Bosnia Economic Outlook
February 11, 2020Economic growth was stable at 2.6% year-on-year in the third quarter of 2019; however, the details underlying the result portray weakening momentum. Domestic demand softened in Q3, with consumer and government spending, as well as total investment, slowing notably. The external sector buttressed growth, although this was due to a sharper contraction in imports of goods and services than in exports of goods and services. Turning to the fourth quarter, the narrative appears largely similar. The downturn in merchandise exports persisted through Q4, dampened by falling demand in the EU and Kosovan tariffs on Bosnian goods. Meanwhile, industrial production declined at a sharper rate in Q4 compared to Q3, on a sharp drop in energy generation and the seventh consecutive fall in manufacturing output.
Bosnia and Herzegovina Economic GrowthThe economy is expected to advance at a steady pace this year. Domestic demand should gather pace on stronger household consumption and a pick-up in public spending following the government formation. That said, the slowdown in the EU and regional trade protectionism will likely weigh on exports. Stalled reform efforts represent an additional downside risk. Our panel sees growth of 2.7% in 2020, which is unchanged from last month’s forecast, and 3.0% in 2021.
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.