The Bosnia and Herzegovina's economy expanded 3.0 percent year-on-year in the fourth quarter of 2018, following a downwardly revised 2.7 percent growth in the previous period. Growth was supported by wholesale & retail trade; repair of motor vehicles, transportation, accommodation and food services (7.2 percent from 7.1 percent in Q3); financial and insurance (8.1 percent from 3.7 percent); agriculture (7.6 percent from 4.4 percent); public administration & defence, education and health (0.2 percent from -0.2 percent). Meanwhile, production rose at a slower pace for industry (0.8 percent from 1.2 percent) and construction (0.3 percent from 1.6 percent) and while arts, entertainment & recreation and other services contracted (-1.7 percent from -0.4 percent). On a quarterly basis, the GDP advanced 0.3 percent, slowing from a 0.8 percent increase in the previous quarter. In 2018, the economy expanded 3.1 percent, compared to a 3.2 percent growth a year. GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.77 percent from 2004 until 2018, reaching an all time high of 6.40 percent in the third quarter of 2011 and a record low of -6.70 percent in the fourth quarter of 2009.
GDP Annual Growth Rate in Bosnia and Herzegovina is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Bosnia and Herzegovina to stand at 2.50 in 12 months time. In the long-term, the Bosnia and Herzegovina GDP Annual Growth Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.