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. source: Bosnia and Herzegovina Agency for Statistics (BHAS)

GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.46 percent from 2004 until 2021, reaching an all time high of 6.40 percent in the third quarter of 2011 and a record low of -9.30 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 July of 2021.

GDP Annual Growth Rate in Bosnia and Herzegovina is expected to be 7.00 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 3.00 in 12 months time. In the long-term, the Bosnia and Herzegovina GDP Annual Growth Rate is projected to trend around 2.50 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

Actual Previous Highest Lowest Dates Unit Frequency
1.50 -3.80 6.40 -9.30 2004 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-02 02:00 PM Q2 -9.3% 2.1% -4.1%
2021-01-07 12:30 PM Q3 -6.3% -9.3% -3.5%
2021-03-31 10:35 AM Q4 -3.8% -6.3% -2.7%
2021-07-02 10:30 AM Q1 1.5% -3.8% -2%
2021-10-01 02:00 PM Q2 1.5%
2021-12-28 11:30 AM Q3


News Stream
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's Economy Contracts at Record Pace on Covid-19 Blow
Bosnia and Herzegovina's GDP plunged 9.3% year-on-year in the second quarter of 2020, following an upwardly revised 2.1% growth in the previous period. It was the sharpest economic contraction since comparable data began in 2009, as the global pandemic took its toll on economic activity. The largest declines were recorded in accommodation and food service activities (-57.7%), transportation and storage (-23.9%) and arts, entertainment and recreation (-23.3%). On a seasonally adjusted quarterly basis, the economy shrunk at a record 10.5%, compared to an upwardly revised 0.6% growth in the first quarter.
2020-10-02

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.