Bosnia and Herzegovina’s GDP expanded 11.6 percent year-on-year in the second quarter of 2021, following an upwardly revised 2.5 percent increase in the previous quarter. It was the largest GDP growth since at least Q4 of 2004, following a record 8 percent slump a year earlier due to the coronavirus crisis. This expansion was boosted by wholesale and retail trade, repair of motor vehicles and motorcycles (27 percent); transportation and storage (17.2 percent); and manufacturing (14.5 percent). On a seasonally adjusted quarterly basis, the economy growth slowed to 1.9 percent from an upwardly revised 6.1 percent in Q1 2021. source: Bosnia and Herzegovina Agency for Statistics (BHAS)
GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.77 percent from 2004 until 2021, reaching an all time high of 11.60 percent in the second quarter of 2021 and a record low of -8 percent in the second quarter of 2020. This page provides the latest reported value for - Bosnia and Herzegovina GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Bosnia and Herzegovina GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
GDP Annual Growth Rate in Bosnia and Herzegovina is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bosnia and Herzegovina GDP Annual Growth Rate is projected to trend around 3.00 percent in 2022 and 2.90 percent in 2023, according to our econometric models.