As per International Monetary Fund (IMF) Bosnia Herzegovina’s nominal gross domestic product is expected to grow at a CAGR of 3.01% from it’s 2015 level of Euro 3032.82 billion and reach Euro 3732.77 billion by 2022.
Bosnia has a transitional economy with limited market reforms. The economy relies heavily on the export of metals, energy, textiles, and furniture as well as on remittances and foreign aid. A highly decentralized government hampers economic policy coordination and reform, while excessive bureaucracy and a segmented market discourage foreign investment.
Bosnia and Herzegovina had estimated population of 3.854 million in the year 2016 and expected to reach 3.797 million by 2022. Bosnia and Herzegovina’s unemployment rate was 25.4% of total labor force, which is further expected to decline at a CAGR of 2.32% till 2022.
Bosnia and Herzegovina’s real gross domestic product (GDP) was around BAM 27.671 billions in 2016 whereas the nominal GDP was BAM 29.345 billions. This resulted in GDP deflator 106.051. Per capita GDP was estimated at USD 4308.17 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 10957.54.
In 2016, Bosnia and Herzegovina government’s revenue was BAM 12.577 billions whereas the expenditure was BAM 12.568 billions. This resulted Bosnia and Herzegovina government’s net lending / borrowing at BAM 0.009 billion in 2016.
The current account balance for Bosnia and Herzegovina was estimated to be negative at USD 0.927 billions for the year 2016 and is expected to decline at a CAGR of 0.43% and reach USD 0.953 by 2022. This negative current account balance indicates the Bosnia and Herzegovina is a net borrower from the whole world.
Scope of the Bosnia Herzegovina PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Bosnia Herzegovina.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Bosnia Herzegovina.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Bosnia Herzegovina.
- These reports provide risk analysis for Bosnia Herzegovina.
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