Bosnia and Herzegovina’s GDP expanded 2.6 percent year-on-year in the third quarter of 2019, easing from an upwardly revised 2.7 percent advance in the previous period. It was the weakest pace of expansion since the last quarter of 2017, as output slowed for information and communication (5.2 percent vs 6.7 percent in Q2) and financial and insurance activities (6.5 percent vs 6.0 percent). In addition, real estate activities showed no growth (vs 0.2 percent) and both manufacturing (3 percent vs 0.2 percent) and construction (-2.9 percent vs 0.5 percent) contracted. On the other hand, forestry and fishing output rebounded (2.6 percent vs -3.2 percent). On a seasonally adjusted quarterly basis, the economy grew 0.8 percent, slowing from a 0.9 percent rise in the second quarter. GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.91 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. source: Bosnia and Herzegovina Agency for Statistics (BHAS)
GDP Annual Growth Rate in Bosnia and Herzegovina is expected to be 2.90 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 2.70 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.