GFmag Online Readers Survey 2012
Bosnia and Herzegovina


Bosnia and Herzegovina Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Bosnia and Herzegovina; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankCentral Bank of Bosnia and Herzegovina
International ReservesUS$ 4.383 billion (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 18.294 billion (2009 estimate)
GDP (Purchasing Power Parity)31.366 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
5.2%3.6%5%3.5%6.3%4%6.1%6.1%
2008200920102011*
5.7%-3.1%0.8%2.2%

*Estimate

GDP per capita - current pricesUS$ 4,703 (1991 estimate)
GDP per capita - PPP$8,063 International Dollars (1991 estimate)
GDP (PPP) - share of world total
19801990200020102015**
N/AN/A0.04%0.04%0.04%

**Forecast

GDP - composition by sector
  • agriculture: 10.1% 
  • industry: 25.8% 
  • services: 64.1% (2011 estimate)

    • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
7.4%(2008)-0.4%2.1%5%

*Estimate

Unemployment rate
2008200920102011*
23.4%24.1%27.2%(2009)23%

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
32.9%30.8%35.4%36.9%41.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-0.3%-3.9%-5.8%-5%-3%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B+/Stable/B

Moody's rating: B2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in Bosnia and HerzegovinaN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -1.1 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-6% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

32.3% (2009)

(Data released on December 2010)

Shares in world total merchandising export0.03%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.03%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$4.804 billion f.o.b. (2010 estimate)
Export commoditiesmetals, clothing, wood products
Total importsUS$11.94 billion f.o.b. (2008 estimate)
Import commoditiesmachinery and equipment, chemicals, fuels, foodstuffs
Exports - major partnersCroatia 21%, Slovenia 16.5%, Italy 16.1%, Germany 13.3%, Austria 9.6%, Hungary 5.7% (2007)
Imports - major partnersCroatia 24.7%, Slovenia 13.3%, Germany 13.1%, Italy 10.4%, Austria 7%, Turkey 6.5%, Hungary 5.4% (2007)
FDI inflows
200820092010
US$932 millionUS$246 million(2009)US$63 million(2009)
FDI outflows
200820092010
US$13 millionUS$-9 millionUS$47 million
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 110 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 160 out of 183 countries(2009)

Registering property: 103 out of 183 countries

Paying Taxes: 127 out of 183 countries

Getting credit: 65 out of 183 countries

Protecting investors: 93 out of 183 countries

Trading across border: 71 out of 183 countries

Enforcing Contracts: 124 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		100

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 104 Score: 57.5 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+1
Total area 51,197 km2 (2006)
CapitalSarajevo (2009)
Currencykonvertibilna markas (BAM) (2009)
Government typeemerging federal democratic republic (2009)
LanguagesBosnian, Croatian, Serbian
ReligionsMuslim 40%, Orthodox 31%, Roman Catholic 15%, other 14%
Total population
1980199020002010*2015**
N/AN/A3.78 million3.9 million3.86 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
19%35.5%43.2%48%
Population median age38.0 years (2006)
Population growth rate-0.2% (2009)
Life expectancy75 years (2007)
Adult literacy97% (2000/2007)
% of population living on less than $2 a day<2% (2011)
Inequality of wealth distribution (Gini index)

36.2 (2007)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

106.71% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population52% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Sarajevo: 192nd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

8.2892 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Intesa Sanpaolo banka (National, 2012)
2011:
  • COUNTRY WINNERS Raiffeisen Bank DD Bosna/Hercegovina (National, 2011)
2010:
  • COUNTRY WINNERS Raiffeisen Bank DD Bosna/Hercegovina (National, 2010)
2009:
  • COUNTRY WINNERS Raiffeisen Bank Bosna i Hercegovina (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE