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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $28.3B compared to $2.16B for Burundi, ranking 111/197 and 177/197 by economy size, respectively.

Bosnia and Herzegovina has $9.28B in government debt (33.8% of GDP), compared to $934M (35.3% of GDP) in Burundi.

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 $
Burundi
GDP, current $

GDP, constant 2015 $
Year GDP
Bosnia Burundi
Current $ Constant $ Current $ Constant $
1960 - - $195,999,990 $798,536,036
1961 - - $202,999,992 $688,768,194
1962 - - $213,500,006 $751,192,344
1963 - - $232,749,998 $782,257,208
1964 - - $260,750,008 $831,328,499
1965 - - $158,994,963 $864,309,176
1966 - - $165,444,571 $904,179,697
1967 - - $178,297,143 $1,029,151,062
1968 - - $183,200,000 $1,026,085,389
1969 - - $190,205,714 $1,011,109,250
1970 - - $242,732,571 $1,226,735,080
1971 - - $252,842,286 $1,260,431,391
1972 - - $246,804,571 $1,179,713,807
1973 - - $304,339,524 $1,260,984,889
1974 - - $345,263,492 $1,251,819,552
1975 - - $420,986,667 $1,260,556,254
1976 - - $448,412,754 $1,360,677,964
1977 - - $547,535,556 $1,516,740,284
1978 - - $610,225,556 $1,502,474,189
1979 - - $782,496,667 $1,527,489,708
1980 - - $919,726,667 $1,542,627,982
1981 - - $969,046,667 $1,730,262,074
1982 - - $1,013,222,222 $1,712,032,036
1983 - - $1,082,926,304 $1,775,639,625
1984 - - $987,143,931 $1,778,401,526
1985 - - $1,149,979,286 $1,987,953,782
1986 - - $1,201,725,497 $2,052,565,867
1987 - - $1,131,466,494 $2,165,520,540
1988 - - $1,082,403,219 $2,274,468,406
1989 - - $1,113,924,130 $2,305,162,408
1990 $7,753,478,261 $3,519,825,382 $1,132,101,253 $2,385,838,992
1991 $6,122,959,184 $3,190,791,226 $1,167,398,478 $2,505,055,464
1992 $4,735,044,707 $2,985,402,939 $1,083,037,671 $2,530,356,484
1993 $3,630,668,950 $2,920,280,897 $938,632,612 $2,372,462,239
1994 $1,255,802,469 $3,245,365,559 $925,030,590 $2,281,596,935
1995 $1,866,572,954 $3,763,595,298 $1,000,428,394 $2,100,894,458
1996 $2,786,045,322 $5,803,437,611 $869,033,856 $1,932,822,901
1997 $3,671,909,673 $7,929,882,642 $972,896,268 $1,902,091,017
1998 $4,116,774,301 $9,247,541,639 $893,770,740 $1,992,440,341
1999 $4,686,256,363 $10,128,052,807 $808,077,223 $1,972,316,693
2000 $5,567,772,769 $10,676,417,585 $870,486,066 $1,955,416,620
2001 $5,800,615,466 $10,935,140,619 $876,794,723 $1,995,616,214
2002 $6,728,220,887 $11,484,898,712 $825,394,519 $2,084,351,677
2003 $8,498,894,359 $11,929,035,686 $784,654,424 $2,058,844,882
2004 $10,156,541,538 $12,683,578,945 $915,257,323 $2,158,362,398
2005 $11,222,796,337 $13,177,880,591 $1,117,113,080 $2,177,787,659
2006 $12,864,841,906 $13,891,331,517 $1,273,375,078 $2,295,688,883
2007 $15,778,734,264 $14,704,964,355 $1,356,199,387 $2,374,934,883
2008 $19,112,796,623 $15,505,477,768 $1,611,835,857 $2,490,397,481
2009 $17,613,949,091 $15,039,622,522 $1,781,455,140 $2,585,349,995
2010 $17,176,315,804 $15,169,815,911 $2,032,135,192 $2,717,827,465
2011 $18,644,233,537 $15,315,372,001 $2,235,820,809 $2,827,426,576
2012 $17,226,735,996 $15,189,504,687 $2,333,341,334 $2,953,153,932
2013 $18,179,108,531 $15,546,436,275 $2,451,606,632 $3,098,572,840
2014 $18,558,733,564 $15,725,819,000 $2,705,783,330 $3,229,972,475
2015 $16,404,348,871 $16,404,348,871 $3,104,003,546 $3,104,003,546
2016 $17,116,926,328 $16,936,219,728 $2,644,487,777 $3,085,379,497
2017 $18,326,373,366 $17,485,647,794 $2,723,586,963 $3,100,806,433
2018 $20,484,053,869 $18,154,910,825 $2,667,182,200 $3,150,727,414
2019 $20,482,608,755 $18,679,105,434 $2,576,518,880 $3,207,836,407
2020 $20,226,036,564 $18,115,912,632 $2,649,680,261 $3,218,331,065
2021 $23,672,712,242 $19,454,671,754 $2,775,798,697 $3,318,099,328
2022 $24,534,663,636 $20,276,983,961 $3,338,722,828 $3,379,450,966
2023 $27,592,361,388 $20,681,387,157 $2,629,391,600 $3,469,531,570
2024 $28,343,394,203 $21,194,295,296 $2,162,378,759 $3,590,591,567

Economic indicators

Bosnia Burundi
Gross domestic product
$28.3B
2024
$2.16B
2024
GDP rank
111/197
2024
177/197
2024
GDP growth
2.72%
2023-2024
-17.8%
2023-2024
GDP per capita
$8,957
2024
$153.9
2024
GDP per capita rank
90/197
2024
197/197
2024
GDP per capita, PPP
$21,971
2024
$950
2024
Government debt
$9.28B
2024
$934M
2024
Debt-to-GDP ratio
33.8%
2025
35.3%
2025
Government debt per person
$2,934
2024
$66.5
2024
Government debt per person rank
102/185
2024
184/185
2024
Average annual personal income after taxes
$8,350
2025
$1,071
2025
Income share by richest 10%
25.1%
2011
29.9%
2020
Income share by poorest 10%
2.9%
2011
2.9%
2020
Government expenditure, % of GDP
44.9%
2025
23.5%
2025
Consumer prices inflation
4%
2024-2025
20.2%
2023-2024
Unemployment rate
10.7%
2023
1.03%
2020
Population
3140094
14662443

GDP per capita in Bosnia and Herzegovina vs Burundi

Bosnia and Herzegovina's GDP per capita is $8,957, ranking 90/197, compared to $153.9 in Burundi, ranking 197/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 88th at $21,971, while Burundi ranks 197th at $950.

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Burundi
GDP per capita

GDP per capita, PPP
Year Current $
Bosnia Burundi
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $70.9 -
1961 - - $71.6 -
1962 - - $73.4 -
1963 - - $78.4 -
1964 - - $85.3 -
1965 - - $50.6 -
1966 - - $51.4 -
1967 - - $54 -
1968 - - $54.2 -
1969 - - $55.1 -
1970 - - $68.8 -
1971 - - $69.9 -
1972 - - $68.2 -
1973 - - $84.3 -
1974 - - $93.2 -
1975 - - $110.9 -
1976 - - $115.5 -
1977 - - $137.4 -
1978 - - $148.8 -
1979 - - $186.2 -
1980 - - $209.8 -
1981 - - $212.2 -
1982 - - $216.4 -
1983 - - $225.2 -
1984 - - $200.4 -
1985 - - $228.4 -
1986 - - $234.3 -
1987 - - $215.6 -
1988 - - $201.7 -
1989 - - $203.6 -
1990 $1,743 $1,043 $202.6 $598
1991 $1,373 $975 $204.7 $636
1992 $1,118 $982 $184.9 $640
1993 $930 $1,067 $165.3 $634
1994 $337 $1,269 $161.9 $618
1995 $502 $1,507 $164.9 $548
1996 $719 $2,268 $143.2 $513
1997 $914 $3,040 $160.3 $513
1998 $1,007 $3,523 $144.5 $533
1999 $1,135 $3,874 $127.5 $523
2000 $1,338 $4,147 $134.5 $519
2001 $1,388 $4,307 $132.2 $528
2002 $1,607 $4,665 $121 $545
2003 $2,034 $4,918 $111.4 $532
2004 $2,453 $5,408 $125.2 $551
2005 $2,740 $5,956 $147.2 $553
2006 $3,166 $6,871 $161.9 $580
2007 $3,931 $7,686 $166.2 $593
2008 $4,842 $8,587 $189.5 $609
2009 $4,540 $8,694 $199.1 $604
2010 $4,506 $9,087 $216.7 $614
2011 $4,983 $9,762 $230.1 $629
2012 $4,694 $10,121 $231.7 $639
2013 $5,035 $10,808 $234.8 $687
2014 $5,206 $11,168 $250.5 $724
2015 $4,662 $11,849 $281 $797
2016 $4,929 $12,899 $235.3 $772
2017 $5,345 $13,627 $236.7 $761
2018 $6,048 $14,858 $224.9 $753
2019 $6,122 $16,428 $210.2 $779
2020 $6,130 $16,370 $210 $787
2021 $7,295 $18,287 $214.1 $837
2022 $7,656 $21,117 $250.6 $889
2023 $8,663 $22,512 $192.1 $920
2024 $8,957 $21,971 $153.9 $950

Spending and national debt comparison

In 2024, Bosnia and Herzegovina's government spending was $12.2B, accounting for 44.9% of its GDP, while Burundi's spent $490M, or 23.5% of GDP.

Debt-to-GDP ratio is 33.8% in Bosnia and Herzegovina and 35.3% in Burundi, ranking 151/185 and 147/185, respectively.

Bosnia and Herzegovina
Government spending

Government debt
Burundi
Government spending

Government debt
Year % of GDP
Bosnia Burundi
Government spending Government debt Government spending Government debt
1990 - - 20.3% -
1991 - - 22.4% -
1992 - - 30.4% 93.5%
1993 - - 28% 112%
1994 - - 22.6% 119.6%
1995 - - 25.7% 117.1%
1996 - - 28.4% 139.4%
1997 - - 21.9% 122.8%
1998 54.4% 54.4% 23.2% 138.9%
1999 57.5% 56% 23.6% 140.6%
2000 56.2% 34.6% 24.6% 136.4%
2001 50.2% 35.1% 25.4% 127.4%
2002 47.4% 31.1% 24.1% 159.1%
2003 47.3% 27.6% 36.5% 172%
2004 45.6% 25.5% 40.8% 172.7%
2005 44.5% 24.9% 33.1% 137%
2006 44.2% 20.6% 36.5% 130.3%
2007 45.2% 18.2% 39% 129.6%
2008 48.4% 30.3% 41.2% 102.5%
2009 49% 36.4% 38% 25.7%
2010 48.7% 42.2% 40.8% 46.9%
2011 46.4% 40.9% 42.2% 42.7%
2012 46.9% 43.6% 37.5% 41.4%
2013 44.5% 43.8% 34.8% 37.9%
2014 46.2% 47.1% 28.5% 38%
2015 42.7% 46.4% 23.2% 39.9%
2016 41.5% 44.9% 22.6% 46.1%
2017 40% 38.6% 24.1% 46.9%
2018 40.4% 34.9% 26% 53%
2019 39.9% 33.2% 28.8% 60.1%
2020 45.4% 37.1% 29.4% 65.9%
2021 40.6% 35.6% 30.3% 66.5%
2022 39.4% 31% 33.5% 68.3%
2023 41.6% 31.6% 28.3% 47.2%
2024 43% 32.8% 22.7% 43.2%
2025 44.9% 33.8% 23.5% 35.3%

Government deficit by year

In 2024, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was -$465M, equivalent to -1.64% of GDP. This compares to Burundi's deficit of -$109M, or -5.02% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Burundi ran a deficit in 27 years. On average, Bosnia and Herzegovina posted an annual deficit equal to -1.41% of GDP, compared to deficit of -6.56% of GDP for Burundi.

Deficit/surplus
Bosnia and Herzegovina

Burundi
Year Deficit/surplus, % of GDP
Bosnia Burundi
1990 - 9.47%
1991 - 4.82%
1992 - -4.85%
1993 - -1.42%
1994 - -2.05%
1995 - -4.33%
1996 - -10%
1997 - -5.22%
1998 -0.98% -5.16%
1999 -2.78% -6.14%
2000 -4.63% -6.43%
2001 -3.44% -8.72%
2002 -2.99% -5.38%
2003 -0.44% -14.7%
2004 -0.18% -15.5%
2005 0.74% -10.6%
2006 2.08% -9.92%
2007 0.17% -2.51%
2008 -3.82% -2.7%
2009 -5.34% -5.14%
2010 -4.06% -3.64%
2011 -2.73% -3.49%
2012 -2.68% -3.79%
2013 -1.28% -1.9%
2014 -2.87% -3.93%
2015 -0.19% -7.56%
2016 0.34% -7.11%
2017 1.79% -5.01%
2018 1.63% -6.66%
2019 1.37% -6.4%
2020 -4.5% -6.33%
2021 -0.18% -5.24%
2022 0.15% -10.6%
2023 -1.67% -7.45%
2024 -1.64% -5.02%
2025 -2.19% -6.55%

Inflation comparison by year

Over the past 29 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 1.87%, compared with 11.6% in Burundi. In 2024, inflation was 4% in Bosnia and Herzegovina and 20.2% in Burundi.

Inflation
Bosnia and Herzegovina

Burundi
Year Inflation
Bosnia Burundi Bosnia Burundi
1996 -11.7% 26.4%
1997 5.7% 31.1%
1998 -0.3% 12.5%
1999 2.8% 3.39%
2000 5% 24.4%
2001 3.2% 9.3%
2002 0.3% -1.37%
2003 0.5% 10.6%
2004 0.3% 8.18%
2005 3.6% 13.3%
2006 6.1% 2.75%
2007 1.5% 8.41%
2008 7.4% 24.4%
2009 -0.4% 10.6%
2010 2.1% 6.49%
2011 4% 9.59%
2012 2.1% 18.2%
2013 -0.1% 7.94%
2014 -0.9% 4.41%
2015 -1% 5.54%
2016 -1.6% 5.56%
2017 0.8% 16.1%
2018 1.4% -2.81%
2019 0.6% -0.69%
2020 -1.1% 7.32%
2021 2% 8.4%
2022 14% 18.8%
2023 6.1% 26.9%
2024 1.7% 20.2%
2025 4% -

Top exports between countries

Bosnia
Export category Export value
Weapons & explosives $1.34M
Burundi
Export category Export value
Chemicals & pharma $60K
Machinery & equipment $3K

Balance of trade

Bosnia Burundi
Current account balance
-$1.03B
2024
-$626M
2023
Current account balance ranking
122/189
2024
107/189
2023
Current account balance, % of GDP
-3.63%
2024
-23.8%
2023
Goods imports
$14.8B
2024
$1.07B
2023
Goods exports
$8.36B
2024
$259M
2023
Service imports
$1.27B
2024
$365M
2023
Service exports
$3.74B
2024
$119M
2023
Imports of goods and services, % of GDP
57.2%
2024
24.4%
2023
Exports of goods and services, % of GDP
42.8%
2024
5.29%
2023

Economic freedom indices

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

Bosnia Burundi
Economic freedom 63.5 39.7
Economic freedom ranking 77/197 187/197
Property rights 48.3 28.6
Government integrity 36.2 14.2
Judicial effectiveness 33.9 7.4
Tax burden 93.6 76.1
Government spending 51.2 71.1
Fiscal health 97.9 12.2
Business freedom 67.1 31.9
Labor freedom 66.2 50
Monetary freedom 72.5 54.4
Trade freedom 70 50.8
Investment freedom 65 50
Financial freedom 60 30

Economic freedom by year comparison

The Economic Freedom Index for Bosnia and Herzegovina is 63.5, ranking 77/197, compared to 39.7 for Burundi, ranking 187/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bosnia and Herzegovina
Burundi
Year Economic freedom index
Bosnia Burundi
1997 - 45.4
1998 29.4 44.7
1999 29.4 41.1
2000 45.1 42.6
2001 36.6 -
2002 37.4 -
2003 40.6 -
2004 44.7 -
2005 48.8 -
2006 55.6 48.7
2007 54.4 46.9
2008 53.9 46.2
2009 53.1 48.8
2010 56.2 47.5
2011 57.5 49.6
2012 57.3 48.1
2013 57.3 49
2014 58.4 51.4
2015 59 53.7
2016 58.6 53.9
2017 60.2 53.2
2018 61.4 50.9
2019 61.9 48.9
2020 62.6 49
2021 62.9 49.9
2022 63.4 39.4
2023 62.9 41.9
2024 62 38.4
2025 63.5 39.7

More economic indicators

Bosnia Burundi
Services, % of GDP
58%
2024
49%
2023
Industry, % of GDP
22%
2024
9.63%
2023
Agriculture, forestry, and fishing, % of GDP
4.25%
2024
25.3%
2023
GNI, Atlas method
$27.3B
2024
$2.71B
2024
GNI per capita, PPP
$21,900
2024
$950
2024
Total reserves including gold
$9.42B
2024
$90.3M
2023
Total reserves ranking
79/177
2024
174/177
2023
Net foreign direct investment
-$885M
2024
-$33M
2023
Net inflows of foreign direct investment
$1B
2024
$31.7M
2024
Net outflows of foreign direct investment
$119M
2024
$8.55M
2024
Servicing debt to the IMF, % of GNI
6.11%
2023
1.68%
2023
Poverty at national poverty lines
16.9%
2015
51%
2020
Gross capital formation, % of GDP
30.8%
2024
13.1%
2023

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.