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Bosnia and Herzegovina: A Country Snapshot

Economic Outlook

The economy of Bosnia and Herzegovina is expected to strengthen to about 4% by 2020, driven primarily by consumption and public investment. However, there are still major challenges that need to be addressed.

Key Challenges

• Persistent Unemployment: High unemployment rates remain a significant challenge for the country.
• Inefficient Fiscal Policy: Bosnia and Herzegovina’s fiscal policy is inefficient and needs reform to address structural rigidities in public employment, pensions, and debt.

Flood Recovery Efforts

In 2014, unprecedented rainfall caused heavy flooding that affected over 1 million people (25% of the population) and resulted in estimated damages equivalent to nearly 15% of the country’s GDP. The World Bank participated in a systematic recovery needs assessment and provided financial support for emergency goods and rehabilitation of high-priority infrastructure.

Notable Statistics

• 641,481 people have benefited from rehabilitated infrastructure and flood protection since the 2014 floods.
• 25% of the population affected: The flood-affected areas covered over 25% of the country’s population.
• Estimated damages equivalent to 15% of GDP: The flooding resulted in estimated damages equivalent to nearly 15% of the country’s GDP.

World Bank Support

The World Bank supports Bosnia and Herzegovina’s reform agenda, which aims to address structural rigidities in public employment, pensions, and debt. The World Bank has a dedicated webpage for Bosnia and Herzegovina, which provides access to data, projects, research, and news related to the country.