Bosnia and Herzegovina
Description of Bosnia and Herzegovina
Bosnia and Herzegovina, located in the heart of the Western Balkans, holds a unique position at the crossroads of Eastern and Western Europe. Known for its rich cultural tapestry and stunning natural beauty, this country has weathered a complex history marked by ethnic diversity and political challenges. As Bosnia and Herzegovina continues to navigate its path towards economic development and stability, it faces a series of intricate geopolitical dynamics that shape its place in the region and the world. Exploring the macroeconomic landscape of Bosnia and Herzegovina unveils a story of resilience, transformation, and aspirations for a prosperous future.
Population And Age Structure
1. Population, total: Bosnia and Herzegovina has a population of 3,318,407, which is significantly below the average population of 40,097,746. Bosnia and Herzegovina is ranked 132 out of 194 countries in terms of total population.
2. Population ages 0-14 (% of total population): With 14.92% of the population under 14 years old, Bosnia and Herzegovina is below the average of 27.34%. The country is ranked 176 out of 194 countries based on this demographic.
3. Population ages 0-14, total: The total population aged 0-14 in Bosnia and Herzegovina is 495,240, considerably lower than the average of 10,327,379. The country ranks 142 out of 194 in this category.
4. Population ages 15-64 (% of total population): Bosnia and Herzegovina's population aged 15-64 accounts for 67.33% of the total population, higher than the average of 63.44%. This places the country at rank 49 out of 194.
5. Population ages 15-64, total: The total population aged 15-64 in Bosnia and Herzegovina is 2,234,386, below the average of 26,003,407. The country holds a rank of 131 among 194 countries.
6. Population ages 65 and above (% of total population): With 17.74% of the population aged 65 and above, Bosnia and Herzegovina surpasses the average of 9.22%. The country is ranked 32 out of 194 based on this demographic.
7. Population ages 65 and above, total: Bosnia and Herzegovina has a total population of 588,780 aged 65 and above, lower than the average of 3,766,959. The country holds the 91st position out of 194 countries in this category.
Summary
Bosnia and Herzegovina has a relatively small total population compared to the global average, with a larger percentage of individuals aged 65 and above. This demographic distribution signifies potential challenges in terms of workforce dynamics, healthcare requirements, and pension systems. Understanding these population dynamics is crucial for policymakers to tailor strategies for social welfare, healthcare provision, and economic development to support the country's aging population while ensuring sustainable growth.
Population Miscellaneous
When it comes to Rural Population in Bosnia and Herzegovina, the country's value of 1,691,724 is significantly below the attribute average of 18,044,041. This places Bosnia and Herzegovina at a rank of 110 out of 190 countries in the dataset.
For Rural Population (% of Total Population), Bosnia and Herzegovina's value of 50.98% is above the average of 41.16%. This places the country at rank 65 out of 190.
Looking at Urban Population, Bosnia and Herzegovina's value of 1,626,683 is notably lower than the average of 22,425,747. This puts the country at rank 137 out of 194.
For Urban Population (% of Total Population), Bosnia and Herzegovina's value of 49.02% is below the average of 59.69%. The country ranks 130 out of 194 in this aspect.
Regarding Age Dependency Ratio (% of Working-Age Population), Bosnia and Herzegovina's value of 48.52% is below the average of 59.22%. The country is ranked 146 out of 194.
Examining the Birth Rate, Crude (per 1,000 people), Bosnia and Herzegovina's rate of 8.611 is lower than the average of 19.38. This places the country at the 178th rank out of 192.
For the Death Rate, Crude (per 1,000 people), Bosnia and Herzegovina's rate of 14.094 is higher than the average of 8.21. The country ranks 12 out of 192.
Finally, in terms of Fertility Rate, Total (Births per Woman), Bosnia and Herzegovina's rate of 1.359 is below the average of 2.60. The country is ranked 176 out of 190 in this metric.
Summary
Overall, Bosnia and Herzegovina demonstrates a rural population significantly below the global average, with a relatively high proportion of its total population residing in rural areas. Conversely, its urban population falls notably below the worldwide average, indicating a more rural-centric demographic distribution. The country also exhibits lower than average birth rates and fertility rates, alongside higher crude death rates, suggesting potential demographic challenges such as an aging population and declining workforce in the future. These indicators are crucial for policymakers and analysts to understand the country's demographic landscape, plan for future infrastructure and social welfare needs, and strategize for sustainable economic development.
Military
For Military expenditure (current USD), Bosnia and Herzegovina's expenditure of 167,521,865.89 USD is significantly below the average of 12,904,993,617.17 USD, ranking 114 out of 149 countries in the data set.
Regarding Military expenditure (% of GDP), Bosnia and Herzegovina's expenditure of 0.84% is below the average of 1.90%, placing it at rank 123 out of 148 countries.
Concerning Armed forces personnel, Bosnia and Herzegovina's total of 11,000 personnel is notably lower than the average of 165,908.54, giving it a rank of 127 out of 164 countries.
Lastly, for Armed forces personnel (% of total labor force), Bosnia and Herzegovina's percentage of 0.83% is under the average of 1.28%, positioning it at rank 84 out of 164 countries.
Summary
Bosnia and Herzegovina's military expenditure, both in absolute terms and as a percentage of GDP, is significantly below the global average, with a lower number of armed forces personnel compared to the average. These statistics suggest that Bosnia and Herzegovina allocates a relatively smaller portion of its resources towards defense spending and has a less extensive military force compared to many other countries. This could impact its defense capabilities, ability to respond to security threats, and overall military readiness in relation to other nations.
Natural Resources
For Forest area (sq. km), Bosnia and Herzegovina has a value of 21879.1, which is below the average of 211606.11 sq. km. The country ranks 103 out of 191 countries in the dataset.
Regarding Land area (sq. km), Bosnia and Herzegovina's value of 51200 is significantly lower than the average of 665166.51 sq. km. The country holds the 125th position out of 194 countries.
In terms of Surface area (sq. km), Bosnia and Herzegovina's value of 51210 falls below the average of 689779.56 sq. km. The country is ranked 126th out of 194 countries.
For Arable land (hectares), Bosnia and Herzegovina possesses 1015000 hectares, well below the average of 7329543.16 hectares. The country is ranked 107th out of 190 countries in the dataset.
Concerning Land under cereal production (hectares), Bosnia and Herzegovina has 321317 hectares, significantly lower than the average of 4206011.63 hectares. The country stands at the 111th position out of 174 countries.
The Average precipitation in depth (mm per year) in Bosnia and Herzegovina is 1028, slightly lower than the average of 1157.83 mm per year. The country ranks 90th out of 178 countries included in the dataset.
Bosnia and Herzegovina's Renewable internal freshwater resources total 35.5 billion cubic meters, way below the average of 240.41 billion cubic meters. The country holds the 89th position out of 178 countries in the data.
Summary
Bosnia and Herzegovina exhibits below-average values in key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, average precipitation, and renewable internal freshwater resources. These metrics indicate potential challenges in agricultural productivity, environmental sustainability, and freshwater availability for the country, which are vital factors for economic development and resource management.
Resource Rents
- Total natural resources rents (% of GDP): Bosnia and Herzegovina's value of 0.78% is significantly below
the average of 4.63%. With a rank of 107 out of 175 countries, it is evidently not a primary contributor
to GDP from natural resources.
- Coal rents (% of GDP): Bosnia and Herzegovina's value of 0.18% is also below the average of 0.40%.
Ranking 16 out of 65 countries, it demonstrates a moderate but not dominant reliance on coal resources.
- Forest rents (% of GDP): Bosnia and Herzegovina's value of 0.57% is below the average of 1.53%. Placed
69 out of 174 countries, it shows a lesser emphasis on forest-related economic activities.
- Mineral rents (% of GDP): Bosnia and Herzegovina's value of 0.03% is notably lower than the average of
1.23%. With a rank of 68 out of 86 countries, it indicates a relatively minor contribution from mineral
resources.
Summary
Bosnia and Herzegovina has below-average values for total natural resources rents, coal rents, forest rents, and mineral rents as a percentage of GDP. This suggests that the country does not heavily rely on natural resources as a primary contributor to its economy. While this may indicate a diversified economy less vulnerable to fluctuations in resource prices, it also highlights potential missed opportunities for economic growth and development through the sustainable exploitation of natural resources.
Commodities
1. Cereal production (metric tons): Bosnia and Herzegovina's cereal production of 1,944,178 metric tons is significantly lower than the average of 17,249,945.93 metric tons, ranking 91st out of 174 countries in the dataset.
2. Aquaculture production (metric tons): With a production of 3,775.8 metric tons, Bosnia and Herzegovina falls well below the average of 679,642.92 metric tons, placing it at 99th out of 180 countries.
3. Capture fisheries production (metric tons): The country's production of 305 metric tons is much lower than the average of 467,453.06 metric tons, ranking at 181st out of 190 countries.
4. Total fisheries production (metric tons): Bosnia and Herzegovina's total fisheries production of 4,080.8 metric tons is significantly below the average of 1,153,914.85 metric tons, positioning it at 158th out of 182 countries.
5. Fertilizer consumption (kilograms per hectare of arable land): The fertilizer consumption in Bosnia and Herzegovina, at 82.46 kilograms per hectare, is below the average of 159.04 kilograms per hectare, placing it at 102nd out of 187 countries in the dataset.
Summary
Bosnia and Herzegovina exhibits below-average performance in key macroeconomic indicators related to agriculture and fisheries. The country's low cereal, aquaculture, capture fisheries, and total fisheries production, as well as its below-average fertilizer consumption compared to global averages, highlight potential challenges in the agriculture sector. Improvement in these areas is crucial for enhancing food security, economic growth, and sustainable development in Bosnia and Herzegovina.
Intellectual Property
1. Industrial design applications, nonresident, by count: Bosnia and Herzegovina has 694 applications, below the attribute average of 1415.83. It ranks 34th out of 112 countries for this attribute.
2. Industrial design applications, resident, by count: With 149 applications, Bosnia and Herzegovina is well below the attribute average of 9799.58. It ranks 62nd out of 113 countries.
3. Patent applications, nonresidents: Bosnia and Herzegovina's 5 applications are significantly lower than the average of 6538.40. It ranks last, 113th out of 129 countries.
4. Patent applications, residents: The country's 50 applications fall short of the average of 19037.56. It ranks 79th out of 117 countries.
5. Trademark applications, nonresident, by count: With 8896 applications, Bosnia and Herzegovina is below the average of 15878.93. It ranks 42nd out of 130 countries.
6. Trademark applications, resident, by count: Having 864 applications, the country lags behind the average of 111055.78. It ranks 98th out of 129 countries.
7. Scientific and technical journal articles: Bosnia and Herzegovina's 932.51 articles are well below the average of 15103.76. It ranks 86th out of 192 countries.
8. Charges for the use of intellectual property, payments: With $13,746,877.35 in payments, the country is significantly below the average of $3,218,843,494.39. It ranks 96th out of 143 countries.
9. Charges for the use of intellectual property, receipts: The country's receipts of $12,353,009.68 are much lower than the average of $3,191,687,117.58. It ranks 63rd out of 122 countries.
10. Researchers in R&D (per million people): Bosnia and Herzegovina has 443.85 researchers per million people, below the average of 2556.45. It ranks 56th out of 72 countries for this attribute.
Summary
The analysis of key macroeconomic indicators for Bosnia and Herzegovina reveals a consistent trend of the country falling below the global average across various innovation and intellectual property metrics. From industrial design and patent applications to scientific research and development, Bosnia and Herzegovina's performance lags behind the worldwide average, indicating room for growth and investment in innovation and technology sectors. Addressing these discrepancies and enhancing the country's innovation capabilities can be crucial for fostering economic development, attracting foreign investment, and improving competitiveness on a global scale.
Broad Economy Attributes
Analysis of key macroeconomic attributes for Bosnia and Herzegovina:
- GDP (current US$): The focus country's GDP is $20.2 billion, which is significantly below the average GDP of $442.9 billion. Bosnia and Herzegovina ranks 109 out of 189 countries.
- GDP, PPP (current international $): With a GDP of $54.0 billion, Bosnia and Herzegovina is below the average GDP of $734.1 billion. The country ranks 104 out of 181 nations.
- GDP per capita (current US$): The GDP per capita in Bosnia and Herzegovina is $6095, which is lower than the average of $15462. The country ranks 90 out of 190 countries.
- GDP per capita, PPP (current international $): With a GDP per capita of $16276, Bosnia and Herzegovina falls short of the average of $21251. The country is ranked 74 out of 181 nations.
- GNI (current US$): Bosnia and Herzegovina's GNI is $20.1 billion, well below the average GNI of $452.0 billion. The country ranks 107 out of 185 countries.
- GNI, PPP (current international $): With a GNI of $53.7 billion, Bosnia and Herzegovina is below the average GNI of $730.7 billion. The country ranks 102 out of 181 nations.
- GNI per capita, PPP (current international $): Bosnia and Herzegovina's GNI per capita is $16190, lower than the average of $20615. The country ranks 75 out of 181 nations.
Summary
Analysis of key macroeconomic attributes for Bosnia and Herzegovina:
Bosnia and Herzegovina shows below-average figures for GDP, GDP per capita, and GNI when compared to global averages. These statistics suggest that the country may face challenges in terms of economic development, income distribution, and overall standard of living. Addressing these disparities is crucial for Bosnia and Herzegovina to enhance its economic growth, increase prosperity for its citizens, and improve its global competitiveness.
Broad Value Added
- Gross value added at basic prices (GVA) in current US$ for Bosnia and Herzegovina is $17,060,290,511.77. This is significantly lower than the average GVA of $360,070,943,595.12, ranking Bosnia and Herzegovina 105th out of 176 countries in the dataset.
- Agriculture, forestry, and fishing value added (% of GDP) is at 5.91% in Bosnia and Herzegovina, below the average of 10.86%. The country ranks 106th out of 182 countries on this indicator.
- Agriculture, forestry, and fishing value added in current US$ stands at $1,196,256,777.93 for Bosnia and Herzegovina, much lower than the average of $19,924,732,828.07. The country ranks 123rd out of 182 countries in this aspect.
- Services value added (% of GDP) is at 54.66%, slightly below the average of 56.72%. Bosnia and Herzegovina ranks 100th out of 183 countries on this metric.
- Services value added in current US$ is $11,054,776,146.35 for Bosnia and Herzegovina, significantly lower than the average of $295,837,711,130.69. The country ranks 107th out of 183 countries in this category.
- Industry (including construction) value added in current US$ is $4,809,258,169.92 for Bosnia and Herzegovina, far below the average of $118,421,095,413.50. The country ranks 111th out of 183 nations in this respect.
Summary
The analysis of key macroeconomic indicators for Bosnia and Herzegovina reveals that the country lags behind global averages in terms of Gross Value Added (GVA) across various sectors such as agriculture, services, and industry. With lower GVA figures in current US$ and percentages of GDP compared to global averages, Bosnia and Herzegovina's economic performance is below par, ranking comparatively lower among a significant number of countries in the dataset.
These findings are crucial as they indicate areas where Bosnia and Herzegovina may need to focus on improving its economic productivity and competitiveness. By addressing the disparities in GVA across sectors, the country can work towards enhancing its overall economic performance, attracting investments, and fostering sustainable economic growth in the long run.
Manufacturing Value Added
- Manufacturing, value added (current US$): Bosnia and Herzegovina's value added in manufacturing is
$2,560,988,252.56, significantly below the average of $76,207,179,589.66. The country ranks 101 out of 173
countries in this statistic.
- Manufacturing, value added (% of GDP): Bosnia and Herzegovina's manufacturing value added as a
percentage of GDP is 12.66%, slightly above the average of 11.90%. The country is ranked 75 out of 173
countries.
- Medium and high-tech manufacturing value added (% manufacturing value added): Bosnia and Herzegovina's
percentage of value added in medium and high-tech manufacturing is 18.56%, below the average of 24.49%.
The country ranks 87 out of 149 countries.
- Chemicals (% of value added in manufacturing): The country's value of chemicals as a percentage of
manufacturing value added is 7.08%, lower than the average of 11.56%. Bosnia and Herzegovina is ranked 62
out of 89 countries.
- Food, beverages and tobacco (% of value added in manufacturing): Bosnia and Herzegovina's value of food,
beverages, and tobacco as a percentage of manufacturing value added is 16.92%, below the average of
24.51%. The country ranks 55 out of 92 countries.
- Machinery and transport equipment (% of value added in manufacturing): The country's value of machinery
and transport equipment as a percentage of manufacturing value added is 8.43%, well below the average of
16.85%. Bosnia and Herzegovina's rank is 62 out of 93 countries.
- Textiles and clothing (% of value added in manufacturing): Bosnia and Herzegovina's value of textiles
and clothing as a percentage of manufacturing value added is 11.21%, above the average of 6.33%. The
country ranks 14 out of 93 countries.
- Other manufacturing (% of value added in manufacturing): The country's value of other manufacturing as a
percentage of total manufacturing value added is 56.35%, higher than the average of 42.13%. Bosnia and
Herzegovina is ranked 14 out of 94 countries.
Summary
Bosnia and Herzegovina's manufacturing sector, although contributing 12.66% to its GDP, lags behind the global average in high-tech manufacturing, chemicals, machinery, and transport equipment. However, the country excels in textiles and clothing production, surpassing the global average. These indicators are crucial as they reflect the country's industrial capabilities, competitiveness, and potential for economic diversification and technological advancement.
Money
The inflation, GDP deflator in Bosnia and Herzegovina is 0.06%, significantly lower than the average of 6.90%. The country ranks 141 out of 188 countries in this data set.
Broad money growth is 7.28% in Bosnia and Herzegovina, below the average of 18.03%. The country holds the 111th position out of 139 countries in this metric.
Bosnia and Herzegovina's broad money as a percentage of GDP stands at 81.34%, above the average of 71.75%. The country ranks 48th out of 139 nations in this aspect.
The broad money to total reserves ratio for Bosnia and Herzegovina is 1.89, lower than the average of 5.17. The country ranks 95th out of 126 countries in this specific category.
Summary
Bosnia and Herzegovina has a below-average inflation rate and broad money growth, but above-average broad money as a percentage of GDP. However, its broad money to total reserves ratio is lower than the average. These indicators suggest that while the country is managing its money supply relative to its economic output well, there may be room for improvement in building up reserves for financial stability and growth.
Consumption Expenditure
Final consumption expenditure (current US$): Bosnia and Herzegovina has a value of 18,745,759,098.88 which is significantly below the average of 381,630,252,515.38. The country ranks 101 out of 159 countries in this attribute.
Final consumption expenditure (% of GDP): With a value of 92.68%, Bosnia and Herzegovina exceeds the average of 82.37%. It ranks 35 out of 159 countries in this category.
General government final consumption expenditure (current US$): Bosnia and Herzegovina's value of 4,196,972,573.78 is way below the average of 93,676,578,238.03. The country ranks 94 out of 158 countries in this attribute.
General government final consumption expenditure (% of GDP): At 20.75%, Bosnia and Herzegovina exceeds the average of 18.71%. It holds the 51st rank out of 158 countries.
Household and NPISHs Final consumption expenditure (current US$): The country's value of 14,548,786,525.10 is significantly lower than the average of 290,127,571,157.69. Bosnia and Herzegovina ranks 100 out of 158 countries in this aspect.
Households and NPISHs final consumption expenditure (% of GDP): At 71.93%, Bosnia and Herzegovina surpasses the average of 63.68%. It ranks 48 out of 158 countries in this category.
Summary
In summary, Bosnia and Herzegovina has lower final consumption expenditure, both in absolute terms and as a percentage of GDP, compared to the global average. The country ranks below average in all categories including general government final consumption expenditure and household final consumption expenditure. These indicators are crucial as they reflect the level of economic activity, government spending, and consumer behavior within the country, providing insights into its economic development and potential for growth.
Investment
Foreign direct investment, net (BoP, current US$): Bosnia and Herzegovina received a net FDI of -400099031.05, significantly below the average of -1615235980.51. The country ranks 86th out of 169 countries in this statistic.
Foreign direct investment, net inflows (BoP, current US$): Bosnia and Herzegovina attracted net FDI inflows of 483278992.87, much lower than the average of 5749271080.15. The country ranks 96th out of 182 countries in this measure.
Foreign direct investment, net inflows (% of GDP): Bosnia and Herzegovina's FDI inflows as a percentage of GDP stand at 2.39%, slightly below the average of 2.61%. The country ranks 77th out of 178 countries.
Foreign direct investment, net outflows (BoP, current US$): Bosnia and Herzegovina recorded net FDI outflows of 83179961.82, well below the average of 5707991116.07. The country holds the 74th position out of 156 countries in this aspect.
Foreign direct investment, net outflows (% of GDP): With FDI outflows at 0.41% of GDP, Bosnia and Herzegovina falls short of the average of 1.00%. The country ranks 58th out of 155 countries.
Portfolio Investment, net (BoP, current US$): Bosnia and Herzegovina's net portfolio investment is 3861346.05, significantly lower than the average of 679559169.57. The country ranks 75th out of 159 nations in this category.
Portfolio investment, bonds (PPG + PNG) (NFL, current US$): The country has a net portfolio investment in bonds of -21230000, well below the average of 4134263915.25. Bosnia and Herzegovina ranks 41st out of 59 countries in this metric.
Portfolio equity, net inflows (BoP, current US$): Bosnia and Herzegovina attracted net equity inflows of 3641493.86, significantly lower than the average of 9197145994.70. The country ranks 49th out of 125 nations in this regard.
Summary
Overall, Bosnia and Herzegovina has seen below-average performance in attracting foreign direct investment, both in terms of net inflows and outflows, as well as in relation to its GDP. The country also lags behind in net portfolio investment and equity inflows when compared to the global averages. These indicators are crucial as they reflect Bosnia and Herzegovina's attractiveness to foreign investors and its ability to engage in global financial markets, ultimately impacting its economic growth and development prospects.
Debt
Total debt service (% of GNI): Bosnia and Herzegovina's value is 4.13%, which is below the average of 5.98%. The country ranks 60th out of 120 countries in this attribute.
Public and publicly guaranteed debt service (% of GNI): The country's value is 2.30%, below the average of 2.84%. Bosnia and Herzegovina is ranked 59th out of 120 countries.
External debt stocks (% of GNI): Bosnia and Herzegovina's value is 68.94%, above the average of 65.42%. The country ranks 41st out of 120 countries.
Debt service on external debt, total (TDS, current US$): The country's value is $829.68 million, below the average of $9.81 billion. Bosnia and Herzegovina is ranked 68th out of 123 countries.
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): The country's value is $462.44 million, below the average of $3.31 billion. Bosnia and Herzegovina ranks 66th out of 123 countries.
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Bosnia and Herzegovina's value is $5.21 billion, below the average of $28.70 billion. The country is ranked 69th out of 123 countries.
External debt stocks, private nonguaranteed (PNG) (DOD, current US$): The country's value is $4.87 billion, below the average of $33.73 billion. Bosnia and Herzegovina ranks 48th out of 91 countries.
External debt stocks, total (DOD, current US$): The country's value is $13.87 billion, below the average of $73.85 billion. Bosnia and Herzegovina is ranked 60th out of 123 countries.
Summary
Bosnia and Herzegovina generally has lower values in key debt indicators compared to the global averages, such as total debt service, external debt stocks, and debt service on external debt. Despite ranking in the middle or below average in these indicators, the country's rankings show it faces moderate levels of debt burden compared to other nations. These findings are important as they indicate Bosnia and Herzegovina's relative debt sustainability, which can impact its economic stability, creditworthiness, and ability to invest in future development projects.
Broad Trade Attributes
- For Trade (% of GDP), Bosnia and Herzegovina has a value of 82.11%, slightly below the average of 82.34%. This places Bosnia and Herzegovina at rank 58 out of 163 countries in the dataset.
- In terms of Merchandise trade (% of GDP), Bosnia and Herzegovina's value of 79.24% is notably above the average of 60.01%. The country ranks 35 out of 186 countries included in the data.
- When it comes to Trade in services (% of GDP), Bosnia and Herzegovina registers a value of 10.23%, significantly below the average of 24.63%. This places Bosnia and Herzegovina at rank 120 out of 171 countries in the dataset.
- Looking at External balance on goods and services in current US dollars, Bosnia and Herzegovina's value is -2,780,732,336.62, which is lower than the average of 3,405,509,011.13. The country ranks 124 out of 163 countries included in the data.
- For External balance on goods and services (% of GDP), Bosnia and Herzegovina's value of -13.75% indicates a deficit, below the average of -5.97%. The country ranks 124 out of 163 countries in the dataset.
Summary
Key macroeconomic indicators for Bosnia and Herzegovina reveal that the country has a high Trade (% of GDP) and Merchandise trade (% of GDP) compared to the global average, indicating a strong reliance on trade for economic growth. However, Bosnia and Herzegovina struggles with Trade in services (% of GDP) and External balance on goods and services, showcasing a significant gap in service sector contribution and a trade deficit. These indicators are important as they highlight Bosnia and Herzegovina's position in the global economy, its trade competitiveness, and areas that may require attention for economic stability and growth.
Net Trade
- Current account balance (BoP, current US$): Bosnia and Herzegovina's current account balance is at -574,322,172.50, which is significantly below the average of $1,443,864,831.49. The country ranks 102 out of 170 countries in this attribute. - Current account balance (% of GDP): Bosnia and Herzegovina's current account balance as a percentage of GDP is at -2.84%, lower than the average of -2.36%. The country holds the same rank of 102 out of 170 countries in this metric. - Net trade in goods and services (BoP, current US$): The net trade in goods and services for Bosnia and Herzegovina is -2,706,264,703.83, notably below the average of $2,604,730,003.57. The country ranks 127 out of 171 countries in this category. - Net primary income (BoP, current US$): Bosnia and Herzegovina's net primary income is -112,690,166.99, higher than the average of -903,807,529.74. The country ranks 64 out of 170 countries in this attribute. - Net secondary income (BoP, current US$): The country's net secondary income is $2,244,632,698.32, significantly above the average of -$269,227,340.40. Bosnia and Herzegovina holds the 41st rank out of 170 countries. - Net trade in goods (BoP, current US$): Bosnia and Herzegovina's net trade in goods stands at -3,659,507,048.75, well below the average of $1,302,831,005.68. The country is ranked 133 out of 171 countries. - Net capital account (BoP, current US$): The net capital account for Bosnia and Herzegovina is $211,744,238.32, surpassing the average of $136,543,824.05. The country is ranked 47 out of 159 countries. - Net financial account (BoP, current US$): The net financial account is at -501,148,750.74, slightly below the average of -469,840,994.63. Bosnia and Herzegovina ranks 104 out of 170 countries in this regard.
Summary
In analyzing Bosnia and Herzegovina's key macroeconomic indicators, it is evident that the country generally performs below average in terms of its current account balance, net trade in goods and services, and net trade in goods. However, Bosnia and Herzegovina exhibits strength in net secondary income and net capital account. These indicators are crucial as they reflect the country's economic health, international trade relationships, and financial stability, providing insights for policymakers to make informed decisions to improve the country's economic performance.
Broad Export Attributes
The Exports of goods, services, and primary income in Bosnia and Herzegovina amount to $7.56 billion, which is significantly below the average of $146.24 billion, ranking 100th out of 170 countries. The Exports of goods and services stand at $7.02 billion, well below the average of $122.94 billion, also ranking 100th out of 170 countries.
Bosnia and Herzegovina's Exports of goods and services (current US$) amount to $6.91 billion, placing it 98th out of 163 countries, significantly below the average of $129.60 billion. The country's Exports of goods and services (% of GDP) are at 34.18%, which is below the average of 38.19%, ranking Bosnia and Herzegovina 68th out of 163 countries.
The Goods exports in Bosnia and Herzegovina total $5.51 billion, ranking 98th out of 171 countries, significantly below the average of $93.31 billion. The country's International tourism receipts account for 6.24% of total exports, below the average of 9.74%, placing Bosnia and Herzegovina 46th out of 120 countries.
Bosnia and Herzegovina's ICT goods exports represent only 0.16% of total goods exports, which is significantly below the average of 3.81%, ranking the country 101st out of 142 countries.
Summary
Despite being below average in various export categories, Bosnia and Herzegovina's economy shows signs of underperformance compared to global standards. This can indicate a lack of competitiveness in the international market and a potential need for strategic enhancements in trade promotion and diversification efforts to stimulate economic growth and improve the country's position in the global economy.
Merchandise Exports
Merchandise exports (current US$): Bosnia and Herzegovina's merchandise exports amount to $6,155,000,000, ranking 100th out of 187 countries. This value is significantly below the attribute average of $89,542,711,229.95.
Agricultural raw materials exports (% of merchandise exports): The country's agricultural raw materials exports constitute 4.95% of its total merchandise exports, ranking 26th out of 151 countries. Bosnia and Herzegovina's performance exceeds the attribute average of 2.97%.
Food exports (% of merchandise exports): Food exports represent 8.10% of Bosnia and Herzegovina's merchandise exports, ranking 114th out of 152 countries. This percentage is notably lower than the attribute average of 24.06%.
Fuel exports (% of merchandise exports): The country's fuel exports account for 6.74% of its total merchandise exports, ranking 57th out of 147 countries. This figure falls below the attribute average of 13.70%.
Ores and metals exports (% of merchandise exports): Bosnia and Herzegovina's ores and metals exports make up 5.51% of its merchandise exports, ranking 54th out of 152 countries. This percentage is lower than the attribute average of 9.10%.
Merchandise exports by the reporting economy, residual (% of total merchandise exports): The residual exports amount to 0.14% of Bosnia and Herzegovina's total merchandise exports, ranking 103rd out of 166 countries. This value is significantly lower than the attribute average of 3.20%.
Summary
Bosnia and Herzegovina's key macroeconomic indicators reveal that while the country's total merchandise exports amount is relatively low compared to the global average, it performs well in agricultural raw materials exports and fuel exports as a percentage of total merchandise exports. However, there is a notable underperformance in food exports and ores/metals exports. These findings are crucial for policymakers and stakeholders as they highlight the country's strengths and weaknesses in key export sectors, indicating areas for potential growth and development strategies.
Technology Exports
For the attribute Manufactures exports (% of merchandise exports), Bosnia and Herzegovina has a value of 74.69%, which is significantly higher than the average of 42.62%. The country ranks 32nd out of 152 countries in this data set.
Regarding High-technology exports (current US$), Bosnia and Herzegovina's value is $212,050,904, notably lower than the average of $16,655,934,078.80. The country is ranked 74th out of 151 countries in this dataset.
For High-technology exports (% of manufactured exports), Bosnia and Herzegovina has a value of 4.61%, which is below the average of 10.15%. The country ranks 89th out of 150 countries included in this data.
In terms of Medium and high-tech exports (% manufactured exports), Bosnia and Herzegovina records 28.83%, slightly below the average of 34.29%. The country is ranked 81st out of 149 countries in this analysis.
Summary
Bosnia and Herzegovina excels in Manufactures exports, with a value of 74.69%, ranking 32nd out of 152 countries. However, it lags behind in High-technology exports and High-technology exports as a percentage of manufactured exports, positioning 74th and 89th respectively. Additionally, its Medium and high-tech exports as a percentage of total manufactured exports are slightly below the average at 28.83%, placing it in 81st position.
These indicators are crucial as they highlight Bosnia and Herzegovina's strong focus on traditional manufacturing sectors but also underline the need for greater investment and development in high-tech industries. Diversifying the export base towards high-technology products could bolster economic growth, enhance competitiveness, and reduce dependence on traditional sectors in the long term.
Service Exports
1. Service exports (BoP, current US$): Bosnia and Herzegovina's value is significantly below the average, ranking 98th out of 171 countries. This indicates potential for growth in expanding their service export sector.
2. ICT service exports (BoP, current US$): Bosnia and Herzegovina's value is also below the average, ranking 71st out of 166 countries. There is room for improvement in capturing a larger share of the ICT service export market.
3. ICT service exports (% of service exports, BoP): Bosnia and Herzegovina performs above the average, ranking 25th out of 166 countries. This suggests a relatively strong focus on ICT services compared to other service exports.
4. Communications, computer, etc. (% of service exports, BoP): The country's value is slightly above the average, ranking 90th out of 169 countries. This indicates a decent concentration in this sub-sector within service exports.
5. Transport services (% of service exports, BoP): Bosnia and Herzegovina's value is higher than the average, ranking 60th out of 169 countries. This signifies a significant emphasis on transport services in their service export portfolio.
6. Travel services (% of service exports, BoP): The country's value is above the average, ranking 61st out of 167 countries. This suggests a focus on travel services that is slightly higher than many other nations.
7. Insurance and financial services (% of service exports, BoP): Bosnia and Herzegovina's value is notably below the average, ranking 149th out of 161 countries. There is a considerable gap to bridge in this particular sector of service exports.
Summary
Bosnia and Herzegovina's macroeconomic indicators reveal both strengths and areas for improvement in their service export sector. While the country shows a strong focus on ICT services and transport services compared to other nations, there is significant potential for growth in expanding their overall service export market and bridging the gap in sectors like insurance and financial services. These findings are important as they highlight opportunities for Bosnia and Herzegovina to enhance their competitiveness, diversify their service export portfolio, and ultimately boost economic growth and development.
Commercial Service Exports
- Bosnia and Herzegovina's Commercial service exports amount to $1,508,394,380.35, ranking 97th out of 171
countries. This value is significantly below the average of $28,508,218,402.80 for this attribute.
- Travel services account for 28.55% of Bosnia and Herzegovina's commercial service exports, slightly
above the average of 27.89%. The country is ranked 64th out of 167 countries.
- In terms of Computer, communications, and other services as a percentage of commercial service exports,
Bosnia and Herzegovina stands at 46.19%, higher than the average of 42.44%. The country ranks 81st out of
169 nations.
- Insurance and financial services represent only 0.46% of Bosnia and Herzegovina's commercial service
exports, significantly below the average of 6.97%. The country ranks 149th out of 161 countries.
- Transport services contribute 24.80% to Bosnia and Herzegovina's commercial service exports, slightly
above the average of 23.37%. The country's rank is 63rd out of 169 nations.
Summary
Bosnia and Herzegovina has a diverse commercial service export profile, with travel services and transport services playing significant roles. The country performs above average in terms of the percentage contribution of travel services and transport services to its commercial service exports. However, its performance in insurance and financial services lags behind, indicating potential areas for improvement to diversify and strengthen its export portfolio. These findings are crucial for policymakers and stakeholders as they highlight Bosnia and Herzegovina's strengths and weaknesses in the global services trade market, guiding strategic decisions for enhancing competitiveness and economic growth.
Broad Import Attributes
Analysis of key stats for Bosnia and Herzegovina:
1. Imports of goods and services (current US$): The focus country value is $9.69 billion, which is significantly below the attribute average of $126.19 billion. Bosnia and Herzegovina ranks 92 out of 163 countries in this aspect.
2. Imports of goods and services (% of GDP): Bosnia and Herzegovina's value is 47.93%, slightly higher than the attribute average of 44.15%. The country ranks 52 out of 163 nations.
3. International tourism, expenditures (% of total imports): The focus country value is 1.68%, lower than the attribute average of 3.98%. Bosnia and Herzegovina ranks 106 out of 131 countries.
4. ICT goods imports (% total goods imports): Bosnia and Herzegovina's value is 3.05%, below the attribute average of 6.85%. The country ranks 116 out of 143 nations.
5. Goods imports (BoP, current US$): The focus country value is $9.17 billion, significantly lower than the attribute average of $92.01 billion. Bosnia and Herzegovina ranks 89 out of 171 countries.
6. Imports of goods and services (BoP, current US$): Bosnia and Herzegovina's value is $9.73 billion, well below the attribute average of $120.32 billion. The country ranks 97 out of 170 nations.
7. Imports of goods, services and primary income (BoP, current US$): The focus country value is $10.38 billion, significantly below the attribute average of $144.51 billion. Bosnia and Herzegovina ranks 100 out of 170 countries.
Summary
In summary, Bosnia and Herzegovina has notably lower imports of goods and services compared to the global average, ranking lower in terms of both total imports value and percentage of GDP. The country also spends less on international tourism and ICT goods imports as a percentage of total imports. These statistics indicate that Bosnia and Herzegovina may have a more closed economy with limited external trade and investment, potentially impacting its economic growth and global competitiveness.
Merchandise Imports
Analysis of key import statistics for Bosnia and Herzegovina:
1. Merchandise imports (current US$): Bosnia and Herzegovina's value of 9.87 billion USD is below the average of 89.39 billion USD, ranking 92 out of 190 countries.
2. Manufactures imports (% of merchandise imports): With a value of 67.37%, Bosnia and Herzegovina is slightly above the average of 66.76%, ranking 83 out of 152 countries.
3. Agricultural raw materials imports (% of merchandise imports): At 1.21%, Bosnia and Herzegovina is below the average of 1.27%, ranking 66 out of 152 countries.
4. Food imports (% of merchandise imports): Bosnia and Herzegovina's value of 17.82% is above the average of 15.89%, placing it at rank 51 out of 152 countries.
5. Fuel imports (% of merchandise imports): The country's value of 9.68% is below the average of 11.38%, ranking 88 out of 152 countries.
6. Ores and metals imports (% of merchandise imports): Bosnia and Herzegovina's value of 3.90% surpasses the average of 2.57%, ranking 28 out of 152 countries.
7. Merchandise imports by the reporting economy, residual (% of total merchandise imports): With a value of 0.05%, Bosnia and Herzegovina is significantly below the average of 2.51%, ranking 138 out of 180 countries.
Summary
In analyzing key import statistics for Bosnia and Herzegovina, it is evident that the country generally falls below global averages in terms of total merchandise imports but shows strengths in specific import categories such as manufactures, ores, and metals. The country's higher reliance on food imports compared to the global average could indicate potential vulnerabilities in food security that may need to be addressed through strategic trade policies or domestic production initiatives.
Service Imports
Service imports in Bosnia and Herzegovina amount to $558,224,113.60. This is significantly below the average service imports of $27,615,356,170.47, ranking the country 139th out of 171 countries in the dataset.
Communications, computer, etc. represent 26.28% of service imports in Bosnia and Herzegovina, which is below the average of 44.40%. The country ranks 137th out of 169 countries in this aspect.
Transport services account for 37.96% of service imports in Bosnia and Herzegovina, above the average of 32.90%. This places the country at a comparatively better rank of 59 out of 169 countries.
Travel services make up 24.63% of service imports in Bosnia and Herzegovina, exceeding the average of 14.14%. This high percentage places the country at 25th out of 169 countries.
Insurance and financial services comprise 11.12% of service imports in Bosnia and Herzegovina, higher than the average of 8.53%. This elevates the country's rank to 41st out of 169 countries considered.
Summary
Bosnia and Herzegovina has below-average service imports compared to the dataset, ranking 139th out of 171 countries. The country allocates a higher percentage of its service imports to transport services and travel services, placing it above average in these categories.
These findings are important as they indicate areas where Bosnia and Herzegovina may have competitive advantages or specific needs. Higher allocation to travel services suggests a potential tourism industry, while the emphasis on transport services may indicate infrastructural development or logistical importance. Understanding these sectoral allocations can help in strategic planning, trade negotiations, and identifying opportunities for economic growth and diversification.
Commercial Service Imports
1. Commercial service imports (current US$): Bosnia and Herzegovina's value of 552,244,964.06 is significantly below the average of 27,102,746,128.60. It ranks 139 out of 171 countries in the dataset.
2. Computer, communications and other services (% of commercial service imports): Bosnia and Herzegovina's value of 25.49% is below the average of 41.71%. It ranks 128 out of 169 countries in the dataset.
3. Insurance and financial services (% of commercial service imports): Bosnia and Herzegovina's value of 11.24% is above the average of 8.85%. It ranks 43 out of 169 countries in the dataset.
4. Transport services (% of commercial service imports): Bosnia and Herzegovina's value of 38.37% is above the average of 34.71%. It ranks 63 out of 169 countries in the dataset.
5. Travel services (% of commercial service imports): Bosnia and Herzegovina's value of 24.90% is above the average of 14.73%. It ranks 27 out of 169 countries in the dataset.
Summary
Bosnia and Herzegovina's commercial service imports value is significantly below the average, ranking 139 out of 171 countries. Interestingly, the country has a higher percentage of its commercial service imports dedicated to insurance and financial services, transport services, and travel services compared to the average values. This could indicate a specialization in these sectors or potentially highlight areas for further growth and investment to improve the country's overall economic development.
Infrastructure
Railways, passengers carried (million passenger-km): Bosnia and Herzegovina's value of 15 million passenger-km is significantly below the average of 32281.92 million passenger-km. With a rank of 61 out of 64 countries, it indicates a lower usage of railways for passenger transport compared to other countries in the dataset.
Railways, goods transported (million ton-km): Bosnia and Herzegovina's value of 1040 million ton-km is notably below the average of 119231.19 million ton-km. Ranked 47 out of 62 countries, the country transports fewer goods via railways compared to most others in the dataset.
Air transport, registered carrier departures worldwide: With 44 registered carrier departures, Bosnia and Herzegovina falls far below the average of 134365.61 departures. It holds a rank of 147 out of 149 countries, signaling limited air transport connectivity compared to the global dataset.
Air transport, passengers carried: Bosnia and Herzegovina's 1593 passengers carried is substantially lower than the average of 11848242.70 passengers. Positioned at rank 148 out of 149 countries, the country sees comparatively fewer passengers using its air transport services.
Summary
The analysis of key macroeconomic indicators for Bosnia and Herzegovina reveals significant underutilization of railways for both passenger and goods transport, as well as limited air transport connectivity in terms of carrier departures and passengers carried. These indicators are crucial as they indicate a potential lack of infrastructure development and connectivity, which can impact the country's economic growth, trade capabilities, and overall competitiveness in the global market.
Information Technology Infrastructure
1. Secure Internet servers: Bosnia and Herzegovina has 10,382 secure internet servers. This is below the average of 458,294 for 193 countries, placing Bosnia and Herzegovina at rank 70.
2. Secure Internet servers (per 1 million people): With 3,128.61 secure internet servers per million people, Bosnia and Herzegovina falls below the average of 14,067.17. It ranks 62 out of 193 countries in this aspect.
3. Individuals using the Internet (% of population): Approximately 73.21% of the population in Bosnia and Herzegovina uses the internet, which is higher than the average of 64.77%. The country is ranked 87 out of 180 nations in this category.
4. Fixed broadband subscriptions: Bosnia and Herzegovina has 770,424 fixed broadband subscriptions, below the average of 6,591,956.35 subscriptions. This places the country at rank 76 out of 185 countries.
5. Mobile cellular subscriptions: The country has 3,509,674 mobile cellular subscriptions, ranking below the average of 42,526,463.87 subscriptions. Bosnia and Herzegovina ranks 132 out of 193 countries in this area.
Summary
Bosnia and Herzegovina exhibits below-average numbers in key macroeconomic indicators related to internet infrastructure and connectivity. While the country falls behind in terms of secure internet servers, both in absolute numbers and per million people, it boasts a higher percentage of individuals using the internet compared to the global average. However, the country lags in fixed broadband and mobile cellular subscriptions. These indicators are crucial as they reflect not only technological advancement and digital inclusion but also impact economic growth, innovation, and competitiveness in the global market.
Energy Consumption
Renewable energy consumption in Bosnia and Herzegovina stands at 37.71%, surpassing the average of 32.18%. The country is ranked 67 out of 191 countries in this category.
CO2 emissions in Bosnia and Herzegovina are 20,946.8 kt, which is significantly lower than the average of 171,895.94 kt. The country ranks 81 out of 188 nations for CO2 emissions.
Summary
Bosnia and Herzegovina demonstrates a commendable sustainability effort with renewable energy consumption at 37.71%, surpassing the global average of 32.18%. Additionally, the country's relatively low CO2 emissions of 20,946.8 kt compared to the average of 171,895.94 kt reflects a commitment to environmental responsibility. These statistics are crucial as they showcase Bosnia and Herzegovina's potential for a greener future and highlight its positive contribution towards global environmental objectives.
Government Balance Sheet
1. Net acquisition of financial assets (% of GDP): Bosnia and Herzegovina's value of 0.34% is below the average of 2.45%. It ranks 59th out of 87 countries in the dataset.
2. Central government debt, total (% of GDP): Bosnia and Herzegovina's value of 45.42% is below the average of 74.12%. It ranks 44th out of 61 countries in the dataset.
3. Net incurrence of liabilities, total (% of GDP): Bosnia and Herzegovina's value of 2.83% is below the average of 7.43%. It ranks 79th out of 92 countries in the dataset.
4. Total reserves (% of total external debt): Bosnia and Herzegovina's value of 62.80% is below the average of 66.13%. It ranks 26th out of 102 countries in the dataset.
5. Reserves and related items (BoP, current US$): Bosnia and Herzegovina's value of $376,204,332.48 is below the average of $1,924,407,186.58. It ranks 56th out of 171 countries in the dataset.
6. Total reserves minus gold (current US$): Bosnia and Herzegovina's value of $8,525,572,339.31 is below the average of $74,221,588,171.61. It ranks 71st out of 161 countries in the dataset.
7. Total reserves (includes gold, current US$): Bosnia and Herzegovina's value of $8,707,117,939.31 is below the average of $85,708,019,773.47. It ranks 75th out of 161 countries in the dataset.
8. Total reserves in months of imports: Bosnia and Herzegovina's value of 10.06 months is above the average of 7.10 months. It ranks 32nd out of 151 countries in the dataset.
Summary
Bosnia and Herzegovina's key macroeconomic indicators show a consistent trend of being below the global averages in terms of financial assets acquisition, government debt, incurrence of liabilities, reserves, and related items. While the country's total reserves in months of imports exceed the global average, its total reserves, reserves minus gold, and reserves including gold fall significantly below the average values. These statistics are important as they reflect Bosnia and Herzegovina's financial stability, capacity to meet external obligations, and overall economic resilience compared to other nations.
Government Revenue
Revenue, excluding grants (% of GDP): Bosnia and Herzegovina's value is 37.45% of GDP, which is above the average of 27.02%. The country ranks 20th out of 122 countries in this attribute.
Grants and other revenue (% of revenue): Bosnia and Herzegovina's value is 9.15% of revenue, below the average of 23.54%. The country ranks 88th out of 108 countries in this attribute.
Social contributions (% of revenue): Bosnia and Herzegovina's value is 41.12% of revenue, above the average of 22.29%. The country ranks 6th out of 81 countries in this attribute.
Taxes on goods and services (% of revenue): Bosnia and Herzegovina's value is 41.16% of revenue, above the average of 31.82%. The country ranks 26th out of 122 countries in this attribute.
Taxes on international trade (% of revenue): Bosnia and Herzegovina's value is 0.04% of revenue, below the average of 6.24%. The country ranks 93rd out of 101 countries in this attribute.
Other taxes (% of revenue): Bosnia and Herzegovina's value is 0.41% of revenue, below the average of 2.12%. The country ranks 73rd out of 106 countries in this attribute.
Taxes on income, profits and capital gains (% of revenue): Bosnia and Herzegovina's value is 8.12% of revenue, below the average of 24.66%. The country ranks 110th out of 119 countries in this attribute.
Summary
Bosnia and Herzegovina shows strong performance in social contributions, ranking 6th out of 81 countries, with a value of 41.12% of revenue, exceeding the average. However, the country struggles in taxes on income, profits, and capital gains, ranking 110th out of 119 countries, with a value of 8.12% of revenue, below the average. These indicators are crucial as they reflect the government's fiscal policies and the structure of its revenue sources, influencing its ability to fund public services and investments for economic growth.
Taxes
Analysis of Tax Revenue (% of GDP) in Bosnia and Herzegovina: The country's tax revenue accounts for 18.75% of its GDP, which is slightly above the average of 16.72%. Bosnia and Herzegovina is ranked 45th out of 123 countries in this regard.
Analysis of Customs and Other Import Duties (% of Tax Revenue) in Bosnia and Herzegovina: Bosnia and Herzegovina's reliance on customs and other import duties is very low at 0.0187%, significantly below the average of 9.01%. The country ranks 97th out of 99 countries.
Analysis of Taxes on Income, Profits, and Capital Gains (% of Total Taxes) in Bosnia and Herzegovina: The country derives 16.34% of its total tax revenue from taxes on income, profits, and capital gains, much below the average of 38.40%. Bosnia and Herzegovina ranks 112th out of 120 countries.
Analysis of Tariff Rate, Applied, Weighted Mean, All Products (%) in Bosnia and Herzegovina: With a tariff rate of 2.86%, Bosnia and Herzegovina has a lower than average rate compared to the global average of 5.21%. The country is ranked 85th out of 153 countries in this aspect.
Summary
In summary, Bosnia and Herzegovina exhibits a relatively low tax revenue as a percentage of its GDP, ranking slightly above the global average. The country's dependency on customs and import duties is significantly below average, contributing very little to its tax revenue. Furthermore, Bosnia and Herzegovina derives a smaller proportion of its total tax revenue from income, profits, and capital gains compared to the global average. This indicates a potential need for diversification in revenue sources and tax policies to enhance fiscal sustainability and economic growth.
Government Expenses
Expense (% of GDP): Bosnia and Herzegovina's expense as a percentage of GDP is 6.67% higher than the average, ranking 36th out of 123 countries in the dataset.
Compensation of employees (% of expense): The country's expenditure on employee compensation is 1.14% higher than the average, placing it 54th out of 123 countries.
Goods and services expense (% of expense): Bosnia and Herzegovina's spending on goods and services is 2.32% above the average, ranking 40th out of 122 countries.
Interest payments (% of expense): The country's allocation to interest payments is significantly lower at 5.07% below the average, placing it 102nd out of 121 countries.
Other expense (% of expense): Bosnia and Herzegovina's other expenses are 1.31% below the average, ranking 52nd out of 120 countries.
Subsidies and other transfers (% of expense): The country's spending on subsidies and transfers is 4.05% higher than the average, positioning it 48th out of 121 countries.
Summary
In analyzing key macroeconomic indicators for Bosnia and Herzegovina, it is evident that the country tends to allocate a higher percentage of its GDP towards expenses compared to the average of the dataset. Specifically, Bosnia and Herzegovina's expenses on goods and services and subsidies/transfers are notably higher than the average, reflecting a significant portion of its budget allocation. However, the country's lower allocation towards interest payments signifies potential economic stability and manageable debt levels, which is crucial for long-term financial health and sustainability.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Death rate, crude (per 1,000 people) | 12/192 |
| Social contributions (% of revenue) | 6/81 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Population ages 0-14 (% of total population) | 176/194 |
| Birth rate, crude (per 1,000 people) | 178/192 |
| Fertility rate, total (births per woman) | 176/190 |
| Capture fisheries production (metric tons) | 181/190 |
| Insurance and financial services (% of service exports, BoP) | 149/161 |
| Insurance and financial services (% of commercial service exports) | 149/161 |
| Railways, passengers carried (million passenger-km) | 61/64 |
| Air transport, registered carrier departures worldwide | 147/149 |
| Air transport, passengers carried | 148/149 |
| Taxes on international trade (% of revenue) | 93/101 |
| Taxes on income, profits and capital gains (% of revenue) | 110/119 |
| Customs and other import duties (% of tax revenue) | 97/99 |
| Taxes on income, profits and capital gains (% of total taxes) | 112/120 |