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  • BOSNIA AND HERZEGOVINA

  • Bosnia and Herzegovina

    Bosnia and Herzegovina

    DEVELOPMENT CHALLENGES 

    In recent years, the economic situation in Bosnia and Herzegovina (BiH) has been characterized by stable macroeconomic growth, resulting mainly from the development of trade integration with the EU. Annual GDP growth was 3.2% on average between 2006 and 2010. Following a sharp downturn in 2009, the country has returned to positive growth, due mainly to the recovery in external demand. BiH is ranked 74th of 187 countries, with a “high” Human Development Index (HDI) of 0.733 in 2011. However, despite its recent graduation from “lower-middle income” to “upper-middle income” country, moving from a GNI per capita of US$3,790 in 2007 to US$4,790 in 2010, the human development challenges in BiH persist.

    • Poverty and inequality
    • High unemployment and job informality
    • Inefficient public administration
    • Widespread availability of weapons
    • Emigration and reliance on remittances
    • Environmental issues

    KEY TRADE ISSUES 

    • Market concentration, trade deficit and WTO accession
    • Weak competitiveness and low productive capacity
    • Administrative barriers to trade
    • Limited access to finance

    GOVERNMENT PRIORITIES 

    BiH’s overarching national priority is accession to the EU. Having signed a Stabilization and Association Agreement (SAA) with the EU in June 2008, the Government is undertaking major economic, political and governance reforms aimed at aligning its national strategies with the SAA. In particular, two strategies have been developed for 2008-2013: the Country Development Strategy (CDS) and the Social Inclusion Strategy (SIS).

    The five main priority areas of the CDS are to:

    • Strengthen macroeconomic stability;
    • Promote sustainable development;
    • Increase competitiveness;
    • Provide better employment opportunities;
    • Enable EU integration; and
    • Facilitate social inclusion, including through improvement of the pension policy, the protection of families with children, the health care system, the education system, and the employment and social policies (outlined in the SIS).

    More detailed information on Bosnia and Herzegovina can be found here. 

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.