Bosnia and Herzegovina

map Bosnia and Herzegovina
Economic activity picked up by 2.5% last year, driven largely by stronger consumer spending on the back of declining inflation and higher real wages. Growth is expected to reach 2.4% in 2025 and 2.8% in 2026, bolstered by increased private and government spending and a slight improvement in net exports. However, our growth forecast has been downgraded somewhat on account of the high level of global and local uncertainty and the associated downside risks. Inflation is expected to rise to 2.2% in 2025, reflecting a recent increase in the minimum wage. The local uncertainty stems from the heightened separatist actions in Republika Srpska over the past few months.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons343434223414...
GDP, real change in %4.22.02.52.42.83.2
GDP per capita (EUR at PPP)123501360014410...
Gross industrial production, real change in %0.9-3.9-4.0...
Unemployment rate - LFS, in %, average15.413.212.612.311.911.5
Average gross monthly wages, EUR8819951093...
Consumer prices, % p.a.14.06.11.72.21.81.8
Fiscal balance in % of GDP-0.4-1.2-0.5-0.7-1.0-1.0
Public debt in % of GDP29.326.427.5...
Current account in % of GDP-4.4-2.3-4.2-5.0-5.0-4.9
FDI inflow, EUR m8069571041...
Gross external debt in % of GDP51.647.450.0...


Basic data are continuously updated.

* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.

publication_icon

Monthly Report No. 1/2025

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej J. Grodzicki, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 1, January 2025
50 pages including 6 Tables and 13 Figures

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


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