Bosnia and Herzegovina’s GDP advanced by 5.5 percent year-on-year in the first quarter of 2022, slowing from a 7.5 percent rise in the previous quarter. Still, it was the fifth consecutive quarter of expansion since March 2021. Output slowed for manufacturing (7.1 percent vs 8.8 percent); wholesale and retail trade, transportation and storage, and accommodation and food services (13.8 percent vs 18.1 percent); while growth stalled for professional, scientific and technical activities and administrative and support service activities (0 percent vs 1.3 percent). On a seasonally adjusted quarterly basis, the economy grew 1.5 percent, slowing from a 1.7percent rise in the fourth quarter of 2021. source: Bosnia and Herzegovina Agency for Statistics (BHAS)
GDP Annual Growth Rate in Bosnia and Herzegovina averaged 2.03 percent from 2004 until 2022, 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 September of 2022.
GDP Annual Growth Rate in Bosnia and Herzegovina is expected to be 2.80 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.