Bosnia’s Federation GDP eases to 1.3% in Q3 2013

By bne IntelliNews February 3, 2014

Bosnia’s Federation GDP grew a real 1.3% y/y in the third quarter of 2013, slowing from а 1.6% y/y growth in Q2 and 2.5% expansion in Q1, data from the entity’s statistics office showed. The Q3 GDP growth was underpinned by higher industrial and agriculture sectors' output and construction activity. In seasonally-adjusted terms, third-quarter GDP edged down 0.5% q/q, deteriorating from a 0.3% q/q drop in April-June.

This is the first time the office publishes quarterly GDP data.

The manufacturing output, which accounts for 12.4% of the entity’s GDP, rose 7.2% y/y in Q3, slowing from an 11.7% y/y hike in the previous quarter. The agriculture sector (8.4% share) expanded 7.8% y/y in July-September, likewise, easing from an 8.0% growth in Q2. The construction sector (holding a 4.2% share in GDP) grew by 6.7% y/y in July-September, following a 1.5% drop in Q2.

On the other hand, the wholesale and retail trade (13.5% share) and information and communication sectors (4.4% share) retreated by 2.2% y/y and 7.2% y/y, respectively, in Q3. The real estate sector (a 4.7% share) inched down 0.2% y/y in July-September following a 0.3% growth in the previous quarter.

The Federation’s economy contracted by a real 1.2% in 2012, following a 0.9% growth the year before, on falling agricultural, industrial and utilities output and shrinking construction activity. The entity’s GDP accounts for around two thirds of Bosnia’s total GDP.

The Federation makes up Bosnia and Herzegovina together with the Serb Republic.

Related Articles

Political uncertainty remains main risk to Bosnia’s economic growth, World Bank says

Political uncertainty remains the main risk to Bosnia & Herzegovina’s medium-term outlook as the lack of agreement between entities could delay reforms, the World Bank said in the ... more

Shell again eyes oil, gas exploration in Bosnia

Royal Dutch Shell is again interested in oil and gas exploration in Bosnia & Herzegovina ... more

Bosnia indicts former interior minister, 37 others for organised crime

The prosecution of Bosnia & Herzegovina’s Sarajevo canton formally indicted former interior minister Alija Delimustafic and 37 other individuals, as well as eight legal entities in a large ... more

Dismiss