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%.
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.
Bosnia and Herzegovina GDP from 1996 to 2024
The total market value of goods and services produced annually in Bosnia and Herzegovina.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
