Bosnia and Herzegovina - Economic Forecasts - 2018-2020 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.60 0.5 0.5 0.6 0.6 0.5 percent
Unemployment Rate 38.65 38.8 38.4 38.2 38.2 30 percent
Inflation Rate 1.20 2.1 2 1.8 2.3 2.2 percent
Interest Rate 4.18 3.5 3.25 3.25 3.25 2.5 percent
Balance of Trade -621609.39 -584623 -582433 -579823 -577520 -568408 BAM Thousand
Government Debt to GDP 29.90 30 30 30 30 29.2 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Stock Market 586.85
points
558 542 526 511 402
Currency 1.59
1.64 1.68 1.71 1.74 1.89
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.60
percent
0.5 0.5 0.6 0.6 0.5
GDP Annual Growth Rate 2.30
percent
2.8 2.7 2.6 2.5 2.7
GDP 16.56
USD Billion
15.9 16.1 16.3 17.56 19.65
GDP Constant Prices 7937236.00
BAM Thousand
6388088 7164185 7884421 7104997 7110253
Gross Fixed Capital Formation 5222232.00
BAM THO
4773497 4772001 4770505 4769009 5010906
GDP per capita 5305.56
USD
5380 5380 5380 5380 5560
GDP per capita PPP 11179.35
USD
11214 11255 11295 11335 11450
GDP From Agriculture 857226.00
BAM Thousand
206015 426114 847630 268963 295376
GDP From Construction 306746.00
BAM Thousand
275360 283587 288363 281719 278292
GDP From Manufacturing 915697.00
BAM Thousand
795679 890307 906507 870607 867460
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 38.65
percent
38.8 38.4 38.2 38.2 30
Unemployed Persons 475549.00
477682 480038 482010 483983 501469
Wages 1332.00
BAM/Month
1327 1328 1328 1327 1318
Wages in Manufacturing 967.00
BAM/Month
960 959 958 958 949
Population 3.83
million
3.83 3.83 3.83 3.83 3.86
Employed Persons 754817.00
736551 726011 718816 713957 703983
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.20
percent
2.1 2 1.8 2.3 2.2
Consumer Price Index CPI 104.00
Index Points
104 104 104 104 103
Producer Prices Change 3.50
percent
2.2 2.4 2.5 2.3 2.6
Inflation Rate Mom 0.00
percent
0.09 0.08 0.07 0.08 0.07
Food Inflation 1.80
percent
1.97 2.11 2.26 2.37 2.45
CPI Transportation 102.10
Index Points
103 103 103 103 103
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 4.18
percent
3.5 3.25 3.25 3.25 2.5
Money Supply M0 4261.94
BAM Million
4223 4214 4206 4198 4133
Money Supply M1 10379.90
BAM Million
10419 10416 10406 10394 10299
Money Supply M2 21866.87
BAM Million
21997 22016 22012 21998 21833
Money Supply M3 11486.98
BAM Million
11570 11578 11575 11568 11487
Foreign Exchange Reserves 10330.86
BAM Million
10326 10313 10298 10284 10172
Deposit Interest Rate 1.60
percent
4.12 3.92 3.73 3.53 6.54
Loans To Private Sector 8210.50
BAM Million
8286 8309 8313 8309 8154
Central Bank Balance Sheet 10416880.00
BAM Thousand
10507566 10526929 10529074 10520398 10215582
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -621609.39
BAM Thousand
-584623 -582433 -579823 -577520 -568408
Exports 994513.41
BAM Thousand
980141 979218 977400 975283 957992
Imports 1616122.79
BAM Thousand
1554703 1552183 1547172 1541506 1496917
Current Account -252.72
BAM Million
-389 -466 -454 -478 -480
Current Account to GDP -4.50
percent
-4.4 -4.4 -4.4 -4.4 -3.9
External Debt 8341965.19
BAM THO
8068611 7973371 7876851 7793037 7309640
Capital Flows 17.89
BAM Million
-135 -174 -231 -245 -262
Gold Reserves 2.99
Tonnes
2.96 2.94 2.92 2.91 2.77
Terrorism Index 2.03
2.06 2.01 1.96 1.91 1.51
Tourist Arrivals 74681.00
29900 55400 76100 76700 68200
Foreign Direct Investment 122.40
BAM Million
391 344 288 389 432
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 29.90
percent
30 30 30 30 29.2
Government Budget 1.20
percent of GDP
1.5 1.7 1.7 1.7 1.2
Government Budget Value 1095.00
BAM Million
791 855 920 984 207
Government Spending 6287564.00
BAM THO
6167868 6174677 6181485 6188293 5692607
Government Revenues 12767.34
BAM Million
12549 12661 12773 12885 12322
Fiscal Expenditure 11672.33
BAM Million
11645 11606 11567 11527 10426
Government Spending To Gdp 41.50
percent
41.31 40.69 40.08 39.47 41.02
Military Expenditure 166.10
USD Million
174 176 178 180 233
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 4.90
percent
3.89 3.59 3.44 3.37 3.29
Manufacturing Production 7.90
percent
7.51 7.01 6.56 6.23 5.54
Internet Speed 8562.09
KBps
8495 8365 8625 8533 7592
IP Addresses 497687.00
IP
531464 538006 541224 543296 526407
Industrial Production Mom 1.00
percent
0.33 0.35 0.35 0.35 0.35
Steel Production 45.00
Thousand Tonnes
51.12 54.02 53.87 53.73 54.2
Mining Production 10.00
percent
3.63 2.76 2.65 2.67 2.68
Ease of Doing Business 86.00
92 98 104 109 130
Competitiveness Index 3.87
Points
3.79 3.79 3.79 3.79 3.83
Competitiveness Rank 103.00
102 102 102 102 90
Corruption Index 39.00
Points
37 38 38 38 36
Corruption Rank 83.00
84 85 86 87 86
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Retail Sales MoM 2.00
percent
2.29 1.5 0.66 1.1 1.19
Retail Sales YoY 5.40
percent
4.49 4.76 4.89 4.96 5.05
Consumer Spending 23793192.00
BAM THO
23719843 23784610 23849377 23914145 23607760
Gasoline Prices 1.30
USD/Liter
1.29 1.28 1.28 1.27 1.24
Consumer Credit 8596.70
BAM Million
8698 8750 8786 8809 8636
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Housing Index 640.00
414 602 710 1153 1121
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 10.00
percent
10 10 10 10 10
Personal Income Tax Rate 10.00
percent
10 10 10 10 9
Sales Tax Rate 17.00
percent
17 17 17 17 17
Social Security Rate 41.50
percent
42 42 42 42 42
Social Security Rate For Companies 10.50
percent
10.5 10.5 10.5 10.5 10.5
Social Security Rate For Employees 31.00
percent
31 31 31 31 31
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 22.81
celsius
2.21 14.41 18.99 6.18 10.67