This page has economic forecasts for Bosnia and Herzegovina including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Bosnia and Herzegovina economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.10 0.6 0.5 0.4 0.5 0.5 percent
Unemployment Rate 35.89 37 36 36 35.8 30 percent
Inflation Rate 1.70 1.6 1.7 1.8 1.9 2 percent
Interest Rate 3.72 4.25 4.5 4.5 5 5.5 percent
Balance of Trade -594088.12 -626975 -629049 -629317 -629302 -629291 BAM Thousand
Government Debt to GDP 26.00 30 29.6 29.6 29.6 29.2 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Stock Market 628.30
points
625 618 610 603 574
Currency 1.72
1.71 1.72 1.73 1.74 1.79
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.10
percent
0.6 0.5 0.4 0.5 0.5
GDP Annual Growth Rate 3.40
percent
2.5 3.7 3.2 3 2.7
GDP 18.17
USD Billion
18.3 18.5 18.5 18.5 18.8
GDP Constant Prices 7499850.00
BAM Thousand
7277198 6847628 7739845 7724846 7660524
Gross Fixed Capital Formation 5487096.00
BAM THO
5624273 5690119 5662683 5651709 5920532
GDP per capita 5561.29
USD
5800 6410 6410 6410 6900
GDP per capita PPP 11713.89
USD
12500 13000 13000 13000 13200
GDP From Agriculture 469177.00
BAM Thousand
230846 216808 484191 483252 243006
GDP From Construction 305668.00
BAM Thousand
306830 282865 315449 314838 322992
GDP From Manufacturing 913596.00
BAM Thousand
964911 832621 942831 941004 1015738
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 35.89
percent
37 36 36 35.8 30
Unemployed Persons 448570.00
434558 430917 425617 422928 412115
Wages 1351.00
BAM/Month
1345 1340 1382 1387 1380
Wages in Manufacturing 978.00
BAM/Month
990 970 986 986 1015
Population 3.50
Million
3.4 3.39 3.38 3.37 3.35
Employed Persons 801293.00
795282 796573 797142 796927 796877
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 1.70
percent
1.6 1.7 1.8 1.9 2
Consumer Price Index CPI 100.40
Index Points
101 103 103 102 105
Producer Prices Change 4.20
percent
4.4 3.8 3.9 4.1 2.5
Inflation Rate Mom 0.50
percent
0.1 0.2 0.3 0.2 0.1
Food Inflation 0.10
percent
1.1 1 0.9 1.2 1.8
Cpi Housing Utilities 102.70
Index Points
105 105 101 102 106
CPI Transportation 109.30
Index Points
101 107 111 111 105
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 3.72
percent
4.25 4.5 4.5 5 5.5
Money Supply M0 4717.25
BAM Million
4758 4807 4858 4909 5366
Money Supply M1 11993.22
BAM Million
12365 12720 13071 13417 16349
Money Supply M2 23840.00
BAM Million
24292 24731 25168 25601 29391
Money Supply M3 11846.78
BAM Million
11967 12081 12195 12307 13259
Foreign Exchange Reserves 11561.72
BAM Million
11784 11998 12209 12418 14193
Deposit Interest Rate 1.21
percent
1.74 1.99 1.99 2.49 2.99
Loans To Private Sector 8520.30
BAM Million
8597 8638 8674 8707 8881
Central Bank Balance Sheet 11452.40
BAM Million
11743 11945 12145 12343 14038
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -594088.12
BAM Thousand
-626975 -629049 -629317 -629302 -629291
Exports 951615.34
BAM Thousand
963512 963376 963378 963378 963378
Imports 1545703.46
BAM Thousand
1588169 1592426 1592695 1592680 1592669
Current Account -344.80
BAM Million
-354 -352 -338 -335 -342
Current Account to GDP -4.80
percent
-6 -6.5 -6.5 -6.5 -5.5
External Debt 8281855.58
BAM THO
8252028 8238770 8218583 8204202 8106270
Capital Flows -71.33
BAM Million
-206 -192 -231 -225 -234
Gold Reserves 3.00
Tonnes
2.99 2.99 2.99 2.99 2.99
Terrorism Index 2.03
2.03 2.03 2.03 2.03 2.03
Tourist Arrivals 185648.00
97900 95500 137100 137000 120000
Foreign Direct Investment 197.30
BAM Million
600 214 281 174 370
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 26.00
percent
30 29.6 29.6 29.6 29.2
Government Budget 2.60
percent of GDP
1.7 1.4 1.4 1.4 1.2
Government Budget Value 1676.00
BAM Million
1860 1798 1860 1923 2439
Government Spending 6366143.00
BAM THO
6525297 6601690 6569860 6557127 6869017
Government Revenues 13479.30
BAM Million
13915 14009 14102 14196 14886
Fiscal Expenditure 11913.44
BAM Million
12180 12211 12242 12273 12447
Government Spending To GDP 40.40
percent
40.4 40.4 40.4 40.4 40.4
Military Expenditure 158.72
USD Million
164 165 167 168 195
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production 1.00
percent
3.8 3.5 3.4 3.3 2.9
Manufacturing Production 0.50
percent
-2.14 -1.57 -1.68 -1.58 -1.61
Internet Speed 8562.09
KBps
9933 9970 9796 10088 11471
IP Addresses 497687.00
IP
554252 561436 567873 573828 615974
Industrial Production Mom 2.40
percent
0.29 0.23 0.26 0.26 0.26
Steel Production 75.00
Thousand Tonnes
52.34 57.5 56.39 56.6 56.57
Mining Production 1.00
percent
2.19 2.46 2.5 2.5 2.49
Ease of Doing Business 89.00
96 88 84 80 80
Competitiveness Index 54.16
Points
54.66 54.66 54.66 54.66 57.16
Competitiveness Rank 91.00
91 91 91 91 91
Corruption Index 38.00
Points
38 38 38 38 38
Corruption Rank 91.00
91 91 91 91 91
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Retail Sales MoM -1.40
percent
0.81 1.03 0.82 0.65 0.76
Retail Sales YoY 9.40
percent
4.5 4.1 3.6 2.9 2.5
Consumer Spending 24519561.00
BAM THO
25132550 25426785 25304187 25255148 26456407
Gasoline Prices 1.34
USD/Liter
1.32 1.3 1.27 1.25 1.16
Consumer Credit 9106.60
BAM Million
9308 9446 9575 9696 10468
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 359.00
955 787 399 673 873
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 10.00
percent
10 10 10 10 10
Personal Income Tax Rate 10.00
percent
10 10 10 10 10
Sales Tax Rate 17.00
percent
17 17 17 17 17
Social Security Rate 42.00
percent
42 42 42 42 42
Social Security Rate For Companies 11.00
percent
11 11 11 11 11
Social Security Rate For Employees 31.00
percent
31 31 31 31 31
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 22.81
celsius
6.18 2.22 15.31 13.17 10.67



Bosnia and Herzegovina - Economic Forecasts - 2018-2020 Outlook