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Economy of Bosnia and Herzegovina vs North Korea compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $34.9B for North Korea, ranking 111/197 and 106/197 by economy size, respectively.

Bosnia and Herzegovina vs North Korea GDP by year

Bosnia and Herzegovina
North Korea
1x
Year GDP, current $
Bosnia North Korea
2024 $29,613,572,023 $34,943,120,000
2023 $27,592,361,498 $32,155,360,000
2022 $24,534,663,636 $28,971,360,000
2021 $23,672,712,121 $32,301,720,000
2020 $20,226,038,370 $27,728,240,000
2019 $20,482,608,984 $28,222,880,000
2018 $20,484,058,033 $28,536,400,000
2017 $18,326,373,136 $29,105,440,000
2016 $17,116,926,554 $28,882,640,000
2015 $16,404,348,361 $30,723,030,000
2014 $18,558,734,107 $30,554,460,000
2013 $18,179,109,209 $30,588,922,000
2012 $17,226,735,996 $29,890,710,000
2011 $18,644,233,537 $29,005,020,000
2010 $17,176,315,804 $25,995,513,000
2009 $17,613,949,091 $23,356,470,000
2008 $19,112,796,623 -
2007 $15,778,734,264 -
2006 $12,864,841,906 -
2005 $11,222,796,337 -
2004 $10,156,541,221 -
2003 $8,498,894,359 -
2002 $6,728,220,983 -
2001 $5,800,615,375 -
2000 $5,567,772,769 -
1999 $4,686,256,363 -
1998 $4,116,774,301 -
1997 $3,671,909,673 -
1996 $2,786,045,322 -
1995 $1,866,572,954 -
1994 $1,255,802,469 -
1993 $3,630,668,950 -
1992 $4,735,044,707 -
1991 $6,122,959,184 -
1990 $7,753,478,261 -

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

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

GDP per capita in Bosnia and Herzegovina vs North Korea by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $1,319 -
2023 $8,663 $23,376 $1,217 -
2022 $7,656 $21,651 $1,100 -
2021 $7,295 $18,287 $1,231 -
2020 $6,130 $16,370 $1,061 -
2019 $6,122 $16,429 $1,084 -
2018 $6,048 $14,859 $1,100 -
2017 $5,345 $13,627 $1,127 -
2016 $4,929 $12,899 $1,124 -
2015 $4,662 $11,845 $1,201 $1,700
2014 $5,206 $11,168 $1,201 $1,800
2013 $5,035 $10,808 $1,208 -
2012 $4,694 $10,121 $1,186 -
2011 $4,983 $9,761 $1,156 $1,800
2010 $4,506 $9,086 $1,040 -
2009 $4,540 $8,698 $939 $1,800
2008 $4,842 $8,587 - $1,800
2007 $3,931 $7,686 - $1,700
2006 $3,166 $6,869 - $1,800
2005 $2,740 $5,956 - $1,700
2004 $2,453 $5,407 - $1,700
2003 $2,034 $4,917 - $1,300
2002 $1,607 $4,665 - $1,000
2001 $1,388 $4,307 - -
2000 $1,338 $4,148 - $1,000
1999 $1,135 $3,875 - $1,000
1998 $1,007 $3,524 - -
1997 $914 $3,041 - -
1996 $719 $2,269 - -
1995 $502 $1,507 - -
1994 $337 $1,269 - -
1993 $930 $1,067 - -
1992 $1,118 $982 - -
1991 $1,373 $975 - -
1990 $1,743 $1,043 - -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while North Korea ranks 193rd at $1,700.

Economic indicators

Bosnia North Korea
Gross domestic product
$29.6B
2024
$34.9B
2024
GDP rank
111/197
2024
106/197
2024
GDP growth
2.97%
2023-2024
n/a
GDP per capita
$9,359
2024
$1,319
2024
GDP per capita rank
87/197
2024
168/197
2024
GDP per capita, PPP
$25,043
2024
$1,700
2015
GDP per capita PPP rank
83/197
2024
193/197
2015
Government debt
$8.74B
2024
n/a
Debt-to-GDP ratio
29.5%
2024
n/a
Government debt per person
$2,763
2024
n/a
Government debt per person rank
107/185
2024
n/a
Average annual personal income after taxes
$8,501
2026
$1,426
2026
Income share by richest 10%
25.1%
2011
n/a
Income share by poorest 10%
2.9%
2011
n/a
Government expenditure, % of GDP
43.3%
2024
n/a
Consumer prices inflation
1.7%
2023-2024
n/a
Unemployment rate
10.7%
2024
25.6%
2013
Population
3116111
26659144

Top exports between countries

Bosnia
Export category Export value
Raw materials & minerals $95K
Wood & paper products $2K
North Korea
Export category Export value

Balance of trade

Bosnia North Korea
Current account balance
-$1.03B
2024
n/a
Current account balance ranking
123/190
2024
n/a
Current account balance, % of GDP
-3.47%
2024
n/a
Goods imports
$14.8B
2024
n/a
Goods exports
$8.36B
2024
n/a
Service imports
$1.27B
2024
n/a
Service exports
$3.74B
2024
n/a
Imports of goods and services, % of GDP
54.3%
2024
n/a
Exports of goods and services, % of GDP
40.9%
2024
n/a

Economic freedom indices

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

Bosnia North Korea
Economic freedom 63.1 3.1
Economic freedom ranking 83/197 197/197
Property rights 46.9 16.3
Government integrity 36.8 4.3
Judicial effectiveness 36.1 6.3
Tax burden 93.9 0
Government spending 48.4 0
Fiscal health 96.2 0
Business freedom 65.1 5
Labor freedom 62.7 5
Monetary freedom 77.5 0
Trade freedom 69 0
Investment freedom 65 0
Financial freedom 60 0

Economic freedom comparison by year

Bosnia and Herzegovina
North Korea
1x
Year Economic freedom index
Bosnia North Korea
2026 63.1 3.1
2025 63.5 3
2024 62 2.9
2023 62.9 2.9
2022 63.4 3
2021 62.9 5.2
2020 62.6 4.2
2019 61.9 5.9
2018 61.4 5.8
2017 60.2 4.9
2016 58.6 2.3
2015 59 1.3
2014 58.4 1
2013 57.3 1.5
2012 57.3 1
2011 57.5 1
2010 56.2 1
2009 53.1 2
2008 53.9 3
2007 54.4 3
2006 55.6 4
2005 48.8 8
2004 44.7 8.9
2003 40.6 8.9
2002 37.4 8.9
2001 36.6 8.9
2000 45.1 8.9
1999 29.4 8.9
1998 29.4 8.9
1997 - 8.9
1996 - 8.9
1995 - 8.9

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

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia North Korea
Services, % of GDP
56.6%
2024
n/a
Industry, % of GDP
22.4%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
n/a
GNI, Atlas method
$27.8B
2024
n/a
GNI per capita, PPP
$24,990
2024
n/a
Total reserves including gold
$9.42B
2024
n/a
Total reserves ranking
79/177
2024
n/a
Net foreign direct investment
-$885M
2024
n/a
Net inflows of foreign direct investment
$1B
2024
$203K
1989
Net outflows of foreign direct investment
$119M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
n/a
Poverty at national poverty lines
16.9%
2015
n/a
Gross capital formation, % of GDP
27.5%
2024
n/a

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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. TradeMap (2022, 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.