In 2023, Bosnia and Herzegovina's GDP composition was dominated by the services sector at 37.69%, followed by mining, manufacturing, and utilities at 22.61%. The wholesale and retail trade, restaurants, and hotels sector accounted for 18.2%, demonstrating a strong consumer economy. Transport, storage, and communication contributed 9.39%, while agriculture and related activities made up 7.5%. The construction industry trailed at 4.61%. Year-on-year growth indicates a momentum in trade and manufacturing, aligning with global trends. Over the past five years, the compound annual growth rate reveals a steady but moderate development across sectors, reflecting economic stabilization post-global fluctuations.
Future trends to watch include:
- Increased investment in technology and innovation within the services sector.
- Manufacturing and utilities likely to leverage regional trade agreements for expansion.
- Potential growth in agriculture contingent on sustainable practices and export capabilities.
- Enhanced infrastructure in transport and communication could support economic growth.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 37.69 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 22.61 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 18.2 | 2016 | |
| 4 | 4 Transport, storage and communication | 9.39 | 2016 | |
| 5 | 5 Agriculture, hunting, forestry, fishing | 7.5 | 2016 | |
| 6 | 6 Construction | 4.61 | 2016 |
