Economic Growth 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. Economic Growth Chart
Bosnia-Herz. Economic Growth Data
|Economic Growth (Nominal GDP, ann. var. %)||5.0||5.6||4.6||-3.0||12.3|