Fiscal Balance in Bosnia-Herz.
Year-on-year GDP growth slowed to 1.7% in the fourth quarter, down from 2.6% in Q3. The deceleration was driven by expansions in the construction and service sectors, while manufacturing and agriculture contracted. Looking at Q1 2023, high-frequency indicators suggest a further deceleration. Industrial production contracted at a sharper pace in the quarter relative to Q4, while growth in both merchandise exports and retail sales slowed. More positively, the number of overnight tourist stays increased by 15.4% in January–February from the year-earlier period. In other news, the Federation of Bosnia and Herzegovina formed a new government on April 28, after several months of political gridlock. This is expected to bring more stability, but significant near-term economic benefits are not anticipated.
Bosnia-Herz. Fiscal Balance Chart
This chart displays Fiscal Balance (% of GDP) for Bosnia-Herz. from 2013 to 2022.
Bosnia-Herz. Fiscal Balance Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | 1.8 | 1.6 | 1.4 | -4.6 | 0.7 |