Bosnia and Herzegovina GDP Annual Growth Rate

Last Release

Mar 31, 2024

Actual

2.7

Units In

1.7

Frequency

Quarterly

Next Release

Mar 28, 2025

Time to Release

2 Months 25 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
11.6 Jun 2021	-8 Jun 2020	2.1 %	2004-2024	Bosnia and Herzegovina Agency for Statistics (BHAS)

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.

Latest Updates

The GDP in Bosnia and Herzegovina grew 2.6% year-on-year in the third quarter of 2024, up from a 2.3% rise in the previous three-month period, preliminary estimates showed. Production increased mainly for construction (7.2%), wholesale and retail trade, transportation and accommodation and food services (7.2%), information and communication (7.8%), and professional, scientific and technical activities and administrative and support service activities (4.9%). On a seasonally adjusted quarterly basis, the economy expanded 1.4%, following a 1% growth in the prior quarter.