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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $124B for the Dominican Republic, ranking 111/197 and 63/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $73.1B (58.8% of GDP) in the Dominican Republic.

Bosnia and Herzegovina vs Dominican Republic GDP by year

Bosnia and Herzegovina
Dominican Republic
1x
Year GDP, current $
Bosnia Dominican Republic
2024 $29,613,572,023 $124,282,245,639
2023 $27,592,361,498 $120,456,239,154
2022 $24,534,663,636 $113,478,087,135
2021 $23,672,712,121 $94,850,719,517
2020 $20,226,038,370 $78,546,672,407
2019 $20,482,608,984 $89,146,130,745
2018 $20,484,058,033 $84,994,732,049
2017 $18,326,373,136 $79,070,274,743
2016 $17,116,926,554 $75,552,902,636
2015 $16,404,348,361 $70,966,782,572
2014 $18,558,734,107 $67,014,329,100
2013 $18,179,109,209 $62,555,417,415
2012 $17,226,735,996 $60,561,635,556
2011 $18,644,233,537 $57,948,261,616
2010 $17,176,315,804 $53,801,053,353
2009 $17,613,949,091 $48,223,781,477
2008 $19,112,796,623 $48,091,433,554
2007 $15,778,734,264 $43,965,458,509
2006 $12,864,841,906 $37,879,830,084
2005 $11,222,796,337 $35,777,560,684
2004 $10,156,541,221 $22,322,387,382
2003 $8,498,894,359 $21,403,167,848
2002 $6,728,220,983 $27,137,440,786
2001 $5,800,615,375 $25,601,823,688
2000 $5,567,772,769 $24,305,780,629
1999 $4,686,256,363 $22,136,579,397
1998 $4,116,774,301 $21,672,215,547
1997 $3,671,909,673 $20,017,450,041
1996 $2,786,045,322 $18,241,622,548
1995 $1,866,572,954 $16,637,370,839
1994 $1,255,802,469 $14,644,734,599
1993 $3,630,668,950 $13,081,042,400
1992 $4,735,044,707 $11,605,382,504
1991 $6,122,959,184 $9,824,483,340
1990 $7,753,478,261 $7,073,675,545
1989 - $6,686,593,060
1988 - $5,374,299,981
1987 - $5,827,050,753
1986 - $6,122,128,558
1985 - $5,044,579,979
1984 - $11,594,000,000
1983 - $9,220,600,000
1982 - $8,267,400,000
1981 - $7,561,300,000
1980 - $6,761,300,000
1979 - $5,498,800,000
1978 - $4,734,400,000
1977 - $4,587,100,000
1976 - $3,951,500,000
1975 - $3,599,200,000
1974 - $2,925,700,000
1973 - $2,344,800,000
1972 - $1,987,400,000
1971 - $1,666,500,000
1970 - $1,485,500,000
1969 - $1,230,500,000
1968 - $1,079,100,000
1967 - $1,034,800,000
1966 - $983,900,000
1965 - $888,100,000
1964 - $1,025,599,900
1963 - $940,799,900
1962 - $824,100,000
1961 - $654,100,200
1960 - $672,399,700

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

GeoRank.org/economy/bosnia-and-herzegovina/dominican-republic | CC BY

GDP per capita in Bosnia and Herzegovina vs Dominican Republic by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Dominican Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Dominican Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $10,876 $27,542
2023 $8,663 $23,376 $10,630 $25,840
2022 $7,656 $21,651 $10,104 $24,626
2021 $7,295 $18,287 $8,527 $22,053
2020 $6,130 $16,370 $7,135 $18,998
2019 $6,122 $16,429 $8,183 $19,767
2018 $6,048 $14,859 $7,883 $17,995
2017 $5,345 $13,627 $7,413 $16,846
2016 $4,929 $12,899 $7,160 $16,282
2015 $4,662 $11,845 $6,801 $14,804
2014 $5,206 $11,168 $6,496 $13,465
2013 $5,035 $10,808 $6,137 $12,414
2012 $4,694 $10,121 $6,014 $11,777
2011 $4,983 $9,761 $5,827 $11,695
2010 $4,506 $9,086 $5,479 $11,246
2009 $4,540 $8,698 $4,974 $10,382
2008 $4,842 $8,587 $5,024 $10,346
2007 $3,931 $7,686 $4,650 $9,951
2006 $3,166 $6,869 $4,055 $9,130
2005 $2,740 $5,956 $3,878 $8,215
2004 $2,453 $5,407 $2,452 $7,375
2003 $2,034 $4,917 $2,383 $7,098
2002 $1,607 $4,665 $3,066 $7,158
2001 $1,388 $4,307 $2,936 $6,848
2000 $1,338 $4,148 $2,831 $6,639
1999 $1,135 $3,875 $2,621 $6,305
1998 $1,007 $3,524 $2,608 $5,963
1997 $914 $3,041 $2,449 $5,618
1996 $719 $2,269 $2,271 $5,161
1995 $502 $1,507 $2,109 $4,871
1994 $337 $1,269 $1,892 $4,599
1993 $930 $1,067 $1,722 $4,474
1992 $1,118 $982 $1,558 $4,151
1991 $1,373 $975 $1,346 $3,722
1990 $1,743 $1,043 $989 $3,641
1989 - - $955 -
1988 - - $784 -
1987 - - $868 -
1986 - - $932 -
1985 - - $784 -
1984 - - $1,844 -
1983 - - $1,500 -
1982 - - $1,376 -
1981 - - $1,288 -
1980 - - $1,180 -
1979 - - $984 -
1978 - - $868 -
1977 - - $863 -
1976 - - $763 -
1975 - - $713 -
1974 - - $595 -
1973 - - $490 -
1972 - - $427 -
1971 - - $368 -
1970 - - $338 -
1969 - - $287.7 -
1968 - - $259.6 -
1967 - - $256.2 -
1966 - - $250.9 -
1965 - - $233.2 -
1964 - - $277.3 -
1963 - - $262.2 -
1962 - - $236.8 -
1961 - - $193.9 -
1960 - - $205.7 -

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

GeoRank.org/economy/bosnia-and-herzegovina/dominican-republic | CC BY

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $10,876 in the Dominican Republic, ranking 83/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while the Dominican Republic ranks 76th at $27,542.

Economic indicators

Bosnia Dominican Republic
Gross domestic product
$29.6B
2024
$124B
2024
GDP rank
111/197
2024
63/197
2024
GDP growth
2.97%
2023-2024
4.95%
2023-2024
GDP per capita
$9,359
2024
$10,876
2024
GDP per capita rank
87/197
2024
83/197
2024
GDP per capita, PPP
$25,043
2024
$27,542
2024
GDP per capita PPP rank
83/197
2024
76/197
2024
Government debt
$8.74B
2024
$73.1B
2024
Debt-to-GDP ratio
29.5%
2024
58.8%
2024
Government debt per person
$2,763
2024
$6,394
2024
Government debt per person rank
107/185
2024
71/185
2024
Average annual personal income after taxes
$8,501
2026
$6,547
2026
Income share by richest 10%
25.1%
2011
29.5%
2024
Income share by poorest 10%
2.9%
2011
2.3%
2024
Government expenditure, % of GDP
43.3%
2024
19.5%
2024
Consumer prices inflation
1.7%
2023-2024
3.3%
2023-2024
Central bank interest rate n/a
5.5%
2025
Unemployment rate
10.7%
2024
5.31%
2024
Population
3116111
11637906

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Dominican Republic
Spending

Debt
1x
Year % of GDP
Bosnia Dominican Republic
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 19.5% 58.8%
2023 41.7% 29% 19.1% 60.5%
2022 39.4% 31.2% 18.5% 59.6%
2021 40.6% 35.8% 18.4% 62.8%
2020 45.4% 37.2% 22.2% 71.8%
2019 39.9% 32.8% 17.8% 53.5%
2018 40.4% 34.5% 16.5% 50.8%
2017 40% 38.6% 17.3% 49.5%
2016 41.5% 44.9% 17% 46.7%
2015 42.7% 46.4% 16.7% 44.8%
2014 46.2% 47.1% 17% 45%
2013 44.5% 43.8% 18.5% 46.8%
2012 46.9% 43.6% 19.8% 42.4%
2011 46.4% 40.9% 16% 39.1%
2010 48.7% 42.2% 16.1% 37.4%
2009 49% 36.4% 16.2% 36.8%
2008 48.4% 30.3% 18.5% 33.6%
2007 45.2% 18.2% 16.3% 32.9%
2006 44.2% 20.6% 17% 36%
2005 44.5% 24.9% 15.5% 38.3%
2004 45.6% 25.5% 17.3% 34.3%
2003 47.3% 27.6% 17.2% 48.2%
2002 47.4% 31.1% 16.5% 21.5%
2001 50.2% 35.1% 14.9% 20.4%
2000 56.2% 34.6% 14.1% 16.7%
1999 57.5% 56% 13.4% 16%
1998 54.4% 54.4% 12.6% 13.2%
1997 - - 13.2% 13.8%
1996 - - 11.4% 23%
1995 - - 11% 25.7%
1994 - - 12.1% 28.5%
1993 - - 13% 36.1%
1992 - - 10.4% 38.5%
1991 - - 8.65% 47.3%
1990 - - 9.1% 84.7%
1989 - - 11.3% 62.5%
1988 - - 12.8% 77%
1987 - - 11.2% 86.9%
1986 - - 10.4% 63.8%
1985 - - 9.8% 66.3%
1984 - - 9.32% 28.9%
1983 - - 10.2% 32.9%
1982 - - 10.2% 33.1%
1981 - - 12.1% 29.8%
1980 - - 12.8% 15.2%
1979 - - 13.8% 24%
1978 - - 12.3% 20.9%
1977 - - 11.4% 16.4%
1976 - - 12.5% 15.6%
1975 - - 13.7% 13.1%
1974 - - 14.6% 14.6%
1973 - - 13.7% 14.6%
1972 - - 14.1% 16.4%
1971 - - 13.8% 17.8%
1970 - - 13.3% 18%
1969 - - 15.5% 17.4%
1968 - - 15.5% 18.1%
1967 - - 15% 16.2%
1966 - - 15.2% 14.5%
1965 - - 12.8% -
1964 - - 16.7% -
1963 - - 15.1% -
1962 - - 15.7% -
1961 - - 20% -
1960 - - 20.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/dominican-republic | CC BY

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while the Dominican Republic spent $24.2B, or 19.5% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 58.8% in the Dominican Republic, ranking 159/185 and 83/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Dominican Republic
1x
Year Deficit/surplus, % of GDP
Bosnia Dominican Republic
2024 -1.88% -3.09%
2023 -1.67% -3.28%
2022 0.15% -3.25%
2021 -0.18% -2.92%
2020 -4.5% -7.94%
2019 1.37% -3.46%
2018 1.63% -2.17%
2017 1.79% -3.12%
2016 0.34% -3.11%
2015 -0.19% -0.03%
2014 -2.87% -2.76%
2013 -1.28% -4.41%
2012 -2.68% -6.26%
2011 -2.73% -3.07%
2010 -4.06% -2.97%
2009 -5.34% -2.9%
2008 -3.82% -3.43%
2007 0.17% 0.28%
2006 2.08% -1.69%
2005 0.74% -0.71%
2004 -0.18% -3.6%
2003 -0.44% -4.24%
2002 -2.99% -2.28%
2001 -3.44% -0.73%
2000 -4.63% -0.86%
1999 -2.78% -0.79%
1998 -0.98% -0.29%
1997 - -0.64%
1996 - 0.14%
1995 - 0.82%
1994 - -0.39%
1993 - -0.16%
1992 - 2.35%
1991 - 0.11%
1990 - 0.39%
1989 - -0.09%
1988 - -1.68%
1987 - -0.75%
1986 - -0.57%
1985 - -1.27%
1984 - -0.95%
1983 - -1.74%
1982 - -2.4%
1981 - -1.92%
1980 - -1.82%
1979 - -3.26%
1978 - -0.82%
1977 - 0.15%
1976 - -0.22%
1975 - 1.37%
1974 - -0.93%
1973 - -0.53%
1972 - -1.73%
1971 - -0.85%
1970 - -0.68%
1969 - -0.99%
1968 - -0.99%
1967 - -1.68%
1966 - -2.14%
1965 - -1.84%
1964 - -1.36%
1963 - -0.39%
1962 - -1.17%
1961 - -3%
1960 - -0.61%
1959 - -0.29%
1958 - -1.29%
1957 - 0.21%
1956 - -0.05%
1955 - 1.47%
1954 - 1.43%
1953 - 2.79%
1952 - 0%
1951 - -2.58%
1950 - -3.66%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/dominican-republic | 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 the Dominican Republic's deficit of $3.84B, or 3.09% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while the Dominican Republic ran a deficit in 26 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 2.71% of GDP for the Dominican Republic.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Dominican Republic
1x
Year Consumer prices inflation
Bosnia Dominican Republic
2024 1.7% 3.3%
2023 6.1% 4.79%
2022 14% 8.81%
2021 2% 8.24%
2020 -1.1% 3.78%
2019 0.6% 1.81%
2018 1.4% 3.56%
2017 0.8% 3.28%
2016 -1.6% 1.61%
2015 -1% 0.84%
2014 -0.9% 3%
2013 -0.1% 4.83%
2012 2.1% 3.69%
2011 4% 5.8%
2010 2.1% 6.33%
2009 -0.4% 1.44%
2008 7.4% 10.6%
2007 1.5% 6.14%
2006 6.1% 7.57%
2005 3.6% 4.19%
2004 0.3% 51.5%
2003 0.5% 27.4%
2002 0.3% 5.22%
2001 3.2% 8.88%
2000 5% 7.72%
1999 2.8% 6.47%
1998 -0.3% 4.83%
1997 5.7% 8.3%

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/dominican-republic | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 7.64% in the Dominican Republic. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 3.3% in the Dominican Republic.

Top exports between countries

Bosnia
Export category Export value
Textiles & consumer goods $401K
Raw materials & minerals $224K
Machinery & equipment $5K
Dominican Republic
Export category Export value
Animal & marine products $9K
Textiles & consumer goods $4K

Balance of trade

Bosnia Dominican Republic
Current account balance
-$1.03B
2024
-$4.17B
2024
Current account balance ranking
123/190
2024
163/190
2024
Current account balance, % of GDP
-3.47%
2024
-3.35%
2024
Goods imports
$14.8B
2024
$29.8B
2024
Goods exports
$8.36B
2024
$13.9B
2024
Service imports
$1.27B
2024
$6.34B
2024
Service exports
$3.74B
2024
$14.7B
2024
Imports of goods and services, % of GDP
54.3%
2024
29%
2024
Exports of goods and services, % of GDP
40.9%
2024
22.8%
2024

Economic freedom indices

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

Bosnia Dominican Republic
Economic freedom 63.1 63.8
Economic freedom ranking 83/197 77/197
Property rights 46.9 53.9
Government integrity 36.8 39.8
Judicial effectiveness 36.1 58
Tax burden 93.9 84.4
Government spending 48.4 89.1
Fiscal health 96.2 76.6
Business freedom 65.1 71.4
Labor freedom 62.7 53.2
Monetary freedom 77.5 72.1
Trade freedom 69 67.4
Investment freedom 65 60
Financial freedom 60 40

Economic freedom comparison by year

Bosnia and Herzegovina
Dominican Republic
1x
Year Economic freedom index
Bosnia Dominican Republic
2026 63.1 63.8
2025 63.5 64.3
2024 62 62.9
2023 62.9 62.6
2022 63.4 63
2021 62.9 62.1
2020 62.6 60.9
2019 61.9 61
2018 61.4 61.6
2017 60.2 62.9
2016 58.6 61
2015 59 61
2014 58.4 61.3
2013 57.3 59.7
2012 57.3 60.2
2011 57.5 60
2010 56.2 60.3
2009 53.1 59.2
2008 53.9 57.7
2007 54.4 56.8
2006 55.6 56.3
2005 48.8 55.1
2004 44.7 54.6
2003 40.6 57.8
2002 37.4 58.6
2001 36.6 59.1
2000 45.1 59
1999 29.4 58.1
1998 29.4 58.1
1997 - 53.5
1996 - 58.1
1995 - 55.8

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

GeoRank.org/economy/bosnia-and-herzegovina/dominican-republic | CC BY

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 63.8 for the Dominican Republic, ranking 77/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Dominican Republic
Services, % of GDP
56.6%
2024
59.8%
2024
Industry, % of GDP
22.4%
2024
28.7%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
4.45%
2024
GNI, Atlas method
$27.8B
2024
$117B
2024
GNI per capita, PPP
$24,990
2024
$26,050
2024
Total reserves including gold
$9.42B
2024
$13.5B
2024
Total reserves ranking
79/177
2024
71/177
2024
Net foreign direct investment
-$885M
2024
-$4.52B
2024
Net inflows of foreign direct investment
$1B
2024
$4.48B
2024
Net outflows of foreign direct investment
$119M
2024
-$47.3M
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
5.62%
2024
Poverty at national poverty lines
16.9%
2015
19%
2024
Gross capital formation, % of GDP
27.5%
2024
27%
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/dominican-republic | 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 (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, 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.