Bosnia and Herzegovina’s economy expanded by 2.2 percent year-on-year in the first quarter of 2019, after a 3.0 percent growth in the previous month. It was the weakest pace of expansion since the first quarter of 2015, as financial & insurance activities production slowed (2.6 percent vs 8.1 percent in Q4) while output fell for real estate activities (-3.4 percent vs -0.2 percent) and construction (-0.2 percent vs 0.3 percent). On the other hand, industry output advanced faster (2.6 percent vs 0.8 percent), due to a rebound in the manufacturing sector (1.6 percent vs -0.2 percent). On a seasonally adjusted quarterly basis, the economy advanced 0.6 percent, following a 0.3 percent gain in the last quarter of 2018. GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.82 percent from 2004 until 2019, reaching an all time high of 6.40 percent in the third quarter of 2011 and a record low of -6.70 percent in the fourth quarter of 2009.
GDP Annual Growth Rate in Bosnia and Herzegovina is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Bosnia and Herzegovina to stand at 2.90 in 12 months time. In the long-term, the Bosnia and Herzegovina GDP Annual Growth Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.