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.