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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $18.2B for Moldova, ranking 111/197 and 134/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Bosnia and Herzegovina vs Moldova GDP by year

Bosnia and Herzegovina
Moldova
1x
Year GDP, current $
Bosnia Moldova
2024 $29,613,572,023 $18,200,340,854
2023 $27,592,361,498 $16,711,906,746
2022 $24,534,663,636 $14,525,337,524
2021 $23,672,712,121 $13,691,869,264
2020 $20,226,038,370 $11,530,746,234
2019 $20,482,608,984 $11,736,797,055
2018 $20,484,058,033 $11,252,353,421
2017 $18,326,373,136 $9,514,404,016
2016 $17,116,926,554 $7,980,917,076
2015 $16,404,348,361 $7,797,667,197
2014 $18,558,734,107 $9,402,090,138
2013 $18,179,109,209 $9,496,717,876
2012 $17,226,735,996 $8,709,138,635
2011 $18,644,233,537 $8,414,352,020
2010 $17,176,315,804 $6,974,982,370
2009 $17,613,949,091 $5,439,434,272
2008 $19,112,796,623 $6,054,824,248
2007 $15,778,734,264 $4,401,173,152
2006 $12,864,841,906 $3,408,255,451
2005 $11,222,796,337 $2,988,342,907
2004 $10,156,541,221 $2,598,249,556
2003 $8,498,894,359 $1,980,907,435
2002 $6,728,220,983 $1,661,818,168
2001 $5,800,615,375 $1,480,673,594
2000 $5,567,772,769 $1,288,429,392
1999 $4,686,256,363 $1,170,782,957
1998 $4,116,774,301 $1,698,717,505
1997 $3,671,909,673 $1,930,081,169
1996 $2,786,045,322 $1,695,122,174
1995 $1,866,572,954 $1,752,999,370
1994 $1,255,802,469 $1,702,314,268
1993 $3,630,668,950 $2,371,813,324
1992 $4,735,044,707 $2,319,243,436
1991 $6,122,959,184 $3,094,565,871
1990 $7,753,478,261 $3,592,857,043

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Bosnia and Herzegovina vs Moldova by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $7,576 $18,615
2023 $8,663 $23,376 $6,800 $17,747
2022 $7,656 $21,651 $5,744 $16,453
2021 $7,295 $18,287 $5,275 $15,682
2020 $6,130 $16,370 $4,376 $13,527
2019 $6,122 $16,429 $4,405 $13,413
2018 $6,048 $14,859 $4,156 $11,868
2017 $5,345 $13,627 $3,453 $11,252
2016 $4,929 $12,899 $2,847 $10,326
2015 $4,662 $11,845 $2,750 $9,198
2014 $5,206 $11,168 $3,290 $8,643
2013 $5,035 $10,808 $3,321 $8,233
2012 $4,694 $10,121 $3,045 $7,255
2011 $4,983 $9,761 $2,941 $6,833
2010 $4,506 $9,086 $2,437 $6,323
2009 $4,540 $8,698 $1,898 $5,827
2008 $4,842 $8,587 $2,111 $6,153
2007 $3,931 $7,686 $1,531 $5,590
2006 $3,166 $6,869 $1,183 $5,271
2005 $2,740 $5,956 $1,034 $4,866
2004 $2,453 $5,407 $897 $4,378
2003 $2,034 $4,917 $682 $3,960
2002 $1,607 $4,665 $571 $3,633
2001 $1,388 $4,307 $507 $3,311
2000 $1,338 $4,148 $441 $3,045
1999 $1,135 $3,875 $399 $2,910
1998 $1,007 $3,524 $579 $2,965
1997 $914 $3,041 $657 $3,136
1996 $719 $2,269 $575 $3,021
1995 $502 $1,507 $594 $3,146
1994 $337 $1,269 $574 $3,111
1993 $930 $1,067 $797 $4,394
1992 $1,118 $982 $778 $4,337
1991 $1,373 $975 $1,038 $5,980
1990 $1,743 $1,043 $1,207 $6,895

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Moldova ranks 100th at $18,615.

Economic indicators

Bosnia Moldova
Gross domestic product
$29.6B
2024
$18.2B
2024
GDP rank
111/197
2024
134/197
2024
GDP growth
2.97%
2023-2024
0.1%
2023-2024
GDP per capita
$9,359
2024
$7,576
2024
GDP per capita rank
87/197
2024
99/197
2024
GDP per capita, PPP
$25,043
2024
$18,615
2024
GDP per capita PPP rank
83/197
2024
100/197
2024
Government debt
$8.74B
2024
$7.06B
2024
Debt-to-GDP ratio
29.5%
2024
38.8%
2024
Government debt per person
$2,763
2024
$2,938
2024
Government debt per person rank
107/185
2024
102/185
2024
Average annual personal income after taxes
$8,501
2026
$4,291
2026
Income share by richest 10%
25.1%
2011
22.8%
2023
Income share by poorest 10%
2.9%
2011
4.3%
2023
Government expenditure, % of GDP
43.3%
2024
38%
2024
Consumer prices inflation
1.7%
2023-2024
4.68%
2023-2024
Central bank interest rate n/a
6%
2025
Unemployment rate
10.7%
2024
1.43%
2024
Population
3116111
2341166

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Bosnia Moldova
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 38% 38.8%
2023 41.7% 29% 38.8% 34.9%
2022 39.4% 31.2% 36.6% 35%
2021 40.6% 35.8% 34.6% 33.6%
2020 45.4% 37.2% 36.7% 36.6%
2019 39.9% 32.8% 32% 28.8%
2018 40.4% 34.5% 31.5% 31.8%
2017 40% 38.6% 31% 34.9%
2016 41.5% 44.9% 30.5% 39.7%
2015 42.7% 46.4% 31.7% 42.1%
2014 46.2% 47.1% 33.8% 35.4%
2013 44.5% 43.8% 32.4% 30%
2012 46.9% 43.6% 33.7% 31.3%
2011 46.4% 40.9% 32.6% 24.2%
2010 48.7% 42.2% 34.1% 25.5%
2009 49% 36.4% 45.3% 32.6%
2008 48.4% 30.3% 41.5% 22.2%
2007 45.2% 18.2% 42.7% 28.3%
2006 44.2% 20.6% 40.3% 35%
2005 44.5% 24.9% 37.1% 40.4%
2004 45.6% 25.5% 34.8% 49.3%
2003 47.3% 27.6% 33.5% 68.1%
2002 47.4% 31.1% 30.7% 80.3%
2001 50.2% 35.1% 29.5% 85.4%
2000 56.2% 34.6% 34% 89.1%
1999 57.5% 56% 33% 150.7%
1998 54.4% 54.4% 39.1% 159.4%
1997 - - 46% 89%
1996 - - 43.3% 87.5%
1995 - - 42% 79.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 38.8% in Moldova, ranking 159/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Moldova
1x
Year Deficit/surplus, % of GDP
Bosnia Moldova
2024 -1.88% -3.88%
2023 -1.67% -5.13%
2022 0.15% -3.24%
2021 -0.18% -2.62%
2020 -4.5% -5.32%
2019 1.37% -1.47%
2018 1.63% -0.85%
2017 1.79% -0.65%
2016 0.34% -1.56%
2015 -0.19% -1.93%
2014 -2.87% -1.6%
2013 -1.28% -1.57%
2012 -2.68% -1.93%
2011 -2.73% -2.05%
2010 -4.06% -2.18%
2009 -5.34% -6.38%
2008 -3.82% -0.87%
2007 0.17% 0.15%
2006 2.08% -0.42%
2005 0.74% 1.44%
2004 -0.18% 0.59%
2003 -0.44% 0.47%
2002 -2.99% -1.18%
2001 -3.44% -0.34%
2000 -4.63% -3.55%
1999 -2.78% -2.64%
1998 -0.98% -1.52%
1997 - -7.47%
1996 - -7.42%
1995 - -2.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/moldova | 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 Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Moldova ran a deficit in 23 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 1.86% of GDP for Moldova.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Moldova
1x
Year Consumer prices inflation
Bosnia Moldova
2024 1.7% 4.68%
2023 6.1% 13.4%
2022 14% 28.7%
2021 2% 5.11%
2020 -1.1% 3.77%
2019 0.6% 4.84%
2018 1.4% 3.05%
2017 0.8% 6.57%
2016 -1.6% 6.36%
2015 -1% 9.68%
2014 -0.9% 5.09%
2013 -0.1% 4.6%
2012 2.1% 4.55%
2011 4% 7.69%
2010 2.1% 7.48%
2009 -0.4% -0.06%
2008 7.4% 12.8%
2007 1.5% 12.4%
2006 6.1% 12.8%
2005 3.6% 12%
2004 0.3% 12.5%
2003 0.5% 11.7%
2002 0.3% 5.3%
2001 3.2% 9.76%
2000 5% 31.3%
1999 2.8% 39.3%
1998 -0.3% 7.7%
1997 5.7% 11.8%

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/moldova | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 10.5% in Moldova. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 4.68% in Moldova.

Top exports between countries

Bosnia
Export category Export value
Chemicals & pharma $2.57M
Raw materials & minerals $1.03M
Metals $674K
Miscellaneous $95K
Machinery & equipment $75K
Raw agricultural goods $67K
Wood & paper products $66K
Weapons & explosives $56K
Textiles & consumer goods $48K
Processed food, beverages & tobacco $10K
Moldova
Export category Export value
Raw agricultural goods $1.78M
Processed food, beverages & tobacco $1.12M
Textiles & consumer goods $922K
Machinery & equipment $113K
Chemicals & pharma $57K
Wood & paper products $30K
Metals $10K

Balance of trade

Bosnia Moldova
Current account balance
-$1.03B
2024
-$3.01B
2024
Current account balance ranking
123/190
2024
156/190
2024
Current account balance, % of GDP
-3.47%
2024
-16.6%
2024
Goods imports
$14.8B
2024
$8.63B
2024
Goods exports
$8.36B
2024
$3.01B
2024
Service imports
$1.27B
2024
$1.8B
2024
Service exports
$3.74B
2024
$2.73B
2024
Imports of goods and services, % of GDP
54.3%
2024
57.3%
2024
Exports of goods and services, % of GDP
40.9%
2024
31.4%
2024

Economic freedom indices

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

Bosnia Moldova
Economic freedom 63.1 58.1
Economic freedom ranking 83/197 112/197
Property rights 46.9 40.4
Government integrity 36.8 45.1
Judicial effectiveness 36.1 32.4
Tax burden 93.9 87.9
Government spending 48.4 57.2
Fiscal health 96.2 70.3
Business freedom 65.1 68.3
Labor freedom 62.7 48.1
Monetary freedom 77.5 66
Trade freedom 69 76.8
Investment freedom 65 55
Financial freedom 60 50

Economic freedom comparison by year

Bosnia and Herzegovina
Moldova
1x
Year Economic freedom index
Bosnia Moldova
2026 63.1 58.1
2025 63.5 58.3
2024 62 57.1
2023 62.9 58.5
2022 63.4 61.3
2021 62.9 62.5
2020 62.6 62
2019 61.9 59.1
2018 61.4 58.4
2017 60.2 58
2016 58.6 57.4
2015 59 57.5
2014 58.4 57.3
2013 57.3 55.5
2012 57.3 54.4
2011 57.5 55.7
2010 56.2 53.7
2009 53.1 54.9
2008 53.9 57.9
2007 54.4 58.7
2006 55.6 58
2005 48.8 57.4
2004 44.7 57.1
2003 40.6 60
2002 37.4 57.4
2001 36.6 54.9
2000 45.1 59.6
1999 29.4 56.1
1998 29.4 53.5
1997 - 48.9
1996 - 52.5
1995 - 33

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

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Moldova
Services, % of GDP
56.6%
2024
62.3%
2024
Industry, % of GDP
22.4%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
7.11%
2024
GNI, Atlas method
$27.8B
2024
$16.5B
2024
GNI per capita, PPP
$24,990
2024
$18,710
2024
Total reserves including gold
$9.42B
2024
$5.48B
2024
Total reserves ranking
79/177
2024
96/177
2024
Net foreign direct investment
-$885M
2024
-$360M
2024
Net inflows of foreign direct investment
$1B
2024
$458M
2024
Net outflows of foreign direct investment
$119M
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
6.22%
2024
Poverty at national poverty lines
16.9%
2015
31.6%
2023
Gross capital formation, % of GDP
27.5%
2024
21.1%
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/moldova | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2023–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.