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 Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 0.40 0.7 0.6 0.5 0.5 0.5 percent [+]
Unemployment Rate 39.39 39.2 39 38.8 38.4 30 percent [+]
Inflation Rate 0.90 1.8 2 2.2 2 2.2 percent [+]
Interest Rate 4.53 3.75 3.5 3.5 3.25 2.5 percent [+]
Balance of Trade -574193.94 -617250 -608134 -607361 -607833 -608078 BAM Thousand [+]
Government Debt to GDP 29.90 30.4 30.4 30 30 29.2 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Stock Market 622.82 612 606 600 594 526 points [+]
Currency 1.64 1.61 1.6 1.58 1.56 1.39 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 0.40 0.7 0.6 0.5 0.5 0.5 percent [+]
GDP Annual Growth Rate 2.70 2.6 2.6 2.8 2.7 2.7 percent [+]
GDP 16.56 16.57 16.98 16.29 15.97 19.65 USD Billion [+]
GDP Constant Prices 6411744.00 7684666 6941567 6471636 7162900 7010605 BAM Thousand [+]
Gross Fixed Capital Formation 5050008.00 5311831 5234511 5341503 5448496 5916206 BAM THO [+]
GDP per capita 5305.56 5361 5360 5387 5413 5560 USD [+]
GDP per capita PPP 11179.35 11295 11293 11350 11407 11716 USD [+]
GDP From Agriculture 206428.00 853808 243480 206731 455459 262660 BAM Thousand [+]
GDP From Construction 260411.00 287228 283216 260441 276439 280947 BAM Thousand [+]
GDP From Manufacturing 774127.00 854522 871498 785158 896795 865632 BAM Thousand [+]
GDP From Mining 128493.00 140922 144313 130989 138923 142294 BAM Thousand [+]
GDP From Public Administration 589843.00 587827 588174 588345 588356 588050 BAM Thousand [+]
GDP From Services 788360.00 871294 871294 871294 871294 871294 BAM Thousand [+]
GDP From Transport 217369.00 245101 241516 224020 240089 239768 BAM Thousand [+]
GDP From Utilities 70250.00 70211 69954 70150 70108 70112 BAM Thousand [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 39.39 39.2 39 38.8 38.4 30 percent [+]
Unemployed Persons 486309.00 484004 477252 475836 473184 469678 [+]
Wages 1318.00 1326 1331 1336 1340 1368 BAM/Month [+]
Wages in Manufacturing 952.00 949 949 950 950 950 BAM/Month [+]
Population 3.83 3.82 3.82 3.82 3.82 3.83 million [+]
Employed Persons 748181.00 742811 745168 746334 745795 745718 [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 0.90 1.8 2 2.2 2 2.2 percent [+]
Consumer Price Index CPI 102.80 103 103 103 103 103 Index Points [+]
Producer Prices Change -0.10 5.6 4.9 3.4 3.4 2.6 percent [+]
Inflation Rate Mom -0.40 -0.31 -0.36 -0.36 -0.36 -0.36 percent [+]
Food Inflation 0.60 0.56 0.5 0.48 0.47 0.46 percent [+]
CPI Transportation 101.70 103 103 103 103 103 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 4.53 3.75 3.5 3.5 3.25 2.5 percent [+]
Money Supply M0 4272.37 4322 4323 4315 4306 4222 BAM Million [+]
Money Supply M1 10002.93 10107 10182 10192 10186 10071 BAM Million [+]
Money Supply M2 21224.85 21420 21584 21640 21652 21466 BAM Million [+]
Money Supply M3 11221.91 11222 11219 11210 11201 11096 BAM Million [+]
Foreign Exchange Reserves 9580.45 9605 9610 9599 9585 9451 BAM Million [+]
Deposit Interest Rate 1.60 1.66 1.36 1.17 0.98 -0.16 percent [+]
Loans To Private Sector 7968.30 8137 8247 8345 8433 8943 BAM Million [+]
Central Bank Balance Sheet 9551037.00 9800490 9915058 9991365 10069226 10265646 BAM Thousand [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -574193.94 -617250 -608134 -607361 -607833 -608078 BAM Thousand [+]
Exports 902188.02 886900 891779 892517 892542 892492 BAM Thousand [+]
Imports 1476381.96 1525008 1514727 1513555 1513656 1513815 BAM Thousand [+]
Current Account -328.06 -287 -399 -300 -395 -397 BAM Million [+]
Current Account to GDP -4.50 -4.8 -4.8 -4.4 -4.4 -3.9 percent [+]
External Debt 8746186.04 8766003 8770186 8775000 8779357 8811174 BAM THO [+]
Capital Flows -276.52 -300 -201 -270 -238 -245 BAM Million [+]
Gold Reserves 2.99 2.99 2.99 2.99 2.99 2.99 Tonnes [+]
Foreign Direct Investment 536.30 150 413 250 268 291 BAM Million [+]
Terrorism Index 2.68 2.36 2.46 2.41 2.36 1.55 [+]
Tourist Arrivals 125616.00 81100 55500 58200 65600 65700 [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 29.90 30.4 30.4 30 30 29.2 percent [+]
Government Budget 0.70 1.46 2.37 2.19 2 -0.86 percent of GDP [+]
Government Budget Value 1095.00 920 984 860 737 207 BAM Million [+]
Government Spending 6130769.00 6051632 6024165 6051363 6078562 6124408 BAM THO [+]
Government Revenues 12767.34 12938 13053 13109 13165 13595 BAM Million [+]
Fiscal Expenditure 11672.33 11567 11527 11456 11384 10426 BAM Million [+]
Military Expenditure 166.10 171 174 175 177 191 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Industrial Production 5.60 3.09 3.22 3.26 3.25 3.21 percent [+]
Manufacturing Production 8.50 4.62 5.33 5.35 5.29 5.18 percent [+]
Steel Production 67.17 66.66 64.34 64.84 64.66 64.7 Thousand Tonnes [+]
Mining Production 5.50 4.49 2.64 2.56 2.62 2.64 percent [+]
Industrial Production Mom 0.90 0.48 0.25 0.33 0.34 0.34 percent [+]
Ease of Doing Business 81.00 89 90 96 101 131 [+]
Competitiveness Index 3.80 3.6 3.6 3.69 3.72 3.89 Points [+]
Competitiveness Rank 107.00 114 114 108 105 105 [+]
Corruption Index 39.00 40 41 41 41 39 Points [+]
Corruption Rank 83.00 78 76 76 76 74 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Retail Sales MoM 0.00 1.14 1.52 0.94 1.24 1.25 percent [+]
Retail Sales YoY 4.10 5.83 5.32 5.16 5.11 5.11 percent [+]
Consumer Spending 23230853.00 23564154 23577561 23659229 23740898 24775311 BAM THO [+]
Gasoline Prices 1.31 1.31 1.32 1.32 1.32 1.32 USD/Liter [+]
Consumer Credit 8331.00 8549 8686 8811 8926 9691 BAM Million [+]
HOUSING Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Housing Index 520.00 544 1098 307 532 926 [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 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 [+]