BOSNIA AND HERZEGOVINA

Economic revival, but the road ahead is fraught with challenges

D4

HIGH RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD18.2bn (World ranking 113, World Bank 2017)
Population 3.52mn (World ranking 132, World Bank 2017)
Form of state Emerging Federal Democratic Republic
Head of government Denis ZVIZDIC (Chairman of the Council of Ministers)
Next elections 2022, presidential and legislative
  • A currency board has helped to provide a stable exchange rate and fairly low inflation
  • Foreign exchange reserves currently cover more than seven months of imports
  • Persisting ethnic-nationalistic pressures. Highly ethnically fragmented government hinders efficient policymaking
  • Widespread poverty and high unemployment
  • Small manufacturing base concentrated on low-value-added products
  • Continued large current account deficits
  • High external debt burden
  • High vulnerability to external shocks, including natural disaster

Trade structure by destination/origin

(% of total)

Exports Rank Imports
Germany 13%
1
14% Serbia
Italy 13%
2
13% Croatia
Slovenia 13%
3
12% Germany
Croatia 11%
4
10% Italy
Austria 9%
5
9% Slovenia

Trade structure by product

(% of total)

Exports Rank Imports
Furniture and parts thereof 10%
1
7% Road vehicles
Footwear 8%
2
7% Petroleum, petroleum products and related materials
Manufactures of metal, n.e.s. 6%
3
4% Textile yarn and related products
Articles of apparel & clothing accessories 6%
4
4% Manufactures of metal, n.e.s.
Cork and wood 5%
5
4% Electrical machinery, apparatus and appliances, n.e.s.

Euler Hermes

Economic Research Team

research@eulerhermes.com

Manfred Stamer

Senior Economist for Emerging Europe and the Middle East

manfred.stamer@eulerhermes.com 

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