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. source: Bosnia and Herzegovina Agency for Statistics (BHAS)
GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.89 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 January of 2022.
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.