Bosnia and Herzegovina records economic growth: Tourism is an increasingly important sector of BH economy

At the same time, the number of employed persons in this sector is growing. In the sector "Accommodation, food preparation, and services", in 2016, 35,209 persons were employed, while in the end of April 2017, 36,889 persons were employed

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Last year, exports from Bosnia and Herzegovina amounted to 9.417 billion BAM, which is 4.8 percent more than in the same period of 2015, while imports amounted to 16.139 billion BAM, which is 1.8 percent more than in the same period of the previous year. The coverage of import by export was 58.3 percent, while the foreign trade deficit amounted to 6.723 billion BAM, data from the Directorate for Economic Planning of Bosnia and Herzegovina.

Positive developments in the economy continued this year as well. According to the Statistics Agency of Bosnia and Herzegovina, in the first five months of 2017, exports from Bosnia and Herzegovina amounted to 4.309 billion BAM, which is 17.3 percent more than in the same period last year.

Import was 7.004 billion BAM, which is 11.7 percent more than in the same period of the previous year. The coverage of imports by exports was a record high 61.5 percent, while the foreign trade deficit amounted to 2.695 billion BAM.

Bosnia and Herzegovina recorded record results in tourism, while tourists in our country made 1,148,530 visits in 2016, which is 11.6 percent more and 2,376,743 overnight stays, which is 10.9 percent more than in the same period in 2015.

At the same time, the number of employed persons in this sector is growing. In the sector “Accommodation, food preparation, and services”, in 2016, 35,209 persons were employed, while in the end of April 2017, 36,889 persons were employed.

In 2016, there were 728,591 people in Bosnia and Herzegovina, which represents an increase of 701,254 person employed during 2014. In the year 2014, at the same time, the number of unemployed decreased from 543,000 from 2012 to 521,000 in 2016. Expert forecasts indicate that positive trends in the economy and tourism will continue in 2017.

EGIDA U SLIKU: GDP growth in 2016 – 3 percent, GDP growth in 2015 – 3.7 percent

GDP growth per capita: in 2016 – 8,606 BAM, in 2010 – 6,872 BAM, in 2005 – 5,504 BAM