Skip to content

Economy of Bosnia and Herzegovina vs Papua New Guinea compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $31.8B for Papua New Guinea, ranking 111/197 and 110/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $16.6B (52.1% of GDP) in Papua New Guinea.

Bosnia and Herzegovina vs Papua New Guinea GDP by year

Bosnia and Herzegovina
Papua New Guinea
1x
Year GDP, current $
Bosnia Papua New Guinea
2024 $29,613,572,023 $31,800,428,266
2023 $27,592,361,498 $30,816,367,067
2022 $24,534,663,636 $31,653,185,953
2021 $23,672,712,121 $26,109,413,521
2020 $20,226,038,370 $23,848,447,850
2019 $20,482,608,984 $24,750,626,030
2018 $20,484,058,033 $24,109,780,708
2017 $18,326,373,136 $22,742,699,138
2016 $17,116,926,554 $20,758,876,953
2015 $16,404,348,361 $21,723,437,010
2014 $18,558,734,107 $23,210,823,987
2013 $18,179,109,209 $21,261,338,065
2012 $17,226,735,996 $21,295,168,666
2011 $18,644,233,537 $17,985,138,066
2010 $17,176,315,804 $14,250,786,675
2009 $17,613,949,091 $11,619,456,449
2008 $19,112,796,623 $11,670,892,801
2007 $15,778,734,264 $9,545,028,944
2006 $12,864,841,906 $8,354,911,041
2005 $11,222,796,337 $4,865,892,972
2004 $10,156,541,221 $3,927,157,867
2003 $8,498,894,359 $3,536,411,824
2002 $6,728,220,983 $2,999,511,040
2001 $5,800,615,375 $3,081,024,212
2000 $5,567,772,769 $3,521,339,699
1999 $4,686,256,363 $3,477,038,204
1998 $4,116,774,301 $3,789,443,015
1997 $3,671,909,673 $4,936,615,299
1996 $2,786,045,322 $5,155,311,077
1995 $1,866,572,954 $4,636,057,476
1994 $1,255,802,469 $5,502,786,070
1993 $3,630,668,950 $4,974,550,286
1992 $4,735,044,707 $4,377,980,510
1991 $6,122,959,184 $3,787,394,958
1990 $7,753,478,261 $3,219,729,083
1989 - $3,546,472,566
1988 - $3,656,177,881
1987 - $3,143,851,794
1986 - $2,647,995,602
1985 - $2,423,339,172
1984 - $2,552,662,617
1983 - $2,562,351,551
1982 - $2,368,719,683
1981 - $2,498,190,847
1980 - $2,545,808,456
1979 - $2,293,760,511
1978 - $1,947,878,831
1977 - $1,640,746,619
1976 - $1,511,843,235
1975 - $1,356,603,608
1974 - $1,467,417,672
1973 - $1,299,079,410
1972 - $858,761,926
1971 - $717,750,278
1970 - $645,568,215
1969 - $551,263,864
1968 - $485,184,190
1967 - $441,728,183
1966 - $390,992,063
1965 - $344,176,055
1964 - $305,312,049
1963 - $275,968,044
1962 - $261,184,042
1961 - $244,832,039
1960 - $230,496,037

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

GeoRank.org/economy/bosnia-and-herzegovina/papua-new-guinea | CC BY

GDP per capita in Bosnia and Herzegovina vs Papua New Guinea by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Papua New Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Papua New Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $3,007 $4,875
2023 $8,663 $23,376 $2,966 $4,668
2022 $7,656 $21,651 $3,102 $4,420
2021 $7,295 $18,287 $2,608 $3,977
2020 $6,130 $16,370 $2,430 $3,900
2019 $6,122 $16,429 $2,576 $4,060
2018 $6,048 $14,859 $2,566 $3,910
2017 $5,345 $13,627 $2,478 $3,923
2016 $4,929 $12,899 $2,316 $3,813
2015 $4,662 $11,845 $2,485 $3,670
2014 $5,206 $11,168 $2,723 $3,500
2013 $5,035 $10,808 $2,561 $3,110
2012 $4,694 $10,121 $2,635 $3,026
2011 $4,983 $9,761 $2,288 $2,919
2010 $4,506 $9,086 $1,867 $2,912
2009 $4,540 $8,698 $1,569 $2,692
2008 $4,842 $8,587 $1,625 $2,583
2007 $3,931 $7,686 $1,371 $2,622
2006 $3,166 $6,869 $1,238 $2,444
2005 $2,740 $5,956 $744 $2,322
2004 $2,453 $5,407 $621 $2,187
2003 $2,034 $4,917 $577 $2,142
2002 $1,607 $4,665 $506 $2,125
2001 $1,388 $4,307 $538 $2,168
2000 $1,338 $4,148 $636 $2,196
1999 $1,135 $3,875 $650 $2,280
1998 $1,007 $3,524 $733 $2,285
1997 $914 $3,041 $990 $2,432
1996 $719 $2,269 $1,071 $2,578
1995 $502 $1,507 $998 $2,436
1994 $337 $1,269 $1,228 $2,558
1993 $930 $1,067 $1,151 $2,451
1992 $1,118 $982 $1,051 $2,100
1991 $1,373 $975 $942 $1,869
1990 $1,743 $1,043 $826 $1,703
1989 - - $934 -
1988 - - $985 -
1987 - - $865 -
1986 - - $745 -
1985 - - $697 -
1984 - - $750 -
1983 - - $769 -
1982 - - $726 -
1981 - - $781 -
1980 - - $813 -
1979 - - $748 -
1978 - - $648 -
1977 - - $558 -
1976 - - $525 -
1975 - - $482 -
1974 - - $533 -
1973 - - $483 -
1972 - - $327 -
1971 - - $279.7 -
1970 - - $257.6 -
1969 - - $225.3 -
1968 - - $202.9 -
1967 - - $189 -
1966 - - $171.1 -
1965 - - $153.9 -
1964 - - $139.5 -
1963 - - $128.9 -
1962 - - $124.7 -
1961 - - $119.7 -
1960 - - $115.5 -

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

GeoRank.org/economy/bosnia-and-herzegovina/papua-new-guinea | CC BY

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $3,007 in Papua New Guinea, ranking 140/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Papua New Guinea ranks 159th at $4,875.

Economic indicators

Bosnia Papua New Guinea
Gross domestic product
$29.6B
2024
$31.8B
2024
GDP rank
111/197
2024
110/197
2024
GDP growth
2.97%
2023-2024
3.8%
2023-2024
GDP per capita
$9,359
2024
$3,007
2024
GDP per capita rank
87/197
2024
140/197
2024
GDP per capita, PPP
$25,043
2024
$4,875
2024
GDP per capita PPP rank
83/197
2024
159/197
2024
Government debt
$8.74B
2024
$16.6B
2024
Debt-to-GDP ratio
29.5%
2024
52.1%
2024
Government debt per person
$2,763
2024
$1,566
2024
Government debt per person rank
107/185
2024
129/185
2024
Average annual personal income after taxes
$8,501
2026
$2,362
2026
Market capitalization of domestic companies n/a
$1.68B
2017
Income share by richest 10%
25.1%
2011
31%
2009
Income share by poorest 10%
2.9%
2011
1.9%
2009
Government expenditure, % of GDP
43.3%
2024
20.4%
2024
Consumer prices inflation
1.7%
2023-2024
0.6%
2023-2024
Central bank interest rate n/a
5%
2025
Unemployment rate
10.7%
2024
2.69%
2022
Population
3116111
11002753

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Papua New Guinea
Spending

Debt
1x
Year % of GDP
Bosnia Papua New Guinea
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 20.4% 52.1%
2023 41.7% 29% 22.3% 53.9%
2022 39.4% 31.2% 21.9% 48.2%
2021 40.6% 35.8% 22% 52.6%
2020 45.4% 37.2% 23.5% 48.7%
2019 39.9% 32.8% 21.3% 38.2%
2018 40.4% 34.5% 20.3% 36.7%
2017 40% 38.6% 18.4% 32.5%
2016 41.5% 44.9% 20.9% 33.7%
2015 42.7% 46.4% 22.8% 29.9%
2014 46.2% 47.1% 27.1% 26.9%
2013 44.5% 43.8% 27.6% 24.9%
2012 46.9% 43.6% 22.4% 19.1%
2011 46.4% 40.9% 19.7% 16.3%
2010 48.7% 42.2% 18.4% 17.3%
2009 49% 36.4% 24.7% 21.7%
2008 48.4% 30.3% 19.8% 21.6%
2007 45.2% 18.2% 18% 22.2%
2006 44.2% 20.6% 19.4% 26%
2005 44.5% 24.9% 20.6% 31.6%
2004 45.6% 25.5% 19.4% 37.2%
2003 47.3% 27.6% 18.7% 40.4%
2002 47.4% 31.1% 20.8% 48.4%
2001 50.2% 35.1% 21.6% 47.7%
2000 56.2% 34.6% 20.5% 42.3%
1999 57.5% 56% 21.4% 41.8%
1998 54.4% 54.4% 20% 45.7%
1997 - - 20.6% 43.9%
1996 - - 17.6% 37.8%
1995 - - 17.1% 36.6%
1994 - - 19.3% 40.1%
1993 - - 23.5% 30%
1992 - - 22.8% 30.4%
1991 - - 22.4% -
1990 - - 24.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1993, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/papua-new-guinea | CC BY

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Papua New Guinea spent $6.48B, or 20.4% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 52.1% in Papua New Guinea, ranking 159/185 and 100/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Papua New Guinea
1x
Year Deficit/surplus, % of GDP
Bosnia Papua New Guinea
2024 -1.88% -3.23%
2023 -1.67% -4.34%
2022 0.15% -5.25%
2021 -0.18% -6.84%
2020 -4.5% -8.85%
2019 1.37% -4.98%
2018 1.63% -2.58%
2017 1.79% -2.47%
2016 0.34% -4.75%
2015 -0.19% -4.55%
2014 -2.87% -6.27%
2013 -1.28% -6.87%
2012 -2.68% -1.19%
2011 -2.73% 2.22%
2010 -4.06% 3.06%
2009 -5.34% -5.48%
2008 -3.82% 2.73%
2007 0.17% 6.9%
2006 2.08% 5.34%
2005 0.74% 2.85%
2004 -0.18% 2.03%
2003 -0.44% 0.19%
2002 -2.99% -1.75%
2001 -3.44% -1.33%
2000 -4.63% 0.3%
1999 -2.78% -1.94%
1998 -0.98% -0.16%
1997 - 0.67%
1996 - 2.05%
1995 - 1.08%
1994 - -1.01%
1993 - -4.9%
1992 - -4.33%
1991 - -0.62%
1990 - -2.04%

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

GeoRank.org/economy/bosnia-and-herzegovina/papua-new-guinea | 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 Papua New Guinea's deficit of $1.03B, or 3.23% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Papua New Guinea ran a deficit in 18 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 1.75% of GDP for Papua New Guinea.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Papua New Guinea
1x
Year Consumer prices inflation
Bosnia Papua New Guinea
2024 1.7% 0.6%
2023 6.1% 2.3%
2022 14% 5.25%
2021 2% 4.48%
2020 -1.1% 4.87%
2019 0.6% 3.93%
2018 1.4% 4.37%
2017 0.8% 5.42%
2016 -1.6% 6.67%
2015 -1% 6%
2014 -0.9% 5.22%
2013 -0.1% 4.96%
2012 2.1% 4.54%
2011 4% 4.44%
2010 2.1% 6.01%
2009 -0.4% 6.92%
2008 7.4% 10.8%
2007 1.5% 0.91%
2006 6.1% 2.37%
2005 3.6% 1.78%
2004 0.3% 2.16%
2003 0.5% 14.7%
2002 0.3% 11.8%
2001 3.2% 9.3%
2000 5% 15.6%
1999 2.8% 14.9%
1998 -0.3% 13.6%
1997 5.7% 3.96%

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/papua-new-guinea | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 6.35% in Papua New Guinea. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 0.6% in Papua New Guinea.

Balance of trade

Bosnia Papua New Guinea
Current account balance
-$1.03B
2024
$4.77B
2024
Current account balance ranking
123/190
2024
33/190
2024
Current account balance, % of GDP
-3.47%
2024
+15%
2024
Goods imports
$14.8B
2024
$4.69B
2024
Goods exports
$8.36B
2024
$13.4B
2024
Service imports
$1.27B
2024
$2.4B
2024
Service exports
$3.74B
2024
$75.2M
2024
Imports of goods and services, % of GDP
54.3%
2024
58.9%
2004
Exports of goods and services, % of GDP
40.9%
2024
72.2%
2004

Economic freedom indices

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

Bosnia Papua New Guinea
Economic freedom 63.1 54.3
Economic freedom ranking 83/197 134/197
Property rights 46.9 45
Government integrity 36.8 30.8
Judicial effectiveness 36.1 41.1
Tax burden 93.9 70.9
Government spending 48.4 86.1
Fiscal health 96.2 65.3
Business freedom 65.1 34.2
Labor freedom 62.7 65.1
Monetary freedom 77.5 77.4
Trade freedom 69 80.2
Investment freedom 65 25
Financial freedom 60 30

Economic freedom comparison by year

Bosnia and Herzegovina
Papua New Guinea
1x
Year Economic freedom index
Bosnia Papua New Guinea
2026 63.1 54.3
2025 63.5 52.5
2024 62 49.4
2023 62.9 51.7
2022 63.4 54.6
2021 62.9 58.9
2020 62.6 58.4
2019 61.9 58.4
2018 61.4 55.7
2017 60.2 50.9
2016 58.6 53.2
2015 59 53.1
2014 58.4 53.9
2013 57.3 53.6
2012 57.3 53.8
2011 57.5 52.6
2010 56.2 53.5
2009 53.1 54.8
2008 53.9 -
2007 54.4 -
2006 55.6 -
2005 48.8 -
2004 44.7 -
2003 40.6 -
2002 37.4 -
2001 36.6 57.2
2000 45.1 55.8
1999 29.4 56.3
1998 29.4 55.2
1997 - 56.7
1996 - 58.6

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/bosnia-and-herzegovina/papua-new-guinea | CC BY

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 54.3 for Papua New Guinea, ranking 134/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Papua New Guinea
Services, % of GDP
56.6%
2024
41.5%
2024
Industry, % of GDP
22.4%
2024
37.2%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
17.2%
2024
GNI, Atlas method
$27.8B
2024
$30.7B
2024
GNI per capita, PPP
$24,990
2024
$4,580
2024
Total reserves including gold
$9.42B
2024
$3.9B
2023
Total reserves ranking
79/177
2024
107/177
2023
Net foreign direct investment
-$885M
2024
$968M
2024
Net inflows of foreign direct investment
$1B
2024
-$198M
2024
Net outflows of foreign direct investment
$119M
2024
$770M
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
19.7%
2024
Poverty at national poverty lines
16.9%
2015
39.9%
2009
Gross capital formation, % of GDP
27.5%
2024
20%
2004

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/papua-new-guinea | 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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1992–1993, retrieved 2026-02-20)
  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.