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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $107B for Oman, ranking 111/197 and 70/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $38B (35.5% of GDP) in Oman.

Bosnia and Herzegovina vs Oman GDP by year

Bosnia and Herzegovina
Oman
1x
Year GDP, current $
Bosnia Oman
2024 $29,613,572,023 $107,137,198,769
2023 $27,592,361,498 $106,174,708,037
2022 $24,534,663,636 $109,852,795,839
2021 $23,672,712,121 $87,323,797,139
2020 $20,226,038,370 $75,909,492,848
2019 $20,482,608,984 $88,060,858,257
2018 $20,484,058,033 $91,505,851,756
2017 $18,326,373,136 $80,856,697,009
2016 $17,116,926,554 $75,128,738,622
2015 $16,404,348,361 $78,710,793,238
2014 $18,558,734,107 $92,699,089,727
2013 $18,179,109,209 $89,936,020,806
2012 $17,226,735,996 $87,408,842,653
2011 $18,644,233,537 $77,497,529,259
2010 $17,176,315,804 $64,993,498,049
2009 $17,613,949,091 $55,454,096,229
2008 $19,112,796,623 $69,804,681,404
2007 $15,778,734,264 $48,300,390,117
2006 $12,864,841,906 $42,577,633,290
2005 $11,222,796,337 $35,506,892,068
2004 $10,156,541,221 $28,378,933,680
2003 $8,498,894,359 $24,733,680,104
2002 $6,728,220,983 $23,065,539,662
2001 $5,800,615,375 $22,205,721,717
2000 $5,567,772,769 $22,259,557,867
1999 $4,686,256,363 $17,832,769,831
1998 $4,116,774,301 $16,044,213,264
1997 $3,671,909,673 $18,039,791,938
1996 $2,786,045,322 $17,402,080,624
1995 $1,866,572,954 $15,722,236,671
1994 $1,255,802,469 $14,715,214,564
1993 $3,630,668,950 $14,230,429,129
1992 $4,735,044,707 $14,183,615,085
1991 $6,122,959,184 $12,918,335,501
1990 $7,753,478,261 $13,310,273,082
1989 - $9,372,171,651
1988 - $8,386,215,865
1987 - $7,811,183,095
1986 - $7,324,167,369
1985 - $10,005,645,420
1984 - $8,821,443,151
1983 - $7,932,541,691
1982 - $7,554,719,456
1981 - $7,259,120,151
1980 - $5,981,760,278
1979 - $3,733,352,635
1978 - $2,740,301,390
1977 - $2,741,169,948
1976 - $2,560,220,035
1975 - $2,096,699,189
1974 - $1,645,917,776
1973 - $483,066,991
1972 - $366,883,548
1971 - $301,010,587
1970 - $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

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

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

GDP per capita in Bosnia and Herzegovina vs Oman by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $20,285 $41,740
2023 $8,663 $23,376 $21,028 $41,945
2022 $7,656 $21,651 $23,224 $42,616
2021 $7,295 $18,287 $19,403 $38,719
2020 $6,130 $16,370 $16,785 $35,163
2019 $6,122 $16,429 $19,180 $37,251
2018 $6,048 $14,859 $19,902 $37,780
2017 $5,345 $13,627 $17,820 $33,619
2016 $4,929 $12,899 $17,110 $33,334
2015 $4,662 $11,845 $18,808 $36,058
2014 $5,206 $11,168 $23,161 $44,236
2013 $5,035 $10,808 $23,458 $47,013
2012 $4,694 $10,121 $24,642 $49,989
2011 $4,983 $9,761 $25,188 $52,393
2010 $4,506 $9,086 $23,570 $55,667
2009 $4,540 $8,698 $20,656 $55,127
2008 $4,842 $8,587 $26,577 $52,841
2007 $3,931 $7,686 $18,793 $48,627
2006 $3,166 $6,869 $16,931 $46,091
2005 $2,740 $5,956 $14,435 $43,673
2004 $2,453 $5,407 $11,801 $42,142
2003 $2,034 $4,917 $10,464 $40,935
2002 $1,607 $4,665 $9,869 $41,511
2001 $1,388 $4,307 $9,612 $41,679
2000 $1,338 $4,148 $9,754 $39,443
1999 $1,135 $3,875 $7,915 $36,792
1998 $1,007 $3,524 $7,219 $36,666
1997 $914 $3,041 $8,235 $36,809
1996 $719 $2,269 $8,068 $34,661
1995 $502 $1,507 $7,414 $33,598
1994 $337 $1,269 $7,068 $31,925
1993 $930 $1,067 $7,039 $30,987
1992 $1,118 $982 $7,318 $29,773
1991 $1,373 $975 $6,977 $28,109
1990 $1,743 $1,043 $7,546 $26,904
1989 - - $5,591 -
1988 - - $5,279 -
1987 - - $5,204 -
1986 - - $5,182 -
1985 - - $7,549 -
1984 - - $7,070 -
1983 - - $6,714 -
1982 - - $6,759 -
1981 - - $6,866 -
1980 - - $5,974 -
1979 - - $3,934 -
1978 - - $3,044 -
1977 - - $3,205 -
1976 - - $3,143 -
1975 - - $2,692 -
1974 - - $2,203 -
1973 - - $670 -
1972 - - $524 -
1971 - - $442 -
1970 - - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

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

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Oman ranks 55th at $41,740.

Economic indicators

Bosnia Oman
Gross domestic product
$29.6B
2024
$107B
2024
GDP rank
111/197
2024
70/197
2024
GDP growth
2.97%
2023-2024
1.63%
2023-2024
GDP per capita
$9,359
2024
$20,285
2024
GDP per capita rank
87/197
2024
57/197
2024
GDP per capita, PPP
$25,043
2024
$41,740
2024
GDP per capita PPP rank
83/197
2024
55/197
2024
Government debt
$8.74B
2024
$38B
2024
Debt-to-GDP ratio
29.5%
2024
35.5%
2024
Government debt per person
$2,763
2024
$7,204
2024
Government debt per person rank
107/185
2024
67/185
2024
Average annual personal income after taxes
$8,501
2026
$20,894
2026
Market capitalization of domestic companies n/a
$22.3B
2022
Number of billionaires n/a
2
2025
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
28.7%
2024
Consumer prices inflation
1.7%
2023-2024
0.6%
2023-2024
Central bank interest rate n/a
4.5%
2025
Unemployment rate
10.7%
2024
3.3%
2024
Population
3116111
5761708

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Bosnia Oman
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 28.7% 35.5%
2023 41.7% 29% 27.5% 37.5%
2022 39.4% 31.2% 30.9% 41.7%
2021 40.6% 35.8% 36.5% 61.9%
2020 45.4% 37.2% 44.5% 67.9%
2019 39.9% 32.8% 38.8% 52.5%
2018 40.4% 34.5% 38.3% 44.7%
2017 40% 38.6% 39.4% 40.1%
2016 41.5% 44.9% 44.6% 29.3%
2015 42.7% 46.4% 44.5% 13.9%
2014 46.2% 47.1% 41.4% 4.04%
2013 44.5% 43.8% 39.3% 4.66%
2012 46.9% 43.6% 38.6% 4.59%
2011 46.4% 40.9% 34.5% 4.44%
2010 48.7% 42.2% 30.6% 5.46%
2009 49% 36.4% 33.4% 5.8%
2008 48.4% 30.3% 25.6% 3.2%
2007 45.2% 18.2% 30.7% 4.44%
2006 44.2% 20.6% 30.1% 7.56%
2005 44.5% 24.9% 30.6% 8.39%
2004 45.6% 25.5% 34.1% 14.5%
2003 47.3% 27.6% 34% 13%
2002 47.4% 31.1% 34.1% 15.9%
2001 50.2% 35.1% 33.3% 22.5%
2000 56.2% 34.6% 31.2% 21.7%
1999 57.5% 56% 34.2% 28.9%
1998 54.4% 54.4% 36.1% 30.9%
1997 - - 32.1% 20.8%
1996 - - 33.5% 21.2%
1995 - - 38.2% 21.9%
1994 - - 39.7% 23.6%
1993 - - 40.1% 22.2%
1992 - - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 35.5% in Oman, ranking 159/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Oman
1x
Year Deficit/surplus, % of GDP
Bosnia Oman
2024 -1.88% 3.31%
2023 -1.67% 6.87%
2022 0.15% 10.5%
2021 -0.18% -3.17%
2020 -4.5% -15.7%
2019 1.37% -4.83%
2018 1.63% -6.72%
2017 1.79% -10.5%
2016 0.34% -19.6%
2015 -0.19% -13.5%
2014 -2.87% -1.58%
2013 -1.28% 2.78%
2012 -2.68% 4.07%
2011 -2.73% 8.24%
2010 -4.06% 4.95%
2009 -5.34% -0.27%
2008 -3.82% 14.7%
2007 0.17% 10.5%
2006 2.08% 12.2%
2005 0.74% 11.2%
2004 -0.18% 5.43%
2003 -0.44% 5.92%
2002 -2.99% 5.31%
2001 -3.44% 7.55%
2000 -4.63% 12.2%
1999 -2.78% 0.3%
1998 -0.98% -4.37%
1997 - 4.77%
1996 - 2.22%
1995 - -3.9%
1994 - -7.47%
1993 - -6.84%
1992 - -4.85%
1991 - 0.12%
1990 - 4.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/oman | 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 Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Oman ran a deficit in 10 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to surplus of 1.7% of GDP for Oman.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Oman
1x
Year Consumer prices inflation
Bosnia Oman
2024 1.7% 0.6%
2023 6.1% 1%
2022 14% 2.5%
2021 2% 1.7%
2020 -1.1% -0.4%
2019 0.6% 0.5%
2018 1.4% 0.7%
2017 0.8% 1.5%
2016 -1.6% 0.9%
2015 -1% 0.1%
2014 -0.9% 1.2%
2013 -0.1% 1.3%
2012 2.1% 2.9%
2011 4% 4.1%
2010 2.1% 3.3%
2009 -0.4% 3.5%
2008 7.4% 12.6%
2007 1.5% 5.9%
2006 6.1% 3.2%
2005 3.6% 1.9%
2004 0.3% 0.8%
2003 0.5% 0.2%
2002 0.3% -0.3%
2001 3.2% -0.8%
2000 5% -1.2%
1999 2.8% 0.5%
1998 -0.3% 0.4%
1997 5.7% -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 1.72% in Oman. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 0.6% in Oman.

Top exports between countries

Bosnia
Export category Export value
Weapons & explosives $1.93M
Wood & paper products $1.12M
Machinery & equipment $498K
Chemicals & pharma $223K
Raw materials & minerals $179K
Textiles & consumer goods $28K
Raw agricultural goods $17K
Metals $8K
Processed food, beverages & tobacco $5K
Oman
Export category Export value
Textiles & consumer goods $1K

Balance of trade

Bosnia Oman
Current account balance
-$1.03B
2024
$3.07B
2024
Current account balance ranking
123/190
2024
39/190
2024
Current account balance, % of GDP
-3.47%
2024
+2.86%
2024
Goods imports
$14.8B
2024
$39.5B
2024
Goods exports
$8.36B
2024
$65.2B
2024
Service imports
$1.27B
2024
$12.8B
2024
Service exports
$3.74B
2024
$5.64B
2024
Imports of goods and services, % of GDP
54.3%
2024
48.8%
2024
Exports of goods and services, % of GDP
40.9%
2024
66.1%
2024

Economic freedom indices

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

Bosnia Oman
Economic freedom 63.1 68.5
Economic freedom ranking 83/197 45/197
Property rights 46.9 71.8
Government integrity 36.8 49.4
Judicial effectiveness 36.1 28
Tax burden 93.9 97.6
Government spending 48.4 74.7
Fiscal health 96.2 97.5
Business freedom 65.1 67.8
Labor freedom 62.7 47.7
Monetary freedom 77.5 79.2
Trade freedom 69 78.4
Investment freedom 65 70
Financial freedom 60 60

Economic freedom comparison by year

Bosnia and Herzegovina
Oman
1x
Year Economic freedom index
Bosnia Oman
2026 63.1 68.5
2025 63.5 65.4
2024 62 62.9
2023 62.9 58.5
2022 63.4 56.6
2021 62.9 64.6
2020 62.6 63.6
2019 61.9 61
2018 61.4 61
2017 60.2 62.1
2016 58.6 67.1
2015 59 66.7
2014 58.4 67.4
2013 57.3 68.1
2012 57.3 67.9
2011 57.5 69.8
2010 56.2 67.7
2009 53.1 67
2008 53.9 67.3
2007 54.4 65.8
2006 55.6 63.7
2005 48.8 66.5
2004 44.7 66.9
2003 40.6 64.6
2002 37.4 64
2001 36.6 67.7
2000 45.1 64.1
1999 29.4 64.9
1998 29.4 64.9
1997 - 64.5
1996 - 65.4
1995 - 70.2

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

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Oman
Services, % of GDP
56.6%
2024
46%
2024
Industry, % of GDP
22.4%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
2.6%
2024
GNI, Atlas method
$27.8B
2024
$103B
2024
GNI per capita, PPP
$24,990
2024
$39,340
2024
Total reserves including gold
$9.42B
2024
$18.3B
2024
Total reserves ranking
79/177
2024
64/177
2024
Net foreign direct investment
-$885M
2024
-$12.6B
2024
Net inflows of foreign direct investment
$1B
2024
$12.5B
2024
Net outflows of foreign direct investment
$119M
2024
-$143M
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
24.8%
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/oman | CC BY

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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. 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 (2021–2024, 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.