Bosnia’s Serb Republic GDP expands 2.1% in 2013

By bne IntelliNews April 1, 2014

Bosnia’s Serb Republic economy expanded by 2.1% in 2013 improving from a 1.1% contraction the year before, underpinned by higher industrial, agriculture and public administration sectors' output, the entity’s statistics office said on March 31.

In the fourth quarter alone, the Republic’s GDP grew a real 2.0% y/y, quickening from a revised 1.9% y/y growth in Q3. In seasonally-adjusted terms, the fourth-quarter GDP edged up 0.4% q/q, after recording a zero q/q rise in July-September.

The manufacturing output, which accounts for 9% of the entity’s GDP, rose 6.8% last year, following a 4.5% contraction the year before. The agriculture sector (10% share) expanded 8.8% in 2013 after declining 7.9% in 2012. The public administration sector (holding a 19% share of the GDP) went up 0.9% last year, slowing from a 2.5% growth a year ago.

On the other hand, the wholesale and retail trade (17% share) swung to a 0.2% decline last year after edging up 0.7% in 2012. The real estate sector (5% share) remained in the red, shrinking by 0.8% in 2013 after a 1.0% contraction the year before. The construction sector (a 4% share), which has been on a steady downward trend since 2009 (latest available), declined by 2.6% in 2013, improving from a 3.2% drop in 2012.

The Serb Republic's GDP accounts for around one third of Bosnia’s total GDP. The Republic makes up Bosnia and Herzegovina together with the Muslim-Croat Federation.

Related Articles

Republika Srpska president reportedly to face charges over banned referendum

A well known Bosnian political blogger has claimed that Republika Srpska’s President Milorad Dodik and the entity’s Prime Minister Zeljka Cvijanovic will face charges over the 2016 referendum ... more

Former Bosnian minister wanted in organised crime case now on the run

A Sarajevo court has called for an international arrest warrant to be issued for former Interior Minister Alija Delimustafic, who is understood to be in hiding after being ordered to return to police ... more

Bosnia to expel more than 300 foreign property owners for tax evasion

Bosnia & Herzegovina will expel more than 300 foreigners, mainly from the Gulf, on suspicion of evading taxes on their investment properties, Reuters reported on December 14, quoting the ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss