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Economy of Bosnia and Herzegovina vs Central African Republic compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $28.3B compared to $2.75B for the Central African Republic, ranking 111/197 and 171/197 by economy size, respectively.

Bosnia and Herzegovina has $9.28B in government debt (33.8% of GDP), compared to $1.67B (58.3% of GDP) in the Central African Republic.

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 $
Central African Republic
GDP, current $

GDP, constant 2015 $
Year GDP
Bosnia CAR
Current $ Constant $ Current $ Constant $
1960 - - $112,155,598 $980,371,514
1961 - - $123,134,583 $1,028,934,744
1962 - - $124,482,774 $990,722,164
1963 - - $129,379,124 $983,717,651
1964 - - $142,025,079 $1,004,182,172
1965 - - $150,574,795 $1,013,697,588
1966 - - $157,930,018 $1,020,233,745
1967 - - $163,820,514 $1,067,946,130
1968 - - $191,767,442 $1,082,941,303
1969 - - $188,039,210 $1,159,738,546
1970 - - $189,106,529 $1,186,793,864
1971 - - $201,450,800 $1,200,207,037
1972 - - $230,317,883 $1,200,196,629
1973 - - $271,183,082 $1,222,867,623
1974 - - $281,398,706 $1,300,385,612
1975 - - $378,660,016 $1,305,652,006
1976 - - $451,152,461 $1,376,581,800
1977 - - $507,298,148 $1,428,977,737
1978 - - $610,578,632 $1,446,257,442
1979 - - $700,764,748 $1,410,605,203
1980 - - $797,048,199 $1,347,429,290
1981 - - $694,803,623 $1,326,618,708
1982 - - $748,312,391 $1,428,977,737
1983 - - $658,679,333 $1,312,851,667
1984 - - $637,820,670 $1,437,332,673
1985 - - $864,849,836 $1,493,779,883
1986 - - $1,122,265,013 $1,547,227,017
1987 - - $1,200,991,978 $1,470,809,662
1988 - - $1,264,899,288 $1,495,962,938
1989 - - $1,233,930,281 $1,525,542,171
1990 $7,753,478,261 $3,519,825,382 $1,440,711,459 $1,492,780,725
1991 $6,122,959,184 $3,190,791,226 $1,377,374,987 $1,484,532,469
1992 $4,735,044,707 $2,985,402,939 $1,411,917,553 $1,389,164,943
1993 $3,630,668,950 $2,920,280,897 $1,278,781,262 $1,393,822,475
1994 $1,255,802,469 $3,245,365,559 $851,174,357 $1,462,119,071
1995 $1,866,572,954 $3,763,595,298 $1,115,389,674 $1,567,392,310
1996 $2,786,045,322 $5,803,437,611 $1,007,791,127 $1,504,695,161
1997 $3,671,909,673 $7,929,882,642 $937,741,513 $1,584,443,042
1998 $4,116,774,301 $9,247,541,639 $967,338,390 $1,658,914,120
1999 $4,686,256,363 $10,128,052,807 $999,477,511 $1,718,634,612
2000 $5,567,772,769 $10,676,417,585 $916,777,283 $1,675,850,365
2001 $5,800,615,466 $10,935,140,619 $932,648,605 $1,750,672,710
2002 $6,728,220,887 $11,484,898,712 $996,068,145 $1,813,986,527
2003 $8,498,894,359 $11,929,035,686 $1,142,315,523 $1,716,076,873
2004 $10,156,541,538 $12,683,578,945 $1,272,360,517 $1,818,953,694
2005 $11,222,796,337 $13,177,880,591 $1,337,894,379 $1,835,473,623
2006 $12,864,841,906 $13,891,331,517 $1,461,859,762 $1,923,045,638
2007 $15,778,734,264 $14,704,964,355 $1,699,811,295 $2,011,650,636
2008 $19,112,796,623 $15,505,477,768 $1,993,407,888 $2,052,972,574
2009 $17,613,949,091 $15,039,622,522 $2,067,381,665 $2,229,266,676
2010 $17,176,315,804 $15,169,815,911 $2,142,591,540 $2,332,499,968
2011 $18,644,233,537 $15,315,372,001 $2,437,982,705 $2,430,339,369
2012 $17,226,735,996 $15,189,504,687 $2,510,126,512 $2,553,162,919
2013 $18,179,108,531 $15,546,436,275 $1,691,544,110 $1,624,016,454
2014 $18,558,733,564 $15,725,819,000 $1,894,813,389 $1,625,333,053
2015 $16,404,348,871 $16,404,348,871 $1,695,825,714 $1,695,825,714
2016 $17,116,926,328 $16,936,219,728 $1,825,018,145 $1,776,382,809
2017 $18,326,373,366 $17,485,647,794 $2,072,349,973 $1,856,804,601
2018 $20,484,053,869 $18,154,910,825 $2,220,979,146 $1,927,167,164
2019 $20,482,608,755 $18,679,105,434 $2,221,301,351 $1,986,909,346
2020 $20,226,036,564 $18,115,912,632 $2,326,720,900 $2,004,791,530
2021 $23,672,712,242 $19,454,671,754 $2,516,498,412 $2,024,497,026
2022 $24,534,663,636 $20,276,983,961 $2,382,618,615 $2,033,686,257
2023 $27,592,361,388 $20,681,387,157 $2,555,492,086 $2,047,921,418
2024 $28,343,394,203 $21,194,295,296 $2,751,544,520 $2,079,451,881

Economic indicators

Bosnia CAR
Gross domestic product
$28.3B
2024
$2.75B
2024
GDP rank
111/197
2024
171/197
2024
GDP growth
2.72%
2023-2024
7.67%
2023-2024
GDP per capita
$8,957
2024
$516
2024
GDP per capita rank
90/197
2024
194/197
2024
GDP per capita, PPP
$21,971
2024
$1,264
2024
Government debt
$9.28B
2024
$1.67B
2024
Debt-to-GDP ratio
33.8%
2025
58.3%
2025
Government debt per person
$2,934
2024
$313
2024
Government debt per person rank
102/185
2024
178/185
2024
Average annual personal income after taxes
$8,350
2025
$1,261
2025
Income share by richest 10%
25.1%
2011
33.1%
2021
Income share by poorest 10%
2.9%
2011
2.1%
2021
Government expenditure, % of GDP
44.9%
2025
17.9%
2025
Consumer prices inflation
4%
2024-2025
4.6%
2024-2025
Unemployment rate
10.7%
2023
6.9%
2017
Population
3140094
5662456

GDP per capita in Bosnia and Herzegovina vs Central African Republic

Bosnia and Herzegovina's GDP per capita is $8,957, ranking 90/197, compared to $516 in the Central African Republic, ranking 194/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 88th at $21,971, while the Central African Republic ranks 195th at $1,264.

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Central African Republic
GDP per capita

GDP per capita, PPP
Year Current $
Bosnia CAR
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $65.9 -
1961 - - $71 -
1962 - - $70.4 -
1963 - - $71.8 -
1964 - - $77.2 -
1965 - - $80.2 -
1966 - - $82.3 -
1967 - - $83.6 -
1968 - - $95.6 -
1969 - - $91.7 -
1970 - - $90.2 -
1971 - - $94.1 -
1972 - - $105.5 -
1973 - - $121.8 -
1974 - - $124 -
1975 - - $163.6 -
1976 - - $192.1 -
1977 - - $213.8 -
1978 - - $254.6 -
1979 - - $289.1 -
1980 - - $325 -
1981 - - $280.3 -
1982 - - $298.4 -
1983 - - $259.6 -
1984 - - $248.3 -
1985 - - $333 -
1986 - - $426 -
1987 - - $450 -
1988 - - $466 -
1989 - - $443 -
1990 $1,743 $1,043 $502 $620
1991 $1,373 $975 $465 $618
1992 $1,118 $982 $462 $573
1993 $930 $1,067 $405 $570
1994 $337 $1,269 $261.3 $592
1995 $502 $1,507 $333 $631
1996 $719 $2,268 $293.3 $601
1997 $914 $3,040 $265.5 $626
1998 $1,007 $3,523 $266.6 $645
1999 $1,135 $3,874 $268 $660
2000 $1,338 $4,147 $239.2 $640
2001 $1,388 $4,307 $238 $668
2002 $1,607 $4,665 $248.6 $688
2003 $2,034 $4,918 $278.4 $648
2004 $2,453 $5,408 $303 $690
2005 $2,740 $5,956 $312 $702
2006 $3,166 $6,871 $334 $743
2007 $3,931 $7,686 $381 $783
2008 $4,842 $8,587 $437 $798
2009 $4,540 $8,694 $456 $877
2010 $4,506 $9,087 $477 $936
2011 $4,983 $9,762 $534 $980
2012 $4,694 $10,121 $544 $1,062
2013 $5,035 $10,808 $364 $710
2014 $5,206 $11,168 $410 $699
2015 $4,662 $11,849 $366 $769
2016 $4,929 $12,899 $387 $826
2017 $5,345 $13,627 $432 $884
2018 $6,048 $14,858 $455 $906
2019 $6,122 $16,428 $449 $985
2020 $6,130 $16,370 $463 $1,066
2021 $7,295 $18,287 $492 $1,129
2022 $7,656 $21,117 $467 $1,218
2023 $8,663 $22,512 $496 $1,257
2024 $8,957 $21,971 $516 $1,264

Spending and national debt comparison

In 2024, Bosnia and Herzegovina's government spending was $12.2B, accounting for 44.9% of its GDP, while the Central African Republic's spent $538M, or 17.9% of GDP.

Debt-to-GDP ratio is 33.8% in Bosnia and Herzegovina and 58.3% in the Central African Republic, ranking 151/185 and 87/185, respectively.

Bosnia and Herzegovina
Government spending

Government debt
Central African Republic
Government spending

Government debt
Year % of GDP
Bosnia CAR
Government spending Government debt Government spending Government debt
1988 - - 21.4% 48.8%
1989 - - 19.6% 50.9%
1990 - - 22% 44.6%
1991 - - 22.6% 55.8%
1992 - - 23.1% 57.4%
1993 - - 20.6% 68.2%
1994 - - 22.4% 103.4%
1995 - - 20.6% 83.8%
1996 - - 11.7% 93%
1997 - - 14.5% 96.1%
1998 54.4% 54.4% 18.1% 85.3%
1999 57.5% 56% 18.2% 84.2%
2000 56.2% 34.6% 17.2% 94.7%
2001 50.2% 35.1% 14.1% 103.1%
2002 47.4% 31.1% 16.7% 98.5%
2003 47.3% 27.6% 12.3% 95.9%
2004 45.6% 25.5% 13.1% 99.7%
2005 44.5% 24.9% 16.2% 103%
2006 44.2% 20.6% 13.4% 46.7%
2007 45.2% 18.2% 12.9% 47.9%
2008 48.4% 30.3% 16% 35.8%
2009 49% 36.4% 16% 20.3%
2010 48.7% 42.2% 17.3% 19.9%
2011 46.4% 40.9% 14.2% 19.7%
2012 46.9% 43.6% 14.7% 31.5%
2013 44.5% 43.8% 13.4% 51.8%
2014 46.2% 47.1% 18% 62.2%
2015 42.7% 46.4% 14% 59.8%
2016 41.5% 44.9% 12.1% 53.9%
2017 40% 38.6% 13.9% 50.3%
2018 40.4% 34.9% 17.6% 50%
2019 39.9% 33.2% 16.9% 48.2%
2020 45.4% 37.1% 25.1% 44.4%
2021 40.6% 35.6% 19.7% 48.5%
2022 39.4% 31% 17.6% 51%
2023 41.6% 31.6% 18.1% 58.2%
2024 43% 32.8% 19.5% 60.7%
2025 44.9% 33.8% 17.9% 58.3%

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 the Central African Republic's deficit of -$137M, or -4.98% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while the Central African Republic ran a deficit in 22 years. On average, Bosnia and Herzegovina posted an annual deficit equal to -1.41% of GDP, compared to deficit of -1.44% of GDP for the Central African Republic.

Deficit/surplus
Bosnia and Herzegovina

Central African Republic
Year Deficit/surplus, % of GDP
Bosnia CAR
1988 - -3.72%
1989 - -3.25%
1990 - -6.6%
1991 - -8%
1992 - -7.33%
1993 - -5.66%
1994 - -7.57%
1995 - -4.84%
1996 - -1.06%
1997 - -1.57%
1998 -0.98% 0.001%
1999 -2.78% -0.5%
2000 -4.63% -2.01%
2001 -3.44% -0.88%
2002 -2.99% -1.19%
2003 -0.44% -3.06%
2004 -0.18% -1.74%
2005 0.74% -4.37%
2006 2.08% 8.58%
2007 0.17% 1.04%
2008 -3.82% -1.23%
2009 -5.34% -0.54%
2010 -4.06% -1.35%
2011 -2.73% -2.15%
2012 -2.68% -0.78%
2013 -1.28% -2.3%
2014 -2.87% -3.26%
2015 -0.19% -0.59%
2016 0.34% 1.28%
2017 1.79% -1.06%
2018 1.63% -0.97%
2019 1.37% 1.42%
2020 -4.5% -3.36%
2021 -0.18% -6.02%
2022 0.15% -5.34%
2023 -1.67% -3.59%
2024 -1.64% -4.98%
2025 -2.19% -1.62%

Inflation comparison by year

Over the past 30 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 1.94%, compared with 3.4% in the Central African Republic. In 2025, inflation was 4% in Bosnia and Herzegovina and 4.6% in the Central African Republic.

Inflation
Bosnia and Herzegovina

Central African Republic
Year Inflation
Bosnia CAR Bosnia CAR
1996 -11.7% 3.8%
1997 5.7% 1.6%
1998 -0.3% -2%
1999 2.8% -1.6%
2000 5% 3.4%
2001 3.2% 4.1%
2002 0.3% 2.3%
2003 0.5% 4.4%
2004 0.3% -2.6%
2005 3.6% 2.9%
2006 6.1% 6.9%
2007 1.5% 0.9%
2008 7.4% 9.2%
2009 -0.4% 3.6%
2010 2.1% 1.5%
2011 4% 1.2%
2012 2.1% 5.9%
2013 -0.1% 4%
2014 -0.9% 17.8%
2015 -1% 1.4%
2016 -1.6% 4.9%
2017 0.8% 4.2%
2018 1.4% 1.6%
2019 0.6% 2.8%
2020 -1.1% 0.9%
2021 2% 4.3%
2022 14% 5.6%
2023 6.1% 3%
2024 1.7% 1.5%
2025 4% 4.6%

Balance of trade

Bosnia CAR
Current account balance
-$1.03B
2024
-$24.7M
1994
Current account balance ranking
122/189
2024
78/189
1994
Current account balance, % of GDP
-3.63%
2024
-2.9%
1994
Goods imports
$14.8B
2024
$131M
1994
Goods exports
$8.36B
2024
$146M
1994
Service imports
$1.27B
2024
$114M
1994
Service exports
$3.74B
2024
$33.1M
1994
Imports of goods and services, % of GDP
57.2%
2024
32.4%
2024
Exports of goods and services, % of GDP
42.8%
2024
15.5%
2024

Economic freedom indices

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

Bosnia CAR
Economic freedom 63.5 42.8
Economic freedom ranking 77/197 184/197
Property rights 48.3 6.9
Government integrity 36.2 19.6
Judicial effectiveness 33.9 4
Tax burden 93.6 65.5
Government spending 51.2 89.8
Fiscal health 97.9 53.8
Business freedom 67.1 27.1
Labor freedom 66.2 48.3
Monetary freedom 72.5 72.8
Trade freedom 70 50.4
Investment freedom 65 45
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 42.8 for the Central African Republic, ranking 184/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bosnia and Herzegovina
Central African Republic
Year Economic freedom index
Bosnia CAR
1998 29.4 -
1999 29.4 -
2000 45.1 -
2001 36.6 -
2002 37.4 59.8
2003 40.6 60
2004 44.7 57.5
2005 48.8 56.5
2006 55.6 54.2
2007 54.4 50.6
2008 53.9 48.6
2009 53.1 48.3
2010 56.2 48.4
2011 57.5 49.3
2012 57.3 50.3
2013 57.3 50.4
2014 58.4 46.7
2015 59 45.9
2016 58.6 45.2
2017 60.2 51.8
2018 61.4 49.2
2019 61.9 49.1
2020 62.6 50.7
2021 62.9 48.8
2022 63.4 45.7
2023 62.9 43.8
2024 62 41.3
2025 63.5 42.8

More economic indicators

Bosnia CAR
Services, % of GDP
58%
2024
40.5%
2024
Industry, % of GDP
22%
2024
17.8%
2024
Agriculture, forestry, and fishing, % of GDP
4.25%
2024
32.5%
2024
GNI, Atlas method
$27.3B
2024
$2.75B
2024
GNI per capita, PPP
$21,900
2024
$1,340
2024
Total reserves including gold
$9.42B
2024
$480M
2023
Total reserves ranking
79/177
2024
158/177
2023
Net foreign direct investment
-$885M
2024
$3.6M
1994
Net inflows of foreign direct investment
$1B
2024
$40.4M
2024
Net outflows of foreign direct investment
$119M
2024
$1.29K
2002
Servicing debt to the IMF, % of GNI
6.11%
2023
1.41%
2023
Poverty at national poverty lines
16.9%
2015
68.8%
2021
Gross capital formation, % of GDP
30.8%
2024
15.4%
2024

GDP per capita map

GDP per capita

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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.