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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

bne IntelliNews Southeast Europe Outlook 2024

This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    8 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    6 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    19 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    23 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    28 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    21 days ago

Reports

Dismiss