Bosnia and Herzegovina GDP Annual Growth Rate

Last Release

Mar 31, 2024

Actual

2.7

Units In

1.7

Frequency

Quarterly

Next Release

Jun 30, 2025

Time to Release

2 Months 28 Days 12 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

Bosnia and Herzegovina's economy advanced by 2.5% year-on-year in the fourth quarter of 2024, following a 2.6% rise in the previous three-month period, preliminary estimates showed. This marked the fourth consecutive quarter of growth, supported by increases in all categories. Household final consumption expenditure grew by 1.9%, general government consumption expenditure increased by 2.0%, gross capital formation rose by 7.3%, exports of goods and services were up by 1.7%, and imports of goods and services saw a 3.5% increase. On a seasonally adjusted quarterly basis, the economy increased by 0.8% in Q4, matching the revised reading in Q3.