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 (2019): Germany, Italy, and Serbia
Top 3 Exported Goods (2019): Furniture, Oil & Mineral Fuels, and Industrial Machinery

Top Industries Source: CIA World Factbook

Steel; Coal; Iron Ore; Lead

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $51,219,399,094 (2020)
GDP Growth Rate (annual %) -4.327% (2020)
GDP Per Capita, PPP (current international) $15,612 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 111/197 (2020)

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 %) -1.051% (2020)
External debt stocks, total (DOD, current US$) $16,596,054,818 (2019)
Total tax rate (% of commercial profits) 23.7% (2019)
Real Interest Rate (5 year average %) 2.44% (2020)
Manufacturing, value added (% of GDP) 12.5% (2020)
Current Account Balance (BoP, current US$) ($634,562,584) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,297,577 (2020)
Employment in Agriculture (% of total employment) 15.088% (2020)
Employment in Industry (% of total employment) 32.313% (2020)
Employment in Services (% of total employment) 52.599% (2020)
Unemployment Rate 16.85% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $9,684,068,725 (2020)
Exports of goods and services (current US$) $6,790,602,213 (2020)
Total Merchandise Trade (% of GDP) 80.982% (2020)
FDI, net inflows (BoP, current US$) $390,210,691 (2019)
Commercial Service Exports (current US$) $1,306,492,285 (2020)
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


  1. The World Bank