Bosnia and Herzegovina | Economic Forecasts | 2017-2020 Outlook

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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.70 0.7 0.7 0.6 0.5 0.5 percent [+]
Unemployment Rate 40.06 39.7 39.4 38.8 38.4 36 percent [+]
Inflation Rate 1.40 1.9 2.2 2.5 2.7 2.2 percent [+]
Interest Rate 4.54 4 3.75 3.5 3.5 2.5 percent [+]
Balance of Trade -579643.18 -585979 -588859 -589669 -589911 -589930 BAM Thousand [+]
Government Debt to GDP 30.90 30.98 30.92 30.86 30.86 30.86 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Stock Market 619.95 605 599 581 587 489 points [+]
Currency 1.75 1.86 1.88 1.93 1.91 2.21 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.70 0.7 0.7 0.6 0.5 0.5 percent [+]
GDP Annual Growth Rate 2.60 2.3 2.5 2.5 2.4 2.7 percent [+]
GDP 16.19 16.69 16.61 16.98 16.43 19.65 USD Billion [+]
GDP Constant Prices 6827876.00 7023328 7628732 6884587 6350961 6919404 BAM Thousand [+]
Gross Fixed Capital Formation 5050008.00 5389151 5311831 5234511 5341503 5916206 BAM THO [+]
GDP per capita 4801.87 4825 4893 4961 4978 5235 USD [+]
GDP per capita PPP 10118.80 10168 10311 10455 10491 11031 USD [+]
GDP From Agriculture 236459.00 454795 851903 243402 200432 263393 BAM Thousand [+]
GDP From Construction 284945.00 274083 285043 281445 255704 278014 BAM Thousand [+]
GDP From Manufacturing 863938.00 879404 846149 863859 767545 855070 BAM Thousand [+]
GDP From Mining 128493.00 137865 140922 144313 130989 142294 BAM Thousand [+]
GDP From Public Administration 589843.00 587276 587827 588174 588345 588050 BAM Thousand [+]
GDP From Services 788360.00 871188 871188 871188 871188 871188 BAM Thousand [+]
GDP From Transport 217369.00 239529 245168 241634 224153 239999 BAM Thousand [+]
GDP From Utilities 70250.00 69941 70220 69949 70098 70084 BAM Thousand [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 40.06 39.7 39.4 38.8 38.4 36 percent [+]
Unemployed Persons 501522.00 494020 491222 488143 486972 484107 [+]
Wages 1327.00 1325 1327 1330 1334 1362 BAM/Month [+]
Wages in Manufacturing 947.00 940 938 938 938 938 BAM/Month [+]
Population 3.83 3.82 3.82 3.82 3.82 3.83 million [+]
Employed Persons 750543.00 745379 743349 744524 744865 744588 [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.40 1.9 2.2 2.5 2.7 2.2 percent [+]
Consumer Price Index CPI 104.00 104 104 104 104 104 Index Points [+]
Producer Prices Change 2.70 5.2 5.6 4.9 3.4 2.6 percent [+]
Inflation Rate Mom -0.30 0.14 0.12 0.07 0.08 0.09 percent [+]
Food Inflation 0.70 1.1 1.41 1.56 1.63 1.69 percent [+]
Cpi Transportation 103.50 103 103 103 103 103 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 4.54 4 3.75 3.5 3.5 2.5 percent [+]
Money Supply M0 4074.39 4125 4170 4215 4260 4757 BAM Million [+]
Money Supply M1 9374.82 9485 9597 9709 9821 11055 BAM Million [+]
Money Supply M2 20543.62 20888 21227 21562 21891 25227 BAM Million [+]
Money Supply M3 11168.80 11306 11440 11573 11704 13050 BAM Million [+]
Foreign Exchange Reserves 9241.16 9345 9444 9541 9634 10468 BAM Million [+]
Deposit Interest Rate 1.60 1.96 1.66 1.36 1.17 -0.16 percent [+]
Loans To Private Sector 7772.90 7887 7971 8046 8113 8524 BAM Million [+]
Central Bank Balance Sheet 9323215.00 9063194 8879360 8741193 8633769 8319336 BAM Thousand [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -579643.18 -585979 -588859 -589669 -589911 -589930 BAM Thousand [+]
Exports 889038.54 907256 903525 902722 902599 902601 BAM Thousand [+]
Imports 1468681.72 1487419 1484829 1484816 1484966 1485049 BAM Thousand [+]
Current Account -351.29 -350 -252 -358 -257 -355 BAM Million [+]
Current Account to GDP -5.60 -6.85 -6.63 -6.41 -6.42 -6.44 percent [+]
External Debt 8870660.69 8995913 9048554 9097779 9143632 9496546 BAM THO [+]
Capital Flows -243.66 -137 -179 -71.87 -180 -127 BAM Million [+]
Gold Reserves 2.99 2.99 2.99 2.99 2.99 2.99 Tonnes [+]
Foreign Direct Investment 80.50 126 79.23 249 142 170 BAM Million [+]
Terrorism Index 2.68 2.25 2.36 2.46 2.41 1.55 [+]
Tourist Arrivals 56042.00 105294 98637 80146 85490 89146 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 30.90 30.98 30.92 30.86 30.86 30.86 percent [+]
Government Budget 0.70 0.55 1.46 2.37 2.19 -0.86 percent of GDP [+]
Government Budget Value 748.00 581 620 660 602 322 BAM Million [+]
Government Spending 6130769.00 6079099 6051632 6024165 6051363 6124408 BAM THO [+]
Government Revenues 12335.09 12426 12597 12769 12777 13384 BAM Million [+]
Fiscal Expenditure 11587.02 11756 11941 12126 12126 12498 BAM Million [+]
Military Expenditure 193.00 200 202 204 209 293 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 0.10 2.01 2.68 2.97 3.12 3.35 percent [+]
Manufacturing Production 3.10 3.06 3.27 3.43 3.54 3.86 percent [+]
Steel Production 60.00 62.64 61.87 62.79 62.57 62.61 Thousand Tonnes [+]
Mining Production 8.40 4.11 2.64 2.35 2.32 2.33 percent [+]
Industrial Production Mom 0.30 0.41 0.26 0.26 0.26 0.26 percent [+]
Ease of Doing Business 81.00 88 89 90 96 131 [+]
Competitiveness Index 3.80 3.6 3.6 3.6 3.72 3.89 Points [+]
Competitiveness Rank 107.00 114 114 114 105 105 [+]
Corruption Index 39.00 39 40 41 41 39 Points [+]
Corruption Rank 83.00 80 78 76 76 74 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales MoM 3.30 1.92 0.01 0.58 1.48 0.99 percent [+]
Retail Sales YoY 10.20 8.85 8.4 7.99 7.83 7.68 percent [+]
Consumer Spending 23230853.00 23550748 23564154 23577561 23659229 24775311 BAM THO [+]
Gasoline Prices 1.20 1.2 1.2 1.2 1.2 1.2 USD/Liter [+]
Consumer Credit 8095.40 8172 8223 8269 8312 8606 BAM Million [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 290.00 623 568 1115 321 951 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 10.00 10 10 10 10 10 percent [+]
Personal Income Tax Rate 10.00 10 10 10 10 10 percent [+]
Sales Tax Rate 17.00 17 17 17 17 17 percent [+]
Social Security Rate 41.50 41.5 41.5 41.5 41.5 41.5 percent [+]
Social Security Rate For Companies 10.50 10.5 10.5 10.5 10.5 10.5 percent [+]
Social Security Rate For Employees 31.00 31 31 31 31 31 percent [+]