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Economy of Bosnia and Herzegovina vs Botswana compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $19.4B for Botswana, ranking 111/197 and 133/197 by economy size, respectively.

Bosnia and Herzegovina has $9.7B in government debt (35.7% of GDP), compared to $6.36B (50.3% of GDP) in Botswana.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Bosnia and Herzegovina
GDP, current $

GDP, constant 2015 $
Botswana
GDP, current $

GDP, constant 2015 $
Year GDP
Bosnia Botswana
Current $ Constant $ Current $ Constant $
1960 - - $30,411,414 $203,297,646
1961 - - $32,902,613 $216,193,393
1962 - - $35,644,957 $230,606,288
1963 - - $38,091,843 $244,260,590
1964 - - $41,616,348 $260,949,209
1965 - - $45,788,696 $276,120,679
1966 - - $51,465,655 $293,637,827
1967 - - $58,642,354 $311,034,576
1968 - - $66,248,441 $343,901,776
1969 - - $77,361,547 $395,911,433
1970 - - $96,243,234 $463,692,530
1971 - - $127,448,614 $583,423,076
1972 - - $164,460,915 $737,224,723
1973 - - $244,124,164 $894,277,062
1974 - - $306,044,208 $972,953,727
1975 - - $355,168,572 $1,055,131,835
1976 - - $372,025,093 $1,167,475,696
1977 - - $451,624,780 $1,307,713,345
1978 - - $590,407,374 $1,495,145,304
1979 - - $819,870,259 $1,676,784,361
1980 - - $1,060,889,704 $1,877,778,848
1981 - - $1,073,812,830 $2,047,996,824
1982 - - $1,014,945,696 $2,297,146,530
1983 - - $1,172,230,397 $2,599,146,161
1984 - - $1,240,822,167 $2,821,253,171
1985 - - $1,114,783,343 $3,022,275,113
1986 - - $1,392,602,164 $3,269,283,371
1987 - - $1,965,226,890 $3,657,737,272
1988 - - $2,644,554,159 $4,369,166,056
1989 - - $3,083,822,112 $4,939,753,185
1990 $7,753,478,261 $3,520,858,802 $3,790,636,324 $5,274,313,873
1991 $6,122,959,184 $3,191,728,041 $3,942,876,703 $5,667,709,608
1992 $4,735,044,707 $2,986,279,452 $4,146,464,587 $5,833,040,675
1993 $3,630,668,950 $2,921,138,291 $4,160,129,175 $5,944,807,979
1994 $1,255,802,469 $3,246,318,397 $4,259,259,604 $6,160,480,628
1995 $1,866,572,954 $3,764,700,289 $4,730,599,122 $6,593,587,690
1996 $2,786,045,322 $5,805,141,499 $4,847,757,218 $6,977,980,666
1997 $3,671,909,673 $7,932,210,853 $5,020,265,627 $7,558,959,722
1998 $4,116,774,301 $9,250,256,714 $4,790,481,509 $7,592,496,073
1999 $4,686,256,363 $10,131,026,399 $5,484,263,347 $8,326,480,944
2000 $5,567,772,769 $10,679,552,178 $5,788,329,609 $8,491,986,059
2001 $5,800,615,375 $10,938,351,172 $5,489,608,300 $8,513,264,764
2002 $6,728,220,983 $11,488,270,723 $5,438,863,983 $9,029,979,997
2003 $8,498,894,359 $11,932,537,720 $7,511,582,173 $9,447,697,368
2004 $10,156,541,221 $12,687,302,704 $8,957,467,707 $9,703,335,214
2005 $11,222,796,337 $13,181,750,135 $9,918,907,108 $10,145,481,816
2006 $12,864,841,906 $13,895,410,482 $9,919,158,482 $10,994,036,837
2007 $15,778,734,264 $14,709,558,825 $10,567,270,656 $11,630,872,553
2008 $19,112,796,623 $15,510,030,555 $10,730,829,116 $12,009,117,014
2009 $17,613,949,091 $15,044,038,583 $10,118,459,242 $10,310,519,328
2010 $17,176,315,804 $15,174,269,896 $12,637,273,429 $11,353,915,358
2011 $18,644,233,537 $15,319,868,792 $15,110,643,612 $12,130,342,700
2012 $17,226,735,996 $15,193,964,403 $13,907,464,500 $12,109,617,149
2013 $18,179,109,209 $15,551,001,103 $14,271,738,933 $13,454,136,663
2014 $18,558,734,107 $15,730,436,008 $15,470,088,501 $14,220,638,233
2015 $16,404,348,361 $16,404,348,361 $13,530,748,845 $13,530,748,845
2016 $17,116,926,554 $16,936,219,695 $15,082,637,184 $14,505,561,464
2017 $18,326,373,136 $17,485,647,420 $16,105,155,857 $15,102,375,176
2018 $20,484,058,033 $18,155,173,558 $17,031,943,186 $15,734,967,213
2019 $20,482,608,984 $18,679,105,074 $16,725,908,149 $16,212,015,762
2020 $20,226,038,370 $18,115,912,618 $14,960,251,608 $14,796,887,965
2021 $23,672,712,121 $19,454,976,126 $18,750,182,236 $16,560,125,448
2022 $24,534,663,636 $20,277,301,651 $20,321,150,599 $17,468,616,756
2023 $27,592,361,498 $20,681,710,969 $19,411,266,967 $18,029,021,881
2024 $29,613,572,023 $21,296,271,622 $19,402,063,513 $17,489,977,782

Economic indicators

Bosnia Botswana
Gross domestic product
$29.6B
2024
$19.4B
2024
GDP rank
111/197
2024
133/197
2024
GDP growth
7.33%
2023-2024
-0.05%
2023-2024
GDP per capita
$9,359
2024
$7,696
2024
GDP per capita rank
87/197
2024
97/197
2024
GDP per capita, PPP
$22,956
2024
$20,538
2024
Government debt
$9.7B
2024
$6.36B
2024
Debt-to-GDP ratio
35.7%
2026
50.3%
2026
Government debt per person
$3,065
2024
$2,523
2024
Government debt per person rank
99/185
2024
110/185
2024
Average annual personal income after taxes
$8,350
2026
$4,596
2026
Market capitalization of domestic companies n/a
$3.59B
2023
Income share by richest 10%
25.1%
2011
42.9%
2015
Income share by poorest 10%
2.9%
2011
1.4%
2015
Government expenditure, % of GDP
44.6%
2026
33.4%
2026
Consumer prices inflation
2.6%
2025-2026
2.82%
2023-2024
Central bank interest rate n/a
1.9%
2024
Unemployment rate
10.7%
2023
24.4%
2024
Population
3114242
2603835

GDP per capita in Bosnia and Herzegovina vs Botswana

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $7,696 in Botswana, ranking 97/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 85th at $22,956, while Botswana ranks 95th at $20,538.

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Botswana
GDP per capita

GDP per capita, PPP
Year Current $
Bosnia Botswana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $58.9 -
1961 - - $62.3 -
1962 - - $66 -
1963 - - $68.9 -
1964 - - $73.5 -
1965 - - $79.7 -
1966 - - $89.1 -
1967 - - $100.9 -
1968 - - $113.4 -
1969 - - $131.8 -
1970 - - $163 -
1971 - - $212.2 -
1972 - - $264.2 -
1973 - - $374 -
1974 - - $446 -
1975 - - $493 -
1976 - - $490 -
1977 - - $565 -
1978 - - $695 -
1979 - - $909 -
1980 - - $1,132 -
1981 - - $1,107 -
1982 - - $1,006 -
1983 - - $1,121 -
1984 - - $1,145 -
1985 - - $994 -
1986 - - $1,200 -
1987 - - $1,639 -
1988 - - $2,141 -
1989 - - $2,428 -
1990 $1,743 $1,043 $2,903 $6,104
1991 $1,373 $975 $2,939 $6,598
1992 $1,118 $982 $3,005 $6,753
1993 $930 $1,067 $2,929 $6,847
1994 $337 $1,269 $2,917 $7,049
1995 $502 $1,507 $3,156 $7,503
1996 $719 $2,268 $3,156 $7,890
1997 $914 $3,040 $3,194 $8,497
1998 $1,007 $3,523 $2,981 $8,441
1999 $1,135 $3,874 $3,340 $9,188
2000 $1,338 $4,147 $3,451 $9,380
2001 $1,388 $4,307 $3,206 $9,420
2002 $1,607 $4,665 $3,117 $9,958
2003 $2,034 $4,918 $4,230 $10,439
2004 $2,453 $5,408 $4,957 $10,818
2005 $2,740 $5,956 $5,391 $11,458
2006 $3,166 $6,871 $5,292 $12,563
2007 $3,931 $7,686 $5,529 $13,389
2008 $4,842 $8,587 $5,503 $13,810
2009 $4,540 $8,694 $5,083 $11,686
2010 $4,506 $9,087 $6,216 $12,753
2011 $4,983 $9,762 $7,287 $13,635
2012 $4,694 $10,121 $6,596 $12,737
2013 $5,035 $10,808 $6,667 $13,621
2014 $5,206 $11,168 $7,122 $15,003
2015 $4,662 $11,849 $6,141 $14,144
2016 $4,929 $12,899 $6,749 $16,228
2017 $5,345 $13,627 $7,105 $15,701
2018 $6,048 $14,858 $7,408 $15,786
2019 $6,122 $16,428 $7,172 $15,960
2020 $6,130 $16,370 $6,323 $15,292
2021 $7,295 $18,287 $7,808 $17,961
2022 $7,656 $21,117 $8,329 $19,977
2023 $8,663 $22,512 $7,826 $21,012
2024 $9,359 $22,956 $7,696 $20,538

Spending and national debt comparison

In 2024, Bosnia and Herzegovina's government spending was $12.7B, accounting for 44.6% of its GDP, while Botswana's spent $6.74B, or 33.4% of GDP.

Debt-to-GDP ratio is 35.7% in Bosnia and Herzegovina and 50.3% in Botswana, ranking 142/185 and 109/185, respectively.

Bosnia and Herzegovina
Government spending

Government debt
Botswana
Government spending

Government debt
Year % of GDP
Bosnia Botswana
Government spending Government debt Government spending Government debt
1990 - - 40.5% -
1991 - - 42.3% -
1992 - - 43.4% -
1993 - - 44.2% -
1994 - - 39.2% -
1995 - - 38.1% -
1996 - - 37.2% -
1997 - - 40% -
1998 54.4% 54.4% 44.3% 12%
1999 57.5% 56% 41.7% 9.68%
2000 56.2% 34.6% 39.8% 8.37%
2001 50.2% 35.1% 42.9% 7.61%
2002 47.4% 31.1% 46% 8.55%
2003 47.3% 27.6% 44% 7.29%
2004 45.6% 25.5% 42% 11.3%
2005 44.5% 24.9% 35% 7.74%
2006 44.2% 20.6% 34.1% 6.32%
2007 45.2% 18.2% 38.3% 6.12%
2008 48.4% 30.3% 48% 7.77%
2009 49% 36.4% 54.5% 23.5%
2010 48.7% 42.2% 44.7% 27.9%
2011 46.4% 40.9% 37.4% 28.1%
2012 46.9% 43.6% 38.3% 27.3%
2013 44.5% 43.8% 34.8% 24.7%
2014 46.2% 47.1% 36.4% 23.9%
2015 42.7% 46.4% 39.7% 25.7%
2016 41.5% 44.9% 34.2% 22.4%
2017 40% 38.6% 35% 19.8%
2018 40.4% 34.9% 35.9% 19.8%
2019 39.9% 33.2% 36.4% 21.3%
2020 45.4% 37.1% 38.5% 24.8%
2021 40.6% 35.6% 33% 23.4%
2022 39.4% 31% 29.5% 21.3%
2023 41.6% 31.6% 32.3% 22.5%
2024 43% 32.8% 34.7% 32.8%
2025 44.9% 33.8% 34.9% 43.8%
2026 44.6% 35.7% 33.4% 50.3%

Government deficit by year

In 2024, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was -$485M, equivalent to -1.64% of GDP. This compares to Botswana's deficit of -$2B, or -10.3% of GDP.

Over the past 26 years, Bosnia and Herzegovina recorded a fiscal deficit in 18 of those years, while Botswana ran a deficit in 16 years. On average, Bosnia and Herzegovina posted an annual deficit equal to -1.43% of GDP, compared to deficit of -1.05% of GDP for Botswana.

Deficit/surplus
Bosnia and Herzegovina

Botswana
Year Deficit/surplus, % of GDP
Bosnia Botswana
1998 -0.98% -
1999 -2.78% 6.18%
2000 -4.63% 8.95%
2001 -3.44% -2.96%
2002 -2.99% -4.02%
2003 -0.44% -0.18%
2004 -0.18% 1.42%
2005 0.74% 10.7%
2006 2.08% 13.7%
2007 0.17% 5.92%
2008 -3.82% -7.59%
2009 -5.34% -14.4%
2010 -4.06% -8.36%
2011 -2.73% -0.12%
2012 -2.68% 0.92%
2013 -1.28% 6.07%
2014 -2.87% 3.88%
2015 -0.19% -5.06%
2016 0.34% 0.72%
2017 1.79% -1.16%
2018 1.63% -5.07%
2019 1.37% -8.43%
2020 -4.5% -11.5%
2021 -0.18% -2.46%
2022 0.15% -0.006%
2023 -1.67% -4.18%
2024 -1.64% -10.3%
2025 -2.19% -11.2%
2026 -2.35% -9.47%

Inflation comparison by year

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 6.7% in Botswana. In 2024, inflation was 2.6% in Bosnia and Herzegovina and 2.82% in Botswana.

Inflation
Bosnia and Herzegovina

Botswana
Year Inflation
Bosnia Botswana
1997 5.7% 8.72%
1998 -0.3% 6.66%
1999 2.8% 7.75%
2000 5% 8.6%
2001 3.2% 6.56%
2002 0.3% 8.03%
2003 0.5% 9.19%
2004 0.3% 6.95%
2005 3.6% 8.61%
2006 6.1% 11.6%
2007 1.5% 7.08%
2008 7.4% 12.7%
2009 -0.4% 8.03%
2010 2.1% 6.95%
2011 4% 8.46%
2012 2.1% 7.54%
2013 -0.1% 5.88%
2014 -0.9% 4.4%
2015 -1% 3.06%
2016 -1.6% 2.81%
2017 0.8% 3.31%
2018 1.4% 3.24%
2019 0.6% 2.77%
2020 -1.1% 1.89%
2021 2% 7.24%
2022 14% 11.7%
2023 6.1% 5.07%
2024 1.7% 2.82%
2025 4% -
2026 2.6% -

Top exports between countries

Bosnia
Export category Export value
Botswana
Export category Export value
Miscellaneous $1K

Balance of trade

Bosnia Botswana
Current account balance
-$1.03B
2024
-$821M
2024
Current account balance ranking
123/190
2024
118/190
2024
Current account balance, % of GDP
-3.47%
2024
-4.23%
2024
Goods imports
$14.8B
2024
$6.86B
2024
Goods exports
$8.36B
2024
$4.66B
2024
Service imports
$1.27B
2024
$1.29B
2024
Service exports
$3.74B
2024
$935M
2024
Imports of goods and services, % of GDP
54.3%
2024
43.7%
2024
Exports of goods and services, % of GDP
40.9%
2024
27.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Bosnia Botswana
Economic freedom 63.5 69.9
Economic freedom ranking 77/197 36/197
Property rights 48.3 74.1
Government integrity 36.2 60.1
Judicial effectiveness 33.9 70.5
Tax burden 93.6 84.9
Government spending 51.2 70.8
Fiscal health 97.9 90.4
Business freedom 67.1 70.6
Labor freedom 66.2 60.7
Monetary freedom 72.5 68.3
Trade freedom 70 78.8
Investment freedom 65 50
Financial freedom 60 60

Economic freedom by year comparison

The Economic Freedom Index for Bosnia and Herzegovina is 63.5, ranking 77/197, compared to 69.9 for Botswana, ranking 36/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bosnia and Herzegovina
Botswana
Year Economic freedom index
Bosnia Botswana
1995 - 56.8
1996 - 61.6
1997 - 59.1
1998 29.4 62.8
1999 29.4 62.9
2000 45.1 65.8
2001 36.6 66.8
2002 37.4 66.2
2003 40.6 68.6
2004 44.7 69.9
2005 48.8 69.3
2006 55.6 68.8
2007 54.4 68.1
2008 53.9 68.2
2009 53.1 69.7
2010 56.2 70.3
2011 57.5 68.8
2012 57.3 69.6
2013 57.3 70.6
2014 58.4 72
2015 59 69.8
2016 58.6 71.1
2017 60.2 70.1
2018 61.4 69.9
2019 61.9 69.5
2020 62.6 69.6
2021 62.9 67.6
2022 63.4 64.8
2023 62.9 64.9
2024 62 68
2025 63.5 69.9

More economic indicators

Bosnia Botswana
Services, % of GDP
56.6%
2024
63.5%
2024
Industry, % of GDP
22.4%
2024
29.4%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
1.71%
2024
GNI, Atlas method
$27.8B
2024
$19.5B
2024
GNI per capita, PPP
$22,910
2024
$20,570
2024
Total reserves including gold
$9.42B
2024
$3.46B
2024
Total reserves ranking
79/177
2024
113/177
2024
Net foreign direct investment
-$885M
2024
-$464M
2024
Net inflows of foreign direct investment
$1B
2024
$467M
2024
Net outflows of foreign direct investment
$119M
2024
$3.02M
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
1.42%
2024
Poverty at national poverty lines
16.9%
2015
16.1%
2015
Gross capital formation, % of GDP
27.5%
2024
36%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.