External financing risks persist amid Covid-19 crisis

C2

MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP
USD51bn (World ranking 88, World Bank 2019)
Population
6.9mn (World ranking 106, World Bank 2019)
Form of state Parliamentary Republic
Head of government Ana BRNABIC (Prime Minister)
Next elections 2022, presidential
  • Adequate business environment
  • Comfortable level of foreign exchange reserves
  • Low labor cost plus generous state subsidies for foreign companies
  • Still high systemic political risks, notably the unresolved Kosovo conflict
  • Elevated public debt
  • High external financing needs and debt burden
  • Exchange rate vulnerability to shocks
  • Deficient infrastructure (roads, railways)
  • Elevated level of perceived corruption and bureaucracy

Trade structure by destination/origin

(% of total)

Exports Rank Imports
Italy 15%
1
13% Germany
Germany 13%
2
10% Italy
Bosnia and Herzegovina 8%
3
8% China
Romania 6%
4
8% Russian Federation
Russian Federation 5%
5
5% Hungary

Trade structure by product

(% of total)

Exports Rank Imports
Road vehicles 10%
1
9% Road vehicles
Electrical machinery 8%
2
6% Petroleum products
Vegetables and fruits 5%
3
5% Electrical machinery
Cereals 5%
4
3% Other industrial machinery
Power generating machinery 5%
5
3% Pharmaceutical products
Popular Risk Reports: Americas

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Popular Risk Reports: Middle East