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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $540B for Israel, ranking 111/197 and 29/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $366B (67.6% of GDP) in Israel.

Bosnia and Herzegovina vs Israel GDP by year

Bosnia and Herzegovina
Israel
1x
Year GDP, current $
Bosnia Israel
2024 $29,613,572,023 $540,379,921,262
2023 $27,592,361,498 $512,184,638,999
2022 $24,534,663,636 $525,181,008,026
2021 $23,672,712,121 $489,851,549,972
2020 $20,226,038,370 $410,768,352,658
2019 $20,482,608,984 $400,645,216,359
2018 $20,484,058,033 $376,299,083,108
2017 $18,326,373,136 $358,451,839,053
2016 $17,116,926,554 $321,940,971,558
2015 $16,404,348,361 $303,469,434,072
2014 $18,558,734,107 $315,017,088,117
2013 $18,179,109,209 $298,478,070,673
2012 $17,226,735,996 $263,589,172,712
2011 $18,644,233,537 $268,094,998,225
2010 $17,176,315,804 $239,679,036,634
2009 $17,613,949,091 $213,403,181,853
2008 $19,112,796,623 $221,231,658,863
2007 $15,778,734,264 $184,681,214,673
2006 $12,864,841,906 $158,900,547,825
2005 $11,222,796,337 $147,519,922,009
2004 $10,156,541,221 $140,047,984,605
2003 $8,498,894,359 $131,408,914,824
2002 $6,728,220,983 $125,332,331,884
2001 $5,800,615,375 $135,002,039,613
2000 $5,567,772,769 $136,512,300,542
1999 $4,686,256,363 $121,417,185,062
1998 $4,116,774,301 $120,547,409,279
1997 $3,671,909,673 $119,459,826,347
1996 $2,786,045,322 $115,116,595,545
1995 $1,866,572,954 $105,497,418,059
1994 $1,255,802,469 $90,740,103,829
1993 $3,630,668,950 $79,855,877,174
1992 $4,735,044,707 $79,457,685,757
1991 $6,122,959,184 $70,998,755,007
1990 $7,753,478,261 $62,016,729,541
1989 - $52,443,479,454
1988 - $52,650,948,910
1987 - $43,049,543,635
1986 - $35,834,154,874
1985 - $28,905,736,367
1984 - $30,645,607,293
1983 - $32,675,755,462
1982 - $29,255,285,401
1981 - $26,882,009,819
1980 - $25,395,256,478
1979 - $22,609,741,060
1978 - $17,701,286,907
1977 - $18,257,113,904
1976 - $15,956,349,550
1975 - $16,141,767,373
1974 - $17,172,607,138
1973 - $11,902,574,259
1972 - $9,222,557,539
1971 - $7,052,544,000
1970 - $7,406,712,876
1969 - $6,297,852,761
1968 - $5,458,427,928
1967 - $4,762,386,783
1966 - $4,703,300,098
1965 - $4,329,084,429
1964 - $4,024,344,853
1963 - $3,535,949,089
1962 - $2,966,154,031
1961 - $3,708,586,471
1960 - $3,070,585,807

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

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

GDP per capita in Bosnia and Herzegovina vs Israel by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $54,177 $57,236
2023 $8,663 $23,376 $52,004 $55,171
2022 $7,656 $21,651 $54,950 $53,619
2021 $7,295 $18,287 $52,271 $46,162
2020 $6,130 $16,370 $44,576 $40,955
2019 $6,122 $16,429 $44,251 $41,325
2018 $6,048 $14,859 $42,363 $40,190
2017 $5,345 $13,627 $41,138 $39,471
2016 $4,929 $12,899 $37,672 $38,189
2015 $4,662 $11,845 $36,213 $35,871
2014 $5,206 $11,168 $38,343 $34,816
2013 $5,035 $10,808 $37,034 $34,827
2012 $4,694 $10,121 $33,321 $32,484
2011 $4,983 $9,761 $34,523 $31,314
2010 $4,506 $9,086 $31,439 $29,456
2009 $4,540 $8,698 $28,508 $28,087
2008 $4,842 $8,587 $30,269 $28,084
2007 $3,931 $7,686 $25,721 $28,307
2006 $3,166 $6,869 $22,527 $26,385
2005 $2,740 $5,956 $21,287 $25,701
2004 $2,453 $5,407 $20,568 $26,078
2003 $2,034 $4,917 $19,643 $24,702
2002 $1,607 $4,665 $19,076 $26,101
2001 $1,388 $4,307 $20,966 $25,806
2000 $1,338 $4,148 $21,707 $25,766
1999 $1,135 $3,875 $19,823 $23,415
1998 $1,007 $3,524 $20,189 $22,927
1997 $914 $3,041 $20,469 $22,279
1996 $719 $2,269 $20,224 $21,672
1995 $502 $1,507 $19,026 $20,642
1994 $337 $1,269 $16,807 $19,478
1993 $930 $1,067 $15,179 $18,218
1992 $1,118 $982 $15,510 $17,553
1991 $1,373 $975 $14,346 $16,486
1990 $1,743 $1,043 $13,308 $15,721
1989 - - $11,608 -
1988 - - $11,853 -
1987 - - $9,853 -
1986 - - $8,335 -
1985 - - $6,829 -
1984 - - $7,369 -
1983 - - $7,960 -
1982 - - $7,258 -
1981 - - $6,795 -
1980 - - $6,549 -
1979 - - $5,972 -
1978 - - $4,797 -
1977 - - $5,053 -
1976 - - $4,516 -
1975 - - $4,672 -
1974 - - $5,085 -
1973 - - $3,631 -
1972 - - $2,930 -
1971 - - $2,298 -
1970 - - $2,490 -
1969 - - $2,189 -
1968 - - $1,947 -
1967 - - $1,735 -
1966 - - $1,789 -
1965 - - $1,689 -
1964 - - $1,626 -
1963 - - $1,486 -
1962 - - $1,294 -
1961 - - $1,697 -
1960 - - $1,452 -

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

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $54,177 in Israel, ranking 21/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Israel ranks 36th at $57,236.

Economic indicators

Bosnia Israel
Gross domestic product
$29.6B
2024
$540B
2024
GDP rank
111/197
2024
29/197
2024
GDP growth
2.97%
2023-2024
0.87%
2023-2024
GDP per capita
$9,359
2024
$54,177
2024
GDP per capita rank
87/197
2024
21/197
2024
GDP per capita, PPP
$25,043
2024
$57,236
2024
GDP per capita PPP rank
83/197
2024
36/197
2024
Government debt
$8.74B
2024
$366B
2024
Debt-to-GDP ratio
29.5%
2024
67.6%
2024
Government debt per person
$2,763
2024
$36,645
2024
Government debt per person rank
107/185
2024
18/185
2024
Average annual personal income after taxes
$8,501
2026
$43,003
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
179,905
2025
Number of billionaires n/a
41
2025
Income share by richest 10%
25.1%
2011
26.6%
2021
Income share by poorest 10%
2.9%
2011
2%
2021
Government expenditure, % of GDP
43.3%
2024
43.8%
2024
Consumer prices inflation
1.7%
2023-2024
3.07%
2023-2024
Central bank interest rate n/a
4.5%
2024
Unemployment rate
10.7%
2024
2.9%
2024
Population
3116111
10290887

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Bosnia Israel
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 43.8% 67.6%
2023 41.7% 29% 39.3% 61.3%
2022 39.4% 31.2% 36.9% 60.3%
2021 40.6% 35.8% 40% 67.7%
2020 45.4% 37.2% 44.8% 71.1%
2019 39.9% 32.8% 38.7% 59.3%
2018 40.4% 34.5% 39.2% 60.1%
2017 40% 38.6% 38.3% 59.8%
2016 41.5% 44.9% 37.9% 61.7%
2015 42.7% 46.4% 37.6% 62.8%
2014 46.2% 47.1% 38.3% 64.9%
2013 44.5% 43.8% 39.7% 66%
2012 46.9% 43.6% 39.6% 66.9%
2011 46.4% 40.9% 39.3% 67.2%
2010 48.7% 42.2% 39.7% 69%
2009 49% 36.4% 41.4% 72.6%
2008 48.4% 30.3% 41.2% 70.2%
2007 45.2% 18.2% 40.2% 70.8%
2006 44.2% 20.6% 41.6% 77.7%
2005 44.5% 24.9% 42.3% 85.2%
2004 45.6% 25.5% 43% 88.3%
2003 47.3% 27.6% 45.4% 89.7%
2002 47.4% 31.1% 50% 87.2%
2001 50.2% 35.1% 46.1% 81.1%
2000 56.2% 34.6% 43.4% 77.2%
1999 57.5% 56% 53.6% 94.8%
1998 54.4% 54.4% 55% 101%
1997 - - 52.6% 99.3%
1996 - - 53.2% 100.3%
1995 - - 52.8% 102.3%
1994 - - 41.7% 110.2%
1993 - - 42.2% 118.3%
1992 - - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, 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/israel | CC BY

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Israel spent $237B, or 43.8% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 67.6% in Israel, ranking 159/185 and 62/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Israel
1x
Year Deficit/surplus, % of GDP
Bosnia Israel
2024 -1.88% -8.26%
2023 -1.67% -5.06%
2022 0.15% 0.32%
2021 -0.18% -3.37%
2020 -4.5% -10.7%
2019 1.37% -3.79%
2018 1.63% -3.56%
2017 1.79% -1.13%
2016 0.34% -1.79%
2015 -0.19% -1.21%
2014 -2.87% -2.29%
2013 -1.28% -4.06%
2012 -2.68% -4.46%
2011 -2.73% -3.43%
2010 -4.06% -3.72%
2009 -5.34% -6.53%
2008 -3.82% -3.5%
2007 0.17% -0.43%
2006 2.08% -0.95%
2005 0.74% -2.74%
2004 -0.18% -3.4%
2003 -0.44% -5.03%
2002 -2.99% -8.22%
2001 -3.44% -4.06%
2000 -4.63% -0.8%
1999 -2.78% -6.26%
1998 -0.98% -7.99%
1997 - -4.84%
1996 - -5.97%
1995 - -4.28%
1994 - -5.62%
1993 - -5.62%
1992 - -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/israel | 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 Israel's deficit of $44.6B, or 8.26% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Israel 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 3.94% of GDP for Israel.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Israel
1x
Year Consumer prices inflation
Bosnia Israel
2024 1.7% 3.07%
2023 6.1% 4.23%
2022 14% 4.41%
2021 2% 1.48%
2020 -1.1% -0.58%
2019 0.6% 0.82%
2018 1.4% 0.81%
2017 0.8% 0.25%
2016 -1.6% -0.54%
2015 -1% -0.62%
2014 -0.9% 0.47%
2013 -0.1% 1.59%
2012 2.1% 1.68%
2011 4% 3.49%
2010 2.1% 2.7%
2009 -0.4% 3.37%
2008 7.4% 4.53%
2007 1.5% 0.47%
2006 6.1% 2.05%
2005 3.6% 1.34%
2004 0.3% -0.42%
2003 0.5% 0.71%
2002 0.3% 5.8%
2001 3.2% 1.12%
2000 5% 1.03%
1999 2.8% 5.19%
1998 -0.3% 5.49%
1997 5.7% 8.95%

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/israel | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 2.25% in Israel. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 3.07% in Israel.

Top exports between countries

Bosnia
Export category Export value
Processed food, beverages & tobacco $10.2M
Textiles & consumer goods $2.24M
Metals $1.81M
Machinery & equipment $1.77M
Weapons & explosives $770K
Raw materials & minerals $757K
Wood & paper products $127K
Chemicals & pharma $72K
Precious metals & jewellery $59K
Raw agricultural goods $32K
Israel
Export category Export value
Machinery & equipment $933K
Chemicals & pharma $370K
Wood & paper products $258K
Textiles & consumer goods $107K
Metals $106K
Raw materials & minerals $48K
Raw agricultural goods $20K
Processed food, beverages & tobacco $14K
Miscellaneous $9K
Precious metals & jewellery $5K

Balance of trade

Bosnia Israel
Current account balance
-$1.03B
2024
$15.5B
2024
Current account balance ranking
123/190
2024
21/190
2024
Current account balance, % of GDP
-3.47%
2024
+2.86%
2024
Goods imports
$14.8B
2024
$96.3B
2024
Goods exports
$8.36B
2024
$70B
2024
Service imports
$1.27B
2024
$44.4B
2024
Service exports
$3.74B
2024
$83.7B
2024
Imports of goods and services, % of GDP
54.3%
2024
26%
2024
Exports of goods and services, % of GDP
40.9%
2024
28.4%
2024

Economic freedom indices

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

Bosnia Israel
Economic freedom 63.1 68.4
Economic freedom ranking 83/197 47/197
Property rights 46.9 73.1
Government integrity 36.8 66.2
Judicial effectiveness 36.1 68.1
Tax burden 93.9 60.2
Government spending 48.4 52
Fiscal health 96.2 60.8
Business freedom 65.1 72.4
Labor freedom 62.7 56.8
Monetary freedom 77.5 78.2
Trade freedom 69 82.8
Investment freedom 65 70
Financial freedom 60 80

Economic freedom comparison by year

Bosnia and Herzegovina
Israel
1x
Year Economic freedom index
Bosnia Israel
2026 63.1 68.4
2025 63.5 69.9
2024 62 70.1
2023 62.9 68.9
2022 63.4 68
2021 62.9 73.8
2020 62.6 74
2019 61.9 72.8
2018 61.4 72.2
2017 60.2 69.7
2016 58.6 70.7
2015 59 70.5
2014 58.4 68.4
2013 57.3 66.9
2012 57.3 67.8
2011 57.5 68.5
2010 56.2 67.7
2009 53.1 67.6
2008 53.9 66.3
2007 54.4 64.8
2006 55.6 64.4
2005 48.8 62.6
2004 44.7 61.4
2003 40.6 62.7
2002 37.4 66.9
2001 36.6 66.1
2000 45.1 65.5
1999 29.4 68.3
1998 29.4 68
1997 - 62.7
1996 - 62
1995 - 61.5

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

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Israel
Services, % of GDP
56.6%
2024
72.5%
2024
Industry, % of GDP
22.4%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
1.28%
2024
GNI, Atlas method
$27.8B
2024
$528B
2024
GNI per capita, PPP
$24,990
2024
$56,790
2024
Total reserves including gold
$9.42B
2024
$215B
2024
Total reserves ranking
79/177
2024
18/177
2024
Net foreign direct investment
-$885M
2024
-$4.86B
2024
Net inflows of foreign direct investment
$1B
2024
$14.8B
2024
Net outflows of foreign direct investment
$119M
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
n/a
Poverty at national poverty lines
16.9%
2015
22%
2020
Gross capital formation, % of GDP
27.5%
2024
23.4%
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/israel | 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 (1998–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, 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)
  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.