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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $1.4T for Indonesia, ranking 111/197 and 16/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $561B (40.2% of GDP) in Indonesia.

Bosnia and Herzegovina vs Indonesia GDP by year

Bosnia and Herzegovina
Indonesia
1x
Year GDP, current $
Bosnia Indonesia
2024 $29,613,572,023 $1,396,300,098,191
2023 $27,592,361,498 $1,371,169,301,564
2022 $24,534,663,636 $1,319,101,183,380
2021 $23,672,712,121 $1,186,509,691,087
2020 $20,226,038,370 $1,059,054,842,698
2019 $20,482,608,984 $1,119,099,871,350
2018 $20,484,058,033 $1,042,271,532,989
2017 $18,326,373,136 $1,015,618,744,160
2016 $17,116,926,554 $931,877,364,038
2015 $16,404,348,361 $860,854,232,686
2014 $18,558,734,107 $890,814,755,534
2013 $18,179,109,209 $912,524,136,718
2012 $17,226,735,996 $917,869,913,333
2011 $18,644,233,537 $892,969,104,563
2010 $17,176,315,804 $755,094,157,622
2009 $17,613,949,091 $539,580,085,612
2008 $19,112,796,623 $510,228,634,992
2007 $15,778,734,264 $432,216,737,775
2006 $12,864,841,906 $364,570,515,618
2005 $11,222,796,337 $285,868,619,196
2004 $10,156,541,221 $256,836,875,295
2003 $8,498,894,359 $234,772,463,824
2002 $6,728,220,983 $195,660,611,165
2001 $5,800,615,375 $160,446,947,785
2000 $5,567,772,769 $165,021,012,078
1999 $4,686,256,363 $140,001,351,215
1998 $4,116,774,301 $95,445,547,873
1997 $3,671,909,673 $215,748,998,610
1996 $2,786,045,322 $227,369,679,375
1995 $1,866,572,954 $202,132,028,723
1994 $1,255,802,469 $176,892,143,932
1993 $3,630,668,950 $158,006,700,302
1992 $4,735,044,707 $128,026,966,580
1991 $6,122,959,184 $116,621,996,217
1990 $7,753,478,261 $106,140,727,334
1989 - $94,451,427,877
1988 - $84,300,174,486
1987 - $75,929,617,558
1986 - $79,954,072,545
1985 - $85,289,488,375
1984 - $84,853,700,028
1983 - $81,052,283,384
1982 - $90,158,449,295
1981 - $85,518,233,419
1980 - $72,482,337,397
1979 - $51,400,186,343
1978 - $51,455,719,076
1977 - $45,808,915,663
1976 - $37,269,156,627
1975 - $30,463,855,422
1974 - $25,802,409,639
1973 - $16,273,253,012
1972 - $10,997,590,361
1971 - $9,333,536,370
1970 - $9,150,684,932
1969 - $8,337,423,313
1968 - $7,076,465,300
1967 - $5,667,756,628

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

GDP per capita in Bosnia and Herzegovina vs Indonesia by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $4,925 $16,448
2023 $8,663 $23,376 $4,876 $15,416
2022 $7,656 $21,651 $4,731 $14,285
2021 $7,295 $18,287 $4,287 $12,757
2020 $6,130 $16,370 $3,854 $11,729
2019 $6,122 $16,429 $4,107 $11,986
2018 $6,048 $14,859 $3,861 $11,372
2017 $5,345 $13,627 $3,799 $10,688
2016 $4,929 $12,899 $3,521 $10,263
2015 $4,662 $11,845 $3,288 $10,028
2014 $5,206 $11,168 $3,441 $10,065
2013 $5,035 $10,808 $3,567 $9,866
2012 $4,694 $10,121 $3,632 $9,530
2011 $4,983 $9,761 $3,579 $8,937
2010 $4,506 $9,086 $3,066 $8,353
2009 $4,540 $8,698 $2,218 $7,868
2008 $4,842 $8,587 $2,125 $7,569
2007 $3,931 $7,686 $1,823 $7,096
2006 $3,166 $6,869 $1,558 $6,583
2005 $2,740 $5,956 $1,238 $6,134
2004 $2,453 $5,407 $1,127 $5,700
2003 $2,034 $4,917 $1,043 $5,353
2002 $1,607 $4,665 $881 $5,076
2001 $1,388 $4,307 $732 $4,849
2000 $1,338 $4,148 $764 $4,639
1999 $1,135 $3,875 $657 $4,386
1998 $1,007 $3,524 $455 $4,356
1997 $914 $3,041 $1,045 $5,037
1996 $719 $2,269 $1,119 $4,807
1995 $502 $1,507 $1,011 $4,451
1994 $337 $1,269 $900 $4,096
1993 $930 $1,067 $817 $3,793
1992 $1,118 $982 $674 $3,538
1991 $1,373 $975 $624 $3,305
1990 $1,743 $1,043 $578 $3,044
1989 - - $524 -
1988 - - $477 -
1987 - - $438 -
1986 - - $470 -
1985 - - $511 -
1984 - - $520 -
1983 - - $508 -
1982 - - $578 -
1981 - - $561 -
1980 - - $487 -
1979 - - $353 -
1978 - - $362 -
1977 - - $331 -
1976 - - $275.7 -
1975 - - $231.1 -
1974 - - $200.7 -
1973 - - $129.9 -
1972 - - $90.1 -
1971 - - $78.5 -
1970 - - $79.1 -
1969 - - $74.1 -
1968 - - $64.7 -
1967 - - $53.2 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $4,925 in Indonesia, ranking 121/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Indonesia ranks 107th at $16,448.

Economic indicators

Bosnia Indonesia
Gross domestic product
$29.6B
2024
$1.4T
2024
GDP rank
111/197
2024
16/197
2024
GDP growth
2.97%
2023-2024
5.03%
2023-2024
GDP per capita
$9,359
2024
$4,925
2024
GDP per capita rank
87/197
2024
121/197
2024
GDP per capita, PPP
$25,043
2024
$16,448
2024
GDP per capita PPP rank
83/197
2024
107/197
2024
Government debt
$8.74B
2024
$561B
2024
Debt-to-GDP ratio
29.5%
2024
40.2%
2024
Government debt per person
$2,763
2024
$1,978
2024
Government debt per person rank
107/185
2024
120/185
2024
Average annual personal income after taxes
$8,501
2026
$3,371
2026
Market capitalization of domestic companies n/a
$758B
2023
Number of millionaires n/a
178,605
2025
Number of billionaires n/a
33
2025
Income share by richest 10%
25.1%
2011
28.8%
2024
Income share by poorest 10%
2.9%
2011
3.5%
2024
Government expenditure, % of GDP
43.3%
2024
16.8%
2024
Consumer prices inflation
1.7%
2023-2024
2.18%
2023-2024
Central bank interest rate n/a
4.75%
2025
Unemployment rate
10.7%
2024
3.31%
2023
Population
3116111
288551776

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Bosnia Indonesia
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 16.8% 40.2%
2023 41.7% 29% 16.6% 39.6%
2022 39.4% 31.2% 17.3% 40.1%
2021 40.6% 35.8% 18.1% 41.1%
2020 45.4% 37.2% 18.4% 39.7%
2019 39.9% 32.8% 16.4% 30.6%
2018 40.4% 34.5% 16.6% 30.4%
2017 40% 38.6% 16.4% 29.4%
2016 41.5% 44.9% 16.9% 28%
2015 42.7% 46.4% 17.6% 27%
2014 46.2% 47.1% 18.4% 24.6%
2013 44.5% 43.8% 18.8% 24.9%
2012 46.9% 43.6% 18.8% 23%
2011 46.4% 40.9% 17.7% 23.1%
2010 48.7% 42.2% 16.9% 26.4%
2009 49% 36.4% 17% 26.5%
2008 48.4% 30.3% 19.4% 30.3%
2007 45.2% 18.2% 18.7% 38.1%
2006 44.2% 20.6% 18.4% 35.8%
2005 44.5% 24.9% 17.4% 42.6%
2004 45.6% 25.5% 17.8% 51.3%
2003 47.3% 27.6% 18.2% 55.6%
2002 47.4% 31.1% 16.9% 62.3%
2001 50.2% 35.1% 19.5% 73.7%
2000 56.2% 34.6% 15.3% 87.4%
1999 57.5% 56% 15.1% 95.9%
1998 54.4% 54.4% 15.1% 72.5%
1997 - - 15.2% 26.4%
1996 - - 11.5% 27.5%
1995 - - 11.9% 32%
1994 - - 13.5% 37%
1993 - - 14.1% 40.4%
1992 - - 16.8% 42.6%
1991 - - 15% 39.2%
1990 - - 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Indonesia spent $235B, or 16.8% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 40.2% in Indonesia, ranking 159/185 and 132/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Indonesia
1x
Year Deficit/surplus, % of GDP
Bosnia Indonesia
2024 -1.88% -2.3%
2023 -1.67% -1.64%
2022 0.15% -2.31%
2021 -0.18% -4.4%
2020 -4.5% -6.07%
2019 1.37% -2.09%
2018 1.63% -1.69%
2017 1.79% -2.26%
2016 0.34% -2.56%
2015 -0.19% -2.72%
2014 -2.87% -1.8%
2013 -1.28% -1.96%
2012 -2.68% -1.59%
2011 -2.73% -0.7%
2010 -4.06% -1.24%
2009 -5.34% -1.64%
2008 -3.82% 0.05%
2007 0.17% -0.95%
2006 2.08% 0.45%
2005 0.74% 0.46%
2004 -0.18% -0.26%
2003 -0.44% -1.08%
2002 -2.99% -0.58%
2001 -3.44% -1.76%
2000 -4.63% -1.87%
1999 -2.78% -0.96%
1998 -0.98% -1.89%
1997 - -1.03%
1996 - 0.96%
1995 - 0.64%
1994 - 0.005%
1993 - -0.59%
1992 - -2.95%
1991 - -0.87%
1990 - -0.55%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/indonesia | 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 Indonesia's deficit of $32.1B, or 2.3% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Indonesia ran a deficit in 24 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 1.68% of GDP for Indonesia.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Indonesia
1x
Year Consumer prices inflation
Bosnia Indonesia
2024 1.7% 2.18%
2023 6.1% 3.67%
2022 14% 4.21%
2021 2% 1.56%
2020 -1.1% 1.92%
2019 0.6% 3.03%
2018 1.4% 3.2%
2017 0.8% 3.81%
2016 -1.6% 3.53%
2015 -1% 6.36%
2014 -0.9% 6.39%
2013 -0.1% 6.41%
2012 2.1% 4.28%
2011 4% 5.36%
2010 2.1% 5.13%
2009 -0.4% 4.39%
2008 7.4% 10.2%
2007 1.5% 6.41%
2006 6.1% 13.1%
2005 3.6% 10.5%
2004 0.3% 6.06%
2003 0.5% 6.76%
2002 0.3% 11.9%
2001 3.2% 11.5%
2000 5% 3.69%
1999 2.8% 20.5%
1998 -0.3% 58.5%
1997 5.7% 6.23%

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/indonesia | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 8.24% in Indonesia. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 2.18% in Indonesia.

Top exports between countries

Bosnia
Export category Export value
Weapons & explosives $4.57M
Machinery & equipment $4.45M
Raw materials & minerals $251K
Processed food, beverages & tobacco $141K
Animal & marine products $55K
Textiles & consumer goods $27K
Metals $13K
Wood & paper products $8K
Chemicals & pharma $3K
Indonesia
Export category Export value
Processed food, beverages & tobacco $897K
Raw materials & minerals $181K
Textiles & consumer goods $74K
Wood & paper products $69K
Machinery & equipment $44K
Chemicals & pharma $17K
Precious metals & jewellery $2K
Miscellaneous $1K

Balance of trade

Bosnia Indonesia
Current account balance
-$1.03B
2024
-$8.72B
2024
Current account balance ranking
123/190
2024
174/190
2024
Current account balance, % of GDP
-3.47%
2024
-0.62%
2024
Goods imports
$14.8B
2024
$223B
2024
Goods exports
$8.36B
2024
$263B
2024
Service imports
$1.27B
2024
$57.6B
2024
Service exports
$3.74B
2024
$39B
2024
Imports of goods and services, % of GDP
54.3%
2024
20.4%
2024
Exports of goods and services, % of GDP
40.9%
2024
22.2%
2024

Economic freedom indices

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

Bosnia Indonesia
Economic freedom 63.1 65.1
Economic freedom ranking 83/197 67/197
Property rights 46.9 39.7
Government integrity 36.8 42
Judicial effectiveness 36.1 43.1
Tax burden 93.9 81.5
Government spending 48.4 91.4
Fiscal health 96.2 89.8
Business freedom 65.1 69.2
Labor freedom 62.7 56.8
Monetary freedom 77.5 79.4
Trade freedom 69 78.6
Investment freedom 65 50
Financial freedom 60 60

Economic freedom comparison by year

Bosnia and Herzegovina
Indonesia
1x
Year Economic freedom index
Bosnia Indonesia
2026 63.1 65.1
2025 63.5 65.2
2024 62 63.5
2023 62.9 63.5
2022 63.4 64.4
2021 62.9 66.9
2020 62.6 67.2
2019 61.9 65.8
2018 61.4 64.2
2017 60.2 61.9
2016 58.6 59.4
2015 59 58.1
2014 58.4 58.5
2013 57.3 56.9
2012 57.3 56.4
2011 57.5 56
2010 56.2 55.5
2009 53.1 53.4
2008 53.9 53.2
2007 54.4 53.2
2006 55.6 51.9
2005 48.8 52.9
2004 44.7 52.1
2003 40.6 55.8
2002 37.4 54.8
2001 36.6 52.5
2000 45.1 55.2
1999 29.4 61.5
1998 29.4 63.4
1997 - 62
1996 - 61
1995 - 54.9

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

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Indonesia
Services, % of GDP
56.6%
2024
43.8%
2024
Industry, % of GDP
22.4%
2024
39.3%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
12.6%
2024
GNI, Atlas method
$27.8B
2024
$1.39T
2024
GNI per capita, PPP
$24,990
2024
$16,010
2024
Total reserves including gold
$9.42B
2024
$156B
2024
Total reserves ranking
79/177
2024
20/177
2024
Net foreign direct investment
-$885M
2024
-$15.9B
2024
Net inflows of foreign direct investment
$1B
2024
$24.2B
2024
Net outflows of foreign direct investment
$119M
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
5.65%
2024
Poverty at national poverty lines
16.9%
2015
9%
2024
Gross capital formation, % of GDP
27.5%
2024
31.4%
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/indonesia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, 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 (1951–1999, 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 (2023–2024, 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.