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 (2021): Germany, Serbia, and Italy
Top 3 Exported Goods (2021): Furniture, Oil & Mineral Fuels, and Electrical Machinery

Top Industries Source: CIA World Factbook

Steel; Coal; Iron Ore; Lead

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $65,889,210,709 (2022)
GDP Growth Rate (annual %) 3.897% (2022)
GDP Per Capita, PPP (current international) $20,377 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 111/197 (2022)

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 %) 14.021% (2022)
External debt stocks, total (DOD, current US$) $12,986,165,818 (2021)
Total tax rate (% of commercial profits) 23.7% (2019)
Real Interest Rate (5 year average %) -7.912% (2022)
Manufacturing, value added (% of GDP) 14.898% (2022)
Current Account Balance (BoP, current US$) ($1,101,189,232) (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,366,232 (2022)
Employment in Agriculture (% of total employment) 11.32% (2021)
Employment in Industry (% of total employment) 34.302% (2021)
Employment in Services (% of total employment) 54.378% (2021)
Unemployment Rate 14.053% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $14,935,645,409 (2022)
Exports of goods and services (current US$) $11,343,137,994 (2022)
Total Merchandise Trade (% of GDP) 102.134% (2022)
FDI, net inflows (BoP, current US$) $645,101,054 (2022)
Commercial Service Exports (current US$) $2,833,149,151 (2022)
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