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.

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Bosnia and Herzegovina GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-02 10:30 AM Q1 1.5% -3.8% -2%
2021-10-04 02:00 PM Q2 11.6% 2.5% 10.5%
2021-12-30 11:30 AM Q3 11.6% 7%


Related Last Previous Unit Reference
GDP Growth Rate 1.90 6.10 percent Jun/21
GDP Annual Growth Rate 11.60 2.50 percent Jun/21
GDP Constant Prices 8287298.00 7761981.00 BAM Thousand Jun/21
Gross Fixed Capital Formation 6929649.00 6173830.00 BAM Thousand Dec/19
GDP From Manufacturing 982541.00 923236.00 BAM Thousand Jun/21
GDP From Construction 371907.00 322104.00 BAM Thousand Jun/21
GDP From Agriculture 435140.00 369167.00 BAM Thousand Jun/21
GDP From Utilities 70250.00 69494.00 BAM Thousand Mar/16
GDP From Transport 217369.00 244692.00 BAM Thousand Mar/16
GDP From Services 788360.00 972195.00 BAM Thousand Mar/16
GDP From Public Administration 589843.00 593566.00 BAM Thousand Mar/16
GDP From Mining 128493.00 147241.00 BAM Thousand Mar/16

News Stream
Bosnia’s GDP Growth Strongest in At least 16-1/2 Years
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
2021-10-04
Bosnia's Economy Exits Recession in Q1
Bosnia and Herzegovina’s GDP rebounded 1.5 percent year-on-year in the first quarter of 2021, after three consecutive quarters of contraction amid the pandemic shock. The largest rises were recorded in the manufacturing sector (8.4 percent), financial & insurance activities (5.1 percent) and administrative & support services (4.8 percent). On a seasonally adjusted quarterly basis, the economy grew by 4.6 percent, after a 3.0 percent advance in Q4 2020.
2021-07-02
Bosnia's Economy Contracts 3.8% YoY in Q4
Bosnia and Herzegovina's GDP contracted 3.8 percent year-on-year in the fourth quarter of 2020, following a 6.3 percent slump in the previous period. The largest declines were recorded in the accommodation and food service activities (-34.5 percent), transportation and storage (-18.8 percent), and wholesale and retail trade; repair of motor vehicles and motorcycles (-8.8 percent). On a seasonally adjusted quarterly basis, the economy grew by 3 percent, after a 4.1 percent advance in the July-September quarter.
2021-03-31

Bosnia and Herzegovina GDP Annual Growth Rate
Manufacturing and mining are important sectors of Bosnia and Herzegovina's economy and make-up the bulk of exports. Tourism is currently growing and is expected to become vital. On the expenditure side, household consumption is the main component of GDP and accounts for 81 percent of its total use, followed by government expenditure (22 percent) and gross fixed capital formation (18 percent). Exports of goods and services account for 33 percent of GDP while imports account for 55 percent, subtracting 22 percent from the GDP.