Bosnia And Herzegovina Economy: from the All Country Info reference guide to country facts

Bosnia And Herzegovina Economy

Bosnia And Herzegovina Economy: A summary of information about Bosnia And Herzegovina Economy, from government research data as well as independent research and other sources.

You are here:
All CountriesBosnia And Herzegovina > Bosnia And Herzegovina Economy

Bosnia And Herzegovina: Economy

Economy - overview
Bosnia and Herzegovina ranked next to The Former
Yugoslav Republic of Macedonia as the poorest republic in the old
Yugoslav federation. Although agriculture has been almost all in
private hands, farms have been small and inefficient, and the republic
traditionally has been a net importer of food. Industry has been
greatly overstaffed, one reflection of the socialist economic
structure of Yugoslavia. TITO had pushed the development of military
industries in the republic with the result that Bosnia hosted a large
share of Yugoslavia's defense plants. The bitter interethnic warfare
in Bosnia caused production to plummet by 80% from 1990 to 1995,
unemployment to soar, and human misery to multiply. With an uneasy
peace in place, output recovered in 1996-98 at high percentage rates
on a low base; but output growth slowed appreciably in 1999, and GDP
remains far below the 1990 level. Economic data are of limited use
because, although both entities issue figures, national-level
statistics are not available. Moreover, official data do not capture
the large share of activity that occurs on the black market. In 1999,
the convertible mark - the national currency introduced in 1998 -
gained wider acceptance, and the Central Bank of Bosnia and
Herzegovina dramatically increased its reserve holdings.
Implementation of privatization, however, faltered in both areas.
Banking reform is also lagging. The country receives substantial
amounts of reconstruction assistance and humanitarian aid from the
international community but will have to prepare for an era of
declining assistance.
GDP
purchasing power parity - $6.2 billion (1999 est.)
GDP - real growth rate
5% (1999 est.)
GDP - per capita
purchasing power parity - $1,770 (1999 est.)
GDP - composition by sector
agriculture: 19%
industry: 23%
services: 58% (1996 est.)
Population below poverty line
NA%
Household income or consumption by percentage share
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
5% (1997 est.)
Labor force
1.026 million
Labor force - by occupation
agriculture NA%, industry NA%, services
NA%
Unemployment rate
35%-40% (1999 est.)
Budget
revenues: $NA
expenditures: $1.6 billion, including capital expenditures of $NA
(2000 est.)
Industries
steel, coal, iron ore, lead, zinc, manganese, bauxite,
vehicle assembly, textiles, tobacco products, wooden furniture, tank
and aircraft assembly, domestic appliances, oil refining (much of
capacity damaged or shut down) (1995)
Industrial production growth rate
5%-10% (1999 est.)
Electricity - production
2.22 billion kWh (1998)
Electricity - production by source
fossil fuel: 32.43%
hydro: 67.57%
nuclear: 0%
other: 0% (1998)
Electricity - consumption
2.065 billion kWh (1998)
Electricity - exports
0 kWh (1998)
Electricity - imports
0 kWh (1998)
Agriculture - products
wheat, corn, fruits, vegetables; livestock
Exports
$450 million (1997 est.)
Exports - commodities
NA
Exports - partners
NA
Imports
$2.95 billion (1997 est.)
Imports - commodities
NA
Imports - partners
NA
Debt - external
$4.1 billion (1997 est.)
Economic aid - recipient
$1.2 billion (1997 pledged)
Currency
1 convertible marka (KM) = 100 convertible pfenniga
Exchange rates
convertible marks per US$1 - 1.9 (1999)
Fiscal year
calendar year
Locations:
Home
Afghanistan
Albania
Algeria
American Samoa
Andorra
Angola
Anguilla
Antarctica
Antigua & Barbuda
Arctic Ocean
Argentina
Armenia
Aruba
Ashmore & Cartier Islands
Atlantic Ocean
Australia
Austria
Azerbaijan
Bahrain
Baker Island
Bangladesh
Barbados
Bassas Da India
Belarus
Belgium
Belize
Benin
Bermuda
Bhutan
Bolivia
Bosnia & Herzegovina
Botswana
Bouvet Island
Brazil
British Indian Ocean Territory
British Virgin Islands
Brunei
Bulgaria
Burkina Faso
Burma
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Cayman Islands
Central African Republic
Chad
Chile
China
Christmas Island
Clipperton Island
Colombia
Comoros
Cook Islands
Coral Sea Islands
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Europa Island
Faroe Islands
Fiji
Finland
France
French Guiana
French Polynesia
Gabon
Gaza Strip
Georgia
Germany
Ghana
Gibraltar
Glorioso Islands
Greece
Greenland
Grenada
Guadeloupe
Guam
Guatemala
Guernsey
Guinea
Guyana
Haiti
Honduras
Hong Kong
Howland Island
Hungary
Iceland
India
Indian Ocean
Indonesia
Iran
Iraq
Ireland
Israel
Italy
Jamaica
Jan Mayen
Japan
Jarvis Island
Jersey
Johnston Atoll
Jordan
Juan De Nova Island
Kazakhstan
Kenya
Kingman Reef
Kiribati
Korea
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Macau
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Martinique
Mauritania
Mauritius
Mayotte
Mexico
Midway Islands
Moldova
Monaco
Mongolia
Montserrat
Morocco
Mozambique
Namibia
Nauru
Navassa Island
Netherlands
Netherlands Antilles
New Caledonia
New Zealand
Nicaragua
Niger
Nigeria
Niue
Norfolk Island
Northern Mariana Islands
Norway
Oman
Pacific Ocean
Pakistan
Palau
Palmyra Atoll
Panama
Papua New Guinea
Paracel Islands
Paraguay
Peru
Philippines
Pitcairn Islands
Poland
Portugal
Puerto Rico
Qatar
Reunion
Romania
Rwanda
Saint Helena
Saint Kitts & Nevis
Saint Lucia
Saint Pierre & Miquelon
Saint Vincent & The Grenadines
San Marino
Sao Tome & Principe
Saudi Arabia
Senegal
Serbia & Montenegro
Seychelles
Sierra Leone
Singapore
Slovakia
Solomon Islands
Somalia
South Africa
Southern Ocean
Spain
Spratly Islands
Sri Lanka
Sudan
Suriname
Svalbard
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Togo
Tokelau
Tonga
Trinidad & Tobago
Tromelin Island
Tunisia
Turkey
Turkmenistan
Turks & Caicos Islands
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
Virgin Islands
Wake Island
Wallis & Futuna
West Bank
Western Sahara
World
Yemen
Zambia
Zimbabwe