Bosnia and Herzegovina GDP Trends from 1996 to 2024: A overall increase with some decline Flow

Bosnia and Herzegovina's GDP changed from approximately $3B 584M in 1996 to $29B 78M in 2024, showing an overall 711.3% sharply increased during the period.
The lowest GDP was recorded in 1996 at $3B 584M, and the highest in 2024 at $29B 78M.
Over the 28-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.8%.
For comparison, the average annual growth rate of Croatia was 17.1%, and that of Serbia was 9.3%.

Bosnia and Herzegovina GDP from 1996 to 2024

The total market value of goods and services produced annually in Bosnia and Herzegovina.

Change Chart

    Overview of Bosnia and Herzegovina's GDP (1996–2024)

    The Gross Domestic Product (GDP) of Bosnia and Herzegovina recorded a 711.3% sharply increased from 1996 to 2024.
    The average GDP during this period was $15B 108M, and the median was $17B 164M.
    GDP fluctuated within a range of $25B 494M, with a standard deviation of $7B 157M.
    The average annual change was $806M 522K.


    Highest and Lowest GDP Records

    • Lowest GDP: 1996, $3B 584M
    • Highest GDP: 2024, $29B 78M
    • Most Recent GDP: 2024, $29B 78M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Bosnia and Herzegovina's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $20B 483M → $20B 226M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $15B 323M → $17B 601M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $5B 554M → $5B 784M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $4B 578M → $5B 281M
    • Outcome: sharply increased

    Key Economic Indicators of Bosnia and Herzegovina (1996–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1996
    $ 3B 584M
    $ 952.33
    $ 3,028.21
    $ 11B 395M
    0 %
    0 %
    0 %
    0 %
    3M 763K people
    1997
    $ 4B 578M
    $ 1,225.46
    $ 3,811.74
    $ 14B 241M
    22.853 %
    0 %
    0 %
    0 %
    3M 736K people
    1998
    $ 5B 281M
    $ 1,415.10
    $ 4,391.74
    $ 16B 390M
    13.814 %
    -6.535 %
    27.14 %
    -0.155 %
    3M 732K people
    1999
    $ 5B 766M
    $ 1,540.51
    $ 4,918.16
    $ 18B 409M
    10.75 %
    -8.694 %
    18.59 %
    -1.863 %
    3M 743K people
    2000
    $ 5B 554M
    $ 1,480.62
    $ 5,241.76
    $ 19B 662M
    4.442 %
    -7.125 %
    20.34 %
    -3.513 %
    3M 751K people
    2001
    $ 5B 784M
    $ 1,540.27
    $ 5,480.55
    $ 20B 579M
    2.362 %
    -12.844 %
    13.12 %
    -2.437 %
    3M 755K people
    2002
    $ 6B 711M
    $ 1,785.29
    $ 5,840.75
    $ 21B 955M
    5.053 %
    -17.742 %
    10.34 %
    -1.958 %
    3M 759K people
    2003
    $ 8B 477M
    $ 2,254.45
    $ 6,184.23
    $ 23B 253M
    3.858 %
    -19.241 %
    9.18 %
    0.27 %
    3M 760K people
    2004
    $ 10B 157M
    $ 2,699.05
    $ 6,742.49
    $ 25B 372M
    6.257 %
    -16.141 %
    10.48 %
    0.401 %
    3M 763K people
    2005
    $ 10B 935M
    $ 2,903.60
    $ 7,242.69
    $ 27B 276M
    4.236 %
    -16.867 %
    9.46 %
    1.337 %
    3M 766K people
    2006
    $ 12B 460M
    $ 3,306.78
    $ 7,886.77
    $ 29B 717M
    5.691 %
    -8.01 %
    12.51 %
    2.834 %
    3M 768K people
    2007
    $ 15B 323M
    $ 4,073.01
    $ 8,598.47
    $ 32B 347M
    5.979 %
    -9.464 %
    15.22 %
    0.795 %
    3M 762K people
    2008
    $ 18B 712M
    $ 4,984.54
    $ 9,274.07
    $ 34B 815M
    5.594 %
    -14.126 %
    12.27 %
    -3.408 %
    3M 754K people
    2009
    $ 17B 601M
    $ 4,711.12
    $ 9,299.73
    $ 34B 744M
    -0.816 %
    -6.428 %
    12.46 %
    -4.833 %
    3M 736K people
    2010
    $ 17B 164M
    $ 4,633.86
    $ 9,566.91
    $ 35B 436M
    0.767 %
    -6.005 %
    9.91 %
    -3.469 %
    3M 704K people
    2011
    $ 18B 629M
    $ 5,089.85
    $ 9,971.44
    $ 36B 495M
    0.908 %
    -9.487 %
    8.82 %
    -2.101 %
    3M 660K people
    2012
    $ 17B 207M
    $ 4,773.16
    $ 10,292.31
    $ 37B 104M
    -0.707 %
    -8.636 %
    9.65 %
    -1.947 %
    3M 605K people
    2013
    $ 18B 155M
    $ 5,141.57
    $ 11,038.04
    $ 38B 975M
    2.351 %
    -5.333 %
    11.89 %
    -0.551 %
    3M 531K people
    2014
    $ 18B 522M
    $ 5,252.94
    $ 11,268.42
    $ 39B 732M
    1.148 %
    -7.365 %
    11.08 %
    -2.104 %
    3M 526K people
    2015
    $ 16B 404M
    $ 4,662.98
    $ 11,850.47
    $ 41B 690M
    4.314 %
    -5.035 %
    15.64 %
    0.605 %
    3M 518K people