Economy of Bosnia and Herzegovina
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The economy of Bosnia and Herzegovina is a transitional, upper middle income economy.[17] Bosnia and Herzegovina declared independence from socialist Yugoslavia on 1 March 1992. The main trading partners are Germany, Italy, Austria, Turkey and other neighboring Balkan countries.
Quick Facts Currency, Fiscal year ...
Currency | Bosnia and Herzegovina convertible mark (BAM) |
---|---|
Calendar year | |
Trade organisations | CEFTA, WTO (observer) |
Country group |
|
Statistics | |
Population | 3,219,415 (1 January 2021, est.)[3] |
GDP | |
GDP rank | |
GDP growth | |
GDP per capita | |
GDP per capita rank | |
GDP by sector |
|
−0.6% (2020 est.)[4] | |
Population below poverty line | 17.5% (2021)[6] |
Labour force | |
Unemployment | |
Average gross salary | 2,052 BAM / €1,048.59 / $1,139.89 (January 2024)[12] |
1,328 BAM / €678.622 / $737.71 (January 2024)[13] | |
Main industries | steel, coal, iron ore, lead, zinc, manganese, bauxite, vehicles, textiles, tobacco products, furniture, tanks, aircraft, domestic appliances, oil refining |
External | |
Exports | $8.9 billion (2022)[14] |
Export goods | electricity, car seats, iron structures, aluminum, furniture |
Main export partners |
(January, 2022)[15] |
Imports | $11.37 billion (2021)[14] |
Import goods | crude oil, automobiles, motor oil, coal, briquettes |
Main import partners | |
FDI stock | |
−$873 million (2017 est.)[17] | |
Gross external debt | $4.87 billion (30 June 2023)[18] |
Public finances | |
18.09% of GDP (30 June 2023)[19] | |
+2.1% (of GDP) (2017 est.)[17] | |
Revenues | 7.993 billion (2017 est.)[17] |
Expenses | 7.607 billion (2017 est.)[17] |
| |
$8.72 billion (September 30, 2023)[21] | |
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