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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.30 0.5 0.6 0.6 0.4 0.5 percent
Unemployment Rate 36.99 37 37.5 37 36 30 percent
Inflation Rate 1.00 1.7 1.8 2 2.3 2.2 percent
Interest Rate 3.96 4 4.25 4.25 4.5 3.5 percent
Balance of Trade -676679.77 -648439 -630191 -597705 -607525 -497569 BAM Thousand
Government Debt to GDP 26.00 30 30 30 29.6 29.2 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Stock Market 604.77
points
615 596 578 560 494
Currency 1.66
1.63 1.66 1.7 1.73 1.89
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.30
percent
0.5 0.6 0.6 0.4 0.5
GDP Annual Growth Rate 3.00
percent
2.7 2.6 2.5 2.1 2.7
GDP 16.56
USD Billion
16.55 16.57 17.56 18.36 19.65
GDP Constant Prices 7138554.00
BAM Thousand
7246765 8040499 7311792 6597306 7696940
Gross Fixed Capital Formation 5222232.00
BAM THO
5363232 5358010 5502666 5481192 5792519
GDP per capita 5305.56
USD
5380 5380 5380 5410 5560
GDP per capita PPP 11179.35
USD
11297 11295 11293 11716 11827
GDP From Agriculture 225216.00
BAM Thousand
440378 868379 259240 216863 272895
GDP From Construction 299346.00
BAM Thousand
289327 310737 314964 269395 331554
GDP From Manufacturing 941377.00
BAM Thousand
918292 927610 917300 798571 965618
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 36.99
percent
37 37.5 37 36 30
Unemployed Persons 466330.00
459687 456056 452421 450507 444604
Wages 1351.00
BAM/Month
1326 1315 1345 1340 1380
Wages in Manufacturing 960.00
BAM/Month
970 968 990 970 1015
Population 3.50
million
3.44 3.44 3.43 3.44 3.54
Employed Persons 794505.00
781576 776398 779307 780175 779537
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 1.00
percent
1.7 1.8 2 2.3 2.2
Consumer Price Index CPI 100.60
Index Points
101 100 101 103 106
Producer Prices Change 2.70
percent
2.4 2.5 2.3 2.1 2.6
Inflation Rate Mom -0.40
percent
0.09 0.03 0.07 0.07 0.07
Food Inflation 1.10
percent
1 1 0.99 0.98 0.97
Cpi Housing Utilities 100.90
Index Points
101 100 100 100 100
CPI Transportation 105.90
Index Points
100 99.22 101 108 106
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 3.96
percent
4 4.25 4.25 4.5 3.5
Money Supply M0 4342.75
BAM Million
4262 4293 4268 4275 4271
Money Supply M1 10723.06
BAM Million
10159 9972 10040 10172 10145
Money Supply M2 22381.14
BAM Million
21048 20767 21099 21733 21335
Money Supply M3 11658.08
BAM Million
11229 11287 11372 11366 11328
Foreign Exchange Reserves 10884.70
BAM Million
10660 10643 10663 10644 10663
Deposit Interest Rate 1.21
percent
1.33 1.58 1.58 1.83 0.83
Loans To Private Sector 8410.50
BAM Million
8110 8103 8113 8116 8115
Central Bank Balance Sheet 10659.00
BAM Million
10813 10935 11058 11180 12527
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -676679.77
BAM Thousand
-648439 -630191 -597705 -607525 -497569
Exports 944634.32
BAM Thousand
970305 981744 991496 1001360 1111234
Imports 1621314.09
BAM Thousand
1618744 1611934 1609457 1608885 1608803
Current Account -549.40
BAM Million
-549 -448 -549 -448 -549
Current Account to GDP -4.50
percent
-4.4 -4.4 -4.4 -4.2 -3.9
External Debt 8146045.77
BAM THO
7956795 7872493 7792467 7719802 7220823
Capital Flows -316.50
BAM Million
-256 -280 -251 -261 -245
Gold Reserves 3.00
Tonnes
3 3 2.99 2.99 2.99
Terrorism Index 2.03
2.22 2.15 2.09 1.96 1.85
Tourist Arrivals 64382.00
59100 67800 70800 69700 68300
Foreign Direct Investment 233.50
BAM Million
245 223 403 288 313
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 26.00
percent
30 30 30 29.6 29.2
Government Budget 1.20
percent of GDP
1.7 1.7 1.7 0.78 1.2
Government Budget Value 1095.00
BAM Million
1055 1206 1564 1413 1952
Government Spending 6287564.00
BAM THO
6457328 6451041 6625206 6599352 6974189
Government Revenues 12767.34
BAM Million
12661 12773 12885 12868 11964
Fiscal Expenditure 11672.33
BAM Million
11606 11567 11527 11456 10012
Government Spending To Gdp 41.50
percent
40.69 40.08 39.47 39.51 42
Military Expenditure 158.72
USD Million
168 171 174 175 195
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production 3.20
percent
3.29 5.23 3.13 4.66 4
Manufacturing Production -1.20
percent
7.87 4.76 -1.7 5.75 6.63
Internet Speed 8562.09
KBps
8365 8625 8533 8266 7116
IP Addresses 497687.00
IP
538006 541224 543296 545041 502327
Industrial Production Mom -0.40
percent
0 0.26 0.3 0.3 0.3
Steel Production 31.57
Thousand Tonnes
60.76 59.8 61.14 60.85 60.86
Mining Production -17.80
percent
5.3 5.07 4.21 6.29 5.07
Ease of Doing Business 86.00
98 104 109 113 130
Competitiveness Index 3.87
Points
3.79 3.79 3.79 3.86 3.79
Competitiveness Rank 103.00
105 105 105 105 105
Corruption Index 38.00
Points
38 38 38 38 38
Corruption Rank 91.00
91 91 91 91 91
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Retail Sales MoM 1.00
percent
0.84 1.01 1.4 1.26 1.21
Retail Sales YoY -0.40
percent
5.61 3.32 4.2 7.27 6.1
Consumer Spending 23793192.00
BAM THO
24435608 24411815 25070886 24973049 26391495
Gasoline Prices 1.33
USD/Liter
1.14 1.07 1.01 0.95 0.66
Consumer Credit 8661.90
BAM Million
8761 8831 8895 8955 9373
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 814.00
638 718 997 823 938
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 22.81
celsius
14.41 18.99 6.18 2.22 10.67