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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $28.3B compared to $18.7T for China, ranking 111/197 and 2/197 by economy size, respectively.

Bosnia and Herzegovina has $9.28B in government debt (33.8% of GDP), compared to $16.6T (96.3% of GDP) in China.

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 $
China
GDP, current $

GDP, constant 2015 $
Year GDP
Bosnia China
Current $ Constant $ Current $ Constant $
1960 - - $59,846,235,025 $161,023,131,028
1961 - - $50,162,299,350 $117,112,123,191
1962 - - $47,310,737,754 $110,577,266,728
1963 - - $50,812,227,919 $121,966,725,197
1964 - - $59,821,862,703 $144,140,275,830
1965 - - $70,565,994,356 $168,572,052,589
1966 - - $76,854,053,259 $186,524,976,187
1967 - - $73,011,350,596 $175,762,485,054
1968 - - $70,980,323,819 $168,556,223,190
1969 - - $79,847,786,729 $197,109,647,392
1970 - - $92,752,930,873 $235,151,809,332
1971 - - $99,959,013,880 $251,753,527,067
1972 - - $113,871,930,714 $261,345,336,449
1973 - - $138,764,340,892 $281,625,734,560
1974 - - $144,418,433,058 $288,131,289,037
1975 - - $163,687,619,736 $313,256,337,433
1976 - - $154,196,810,059 $308,338,212,930
1977 - - $175,226,595,860 $331,679,415,654
1978 - - $149,788,617,886 $369,245,353,261
1979 - - $178,573,913,043 $397,275,966,893
1980 - - $191,487,500,000 $428,399,142,253
1981 - - $196,218,253,968 $450,302,166,910
1982 - - $205,480,916,031 $491,096,319,837
1983 - - $231,130,268,199 $543,778,042,482
1984 - - $260,442,857,143 $626,609,364,484
1985 - - $310,064,625,850 $710,797,305,027
1986 - - $301,310,144,928 $774,307,505,788
1987 - - $273,455,156,951 $864,345,705,903
1988 - - $312,888,888,889 $961,347,723,725
1989 - - $348,380,566,802 $1,001,785,223,304
1990 $7,753,478,261 $3,519,825,382 $361,560,229,446 $1,041,271,896,196
1991 $6,122,959,184 $3,190,791,226 $384,510,452,962 $1,138,752,669,459
1992 $4,735,044,707 $2,985,402,939 $428,502,354,788 $1,301,589,870,245
1993 $3,630,668,950 $2,920,280,897 $446,557,291,212 $1,482,889,338,699
1994 $1,255,802,469 $3,245,365,559 $566,929,539,493 $1,676,743,149,158
1995 $1,866,572,954 $3,763,595,298 $738,190,896,228 $1,861,735,071,148
1996 $2,786,045,322 $5,803,437,611 $868,523,936,530 $2,047,465,483,837
1997 $3,671,909,673 $7,929,882,642 $967,753,570,435 $2,237,626,840,760
1998 $4,116,774,301 $9,247,541,639 $1,037,134,141,760 $2,414,864,610,328
1999 $4,686,256,363 $10,128,052,807 $1,103,843,203,576 $2,601,702,759,079
2000 $5,567,772,769 $10,676,417,585 $1,223,754,919,971 $2,825,096,197,800
2001 $5,800,615,466 $10,935,140,619 $1,355,036,590,252 $3,059,936,242,479
2002 $6,728,220,887 $11,484,898,712 $1,489,821,682,051 $3,342,778,183,071
2003 $8,498,894,359 $11,929,035,686 $1,683,903,309,844 $3,681,006,926,651
2004 $10,156,541,538 $12,683,578,945 $1,984,196,551,300 $4,053,944,733,454
2005 $11,222,796,337 $13,177,880,591 $2,317,551,298,052 $4,518,455,387,849
2006 $12,864,841,906 $13,891,331,517 $2,791,498,472,804 $5,091,154,930,758
2007 $15,778,734,264 $14,704,964,355 $3,604,055,822,572 $5,811,552,614,974
2008 $19,112,796,623 $15,505,477,768 $4,667,346,414,522 $6,373,544,042,638
2009 $17,613,949,091 $15,039,622,522 $5,189,577,094,998 $6,972,829,250,985
2010 $17,176,315,804 $15,169,815,911 $6,192,564,874,453 $7,711,689,202,853
2011 $18,644,233,537 $15,315,372,001 $7,671,757,207,851 $8,441,318,020,902
2012 $17,226,735,996 $15,189,504,687 $8,673,664,713,189 $9,104,482,675,356
2013 $18,179,108,531 $15,546,436,275 $9,743,124,247,267 $9,812,695,262,901
2014 $18,558,733,564 $15,725,819,000 $10,674,533,168,257 $10,544,908,798,424
2015 $16,404,348,871 $16,404,348,871 $11,280,814,787,469 $11,280,814,787,469
2016 $17,116,926,328 $16,936,219,728 $11,456,024,084,962 $12,045,152,668,727
2017 $18,326,373,366 $17,485,647,794 $12,537,559,062,283 $12,875,216,222,853
2018 $20,484,053,869 $18,154,910,825 $14,147,765,772,964 $13,745,158,275,137
2019 $20,482,608,755 $18,679,105,434 $14,560,167,101,283 $14,579,283,528,148
2020 $20,226,036,564 $18,115,912,632 $14,996,414,166,715 $14,920,466,234,565
2021 $23,672,712,242 $19,454,671,754 $18,201,698,719,564 $16,199,162,892,909
2022 $24,534,663,636 $20,276,983,961 $18,316,765,021,690 $16,706,875,253,649
2023 $27,592,361,388 $20,681,387,157 $18,270,356,654,533 $17,611,526,369,127
2024 $28,343,394,203 $21,194,295,296 $18,743,803,170,827 $18,488,114,837,769

Economic indicators

Bosnia China
Gross domestic product
$28.3B
2024
$18.7T
2024
GDP rank
111/197
2024
2/197
2024
GDP growth
2.72%
2023-2024
2.59%
2023-2024
GDP per capita
$8,957
2024
$13,303
2024
GDP per capita rank
90/197
2024
76/197
2024
GDP per capita, PPP
$21,971
2024
$27,105
2024
Government debt
$9.28B
2024
$16.6T
2024
Debt-to-GDP ratio
33.8%
2025
96.3%
2025
Government debt per person
$2,934
2024
$11,750
2024
Government debt per person rank
102/185
2024
48/185
2024
Average annual personal income after taxes
$8,350
2025
$9,060
2025
Market capitalization of domestic companies n/a
$11.8T
2024
Number of millionaires n/a
6,013,282
2024
Number of billionaires n/a
450
2025
Income share by richest 10%
25.1%
2011
28.4%
2022
Income share by poorest 10%
2.9%
2011
3.1%
2022
Government expenditure, % of GDP
44.9%
2025
33.7%
2025
Consumer prices inflation
4%
2024-2025
0%
2024-2025
Central bank interest rate n/a
3.1%
2024
Unemployment rate
10.7%
2023
5.11%
2021
Population
3140094
1405773318

GDP per capita in Bosnia and Herzegovina vs China

Bosnia and Herzegovina's GDP per capita is $8,957, ranking 90/197, compared to $13,303 in China, ranking 76/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 88th at $21,971, while China ranks 77th at $27,105.

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
China
GDP per capita

GDP per capita, PPP
Year Current $
Bosnia China
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $89.7 -
1961 - - $76 -
1962 - - $71.1 -
1963 - - $74.5 -
1964 - - $85.7 -
1965 - - $98.7 -
1966 - - $104.5 -
1967 - - $96.8 -
1968 - - $91.6 -
1969 - - $100.3 -
1970 - - $113.3 -
1971 - - $118.8 -
1972 - - $132.1 -
1973 - - $157.3 -
1974 - - $160.4 -
1975 - - $178.6 -
1976 - - $165.7 -
1977 - - $185.7 -
1978 - - $156.7 -
1979 - - $184.3 -
1980 - - $195.1 -
1981 - - $197.4 -
1982 - - $203.7 -
1983 - - $225.9 -
1984 - - $251.2 -
1985 - - $295 -
1986 - - $282.4 -
1987 - - $252.3 -
1988 - - $284 -
1989 - - $311 -
1990 $1,743 $1,043 $319 $991
1991 $1,373 $975 $334 $1,105
1992 $1,118 $982 $368 $1,276
1993 $930 $1,067 $379 $1,471
1994 $337 $1,269 $476 $1,680
1995 $502 $1,507 $613 $1,884
1996 $719 $2,268 $713 $2,088
1997 $914 $3,040 $787 $2,297
1998 $1,007 $3,523 $835 $2,483
1999 $1,135 $3,874 $881 $2,690
2000 $1,338 $4,147 $969 $2,964
2001 $1,388 $4,307 $1,065 $3,258
2002 $1,607 $4,665 $1,164 $3,591
2003 $2,034 $4,918 $1,307 $4,007
2004 $2,453 $5,408 $1,531 $4,505
2005 $2,740 $5,956 $1,778 $5,148
2006 $3,166 $6,871 $2,129 $5,946
2007 $3,931 $7,686 $2,735 $6,935
2008 $4,842 $8,587 $3,523 $7,713
2009 $4,540 $8,694 $3,898 $8,448
2010 $4,506 $9,087 $4,629 $9,411
2011 $4,983 $9,762 $5,704 $10,457
2012 $4,694 $10,121 $6,405 $11,420
2013 $5,035 $10,808 $7,147 $12,228
2014 $5,206 $11,168 $7,781 $12,942
2015 $4,662 $11,849 $8,175 $13,463
2016 $4,929 $12,899 $8,255 $14,157
2017 $5,345 $13,627 $8,980 $15,022
2018 $6,048 $14,858 $10,086 $16,298
2019 $6,122 $16,428 $10,343 $17,601
2020 $6,130 $16,370 $10,627 $18,267
2021 $7,295 $18,287 $12,887 $20,843
2022 $7,656 $21,117 $12,971 $23,032
2023 $8,663 $22,512 $12,951 $25,179
2024 $8,957 $21,971 $13,303 $27,105

Spending and national debt comparison

In 2024, Bosnia and Herzegovina's government spending was $12.2B, accounting for 44.9% of its GDP, while China's spent $6.18T, or 33.7% of GDP.

Debt-to-GDP ratio is 33.8% in Bosnia and Herzegovina and 96.3% in China, ranking 151/185 and 26/185, respectively.

Bosnia and Herzegovina
Government spending

Government debt
China
Government spending

Government debt
Year % of GDP
Bosnia China
Government spending Government debt Government spending Government debt
1982 - - 27.9% -
1983 - - 28.3% -
1984 - - 26.9% 0.97%
1985 - - 25.8% 3.31%
1986 - - 25.6% 3.24%
1987 - - 23.4% 3.6%
1988 - - 20.9% 4.46%
1989 - - 18.6% -
1990 - - 18.2% -
1991 - - 16.5% -
1992 - - 14.6% -
1993 - - 13.4% -
1994 - - 12.4% -
1995 - - 11.1% 21.4%
1996 - - 11% 21.2%
1997 - - 11.5% 20.4%
1998 54.4% 54.4% 12.6% 20.4%
1999 57.5% 56% 14.9% 21.6%
2000 56.2% 34.6% 16.1% 22.7%
2001 50.2% 35.1% 17.2% 24.3%
2002 47.4% 31.1% 18.2% 25.6%
2003 47.3% 27.6% 18% 26.4%
2004 45.6% 25.5% 17.6% 26%
2005 44.5% 24.9% 18% 25.9%
2006 44.2% 20.6% 18.1% 25.2%
2007 45.2% 18.2% 17.9% 28.7%
2008 48.4% 30.3% 22.2% 26.7%
2009 49% 36.4% 25.2% 34%
2010 48.7% 42.2% 24.7% 33.3%
2011 46.4% 40.9% 26.6% 33.2%
2012 46.9% 43.6% 27.7% 33.8%
2013 44.5% 43.8% 28.1% 36.4%
2014 46.2% 47.1% 28.4% 39.3%
2015 42.7% 46.4% 31% 40.8%
2016 41.5% 44.9% 31.7% 49.7%
2017 40% 38.6% 32% 53.9%
2018 40.4% 34.9% 32.6% 55.6%
2019 39.9% 33.2% 33.6% 59.4%
2020 45.4% 37.1% 34.8% 69%
2021 40.6% 35.6% 31.9% 70.1%
2022 39.4% 31% 32.6% 75.5%
2023 41.6% 31.6% 32.7% 82%
2024 43% 32.8% 32.9% 88.3%
2025 44.9% 33.8% 33.7% 96.3%

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 China's deficit of -$1.38T, or -7.34% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while China ran a deficit in 26 years. On average, Bosnia and Herzegovina posted an annual deficit equal to -1.41% of GDP, compared to deficit of -2.89% of GDP for China.

Deficit/surplus
Bosnia and Herzegovina

China
Year Deficit/surplus, % of GDP
Bosnia China
1982 - -1.33%
1983 - -1.61%
1984 - -1.44%
1985 - -0.45%
1986 - -1.82%
1987 - -2.08%
1988 - -2.22%
1989 - -0.91%
1990 - -0.72%
1991 - -1.04%
1992 - -1.22%
1993 - -0.89%
1994 - -1.68%
1995 - -0.94%
1996 - -0.73%
1997 - -0.73%
1998 -0.98% -1.08%
1999 -2.78% -2.3%
2000 -4.63% -2.81%
2001 -3.44% -2.56%
2002 -2.99% -2.84%
2003 -0.44% -2.36%
2004 -0.18% -1.49%
2005 0.74% -1.38%
2006 2.08% -1.13%
2007 0.17% 0.06%
2008 -3.82% -0.02%
2009 -5.34% -1.72%
2010 -4.06% -0.36%
2011 -2.73% -0.1%
2012 -2.68% -0.3%
2013 -1.28% -0.82%
2014 -2.87% -0.67%
2015 -0.19% -2.5%
2016 0.34% -3.33%
2017 1.79% -3.34%
2018 1.63% -4.2%
2019 1.37% -6%
2020 -4.5% -9.56%
2021 -0.18% -5.9%
2022 0.15% -7.32%
2023 -1.67% -6.71%
2024 -1.64% -7.34%
2025 -2.19% -8.57%

Inflation comparison by year

Over the past 30 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 1.94%, compared with 1.98% in China. In 2025, inflation was 4% in Bosnia and Herzegovina and 0% in China.

Inflation
Bosnia and Herzegovina

China
Year Inflation
Bosnia China Bosnia China
1996 -11.7% 8.3%
1997 5.7% 2.8%
1998 -0.3% -0.8%
1999 2.8% -1.4%
2000 5% 0.4%
2001 3.2% 0.7%
2002 0.3% -0.8%
2003 0.5% 1.1%
2004 0.3% 3.9%
2005 3.6% 1.8%
2006 6.1% 1.5%
2007 1.5% 4.7%
2008 7.4% 5.9%
2009 -0.4% -0.7%
2010 2.1% 3.3%
2011 4% 5.4%
2012 2.1% 2.6%
2013 -0.1% 2.7%
2014 -0.9% 2%
2015 -1% 1.5%
2016 -1.6% 2%
2017 0.8% 1.6%
2018 1.4% 2.1%
2019 0.6% 2.9%
2020 -1.1% 2.5%
2021 2% 0.9%
2022 14% 2%
2023 6.1% 0.2%
2024 1.7% 0.2%
2025 4% 0%

Top exports between countries

Bosnia
Export category Export value
Wood & paper products $18M
Raw materials & minerals $5.76M
Machinery & equipment $2.6M
IT & IP services $553K
Metals $466K
Textiles & consumer goods $357K
Transport & tourism services $118K
Chemicals & pharma $108K
Raw agricultural goods $85K
Processed food, beverages & tobacco $45K
China
Export category Export value
Machinery & equipment $175M
Textiles & consumer goods $38M
Metals $36.4M
Raw materials & minerals $12.6M
Chemicals & pharma $11.8M
Processed food, beverages & tobacco $6.26M
Miscellaneous $3.97M
Raw agricultural goods $2.29M
Wood & paper products $1.77M
Precious metals & jewellery $1.13M

Balance of trade

Bosnia China
Current account balance
-$1.03B
2024
$424B
2024
Current account balance ranking
122/189
2024
1/189
2024
Current account balance, % of GDP
-3.63%
2024
+2.26%
2024
Goods imports
$14.8B
2024
$2.64T
2024
Goods exports
$8.36B
2024
$3.41T
2024
Service imports
$1.27B
2024
$613B
2024
Service exports
$3.74B
2024
$384B
2024
Imports of goods and services, % of GDP
57.2%
2024
17.2%
2024
Exports of goods and services, % of GDP
42.8%
2024
20%
2024

Economic freedom indices

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

Bosnia China
Economic freedom 63.5 49
Economic freedom ranking 77/197 167/197
Property rights 48.3 46.7
Government integrity 36.2 40.4
Judicial effectiveness 33.9 37.4
Tax burden 93.6 71.6
Government spending 51.2 67.1
Fiscal health 97.9 11.1
Business freedom 67.1 67.7
Labor freedom 66.2 57.9
Monetary freedom 72.5 74.6
Trade freedom 70 74
Investment freedom 65 20
Financial freedom 60 20

Economic freedom by year comparison

The Economic Freedom Index for Bosnia and Herzegovina is 63.5, ranking 77/197, compared to 49 for China, ranking 167/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bosnia and Herzegovina
China
Year Economic freedom index
Bosnia China
1995 - 52
1996 - 51.3
1997 - 51.7
1998 29.4 53.1
1999 29.4 54.8
2000 45.1 56.4
2001 36.6 52.6
2002 37.4 52.8
2003 40.6 52.6
2004 44.7 52.5
2005 48.8 53.7
2006 55.6 53.6
2007 54.4 52
2008 53.9 53.1
2009 53.1 53.2
2010 56.2 51
2011 57.5 52
2012 57.3 51.2
2013 57.3 51.9
2014 58.4 52.5
2015 59 52.7
2016 58.6 52
2017 60.2 57.4
2018 61.4 57.8
2019 61.9 58.4
2020 62.6 59.5
2021 62.9 58.4
2022 63.4 48
2023 62.9 48.3
2024 62 48.5
2025 63.5 49

More economic indicators

Bosnia China
Services, % of GDP
58%
2024
56.7%
2024
Industry, % of GDP
22%
2024
36.5%
2024
Agriculture, forestry, and fishing, % of GDP
4.25%
2024
6.78%
2024
GNI, Atlas method
$27.3B
2024
$19.3T
2024
GNI per capita, PPP
$21,900
2024
$26,920
2024
Total reserves including gold
$9.42B
2024
$3.46T
2024
Total reserves ranking
79/177
2024
1/177
2024
Net foreign direct investment
-$885M
2024
$154B
2024
Net inflows of foreign direct investment
$1B
2024
$18.6B
2024
Net outflows of foreign direct investment
$119M
2024
$172B
2024
Servicing debt to the IMF, % of GNI
6.11%
2023
2.13%
2023
Poverty at national poverty lines
16.9%
2015
0%
2020
Gross capital formation, % of GDP
30.8%
2024
41.1%
2023

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.