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