Bosnia Economic Outlook
June 7, 2022The economy likely lost some steam in the first quarter of this year amid a deteriorating international backdrop at the tail-end of Q1. The pace of output growth in the industrial sector nearly halved in the period. Inflationary pressures built up and reached double-digit territory by March. This will have weighed on household consumption, outweighing the support to spending provided by a drop in the unemployment rate in the period. In addition, merchandise exports growth moderated. Moving to the current quarter, merchandise export growth picked up pace in April, while imports increased at a softer rate. This bodes well for the external sector’s performance. However, greater consumer price pressures bode poorly for household spending; inflation rose to an all-time high in April.
Bosnia and Herzegovina Economic GrowthEconomic growth is set to cool notably this year, in part due to a tougher base of comparison. Moreover, the fallout from the war in Ukraine complicates matters: The war has sent energy and food prices spiraling, eroding purchasing power. Moreover, lingering political tensions in the buildup to and aftermath of October’s general election cloud the outlook further. FocusEconomics panelists project GDP to expand 2.6% in 2022, which is down 0.1 percentage points from last month’s forecast, and 2.7% in 2023.
Bosnia and Herzegovina Economy Data
5 years of Bosnia and Herzegovina economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
Bosnia and Herzegovina Facts
|Exchange Rate||1.74||-0.65 %||Dec 31|
|Stock Market||0.5||0.0 %||Jan 07|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.