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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $475B for Iran, ranking 111/197 and 34/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $162B (34% of GDP) in Iran.

Bosnia and Herzegovina vs Iran GDP by year

Bosnia and Herzegovina
Iran
1x
Year GDP, current $
Bosnia Iran
2024 $29,613,572,023 $475,252,089,215
2023 $27,592,361,498 $457,510,482,317
2022 $24,534,663,636 $422,662,261,526
2021 $23,672,712,121 $407,350,685,583
2020 $20,226,038,370 $280,934,329,280
2019 $20,482,608,984 $347,988,400,958
2018 $20,484,058,033 $411,903,303,606
2017 $18,326,373,136 $510,239,893,418
2016 $17,116,926,554 $478,618,064,871
2015 $16,404,348,361 $409,191,686,497
2014 $18,558,734,107 $462,284,793,281
2013 $18,179,109,209 $500,399,839,840
2012 $17,226,735,996 $644,019,315,004
2011 $18,644,233,537 $629,082,257,472
2010 $17,176,315,804 $487,069,570,464
2009 $17,613,949,091 $414,059,094,949
2008 $19,112,796,623 $406,070,949,554
2007 $15,778,734,264 $349,736,591,832
2006 $12,864,841,906 $265,602,187,404
2005 $11,222,796,337 $224,970,371,325
2004 $10,156,541,221 $187,754,571,248
2003 $8,498,894,359 $151,911,222,119
2002 $6,728,220,983 $128,626,917,504
2001 $5,800,615,375 $126,878,750,296
2000 $5,567,772,769 $109,591,707,802
1999 $4,686,256,363 $113,848,450,088
1998 $4,116,774,301 $110,276,913,363
1997 $3,671,909,673 $113,919,163,421
1996 $2,786,045,322 $120,403,931,885
1995 $1,866,572,954 $96,419,225,744
1994 $1,255,802,469 $71,841,461,173
1993 $3,630,668,950 $63,743,623,232
1992 $4,735,044,707 $119,768,691,217
1991 $6,122,959,184 $131,637,664,958
1990 $7,753,478,261 $124,813,263,926
1989 - $120,496,362,916
1988 - $123,057,861,334
1987 - $134,009,995,923
1986 - $209,094,561,833
1985 - $180,183,629,600
1984 - $162,276,728,620
1983 - $156,365,156,618
1982 - $125,948,756,439
1981 - $100,499,312,750
1980 - $94,362,275,580
1979 - $90,391,877,326
1978 - $77,994,316,621
1977 - $80,600,122,702
1976 - $68,055,295,081
1975 - $51,776,222,350
1974 - $46,209,092,072
1973 - $27,081,698,250
1972 - $17,153,463,263
1971 - $13,731,802,833
1970 - $10,976,245,154
1969 - $9,743,089,607
1968 - $8,623,172,960
1967 - $7,555,383,690
1966 - $6,789,938,672
1965 - $6,197,319,929
1964 - $5,379,845,648
1963 - $4,928,628,018
1962 - $4,693,566,416
1961 - $4,426,949,095
1960 - $4,199,134,390

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

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

GDP per capita in Bosnia and Herzegovina vs Iran by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Iran
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Iran
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $5,190 $19,874
2023 $8,663 $23,376 $5,049 $18,917
2022 $7,656 $21,651 $4,721 $17,546
2021 $7,295 $18,287 $4,605 $15,884
2020 $6,130 $16,370 $3,203 $15,119
2019 $6,122 $16,429 $3,997 $13,928
2018 $6,048 $14,859 $4,783 $15,324
2017 $5,345 $13,627 $6,001 $15,719
2016 $4,929 $12,899 $5,711 $15,195
2015 $4,662 $11,845 $4,953 $14,274
2014 $5,206 $11,168 $5,672 $16,065
2013 $5,035 $10,808 $6,223 $16,215
2012 $4,694 $10,121 $8,114 $17,021
2011 $4,983 $9,761 $8,026 $19,275
2010 $4,506 $9,086 $6,291 $18,628
2009 $4,540 $8,698 $5,416 $17,615
2008 $4,842 $8,587 $5,377 $17,549
2007 $3,931 $7,686 $4,688 $17,384
2006 $3,166 $6,869 $3,619 $15,907
2005 $2,740 $5,956 $3,132 $15,016
2004 $2,453 $5,407 $2,672 $14,425
2003 $2,034 $4,917 $2,209 $13,755
2002 $1,607 $4,665 $1,891 $12,554
2001 $1,388 $4,307 $1,881 $11,533
2000 $1,338 $4,148 $1,650 $11,187
1999 $1,135 $3,875 $1,740 $10,489
1998 $1,007 $3,524 $1,709 $10,285
1997 $914 $3,041 $1,790 $10,101
1996 $719 $2,269 $1,915 $9,916
1995 $502 $1,507 $1,550 $9,255
1994 $337 $1,269 $1,168 $8,951
1993 $930 $1,067 $1,038 $8,933
1992 $1,118 $982 $1,957 $8,888
1991 $1,373 $975 $2,194 $8,580
1990 $1,743 $1,043 $2,138 $7,566
1989 - - $2,125 -
1988 - - $2,234 -
1987 - - $2,513 -
1986 - - $4,064 -
1985 - - $3,634 -
1984 - - $3,395 -
1983 - - $3,397 -
1982 - - $2,845 -
1981 - - $2,393 -
1980 - - $2,368 -
1979 - - $2,352 -
1978 - - $2,101 -
1977 - - $2,243 -
1976 - - $1,954 -
1975 - - $1,532 -
1974 - - $1,409 -
1973 - - $851 -
1972 - - $555 -
1971 - - $457 -
1970 - - $377 -
1969 - - $345 -
1968 - - $314 -
1967 - - $283.7 -
1966 - - $262.9 -
1965 - - $247.5 -
1964 - - $221.7 -
1963 - - $209.6 -
1962 - - $205.8 -
1961 - - $200.1 -
1960 - - $195.6 -

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

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $5,190 in Iran, ranking 119/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Iran ranks 97th at $19,874.

Economic indicators

Bosnia Iran
Gross domestic product
$29.6B
2024
$475B
2024
GDP rank
111/197
2024
34/197
2024
GDP growth
2.97%
2023-2024
3.66%
2023-2024
GDP per capita
$9,359
2024
$5,190
2024
GDP per capita rank
87/197
2024
119/197
2024
GDP per capita, PPP
$25,043
2024
$19,874
2024
GDP per capita PPP rank
83/197
2024
97/197
2024
Government debt
$8.74B
2024
$162B
2024
Debt-to-GDP ratio
29.5%
2024
34%
2024
Government debt per person
$2,763
2024
$1,764
2024
Government debt per person rank
107/185
2024
122/185
2024
Average annual personal income after taxes
$8,501
2026
$2,964
2026
Market capitalization of domestic companies n/a
$172B
2024
Income share by richest 10%
25.1%
2011
28.2%
2023
Income share by poorest 10%
2.9%
2011
2.8%
2023
Government expenditure, % of GDP
43.3%
2024
14.2%
2024
Consumer prices inflation
1.7%
2023-2024
32.5%
2023-2024
Central bank interest rate n/a
23%
2023
Unemployment rate
10.7%
2024
7.63%
2024
Population
3116111
93468444

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Iran
Spending

Debt
1x
Year % of GDP
Bosnia Iran
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 14.2% 34%
2023 41.7% 29% 12.8% 29.6%
2022 39.4% 31.2% 12.8% 34.5%
2021 40.6% 35.8% 13.4% 39.9%
2020 45.4% 37.2% 12.1% 47.1%
2019 39.9% 32.8% 13.6% 44.6%
2018 40.4% 34.5% 14.8% 41.6%
2017 40% 38.6% 16.4% 43.2%
2016 41.5% 44.9% 16.3% 45.9%
2015 42.7% 46.4% 14.1% 32.1%
2014 46.2% 47.1% 12.3% 10.9%
2013 44.5% 43.8% 11.5% 10.2%
2012 46.9% 43.6% 11.4% 11.7%
2011 46.4% 40.9% 14.6% 10.6%
2010 48.7% 42.2% 14.1% 12.8%
2009 49% 36.4% 15.7% 11.5%
2008 48.4% 30.3% 16.8% 10.6%
2007 45.2% 18.2% 14.2% 13.5%
2006 44.2% 20.6% 18.7% 15.2%
2005 44.5% 24.9% 17.9% 18.3%
2004 45.6% 25.5% 15.1% 21.1%
2003 47.3% 27.6% 15.7% 21.9%
2002 47.4% 31.1% 15.6% 23.4%
2001 50.2% 35.1% 13.6% 21%
2000 56.2% 34.6% 13.3% 18.2%
1999 57.5% 56% 15.7% 22.2%
1998 54.4% 54.4% 16.9% 29.6%
1997 - - 17.4% 30.9%
1996 - - 17.3% 29.3%
1995 - - 21% 31.2%
1994 - - 23% 41.7%
1993 - - 27.2% 25.6%
1992 - - 14.4% 25.2%
1991 - - 14% 29.3%
1990 - - 16.4% 37%
1989 - - 20% 48.8%
1988 - - 23.6% 53.2%
1987 - - 18.6% 48.6%
1986 - - 19% 47.4%
1985 - - 21.6% 8.73%
1984 - - 23.7% 10%
1983 - - 27.5% 35.7%
1982 - - 29.7% 47.7%
1981 - - 33.7% 47.6%
1980 - - 35.8% 35.5%
1979 - - - -
1978 - - - -
1977 - - - 9.23%
1976 - - - 6.92%
1975 - - - 8.81%
1974 - - - 6.68%
1973 - - - 12.8%
1972 - - - 12.7%
1971 - - - 14.2%
1970 - - - 14.1%
1969 - - - -
1968 - - 23.6% -
1967 - - 22.3% -
1966 - - 20.5% -
1965 - - 16.3% 14.9%
1964 - - 15.4% 15.2%
1963 - - 14.8% 12.4%
1962 - - 15.6% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-02-20).

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

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Iran spent $67.5B, or 14.2% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 34% in Iran, ranking 159/185 and 147/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Iran
1x
Year Deficit/surplus, % of GDP
Bosnia Iran
2024 -1.88% -3.83%
2023 -1.67% -2.54%
2022 0.15% -2.64%
2021 -0.18% -3.01%
2020 -4.5% -4.87%
2019 1.37% -4.3%
2018 1.63% -1.59%
2017 1.79% -1.55%
2016 0.34% -1.7%
2015 -0.19% -1.3%
2014 -2.87% -0.91%
2013 -1.28% -0.72%
2012 -2.68% -0.5%
2011 -2.73% -0.66%
2010 -4.06% -0.84%
2009 -5.34% -3.3%
2008 -3.82% -4.39%
2007 0.17% -2.41%
2006 2.08% -4.91%
2005 0.74% -2.44%
2004 -0.18% -2.45%
2003 -0.44% -2.76%
2002 -2.99% -2.88%
2001 -3.44% 0.02%
2000 -4.63% 5.42%
1999 -2.78% -0.51%
1998 -0.98% -5.03%
1997 - -1.81%
1996 - -0.75%
1995 - -2.63%
1994 - -3.36%
1993 - -5.15%
1992 - -0.86%
1991 - -1.64%
1990 - -1.73%
1989 - -4.45%
1988 - -10.3%
1987 - -6.84%
1986 - -7.84%
1985 - -3.74%
1984 - -4.02%
1983 - -6.15%
1982 - -5.55%
1981 - -10.7%
1980 - -14.2%
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -4.57%
1967 - -4%
1966 - -2.63%
1965 - -1.23%
1964 - -0.04%
1963 - 0.26%
1962 - -1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/iran | 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 Iran's deficit of $18.2B, or 3.83% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Iran 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 2.1% of GDP for Iran.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Iran
1x
Year Consumer prices inflation
Bosnia Iran
2024 1.7% 32.5%
2023 6.1% 44.6%
2022 14% 43.5%
2021 2% 43.4%
2020 -1.1% 30.6%
2019 0.6% 39.9%
2018 1.4% 18%
2017 0.8% 8.04%
2016 -1.6% 7.25%
2015 -1% 12.5%
2014 -0.9% 16.6%
2013 -0.1% 36.6%
2012 2.1% 27.3%
2011 4% 26.3%
2010 2.1% 10.1%
2009 -0.4% 13.6%
2008 7.4% 25.4%
2007 1.5% 17.3%
2006 6.1% 10%
2005 3.6% 13.4%
2004 0.3% 14.8%
2003 0.5% 16.5%
2002 0.3% 14.3%
2001 3.2% 11.3%
2000 5% 14.5%
1999 2.8% 20.1%
1998 -0.3% 17.9%
1997 5.7% 17.3%

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/iran | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 21.6% in Iran. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 32.5% in Iran.

Top exports between countries

Bosnia
Export category Export value
Machinery & equipment $901K
Metals $450K
Raw materials & minerals $182K
Textiles & consumer goods $129K
Wood & paper products $72K
Chemicals & pharma $9K
Iran
Export category Export value
Raw agricultural goods $1.69M
Chemicals & pharma $430K
Metals $308K
Textiles & consumer goods $269K
Raw materials & minerals $202K
Processed food, beverages & tobacco $101K
Machinery & equipment $8K
Animal & marine products $3K

Balance of trade

Bosnia Iran
Current account balance
-$1.03B
2024
$12.5B
2000
Current account balance ranking
123/190
2024
22/190
2000
Current account balance, % of GDP
-3.47%
2024
+11.4%
2000
Goods imports
$14.8B
2024
$15.2B
2000
Goods exports
$8.36B
2024
$28.3B
2000
Service imports
$1.27B
2024
$2.3B
2000
Service exports
$3.74B
2024
$1.38B
2000
Imports of goods and services, % of GDP
54.3%
2024
28.5%
2024
Exports of goods and services, % of GDP
40.9%
2024
23.6%
2024

Economic freedom indices

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

Bosnia Iran
Economic freedom 63.1 41.8
Economic freedom ranking 83/197 185/197
Property rights 46.9 20.2
Government integrity 36.8 16.2
Judicial effectiveness 36.1 18.7
Tax burden 93.9 81.3
Government spending 48.4 94.7
Fiscal health 96.2 83.3
Business freedom 65.1 37.4
Labor freedom 62.7 41.8
Monetary freedom 77.5 42.2
Trade freedom 69 55.8
Investment freedom 65 5
Financial freedom 60 5

Economic freedom comparison by year

Bosnia and Herzegovina
Iran
1x
Year Economic freedom index
Bosnia Iran
2026 63.1 41.8
2025 63.5 42.5
2024 62 41.2
2023 62.9 42.2
2022 63.4 42.4
2021 62.9 47.2
2020 62.6 49.2
2019 61.9 51.1
2018 61.4 50.9
2017 60.2 50.5
2016 58.6 43.5
2015 59 41.8
2014 58.4 40.3
2013 57.3 43.2
2012 57.3 42.3
2011 57.5 42.1
2010 56.2 43.4
2009 53.1 44.6
2008 53.9 45
2007 54.4 45
2006 55.6 45
2005 48.8 50.5
2004 44.7 42.8
2003 40.6 43.2
2002 37.4 36.4
2001 36.6 35.9
2000 45.1 36.1
1999 29.4 36.8
1998 29.4 36
1997 - 34.5
1996 - 36.1

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 41.8 for Iran, ranking 185/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Iran
Services, % of GDP
56.6%
2024
49.8%
2024
Industry, % of GDP
22.4%
2024
36.1%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
10.8%
2024
GNI, Atlas method
$27.8B
2024
$469B
2024
GNI per capita, PPP
$24,990
2024
$19,820
2024
Total reserves including gold
$9.42B
2024
$7.69B
1982
Total reserves ranking
79/177
2024
85/177
1982
Net foreign direct investment
-$885M
2024
-$39M
2000
Net inflows of foreign direct investment
$1B
2024
$1.45B
2024
Net outflows of foreign direct investment
$119M
2024
$89.4M
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
0.08%
2024
Poverty at national poverty lines
16.9%
2015
18.7%
2020
Gross capital formation, % of GDP
27.5%
2024
44.3%
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/iran | CC BY

Compare countries by 7 more topics

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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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.