Bosnia and Herzegovina GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Bosnia and Herzegovina expanded 1.70 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Bosnia and Herzegovina is reported by the Federal Office of Statistics, Federation of Bosnia and Herzegovina. GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.07 Percent from 2004 until 2013, 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. 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. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.70 1.70 6.30 -3.30 1.02 | 2013/12 2004 - 2013 Percent Quarterly

TO

Bosnia and Herzegovina GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 17.04 2012-12-31 18.24 18.54 1.26 16.56 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 1.70 2013-09-30 1.70 6.30 -3.30 1.02 2013-12-31 Percent [+]
GDP per capita 3359.16 2012-12-31 3378.07 3391.47 572.85 3357.89 2013-12-31 USD [+]
GDP per capita PPP 7356.15 2012-12-31 7397.58 7426.91 1254.47 7353.36 2013-12-31 USD [+]
GDP Constant Prices 4952597.19 2012-11-15 4926937.40 5131408.97 4305905.58 4932182.24 2013-03-31 BAM THO [+]
Gdp Growth Rate 9.10 2013-09-30 13.30 15.10 -13.40 2.19 2013-12-31 Percent [+]
Gross Fixed Capital Formation 4873401.00 2012-06-29 4614245.00 6445271.00 4044439.00 4879141.81 2012-12-31 BAM THO [+]
[+]


GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Bosnia and Herzegovina Inflation Rate at -1.50 Percent  
The inflation rate in Bosnia and Herzegovina was recorded at -1.50 percent in March of 2014. Inflation Rate in Bosnia and Herzegovina is reported by the Federal Office of Statistics, Federation of Bosnia and Herzegovina.
Bosnia And Herzegovina Unemployed Persons at 557474.00  
The number of unemployed persons in Bosnia And Herzegovina increased to 557474 in January of 2014 from 553762 in December of 2013. Unemployed Persons in Bosnia And Herzegovina is reported by the Federal Office of Statistics, Federation of Bosnia and Herzegovina.
Bosnia And Herzegovina Average Monthly Wages at 1308.00 BAM  
Wages in Bosnia And Herzegovina decreased to 1308 BAM in January of 2014 from 1309 BAM in December of 2013. Wages in Bosnia And Herzegovina is reported by the Federal Office of Statistics, Federation of Bosnia and Herzegovina.
Bosnia And Herzegovina Average Monthly Wages in Manufacturing at 910.00 BAM  
Wages in Manufacturing in Bosnia And Herzegovina increased to 910 BAM in January of 2014 from 905 BAM in December of 2013. Wages in Manufacturing in Bosnia And Herzegovina is reported by the Federal Office of Statistics, Federation of Bosnia and Herzegovina.
Bosnia and Herzegovina Current Account at -425.14 BAM Million  
Bosnia and Herzegovina recorded a Current Account deficit of 425.14 BAM Million in the fourth quarter of 2013. Current Account in Bosnia and Herzegovina is reported by the Central Bank of Bosnia and Herzegovina.
Bosnia and Herzegovina Unemployment Rate at 44.61 Percent  
Unemployment Rate in Bosnia and Herzegovina increased to 44.61 percent in January of 2014 from 44.55 percent in December of 2013. Unemployment Rate in Bosnia and Herzegovina is reported by the Federal Office of Statistics, Federation of Bosnia and Herzegovina.
Bosnia And Herzegovina Capital Flows at -54.67 BAM Million  
Capital Flows in Bosnia And Herzegovina decreased to -54.67 BAM Million in the fourth quarter of 2013 from 85.77 BAM Million in the third quarter of 2013. Capital Flows in Bosnia And Herzegovina is reported by the Central Bank of Bosnia and Herzegovina.
Bosnia And Herzegovina Consumer Price Index (CPI) at 104.97 Index Points  
Consumer Price Index (CPI) in Bosnia And Herzegovina decreased to 104.97 Index Points in December of 2013 from 105.24 Index Points in November of 2013. Consumer Price Index (CPI) in Bosnia And Herzegovina is reported by the Federal Office of Statistics, Federation of Bosnia and Herzegovina.
Bosnia And Herzegovina Consumer Spending at 21751650.00 BAM THO  
Consumer Spending in Bosnia And Herzegovina increased to 21751650 BAM THO in 2012 from 21283043 BAM THO in 2011. Consumer Spending in Bosnia And Herzegovina is reported by the Federal Office of Statistics, Federation of Bosnia and Herzegovina.
Bosnia And Herzegovina GDP Constant Prices at 4952597.19 BAM THO  
GDP Constant Prices in Bosnia And Herzegovina increased to 4952597.19 BAM THO in the fourth quarter of 2012 from 4926937.40 BAM THO in the third quarter of 2012. GDP Constant Prices in Bosnia And Herzegovina is reported by the Federal Office of Statistics, Federation of Bosnia and Herzegovina.
MORE RELATED NEWS

LATEST NEWS

US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ a seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News