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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.50 0.6 0.5 0.5 0.6 0.5 percent [+]
Unemployment Rate 39.40 39 38.8 38.4 38.2 30 percent [+]
Inflation Rate 1.50 1.7 2.1 2 1.8 2.2 percent [+]
Interest Rate 4.24 3.5 3.5 3.25 3.25 2.5 percent [+]
Balance of Trade -598919.57 -598139 -591581 -587160 -583614 -569028 BAM Thousand [+]
Government Debt to GDP 29.90 30.4 30 30 30 29.2 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Stock Market 620.50 629 622 616 610 540 points [+]
Currency 1.66 1.65 1.64 1.62 1.6 1.42 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.50 0.6 0.5 0.5 0.6 0.5 percent [+]
GDP Annual Growth Rate 1.70 2.6 2.8 2.7 2.6 2.7 percent [+]
GDP 16.56 16.98 16.07 15.65 15.22 19.65 USD Billion [+]
GDP Constant Prices 7150166.00 6948240 6455434 7135538 7618333 6925169 BAM Thousand [+]
Gross Fixed Capital Formation 5222232.00 4769009 4713006 4657003 4600999 5010906 BAM THO [+]
GDP per capita 5305.56 5360 5380 5380 5380 5560 USD [+]
GDP per capita PPP 11179.35 11335 11360 11384 11409 11450 USD [+]
GDP From Agriculture 434508.00 247973 198238 419258 853168 280981 BAM Thousand [+]
GDP From Construction 285470.00 282463 275423 280552 282313 277013 BAM Thousand [+]
GDP From Manufacturing 906051.00 865412 791993 890056 845286 851471 BAM Thousand [+]
GDP From Mining 128493.00 139074 131891 128102 133228 133849 BAM Thousand [+]
GDP From Public Administration 589843.00 582475 582053 581667 581309 578924 BAM Thousand [+]
GDP From Services 788360.00 965294 798770 916475 1007362 958895 BAM Thousand [+]
GDP From Transport 217369.00 239223 224926 229844 241728 234828 BAM Thousand [+]
GDP From Utilities 70250.00 67592 67558 67598 67661 67951 BAM Thousand [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 39.40 39 38.8 38.4 38.2 30 percent [+]
Unemployed Persons 485088.00 486899 489353 491392 493375 506701 [+]
Wages 1310.00 1326 1327 1327 1326 1319 BAM/Month [+]
Wages in Manufacturing 946.00 958 957 957 956 949 BAM/Month [+]
Population 3.83 3.83 3.84 3.84 3.84 3.86 million [+]
Employed Persons 746178.00 727369 717657 711667 708063 702760 [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 1.50 1.7 2.1 2 1.8 2.2 percent [+]
Consumer Price Index CPI 103.40 104 104 104 104 103 Index Points [+]
Inflation Rate Mom 0.50 0.08 0.12 0.13 0.13 0.13 percent [+]
Producer Prices Change 1.50 0.5 1 1.6 2.5 2.6 percent [+]
Food Inflation 2.10 3.41 3.9 3.85 3.55 2.55 percent [+]
CPI Transportation 102.20 103 103 103 103 104 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 4.24 3.5 3.5 3.25 3.25 2.5 percent [+]
Money Supply M0 4333.97 4331 4322 4313 4305 4231 BAM Million [+]
Money Supply M1 10260.47 10384 10406 10404 10394 10286 BAM Million [+]
Money Supply M2 21617.62 21878 21977 22008 22009 21834 BAM Million [+]
Money Supply M3 11357.15 11435 11463 11469 11465 11376 BAM Million [+]
Foreign Exchange Reserves 10200.15 10289 10290 10277 10263 10136 BAM Million [+]
Deposit Interest Rate 1.60 3.53 3.46 3.38 3.31 6.54 percent [+]
Loans To Private Sector 8122.40 8137 8137 8130 8120 7998 BAM Million [+]
Central Bank Balance Sheet 10285791.00 10874869 11292289 11599376 11824509 12194149 BAM Thousand [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -598919.57 -598139 -591581 -587160 -583614 -569028 BAM Thousand [+]
Exports 945371.53 921988 922615 921049 918950 899601 BAM Thousand [+]
Imports 1533761.80 1520296 1513537 1507576 1501689 1451674 BAM Thousand [+]
Current Account -472.55 -498 -488 -495 -490 -490 BAM Million [+]
Current Account to GDP -4.50 -4.8 -4.4 -4.4 -4.4 -3.9 percent [+]
External Debt 8386846.75 8077653 7924394 7798834 7681118 7021374 BAM THO [+]
Capital Flows -200.11 -299 -300 -320 -286 -280 BAM Million [+]
Gold Reserves 2.99 2.94 2.92 2.9 2.88 2.72 Tonnes [+]
Foreign Direct Investment 536.30 427 462 465 398 470 BAM Million [+]
Terrorism Index 2.68 2.13 2.08 2.03 1.98 1.47 [+]
Tourist Arrivals 160932.00 88600 54600 53800 63700 67200 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 29.90 30.4 30 30 30 29.2 percent [+]
Government Budget 1.20 1.5 1.5 1.7 1.7 1.2 percent of GDP [+]
Government Budget Value 1095.00 984 860 737 613 207 BAM Million [+]
Government Spending 6287564.00 6188293 6159551 6130808 6102065 5692607 BAM THO [+]
Government Revenues 12767.34 12885 12868 12852 12835 12322 BAM Million [+]
Fiscal Expenditure 11672.33 11527 11456 11384 11313 10426 BAM Million [+]
Military Expenditure 166.10 180 184 187 191 233 USD Million [+]
Government Spending To Gdp 41.50 39.47 39.51 39.56 39.6 41.02 percent [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production 4.80 4.36 3.91 3.64 3.48 3.31 percent [+]
Manufacturing Production 8.90 7.58 6.84 6.39 6.08 5.41 percent [+]
Internet Speed 8562.09 8801 8495 8365 8625 7592 KBps [+]
IP Addresses 497687.00 526138 531464 538006 541224 526407 IP [+]
Mining Production 2.40 1.97 2.44 2.55 2.56 2.55 percent [+]
Industrial Production Mom -1.00 0.2 0.34 0.34 0.34 0.34 percent [+]
Ease of Doing Business 86.00 87 98 104 109 130 [+]
Competitiveness Index 3.87 3.79 3.79 3.79 3.79 3.83 Points [+]
Competitiveness Rank 103.00 102 102 102 102 90 [+]
Corruption Index 39.00 38 38 37 37 36 Points [+]
Corruption Rank 83.00 87 87 87 87 86 [+]
Steel Production 67.58 62.62 60.59 59.04 58.07 55.13 Thousand Tonnes [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Retail Sales MoM -3.60 1.21 2.07 1.34 0.79 1.2 percent [+]
Retail Sales YoY 2.80 3.36 4 4.4 4.63 4.97 percent [+]
Consumer Spending 23793192.00 23914145 23916199 23918254 23920309 23607760 BAM THO [+]
Gasoline Prices 1.28 1.27 1.26 1.26 1.25 1.21 USD/Liter [+]
Consumer Credit 8522.00 8616 8685 8735 8768 8712 BAM Million [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Housing Index 520.00 1171 415 602 707 1121 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 10.00 10 10 10 10 10 percent [+]
Personal Income Tax Rate 10.00 10 10 10 9 9 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 [+]