Bosnia and Herzegovina vs North Macedonia: Economic Indicators Comparison

Bosnia and Herzegovina with a GDP of $20.2B ranked the 115th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Bosnia and Herzegovina and North Macedonia ranked 105th vs 110th and 101st vs 100th, respectively.

Gross Domestic Product & Income

StatBosnia and HerzegovinaNorth Macedonia
GDP$20.2B$12.7B
GDP growth, 1 year3.1%2.7%
GDP growth, 5-years average2.7%2.6%
Population3.5M2.1M
GDP per capita$6.1k$6.1k
GDP per capita growth4.48%2.62%
Purchasing Power Parity conversion factor0.6919.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.37
GDP per capita, PPP adjusted$13k$16k
GNI, Atlas method$19.1B$11.4B
GNI per capita$5.7k$5.5k
GNI, PPP adjusted$48.5B$32.6B
GNI per capita, PPP adjusted$15k$16k

Financial system and Human development

StatBosnia and HerzegovinaNorth Macedonia
Income Tax Rate10%10%
Corporate Tax Rate10%10%
Inflation, consumer prices1.4%1.5%
Inflation, GDP deflator2.8%4.3%
Unemployment20.8%21.6%
Economic Freedom Index62.669.5
Personal Freedom Index88.17
Human Freedom Index7.277.55
Property Rights Index44.462.5
Judical Effectiveness Index33.942.7
Business Freedom Index45.780.6
Fiscal Health Index97.387.7
Labor Freedom Index67.467
Investment Freedom Index6565
Financial Freedom Index6060
Trade Freedom Index8086.2
Monetary Freedom Index82.777.7
Government Spending Index49.371
Tax Burden Index83.691.5
Government Integrity Index41.842.2
Corruption Perceptions Index3837
Life expectancy at birth, years77.175.6
Suicide mortality rate, per 100,000 people8.87.9
Mortality caused by road traffic injury, per 100,000 people15.76.4
Intentional homicides, per 100,000 people1.21.5
International tourism, number of arrivals1.1M707k

Government debt & reserves

StatBosnia and HerzegovinaNorth Macedonia
Central government debt, % of GDP37%39.5%
External debt stocks, % of GNI80.4%72%
External debt stocks$15.8B$8.7B
Short-term debt, % of total reserves3.9%40.9%
Total debt service, % of exports and primary income10.8%16.6%
Adjusted net savings including particulate emission damage, % of GNIN/A15.4%
Gross savings, % of GDP15.2%33%
Gross capital formation, % of GDP20.9%33%
Total reserves including gold$6.8B$3.3B
Foreign direct investment net inflows$488.9M$648.7M

Exports, imports and economic structure

StatBosnia and HerzegovinaNorth Macedonia
Exports of goods and services, % of GDP40.6%60.3%
Imports of goods and services, % of GDP55.8%72.9%
Current account balance (balance of payments)-$750.6M-$25.6M
Revenue excluding grants, % of GDP38.9%26.8%
Grants excluding technical cooperation, BoP$226.2M$133.8M
Personal remittances received$2.1B$344.5M
Industry including construction value added, % of GDP24.5%23.6%
Agriculture, forestry and fishing value added, % of GDP5.9%7.2%
Charges for the use of intellectual property, payments BoP$8.4M$188.8M
Charges for the use of intellectual property, receipts BoP$26.8M$11.8M
Expense, % of GDP35.1%27.9%
Government Expenditure, % of GDP41.1%31.1%

Compare with countries close by GDP per capita

Bosnia and Herzegovina vs

CountryGDP
per capita
Population
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k