The Gross Domestic Product (GDP) in Bosnia and Herzegovina expanded 7.50 percent in the fourth quarter of 2021 over the same quarter of the previous year. source: Bosnia and Herzegovina Agency for Statistics (BHAS)

GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.97 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 -7.90 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 June of 2022.

GDP Annual Growth Rate in Bosnia and Herzegovina is expected to be 3.50 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 2023 and 2.90 percent in 2024, according to our econometric models.

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Bosnia and Herzegovina GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-12-31 11:30 AM Q3 8.4% 11.6% 7%
2022-03-31 10:30 AM Q4 7.5% 6.9% 6%
2022-07-01 10:30 AM Q1 7.5% 7%


Related Last Previous Unit Reference
GDP Growth Rate 1.70 1.60 percent Dec 2021
GDP Annual Growth Rate 7.50 6.90 percent Dec 2021
GDP Constant Prices 8731655.00 8867891.00 BAM Thousand Dec 2021
Gross Fixed Capital Formation 7796480.00 6929649.00 BAM Thousand Dec 2020
GDP From Manufacturing 1111623.00 1033065.00 BAM Thousand Dec 2021
GDP From Construction 375757.00 393621.00 BAM Thousand Dec 2021
GDP From Agriculture 494834.00 725901.00 BAM Thousand Dec 2021
GDP From Utilities 70250.00 69494.00 BAM Thousand Mar 2016
GDP From Transport 217369.00 244692.00 BAM Thousand Mar 2016
GDP From Services 788360.00 972195.00 BAM Thousand Mar 2016
GDP From Public Administration 589843.00 593566.00 BAM Thousand Mar 2016
GDP From Mining 128493.00 147241.00 BAM Thousand Mar 2016

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.50 6.90 11.60 -7.90 2004 - 2021 percent Quarterly

News Stream
Bosnia and Herzegovina's Economic Expansion Continues
Bosnia and Herzegovina’s GDP advanced by 8.4 percent year-on-year in the third quarter of 2021, following a 11.6 percent rise in the previous quarter. It was the third consecutive quarter of expansion after a recession induced by the pandemic last year. The largest increases were recorded in accommodation and food service activities (30.5 percent); transportation and storage (22 percent ); and wholesale and retail trade, repair of motor vehicles and motorcycles (18 percent). On a seasonally adjusted quarterly basis, the economy grew 1.7 percent, slowing from 1.9 percent rise in the second quarter.
2021-12-31
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