Source: world bank Nominal/PPP
Summary:
Bosnia and Herzegovina GDP Per Capita expanded from 1990 to 2024, increasing from $1,742.88 to $9,358.79 .The compound annual growth rate (CAGR) averaged 5.07% over the period. The economy recorded its peak level in 2024 and its lowest level in 1994. Growth volatility remained high. The maximum drawdown reached 80.66%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
Bosnia and Herzegovina Economic Phases (1990 - 2024)
From 1990 to 2024, Bosnia and Herzegovina economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Crisis (1991–1994) indicating severe economic downturn
- High Growth (1995–2000) indicating robust economic expansion
- High Growth (2002–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- High Growth (2016–2018) indicating robust economic expansion
- Expansion (2019–2020) indicating steady moderate growth
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1995 with an increase of 49.03%, while the largest decline was in 1994 at -63.749%.