Bosnia and Herzegovina's GDP plunged 9.3% year-on-year in the second quarter of 2020, following an upwardly revised 2.1% growth in the previous period. It was the sharpest economic contraction since comparable data began in 2009, as the global pandemic took its toll on economic activity. The largest declines were recorded in accommodation and food service activities (-57.7%), transportation and storage (-23.9%) and arts, entertainment and recreation (-23.3%). On a seasonally adjusted quarterly basis, the economy shrunk at a record 10.5%, compared to an upwardly revised 0.6% growth in the first quarter.

GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.72 percent from 2004 until 2020, reaching an all time high of 6.40 percent in the third quarter of 2011 and a record low of -9.30 percent in the second quarter of 2020. This page provides the latest reported value for - Bosnia and Herzegovina GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Bosnia and Herzegovina GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Bosnia and Herzegovina Agency for Statistics (BHAS)

GDP Annual Growth Rate in Bosnia and Herzegovina is expected to be -2.70 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 3.00 in 12 months time. In the long-term, the Bosnia and Herzegovina GDP Annual Growth Rate is projected to trend around 2.50 percent in 2021 and 2.90 percent in 2022, according to our econometric models.

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Bosnia and Herzegovina GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-9.30 2.10 6.40 -9.30 2004 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-01-20 02:30 PM YoY Q3 2.6% 2.7% 2.5%
2020-04-01 09:00 AM YoY Q4 1.6% 3.1% 2.5%
2020-06-30 05:15 PM YoY Q1 2% 1.7% -1.3%
2020-10-02 02:00 PM YoY Q2 -9.3% 2.1% -4.1%
2020-12-28 11:30 AM YoY Q3 -3.5%


News Stream
Bosnia's Economy Contracts at Record Pace on Covid-19 Blow
Bosnia and Herzegovina's GDP plunged 9.3% year-on-year in the second quarter of 2020, following an upwardly revised 2.1% growth in the previous period. It was the sharpest economic contraction since comparable data began in 2009, as the global pandemic took its toll on economic activity. The largest declines were recorded in accommodation and food service activities (-57.7%), transportation and storage (-23.9%) and arts, entertainment and recreation (-23.3%). On a seasonally adjusted quarterly basis, the economy shrunk at a record 10.5%, compared to an upwardly revised 0.6% growth in the first quarter.
2020-10-02
Bosnia and Herzegovina GDP Grows 2% in Q1
Bosnia and Herzegovina's GDP expanded 2 percent year-on-year in the first quarter of 2020, accelerating from an upwardly revised 1.7 percent advance in the previous three month period. On a seasonally adjusted quarterly basis, the economy advanced 0.3 percent, after a 0.1 percent contraction in Q4.
2020-06-30
Bosnia and Herzegovina GDP Growth Slows Further in Q3
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.
2020-01-20

Bosnia and Herzegovina GDP Annual Growth Rate
Manufacturing and mining are important sectors of Bosnia and Herzegovina's economy and make-up the bulk of exports. Tourism is currently growing and is expected to become vital. On the expenditure side, household consumption is the main component of GDP and accounts for 81 percent of its total use, followed by government expenditure (22 percent) and gross fixed capital formation (18 percent). Exports of goods and services account for 33 percent of GDP while imports account for 55 percent, subtracting 22 percent from the GDP.