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Economy of Bosnia and Herzegovina vs Costa Rica compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $95.4B for Costa Rica, ranking 111/197 and 73/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $57B (59.8% of GDP) in Costa Rica.

Bosnia and Herzegovina vs Costa Rica GDP by year

Bosnia and Herzegovina
Costa Rica
1x
Year GDP, current $
Bosnia Costa Rica
2024 $29,613,572,023 $95,350,423,177
2023 $27,592,361,498 $86,497,941,439
2022 $24,534,663,636 $69,243,626,029
2021 $23,672,712,121 $64,960,725,734
2020 $20,226,038,370 $62,395,610,760
2019 $20,482,608,984 $64,417,670,521
2018 $20,484,058,033 $62,420,164,992
2017 $18,326,373,136 $60,516,044,657
2016 $17,116,926,554 $58,847,019,610
2015 $16,404,348,361 $56,441,920,821
2014 $18,558,734,107 $52,016,408,854
2013 $18,179,109,209 $50,949,668,842
2012 $17,226,735,996 $47,231,655,432
2011 $18,644,233,537 $42,762,613,699
2010 $17,176,315,804 $37,658,616,952
2009 $17,613,949,091 $30,745,714,313
2008 $19,112,796,623 $30,801,745,700
2007 $15,778,734,264 $26,884,700,709
2006 $12,864,841,906 $22,715,540,324
2005 $11,222,796,337 $20,040,642,477
2004 $10,156,541,221 $18,610,594,846
2003 $8,498,894,359 $17,271,760,507
2002 $6,728,220,983 $16,578,820,687
2001 $5,800,615,375 $15,976,174,337
2000 $5,567,772,769 $15,013,629,662
1999 $4,686,256,363 $14,254,866,285
1998 $4,116,774,301 $13,684,255,947
1997 $3,671,909,673 $12,614,602,382
1996 $2,786,045,322 $11,678,424,507
1995 $1,866,572,954 $11,578,594,260
1994 $1,255,802,469 $10,489,903,725
1993 $3,630,668,950 $9,564,815,975
1992 $4,735,044,707 $8,579,754,758
1991 $6,122,959,184 $7,215,725,487
1990 $7,753,478,261 $5,711,687,787
1989 - $5,251,025,767
1988 - $4,614,629,898
1987 - $4,532,952,047
1986 - $4,418,983,871
1985 - $3,919,203,960
1984 - $3,660,477,856
1983 - $3,146,772,631
1982 - $2,606,623,555
1981 - $2,623,803,096
1980 - $4,831,447,001
1979 - $4,035,519,323
1978 - $3,523,208,810
1977 - $3,072,427,013
1976 - $2,412,555,426
1975 - $1,960,863,466
1974 - $1,666,544,754
1973 - $1,528,925,846
1972 - $1,238,251,696
1971 - $1,077,147,538
1970 - $984,830,158
1969 - $853,630,204
1968 - $773,841,494
1967 - $699,456,619
1966 - $647,305,630
1965 - $592,981,162
1964 - $542,578,367
1963 - $511,902,137
1962 - $479,180,824
1961 - $490,325,182
1960 - $507,513,830

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bosnia-and-herzegovina/costa-rica | CC BY

GDP per capita in Bosnia and Herzegovina vs Costa Rica by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Costa Rica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Costa Rica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $18,587 $31,107
2023 $8,663 $23,376 $16,942 $28,909
2022 $7,656 $21,651 $13,626 $26,226
2021 $7,295 $18,287 $12,838 $23,853
2020 $6,130 $16,370 $12,394 $22,100
2019 $6,122 $16,429 $12,885 $23,340
2018 $6,048 $14,859 $12,590 $21,498
2017 $5,345 $13,627 $12,317 $20,499
2016 $4,929 $12,899 $12,091 $19,202
2015 $4,662 $11,845 $11,715 $17,525
2014 $5,206 $11,168 $10,911 $16,394
2013 $5,035 $10,808 $10,803 $15,232
2012 $4,694 $10,121 $10,127 $14,464
2011 $4,983 $9,761 $9,276 $13,614
2010 $4,506 $9,086 $8,266 $12,928
2009 $4,540 $8,698 $6,833 $12,274
2008 $4,842 $8,587 $6,937 $12,472
2007 $3,931 $7,686 $6,138 $11,842
2006 $3,166 $6,869 $5,257 $10,800
2005 $2,740 $5,956 $4,703 $9,899
2004 $2,453 $5,407 $4,431 $9,365
2003 $2,034 $4,917 $4,173 $8,863
2002 $1,607 $4,665 $4,068 $8,461
2001 $1,388 $4,307 $3,985 $8,190
2000 $1,338 $4,148 $3,813 $7,879
1999 $1,135 $3,875 $3,691 $7,563
1998 $1,007 $3,524 $3,617 $7,306
1997 $914 $3,041 $3,408 $6,890
1996 $719 $2,269 $3,227 $6,568
1995 $502 $1,507 $3,275 $6,515
1994 $337 $1,269 $3,040 $6,276
1993 $930 $1,067 $2,840 $6,025
1992 $1,118 $982 $2,612 $5,635
1991 $1,373 $975 $2,253 $5,175
1990 $1,743 $1,043 $1,830 $5,021
1989 - - $1,725 -
1988 - - $1,555 -
1987 - - $1,567 -
1986 - - $1,569 -
1985 - - $1,429 -
1984 - - $1,372 -
1983 - - $1,213 -
1982 - - $1,032 -
1981 - - $1,068 -
1980 - - $2,021 -
1979 - - $1,735 -
1978 - - $1,556 -
1977 - - $1,393 -
1976 - - $1,123 -
1975 - - $937 -
1974 - - $817 -
1973 - - $769 -
1972 - - $639 -
1971 - - $570 -
1970 - - $536 -
1969 - - $477 -
1968 - - $445 -
1967 - - $414 -
1966 - - $395 -
1965 - - $374 -
1964 - - $354 -
1963 - - $346 -
1962 - - $335 -
1961 - - $356 -
1960 - - $382 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bosnia-and-herzegovina/costa-rica | CC BY

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $18,587 in Costa Rica, ranking 62/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Costa Rica ranks 72nd at $31,107.

Economic indicators

Bosnia Costa Rica
Gross domestic product
$29.6B
2024
$95.4B
2024
GDP rank
111/197
2024
73/197
2024
GDP growth
2.97%
2023-2024
4.32%
2023-2024
GDP per capita
$9,359
2024
$18,587
2024
GDP per capita rank
87/197
2024
62/197
2024
GDP per capita, PPP
$25,043
2024
$31,107
2024
GDP per capita PPP rank
83/197
2024
72/197
2024
Government debt
$8.74B
2024
$57B
2024
Debt-to-GDP ratio
29.5%
2024
59.8%
2024
Government debt per person
$2,763
2024
$11,106
2024
Government debt per person rank
107/185
2024
50/185
2024
Average annual personal income after taxes
$8,501
2026
$12,150
2026
Market capitalization of domestic companies n/a
$2.23B
2022
Income share by richest 10%
25.1%
2011
34.2%
2024
Income share by poorest 10%
2.9%
2011
1.7%
2024
Government expenditure, % of GDP
43.3%
2024
18.9%
2024
Consumer prices inflation
1.7%
2023-2024
-0.41%
2023-2024
Central bank interest rate n/a
3.5%
2025
Unemployment rate
10.7%
2024
6.94%
2024
Population
3116111
5181862

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Costa Rica
Spending

Debt
1x
Year % of GDP
Bosnia Costa Rica
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 18.9% 59.8%
2023 41.7% 29% 18.5% 61.1%
2022 39.4% 31.2% 19.2% 63%
2021 40.6% 35.8% 20.8% 67.6%
2020 45.4% 37.2% 22.3% 66.9%
2019 39.9% 32.8% 21.7% 56.4%
2018 40.4% 34.5% 18.9% 51.8%
2017 40% 38.6% 19.2% 47.1%
2016 41.5% 44.9% 18.8% 44.1%
2015 42.7% 46.4% 18.8% 39.8%
2014 46.2% 47.1% 18.4% 37.4%
2013 44.5% 43.8% 18.5% 35.1%
2012 46.9% 43.6% 17.3% 33.7%
2011 46.4% 40.9% 17.2% 29.5%
2010 48.7% 42.2% 18% 28.1%
2009 49% 36.4% 16.7% 26%
2008 48.4% 30.3% 15.2% 24%
2007 45.2% 18.2% 14.6% 27%
2006 44.2% 20.6% 15.2% 33%
2005 44.5% 24.9% 15.9% 37.3%
2004 45.6% 25.5% 17% 41%
2003 47.3% 27.6% 17.6% 40.6%
2002 47.4% 31.1% 18.6% 41.4%
2001 50.2% 35.1% 17.3% 39.6%
2000 56.2% 34.6% 16.9% 38.9%
1999 57.5% 56% 16.7% 39%
1998 54.4% 54.4% 16% 40.7%
1997 - - 16.3% 30.6%
1996 - - 17.3% 33.7%
1995 - - 16.4% 29.1%
1994 - - 17.4% 27%
1993 - - 13.8% 24.4%
1992 - - 13.7% 23.3%
1991 - - 14% 28.4%
1990 - - 18.9% 18.5%
1989 - - 26.1% 19.3%
1988 - - 24.5% 18.2%
1987 - - 27.2% 21.2%
1986 - - 26.4% 26.1%
1985 - - 21.8% 22.8%
1984 - - 22.8% 25.2%
1983 - - 23.6% 29.8%
1982 - - 18.4% 31.8%
1981 - - 21% 32.3%
1980 - - 25% 37.7%
1979 - - 24.9% 39.5%
1978 - - 23.2% 41.7%
1977 - - 19.3% 27.8%
1976 - - 20.1% 29.5%
1975 - - 19.1% 26.1%
1974 - - 18.3% 30.3%
1973 - - 18.4% 32.8%
1972 - - 17.2% 31.8%
1971 - - 17.5% 30.4%
1970 - - 14.9% 28.6%
1969 - - 14.5% 26.1%
1968 - - 13.8% 27.7%
1967 - - 14.7% 26.7%
1966 - - 14.3% 24.8%
1965 - - 13.8% 24.1%
1964 - - 13.5% 22.7%
1963 - - 13.3% 21.8%
1962 - - 14% 19.7%
1961 - - 13.2% 20.3%
1960 - - 12.5% 16.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/costa-rica | CC BY

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Costa Rica spent $18B, or 18.9% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 59.8% in Costa Rica, ranking 159/185 and 79/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Costa Rica
1x
Year Deficit/surplus, % of GDP
Bosnia Costa Rica
2024 -1.88% -3.78%
2023 -1.67% -3.25%
2022 0.15% -2.81%
2021 -0.18% -5.09%
2020 -4.5% -8.38%
2019 1.37% -6.68%
2018 1.63% -5.66%
2017 1.79% -5.88%
2016 0.34% -5.09%
2015 -0.19% -5.52%
2014 -2.87% -5.45%
2013 -1.28% -5.25%
2012 -2.68% -4.22%
2011 -2.73% -3.91%
2010 -4.06% -4.96%
2009 -5.34% -3.25%
2008 -3.82% 0.18%
2007 0.17% 0.56%
2006 2.08% -1.04%
2005 0.74% -2.09%
2004 -0.18% -3.42%
2003 -0.44% -3.43%
2002 -2.99% -4.99%
2001 -3.44% -3.47%
2000 -4.63% -3.68%
1999 -2.78% -2.88%
1998 -0.98% -2.96%
1997 - -3.39%
1996 - -4.32%
1995 - -3.68%
1994 - -5.46%
1993 - -1.52%
1992 - -1.51%
1991 - -2.41%
1990 - -4.4%
1989 - -1.55%
1988 - 0.57%
1987 - -2.57%
1986 - -4.26%
1985 - -1.06%
1984 - -0.5%
1983 - -1.84%
1982 - -0.94%
1981 - -3.14%
1980 - -7.24%
1979 - -6.6%
1978 - -4.12%
1977 - -2.63%
1976 - -2.42%
1975 - -1.13%
1974 - 0.26%
1973 - -2.41%
1972 - -4.54%
1971 - -4.72%
1970 - -1.41%
1969 - -1.61%
1968 - -1.72%
1967 - -3.03%
1966 - -2.12%
1965 - -1.71%
1964 - -1.51%
1963 - -2.01%
1962 - -1.99%
1961 - -0.71%
1960 - -0.19%
1959 - 0.49%
1958 - 0%
1957 - 0.3%
1956 - 0.05%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1956–1989, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/costa-rica | CC BY

In 2024, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was $557M, equivalent to 1.88% of GDP. This compares to Costa Rica's deficit of $3.61B, or 3.78% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Costa Rica ran a deficit in 25 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 3.94% of GDP for Costa Rica.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Costa Rica
1x
Year Consumer prices inflation
Bosnia Costa Rica
2024 1.7% -0.41%
2023 6.1% 0.53%
2022 14% 8.27%
2021 2% 1.73%
2020 -1.1% 0.72%
2019 0.6% 2.1%
2018 1.4% 2.22%
2017 0.8% 1.63%
2016 -1.6% -0.02%
2015 -1% 0.8%
2014 -0.9% 4.52%
2013 -0.1% 5.23%
2012 2.1% 4.5%
2011 4% 4.88%
2010 2.1% 5.66%
2009 -0.4% 7.84%
2008 7.4% 13.4%
2007 1.5% 9.36%
2006 6.1% 11.5%
2005 3.6% 13.8%
2004 0.3% 12.3%
2003 0.5% 9.45%
2002 0.3% 9.17%
2001 3.2% 11.3%
2000 5% 11%
1999 2.8% 10%
1998 -0.3% 11.7%
1997 5.7% 13.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/bosnia-and-herzegovina/costa-rica | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 6.66% in Costa Rica. In 2024, inflation was 1.7% in Bosnia and Herzegovina and -0.41% in Costa Rica.

Top exports between countries

Bosnia
Export category Export value
Metals $37K
Machinery & equipment $6K
Wood & paper products $1K
Costa Rica
Export category Export value
Textiles & consumer goods $1K

Balance of trade

Bosnia Costa Rica
Current account balance
-$1.03B
2024
-$1.25B
2024
Current account balance ranking
123/190
2024
129/190
2024
Current account balance, % of GDP
-3.47%
2024
-1.31%
2024
Goods imports
$14.8B
2024
$23.1B
2024
Goods exports
$8.36B
2024
$20.6B
2024
Service imports
$1.27B
2024
$7.58B
2024
Service exports
$3.74B
2024
$16.3B
2024
Imports of goods and services, % of GDP
54.3%
2024
32.8%
2024
Exports of goods and services, % of GDP
40.9%
2024
38.5%
2024

Economic freedom indices

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

Bosnia Costa Rica
Economic freedom 63.1 69.1
Economic freedom ranking 83/197 43/197
Property rights 46.9 66
Government integrity 36.8 64.1
Judicial effectiveness 36.1 76.9
Tax burden 93.9 78.6
Government spending 48.4 89.3
Fiscal health 96.2 75.6
Business freedom 65.1 79.9
Labor freedom 62.7 55.9
Monetary freedom 77.5 78.2
Trade freedom 69 75
Investment freedom 65 50
Financial freedom 60 40

Economic freedom comparison by year

Bosnia and Herzegovina
Costa Rica
1x
Year Economic freedom index
Bosnia Costa Rica
2026 63.1 69.1
2025 63.5 68.6
2024 62 67.7
2023 62.9 66.5
2022 63.4 65.4
2021 62.9 64.2
2020 62.6 65.8
2019 61.9 65.3
2018 61.4 65.6
2017 60.2 65
2016 58.6 67.4
2015 59 67.2
2014 58.4 66.9
2013 57.3 67
2012 57.3 68
2011 57.5 67.3
2010 56.2 65.9
2009 53.1 66.4
2008 53.9 64.2
2007 54.4 64
2006 55.6 65.9
2005 48.8 66.1
2004 44.7 66.4
2003 40.6 67
2002 37.4 67.5
2001 36.6 67.6
2000 45.1 68.4
1999 29.4 67.4
1998 29.4 65.6
1997 - 65.6
1996 - 66.4
1995 - 68

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/bosnia-and-herzegovina/costa-rica | CC BY

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 69.1 for Costa Rica, ranking 43/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Costa Rica
Services, % of GDP
56.6%
2024
68.8%
2024
Industry, % of GDP
22.4%
2024
19.7%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
3.56%
2024
GNI, Atlas method
$27.8B
2024
$80.2B
2024
GNI per capita, PPP
$24,990
2024
$28,840
2024
Total reserves including gold
$9.42B
2024
$14.2B
2024
Total reserves ranking
79/177
2024
70/177
2024
Net foreign direct investment
-$885M
2024
-$4.96B
2024
Net inflows of foreign direct investment
$1B
2024
$5.3B
2024
Net outflows of foreign direct investment
$119M
2024
$337M
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
6.31%
2023
Poverty at national poverty lines
16.9%
2015
20.3%
2024
Gross capital formation, % of GDP
27.5%
2024
15.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/bosnia-and-herzegovina/costa-rica | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1956–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.