Bosnia and Herzegovina GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Bosnia and Herzegovina expanded 2.70 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.20 Percent from 2004 until 2014, reaching an all time high of 6.30 Percent in the fourth quarter of 2004 and a record low of -3.30 Percent in the third quarter of 2009. GDP Annual Growth Rate in Bosnia and Herzegovina is reported by the Federal Office of Statistics, Federation of Bosnia and Herzegovina.
||2004 - 2014
After the war, Bosnia and Herzegovina has suffered social and economic turmoil. The country is heavily dependent on the export of metals, remittances, foreign aid and still suffers from high unemployment. Manufacturing and mining are important sectors of the economy and make-up the bulk of exports. Tourism is currently growing and is expected to become vital. The state’s influence on the economy still weighs heavily, as not many reforms have taken place. Bosnia and Herzegovina is attempting to attract foreign investors with a low corporate tax rate, but corruption and stiffening bureaucracy are still prevalent. The convertible mark (KM) is Bosnia and Herzegovina’s currency and is currently pegged to the Euro to improve macroeconomic stability. This page provides - Bosnia and Herzegovina GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.