Skip to content

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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $1.86T for Mexico, ranking 111/197 and 13/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $1.08T (58.3% of GDP) in Mexico.

Bosnia and Herzegovina vs Mexico GDP by year

Bosnia and Herzegovina
Mexico
1x
Year GDP, current $
Bosnia Mexico
2024 $29,613,572,023 $1,856,365,616,166
2023 $27,592,361,498 $1,798,317,581,487
2022 $24,534,663,636 $1,466,934,724,293
2021 $23,672,712,121 $1,316,569,466,686
2020 $20,226,038,370 $1,121,064,767,308
2019 $20,482,608,984 $1,304,106,203,902
2018 $20,484,058,033 $1,256,300,182,880
2017 $18,326,373,136 $1,190,721,475,906
2016 $17,116,926,554 $1,112,233,497,453
2015 $16,404,348,361 $1,213,294,467,717
2014 $18,558,734,107 $1,364,507,717,614
2013 $18,179,109,209 $1,327,436,290,283
2012 $17,226,735,996 $1,255,110,424,818
2011 $18,644,233,537 $1,229,013,703,417
2010 $17,176,315,804 $1,105,424,238,731
2009 $17,613,949,091 $943,437,415,025
2008 $19,112,796,623 $1,161,553,459,715
2007 $15,778,734,264 $1,102,355,554,972
2006 $12,864,841,906 $1,020,265,057,882
2005 $11,222,796,337 $917,571,853,529
2004 $10,156,541,221 $819,459,227,375
2003 $8,498,894,359 $765,549,967,703
2002 $6,728,220,983 $810,666,116,402
2001 $5,800,615,375 $796,064,590,549
2000 $5,567,772,769 $742,061,329,749
1999 $4,686,256,363 $631,249,359,702
1998 $4,116,774,301 $557,461,102,631
1997 $3,671,909,673 $523,449,530,464
1996 $2,786,045,322 $432,157,945,024
1995 $1,866,572,954 $380,157,469,867
1994 $1,255,802,469 $553,618,247,901
1993 $3,630,668,950 $530,160,763,663
1992 $4,735,044,707 $363,157,832,924
1991 $6,122,959,184 $313,139,656,146
1990 $7,753,478,261 $261,253,675,693
1989 - $221,403,098,267
1988 - $181,611,150,497
1987 - $147,542,558,209
1986 - $134,556,034,673
1985 - $195,241,069,482
1984 - $184,230,754,105
1983 - $156,167,000,433
1982 - $184,602,611,610
1981 - $263,797,827,860
1980 - $205,577,055,466
1979 - $134,531,900,899
1978 - $102,648,570,299
1977 - $81,912,018,784
1976 - $88,875,923,765
1975 - $88,000,000,000
1974 - $72,000,000,000
1973 - $55,280,000,000
1972 - $45,200,000,000
1971 - $39,200,000,000
1970 - $35,520,000,000
1969 - $32,480,000,000
1968 - $29,360,000,000
1967 - $26,560,000,000
1966 - $24,320,000,000
1965 - $21,840,000,000
1964 - $20,080,000,000
1963 - $16,960,000,000
1962 - $15,200,000,000
1961 - $14,160,000,000
1960 - $13,040,000,000

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

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

GDP per capita in Bosnia and Herzegovina vs Mexico by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $14,186 $26,185
2023 $8,663 $23,376 $13,861 $25,243
2022 $7,656 $21,651 $11,406 $23,135
2021 $7,295 $18,287 $10,314 $20,783
2020 $6,130 $16,370 $8,841 $19,354
2019 $6,122 $16,429 $10,370 $20,964
2018 $6,048 $14,859 $10,085 $20,921
2017 $5,345 $13,627 $9,649 $20,489
2016 $4,929 $12,899 $9,098 $20,105
2015 $4,662 $11,845 $10,021 $19,071
2014 $5,206 $11,168 $11,391 $18,821
2013 $5,035 $10,808 $11,217 $18,170
2012 $4,694 $10,121 $10,744 $18,005
2011 $4,983 $9,761 $10,664 $17,267
2010 $4,506 $9,086 $9,729 $15,909
2009 $4,540 $8,698 $8,424 $15,191
2008 $4,842 $8,587 $10,524 $15,681
2007 $3,931 $7,686 $10,134 $15,032
2006 $3,166 $6,869 $9,513 $14,540
2005 $2,740 $5,956 $8,672 $13,260
2004 $2,453 $5,407 $7,850 $12,658
2003 $2,034 $4,917 $7,434 $12,066
2002 $1,607 $4,665 $7,983 $11,762
2001 $1,388 $4,307 $7,953 $11,739
2000 $1,338 $4,148 $7,524 $11,705
1999 $1,135 $3,875 $6,500 $11,031
1998 $1,007 $3,524 $5,833 $10,756
1997 $914 $3,041 $5,567 $10,182
1996 $719 $2,269 $4,674 $9,496
1995 $502 $1,507 $4,184 $8,933
1994 $337 $1,269 $6,202 $9,466
1993 $930 $1,067 $6,048 $9,041
1992 $1,118 $982 $4,221 $9,470
1991 $1,373 $975 $3,709 $9,079
1990 $1,743 $1,043 $3,154 $8,578
1989 - - $2,725 -
1988 - - $2,279 -
1987 - - $1,888 -
1986 - - $1,757 -
1985 - - $2,602 -
1984 - - $2,506 -
1983 - - $2,170 -
1982 - - $2,621 -
1981 - - $3,829 -
1980 - - $3,055 -
1979 - - $2,049 -
1978 - - $1,604 -
1977 - - $1,315 -
1976 - - $1,465 -
1975 - - $1,492 -
1974 - - $1,256 -
1973 - - $993 -
1972 - - $837 -
1971 - - $748 -
1970 - - $699 -
1969 - - $660 -
1968 - - $616 -
1967 - - $576 -
1966 - - $545 -
1965 - - $506 -
1964 - - $481 -
1963 - - $420 -
1962 - - $388 -
1961 - - $374 -
1960 - - $355 -

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

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $14,186 in Mexico, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Mexico ranks 80th at $26,185.

Economic indicators

Bosnia Mexico
Gross domestic product
$29.6B
2024
$1.86T
2024
GDP rank
111/197
2024
13/197
2024
GDP growth
2.97%
2023-2024
1.43%
2023-2024
GDP per capita
$9,359
2024
$14,186
2024
GDP per capita rank
87/197
2024
69/197
2024
GDP per capita, PPP
$25,043
2024
$26,185
2024
GDP per capita PPP rank
83/197
2024
80/197
2024
Government debt
$8.74B
2024
$1.08T
2024
Debt-to-GDP ratio
29.5%
2024
58.3%
2024
Government debt per person
$2,763
2024
$8,272
2024
Government debt per person rank
107/185
2024
63/185
2024
Average annual personal income after taxes
$8,501
2026
$10,231
2026
Market capitalization of domestic companies n/a
$418B
2024
Number of millionaires n/a
399,000
2025
Number of billionaires n/a
22
2025
Income share by richest 10%
25.1%
2011
34.4%
2022
Income share by poorest 10%
2.9%
2011
2.1%
2022
Government expenditure, % of GDP
43.3%
2024
30.3%
2024
Consumer prices inflation
1.7%
2023-2024
4.72%
2023-2024
Central bank interest rate n/a
7%
2025
Unemployment rate
10.7%
2024
2.62%
2024
Population
3116111
133323134

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Bosnia Mexico
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 30.3% 58.3%
2023 41.7% 29% 28.5% 52.6%
2022 39.4% 31.2% 28.5% 53.8%
2021 40.6% 35.8% 26.7% 56.7%
2020 45.4% 37.2% 27.8% 58.5%
2019 39.9% 32.8% 25.3% 51.9%
2018 40.4% 34.5% 25% 52.2%
2017 40% 38.6% 25% 52.5%
2016 41.5% 44.9% 26.5% 55%
2015 42.7% 46.4% 26.6% 51%
2014 46.2% 47.1% 26.9% 47.1%
2013 44.5% 43.8% 26.7% 44.1%
2012 46.9% 43.6% 27% 40.8%
2011 46.4% 40.9% 26.6% 41.2%
2010 48.7% 42.2% 26.5% 40.2%
2009 49% 36.4% 26.5% 41.7%
2008 48.4% 30.3% 26.5% 40.6%
2007 45.2% 18.2% 22.5% 35.5%
2006 44.2% 20.6% 21.6% 35.8%
2005 44.5% 24.9% 21.2% 36.8%
2004 45.6% 25.5% 20.5% 38.9%
2003 47.3% 27.6% 21.5% 42.1%
2002 47.4% 31.1% 19.8% 39.9%
2001 50.2% 35.1% 19.5% 37.3%
2000 56.2% 34.6% 19.4% 38.5%
1999 57.5% 56% 20.1% 41.7%
1998 54.4% 54.4% 19.5% 39.7%
1997 - - 20.7% 39.1%
1996 - - 20.8% 42.5%
1995 - - 18.9% 30.7%
1994 - - 18.9% 26.8%
1993 - - 18.2% 19.2%
1992 - - 19% 21.5%
1991 - - 20.1% 29.2%
1990 - - 22.9% 35.7%
1989 - - 19.2% 36%
1988 - - 23.6% 36.5%
1987 - - 26.7% 52.7%
1986 - - 25.1% 47.8%
1985 - - 21.4% 30.4%
1984 - - 19.8% 25.2%
1983 - - 21.6% 25.3%
1982 - - 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

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/mexico | CC BY

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Mexico spent $563B, or 30.3% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 58.3% in Mexico, ranking 159/185 and 84/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Mexico
1x
Year Deficit/surplus, % of GDP
Bosnia Mexico
2024 -1.88% -5.73%
2023 -1.67% -4.29%
2022 0.15% -4.32%
2021 -0.18% -3.75%
2020 -4.5% -4.29%
2019 1.37% -2.27%
2018 1.63% -2.14%
2017 1.79% -1.03%
2016 0.34% -2.68%
2015 -0.19% -3.86%
2014 -2.87% -4.37%
2013 -1.28% -3.56%
2012 -2.68% -3.57%
2011 -2.73% -3.2%
2010 -4.06% -3.8%
2009 -5.34% -3.94%
2008 -3.82% -0.68%
2007 0.17% -1.46%
2006 2.08% -1.23%
2005 0.74% -1.43%
2004 -0.18% -1.35%
2003 -0.44% -2.24%
2002 -2.99% -2.18%
2001 -3.44% -2.57%
2000 -4.63% -2.69%
1999 -2.78% -4.49%
1998 -0.98% -4.49%
1997 - -3.48%
1996 - -3.66%
1995 - -2.28%
1994 - -2.25%
1993 - -1.51%
1992 - 2.26%
1991 - 1.49%
1990 - -3.11%
1989 - -4.75%
1988 - -8.76%
1987 - -11.6%
1986 - -11.2%
1985 - -7.2%
1984 - -5.79%
1983 - -6.03%
1982 - -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 - -1.12%
1943 - 0.05%
1942 - -0.93%
1941 - -0.26%
1940 - -0.4%
1939 - -0.06%
1938 - -0.91%
1937 - -0.41%
1936 - -0.39%
1935 - 0.26%
1934 - 0.72%
1933 - -0.58%
1932 - 0%
1931 - 0.71%
1930 - 0.21%
1929 - 0.95%
1928 - 0.24%
1927 - -0.3%
1926 - -0.29%
1925 - 0.46%
1924 - 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/mexico | 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 Mexico's deficit of $106B, or 5.73% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Mexico ran a deficit in 27 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 3.02% of GDP for Mexico.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Mexico
1x
Year Consumer prices inflation
Bosnia Mexico
2024 1.7% 4.72%
2023 6.1% 5.53%
2022 14% 7.9%
2021 2% 5.69%
2020 -1.1% 3.4%
2019 0.6% 3.64%
2018 1.4% 4.9%
2017 0.8% 6.04%
2016 -1.6% 2.82%
2015 -1% 2.72%
2014 -0.9% 4.02%
2013 -0.1% 3.81%
2012 2.1% 4.11%
2011 4% 3.41%
2010 2.1% 4.16%
2009 -0.4% 5.3%
2008 7.4% 5.12%
2007 1.5% 3.97%
2006 6.1% 3.63%
2005 3.6% 3.99%
2004 0.3% 4.69%
2003 0.5% 4.55%
2002 0.3% 5.03%
2001 3.2% 6.37%
2000 5% 9.49%
1999 2.8% 16.6%
1998 -0.3% 15.9%
1997 5.7% 20.6%

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/mexico | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 6.15% in Mexico. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 4.72% in Mexico.

Top exports between countries

Bosnia
Export category Export value
Metals $7.17M
Machinery & equipment $4.23M
Raw materials & minerals $1.28M
Chemicals & pharma $216K
Textiles & consumer goods $123K
Wood & paper products $99K
Precious metals & jewellery $1K
Mexico
Export category Export value
Machinery & equipment $31K

Balance of trade

Bosnia Mexico
Current account balance
-$1.03B
2024
-$16.7B
2024
Current account balance ranking
123/190
2024
181/190
2024
Current account balance, % of GDP
-3.47%
2024
-0.9%
2024
Goods imports
$14.8B
2024
$637B
2024
Goods exports
$8.36B
2024
$618B
2024
Service imports
$1.27B
2024
$72B
2024
Service exports
$3.74B
2024
$63B
2024
Imports of goods and services, % of GDP
54.3%
2024
37.9%
2024
Exports of goods and services, % of GDP
40.9%
2024
36.7%
2024

Economic freedom indices

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

Bosnia Mexico
Economic freedom 63.1 59.8
Economic freedom ranking 83/197 102/197
Property rights 46.9 37.6
Government integrity 36.8 28.8
Judicial effectiveness 36.1 40.4
Tax burden 93.9 75.4
Government spending 48.4 74.6
Fiscal health 96.2 56.7
Business freedom 65.1 67
Labor freedom 62.7 57.3
Monetary freedom 77.5 70.6
Trade freedom 69 74.2
Investment freedom 65 75
Financial freedom 60 60

Economic freedom comparison by year

Bosnia and Herzegovina
Mexico
1x
Year Economic freedom index
Bosnia Mexico
2026 63.1 59.8
2025 63.5 61.3
2024 62 62
2023 62.9 63.2
2022 63.4 63.7
2021 62.9 65.5
2020 62.6 66
2019 61.9 64.7
2018 61.4 64.8
2017 60.2 63.6
2016 58.6 65.2
2015 59 66.4
2014 58.4 66.8
2013 57.3 67
2012 57.3 65.3
2011 57.5 67.8
2010 56.2 68.3
2009 53.1 65.8
2008 53.9 66.2
2007 54.4 66
2006 55.6 64.7
2005 48.8 65.2
2004 44.7 66
2003 40.6 65.3
2002 37.4 63
2001 36.6 60.6
2000 45.1 59.3
1999 29.4 58.5
1998 29.4 57.9
1997 - 57.1
1996 - 61.2
1995 - 63.1

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

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Mexico
Services, % of GDP
56.6%
2024
58.1%
2024
Industry, % of GDP
22.4%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
3.72%
2024
GNI, Atlas method
$27.8B
2024
$1.68T
2024
GNI per capita, PPP
$24,990
2024
$25,460
2024
Total reserves including gold
$9.42B
2024
$232B
2024
Total reserves ranking
79/177
2024
16/177
2024
Net foreign direct investment
-$885M
2024
-$32.3B
2024
Net inflows of foreign direct investment
$1B
2024
$45.5B
2024
Net outflows of foreign direct investment
$119M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
3.71%
2024
Poverty at national poverty lines
16.9%
2015
29.6%
2024
Gross capital formation, % of GDP
27.5%
2024
24.1%
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/mexico | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (1900–1995, 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.