60
percent
0.2 1.1 1 0.9 1.8
Cpi Housing Utilities 100.90
Index Points
102 105 105 101 106
CPI Transportation 108.60
Index Points
98.93 101 107 111 105
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 3.69
percent
4.25 4.25 4.5 4.5 5.5
Money Supply M0 4621.43
BAM Million
4693 4737 4785 4834 5322
Money Supply M1 11603.69
BAM Million
11820 12149 12469 12784 15729
Money Supply M2 23376.01
BAM Million
23686 24108 24523 24935 28934
Money Supply M3 11772.32
BAM Million
11849 11969 12084 12197 13264
Foreign Exchange Reserves 11193.37
BAM Million
11284 11411 11536 11661 12909
Deposit Interest Rate 1.21
percent
1.53 1.53 1.78 1.78 2.78
Loans To Private Sector 8565.60
BAM Million
8665 8761 8848 8926 9384
Central Bank Balance Sheet 11129.50
BAM Million
11337 11541 11742 11938 13723
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -672484.22
BAM Thousand
-617360 -620016 -620048 -619856 -619734
Exports 1026416.77
BAM Thousand
1022701 1026460 1027304 1027537 1027657
Imports 1698901.00
BAM Thousand
1640062 1646741 1647353 1647393 1647391
Current Account -377.30
BAM Million
-377 -484 -377 -484 -484
Current Account to GDP -4.80
percent
-4.4 -4.4 -4.2 -4.2 -3.9
External Debt 8344435.77
BAM THO
8306882 8275698 8264855 8247962 8155520
Capital Flows -331.14
BAM Million
-310 -249 -303 -276 -284
Gold Reserves 3.00
Tonnes
3 2.99 2.99 2.99 2.99
Terrorism Index 2.03
2.15 2.09 1.96 1.83 1.85
Tourist Arrivals 150265.00
116000 79700 113300 131100 110500
Foreign Direct Investment 70.10
BAM Million
88.88 544 167 177 288
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 26.00
percent
30 30 29.6 29.6 29.2
Government Budget 2.60
percent of GDP
1.7 1.7 2.25 2.2 1.2
Government Budget Value 1676.00
BAM Million
1684 1860 1798 1860 2439
Government Spending 6366143.00
BAM THO
6451041 6525297 6544395 6631676 6869017
Government Revenues 13479.30
BAM Million
13704 13915 14009 14102 14886
Fiscal Expenditure 11913.44
BAM Million
12020 12180 12211 12242 12447
Government Spending To Gdp 40.40
percent
40.01 39.75 39.63 39.51 38.63
Military Expenditure 158.72
USD Million
167 164 165 167 195
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 4.30
percent
1.94 3 3.15 3.16 3.17
Manufacturing Production 0.90
percent
-1 -0.87 -0.67 -0.77 -0.77
Internet Speed 8562.09
KBps
9317 9933 9970 9796 11471
IP Addresses 497687.00
IP
547565 554252 561436 567873 615974
Industrial Production Mom 6.00
percent
-1.01 0.16 0.29 0.28 0.28
Steel Production 68.95
Thousand Tonnes
66.94 51.42 55.17 54.23 54.44
Mining Production 7.40
percent
3.08 2.84 2.55 2.49 2.49
Ease of Doing Business 86.00
104 109 113 117 130
Competitiveness Index 3.87
Points
3.82 3.82 3.93 3.97 3.96
Competitiveness Rank 103.00
105 105 103 102 102
Corruption Index 38.00
Points
39 38 38 38 38
Corruption Rank 91.00
89 90 89 89 83
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales MoM 0.00
percent
-0.09 0.92 1.05 0.53 0.7
Retail Sales YoY 8.80
percent
6.3 4.5 4.1 3.6 2.5
Consumer Spending 24519561.00
BAM THO
24411815 25132550 25206109 25095370 26456407
Gasoline Prices 1.38
USD/Liter
1.41 1.33 1.25 1.18 0.94
Consumer Credit 8993.90
BAM Million
9179 9342 9492 9632 10599
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 359.00
657 955 787 399 873
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 10.00
percent
10 10 10 10 10
Personal Income Tax Rate 10.00
percent
10 10 10 10 10
Sales Tax Rate 17.00
percent
17 17 17 17 17
Social Security Rate 42.00
percent
42 42 42 42 42
Social Security Rate For Companies 11.00
percent
11 11 11 11 11
Social Security Rate For Employees 31.00
percent
31 31 31 31 31
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 22.81
celsius
18.99 6.18 2.22 15.31 10.67