Source: world bank Nominal/PPP
Summary:
Bosnia and Herzegovina GDP Per Capita expanded from 1990 to 2024, increasing from $7.75 to $29.61 .The compound annual growth rate (CAGR) averaged 4.02% 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 83.74%, indicating the largest cyclical decline from peak levels. The country experienced 5 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 (2017–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1996 with an increase of 49.26%, while the largest decline was in 1994 at -65.411%.