Economic Trivia

Foreign banks, primarily from Austria and Italy, control most of the banking sector in the country.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2017): Germany, Italy, and Serbia
Top 3 Exported Goods (2017): Furniture, Oil & Mineral Fuels, and Wood

Top Industries Source: CIA World Factbook

Steel; Coal; Iron Ore; Lead

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $47,691,700,462 (2018)
GDP Growth Rate (annual %) 3.066% (2018)
GDP Per Capita, PPP (current international) $14,348 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 111/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.169% (2017)
External debt stocks, total (DOD, current US$) $15,824,209,911 (2018)
Total tax rate (% of commercial profits) 23.7% (2018)
Real Interest Rate (5 year average %) 2.397% (2018)
Manufacturing, value added (% of GDP) 12.832% (2018)
Current Account Balance (BoP, current US$) ($828,761,840) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,326,208 (2018)
Employment in Agriculture (% of total employment) 16.503% (2018)
Employment in Industry (% of total employment) 29.797% (2018)
Employment in Services (% of total employment) 53.7% (2018)
Unemployment Rate 20.839% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $11,246,468,920 (2018)
Exports of goods and services (current US$) $8,183,134,581 (2018)
Total Merchandise Trade (% of GDP) 98.576% (2018)
FDI, net inflows (BoP, current US$) $485,496,699 (2018)
Commercial Service Exports (current US$) $2,078,248,041 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Bosnia and Herzegovina’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank