Bosnia’s Federation economy expands 2.1% in 2013

By bne IntelliNews April 28, 2014

Bosnia’s Federation economy expanded by 2.1% in 2013 improving from a 1.2% contraction the year before, mainly underpinned by higher manufacturing, agriculture and utilities sectors' output, the entity’s statistics office said.

In the fourth quarter alone, the Federation’s GDP grew a real 2.6% y/y, quickening from 1.7% y/y growth in Q3. In seasonally-adjusted terms, the fourth-quarter GDP edged up 0.7% q/q, after a 0.3 q/q rise in July-September.

The manufacturing output, which accounts for 12.5% of the entity’s GDP, rose 6.2% last year, following a 0.1% contraction the year before. The agriculture sector (4.9% share) expanded 11% in 2013 after declining 13% in 2012. The utilities sector (holding a 3.8% share of the GDP) climbed 14.9% last year, following a 12.0% drop a year ago. The construction sector (a 3.9% share), which has been on a steady downward trend since 2009 (latest available), went up by 1.1% in 2013, improving from a 1.6% decrease in 2012.

On the other hand, the wholesale and retail trade (13.0% share) swung to a 1.5% decline last year after edging up 0.9% in 2012. The information and communication sector (4.6% share), likewise, fell by 1.5% in 2013 after a 1.6% hike the year before.

The federation’s GDP accounts for roughly two-thirds of Bosnia’s total GDP. The Federation makes up Bosnia and Herzegovina together with the Serb republic.

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