Bosnia Economic Outlook
July 3, 2018The economy appears to have been on solid footing in Q2. The domestic economy is benefiting from a recovering labor market as, despite remaining above 30%, unemployment fell to a historic low in April and real disposable income increased. Furthermore, the external sector is performing well against the backdrop of strong tourism inflows, which grew at a double-digit pace in the January–April period. Increased tourist arrivals, particularly from Croatia and Serbia, are helping to establish the country as a popular tourist destination. In addition, merchandise exports gained traction in the January–May period, propped up by growing demand from the EU and Central European Free Trade Agreement countries.
Bosnia and Herzegovina Economic GrowthThe economic outlook for 2018 and 2019 is favorable. Private consumption is expected to be the main driver of the economy, while public infrastructure spending and foreign direct investment inflows should also buoy growth. Our panel sees GDP expanding 3.1% in 2018, unchanged from last month’s forecast. In 2019, FocusEconomics panelists expect GDP to rise 3.2%.
Bosnia and Herzegovina Economy Data
5 years of Bosnia and Herzegovina economic forecasts for more than 30 economic indicators.
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Bosnia and Herzegovina Facts
|Exchange Rate||1.67||-0.65 %||Jul 11|
|Stock Market||0.1||0.0 %||Jul 11|
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