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.

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Bosnia and Herzegovina GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.70 6.40 -6.70 2004 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-04-01 09:00 AM GDP Growth Rate YoY Q4 3.0% 2.7% 2.5%
2019-06-28 11:00 AM GDP Growth Rate YoY Q1 2.2% 3.0% 2.8%
2019-10-10 11:45 AM GDP Growth Rate YoY Q2 2.6% 2.8% 2.6%
2020-01-20 02:30 PM GDP Growth Rate YoY Q3 2.6% 2.7% 2.5%
2020-04-01 09:00 AM GDP Growth Rate YoY Q4 2.6% 2.7%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-10-10
Bosnia GDP Growth Weakest in Over a Year
Bosnia and Herzegovina’s economy expanded by 2.6 percent year-on-year in the second quarter of 2019, after an upwardly revised 2.8 percent growth in the previous period. It was the weakest pace of expansion since the last quarter of 2017, as output slowed for manufacturing (0.2 percent vs 1.5 percent in Q1); financial and insurance activities (4.4 percent vs 5.8 percent) and construction (0.5 percent vs 0.6 percent). Meanwhile, production advanced faster for information and communication (6.7 percent vs 2.7 percent) and real estate activities (0.2 percent vs 0.1 percent). On a seasonally adjusted quarterly basis, the economy advanced 1.0 percent, following a 0.2 percent gain in the first quarter of 2019.

2019-06-28
Bosnia and Herzegovina GDP Growth Weakest in 4 Years
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.

2019-04-01
Bosnia and Herzegovina GDP Expands 3% YoY In Q4
The Bosnia and Herzegovina's economy expanded 3.0 percent year-on-year in the fourth quarter of 2018, following a downwardly revised 2.7 percent growth in the previous period. Growth was supported by wholesale & retail trade; repair of motor vehicles, transportation, accommodation and food services (7.2 percent from 7.1 percent in Q3); financial and insurance (8.1 percent from 3.7 percent); agriculture (7.6 percent from 4.4 percent); public administration & defence, education and health (0.2 percent from -0.2 percent). Meanwhile, production rose at a slower pace for industry (0.8 percent from 1.2 percent) and construction (0.3 percent from 1.6 percent) and while arts, entertainment & recreation and other services contracted (-1.7 percent from -0.4 percent). On a quarterly basis, the GDP advanced 0.3 percent, slowing from a 0.8 percent increase in the previous quarter. In 2018, the economy expanded 3.1 percent, compared to a 3.2 percent growth a year.


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.

Bosnia and Herzegovina GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.90 6.00 -3.80 percent [+]
GDP Annual Growth Rate 2.60 2.70 6.40 -6.70 percent [+]
GDP 19.78 18.08 19.78 1.26 USD Billion [+]
GDP Constant Prices 8521263.00 8049788.00 8521263.00 5597560.00 BAM Thousand [+]
Gross Fixed Capital Formation 6173830.00 5487096.00 6173830.00 4044439.00 BAM THO [+]
GDP per capita 6056.20 5827.70 6056.20 700.70 USD [+]
GDP per capita PPP 12756.00 12274.61 12756.00 1475.95 USD [+]
GDP From Agriculture 654649.00 417004.00 909270.00 180827.00 BAM Thousand [+]
GDP From Construction 312168.00 309157.00 360235.00 202221.00 BAM Thousand [+]
GDP From Manufacturing 970325.00 976348.00 976348.00 542735.00 BAM Thousand [+]