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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $383B for Romania, ranking 111/197 and 42/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $220B (57.4% of GDP) in Romania.

Bosnia and Herzegovina vs Romania GDP by year

Bosnia and Herzegovina
Romania
1x
Year GDP, current $
Bosnia Romania
2024 $29,613,572,023 $382,564,217,989
2023 $27,592,361,498 $347,757,995,759
2022 $24,534,663,636 $295,319,437,557
2021 $23,672,712,121 $285,071,280,114
2020 $20,226,038,370 $250,625,048,304
2019 $20,482,608,984 $250,080,428,512
2018 $20,484,058,033 $241,791,427,224
2017 $18,326,373,136 $210,147,385,855
2016 $17,116,926,554 $185,290,759,249
2015 $16,404,348,361 $177,885,131,240
2014 $18,558,734,107 $199,722,319,676
2013 $18,179,109,209 $189,798,603,751
2012 $17,226,735,996 $179,117,323,107
2011 $18,644,233,537 $192,623,977,894
2010 $17,176,315,804 $170,064,350,672
2009 $17,613,949,091 $174,110,532,659
2008 $19,112,796,623 $214,315,932,061
2007 $15,778,734,264 $174,588,782,939
2006 $12,864,841,906 $122,023,735,993
2005 $11,222,796,337 $98,454,380,120
2004 $10,156,541,221 $74,973,656,852
2003 $8,498,894,359 $57,806,384,143
2002 $6,728,220,983 $46,065,502,703
2001 $5,800,615,375 $40,395,116,581
2000 $5,567,772,769 $37,253,739,511
1999 $4,686,256,363 $35,953,156,754
1998 $4,116,774,301 $41,696,091,974
1997 $3,671,909,673 $35,575,214,078
1996 $2,786,045,322 $36,937,074,278
1995 $1,866,572,954 $37,430,162,103
1994 $1,255,802,469 $30,072,805,104
1993 $3,630,668,950 $26,361,160,450
1992 $4,735,044,707 $25,121,666,667
1991 $6,122,959,184 $28,850,634,900
1990 $7,753,478,261 $38,247,882,300
1989 - $41,450,777,202
1988 - $40,424,528,302
1987 - $38,067,567,568

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

GDP per capita in Bosnia and Herzegovina vs Romania by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $20,080 $49,077
2023 $8,663 $23,376 $18,244 $45,982
2022 $7,656 $21,651 $15,504 $41,979
2021 $7,295 $18,287 $14,908 $37,534
2020 $6,130 $16,370 $13,009 $34,194
2019 $6,122 $16,429 $12,910 $33,425
2018 $6,048 $14,859 $12,416 $29,383
2017 $5,345 $13,627 $10,728 $26,943
2016 $4,929 $12,899 $9,405 $23,905
2015 $4,662 $11,845 $8,977 $21,625
2014 $5,206 $11,168 $10,032 $20,633
2013 $5,035 $10,808 $9,498 $19,678
2012 $4,694 $10,121 $8,930 $19,808
2011 $4,983 $9,761 $9,561 $18,804
2010 $4,506 $9,086 $8,400 $17,355
2009 $4,540 $8,698 $8,548 $16,641
2008 $4,842 $8,587 $10,435 $16,782
2007 $3,931 $7,686 $8,360 $13,703
2006 $3,166 $6,869 $5,758 $11,554
2005 $2,740 $5,956 $4,618 $9,602
2004 $2,453 $5,407 $3,495 $8,989
2003 $2,034 $4,917 $2,679 $7,559
2002 $1,607 $4,665 $2,120 $7,162
2001 $1,388 $4,307 $1,825 $6,520
2000 $1,338 $4,148 $1,660 $5,850
1999 $1,135 $3,875 $1,600 $5,596
1998 $1,007 $3,524 $1,853 $5,545
1997 $914 $3,041 $1,577 $5,564
1996 $719 $2,269 $1,633 $5,746
1995 $502 $1,507 $1,650 $5,429
1994 $337 $1,269 $1,323 $4,995
1993 $930 $1,067 $1,158 $4,699
1992 $1,118 $982 $1,102 $4,515
1991 $1,373 $975 $1,254 $4,795
1990 $1,743 $1,043 $1,648 $5,280
1989 - - $1,790 -
1988 - - $1,753 -
1987 - - $1,659 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Romania ranks 47th at $49,077.

Economic indicators

Bosnia Romania
Gross domestic product
$29.6B
2024
$383B
2024
GDP rank
111/197
2024
42/197
2024
GDP growth
2.97%
2023-2024
0.92%
2023-2024
GDP per capita
$9,359
2024
$20,080
2024
GDP per capita rank
87/197
2024
58/197
2024
GDP per capita, PPP
$25,043
2024
$49,077
2024
GDP per capita PPP rank
83/197
2024
47/197
2024
Government debt
$8.74B
2024
$220B
2024
Debt-to-GDP ratio
29.5%
2024
57.4%
2024
Government debt per person
$2,763
2024
$11,533
2024
Government debt per person rank
107/185
2024
48/185
2024
Average annual personal income after taxes
$8,501
2026
$13,912
2026
Market capitalization of domestic companies n/a
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
25.1%
2011
21.8%
2023
Income share by poorest 10%
2.9%
2011
2.4%
2023
Government expenditure, % of GDP
43.3%
2024
39.9%
2024
Consumer prices inflation
1.7%
2023-2024
5.6%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
10.7%
2024
5.43%
2024
Population
3116111
18839108

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Bosnia Romania
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 39.9% 57.4%
2023 41.7% 29% 36.6% 52.1%
2022 39.4% 31.2% 37.4% 51.7%
2021 40.6% 35.8% 37% 51.5%
2020 45.4% 37.2% 38.1% 49.3%
2019 39.9% 32.8% 33.2% 36.5%
2018 40.4% 34.5% 31.7% 36.2%
2017 40% 38.6% 31% 37.1%
2016 41.5% 44.9% 31.8% 39.5%
2015 42.7% 46.4% 34.2% 39.4%
2014 46.2% 47.1% 33.8% 40.5%
2013 44.5% 43.8% 34.2% 39.3%
2012 46.9% 43.6% 33.5% 36.2%
2011 46.4% 40.9% 35% 32.6%
2010 48.7% 42.2% 37.4% 30.2%
2009 49% 36.4% 36.3% 22.5%
2008 48.4% 30.3% 35.3% 13%
2007 45.2% 18.2% 34.6% 12.4%
2006 44.2% 20.6% 33.9% 12.7%
2005 44.5% 24.9% 32.3% 17.8%
2004 45.6% 25.5% 33.7% 21.3%
2003 47.3% 27.6% 31.8% 24.9%
2002 47.4% 31.1% 32.1% 27.4%
2001 50.2% 35.1% 33.2% 27.4%
2000 56.2% 34.6% 35% 29.6%
1999 57.5% 56% 35.1% 21.7%
1998 54.4% 54.4% 34.7% 16.5%
1997 - - 33.5% 15%
1996 - - 33.5% 11%
1995 - - 34.4% 6.91%
1994 - - 33.1% -
1993 - - 33.5% -
1992 - - 41.5% -
1991 - - 38.3% -
1990 - - 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

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

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 57.4% in Romania, ranking 159/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Romania
1x
Year Deficit/surplus, % of GDP
Bosnia Romania
2024 -1.88% -8.68%
2023 -1.67% -5.61%
2022 0.15% -5.83%
2021 -0.18% -6.7%
2020 -4.5% -9.54%
2019 1.37% -4.55%
2018 1.63% -2.74%
2017 1.79% -2.86%
2016 0.34% -2.5%
2015 -0.19% -1.35%
2014 -2.87% -1.76%
2013 -1.28% -2.44%
2012 -2.68% -2.39%
2011 -2.73% -4.14%
2010 -4.06% -6.22%
2009 -5.34% -6.86%
2008 -3.82% -4.6%
2007 0.17% -3.05%
2006 2.08% -1.36%
2005 0.74% -0.69%
2004 -0.18% -3.39%
2003 -0.44% -2.29%
2002 -2.99% -2.59%
2001 -3.44% -3.2%
2000 -4.63% -3.99%
1999 -2.78% -3.58%
1998 -0.98% -5.33%
1997 - -5.19%
1996 - -4.74%
1995 - -3.32%
1994 - -2.2%
1993 - -0.35%
1992 - -4.55%
1991 - 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Romania ran a deficit in 27 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 4.01% of GDP for Romania.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Romania
1x
Year Consumer prices inflation
Bosnia Romania
2024 1.7% 5.6%
2023 6.1% 10.4%
2022 14% 13.8%
2021 2% 5%
2020 -1.1% 2.6%
2019 0.6% 3.8%
2018 1.4% 4.6%
2017 0.8% 1.3%
2016 -1.6% -1.6%
2015 -1% -0.6%
2014 -0.9% 1.1%
2013 -0.1% 4%
2012 2.1% 3.3%
2011 4% 5.8%
2010 2.1% 6.1%
2009 -0.4% 5.6%
2008 7.4% 7.8%
2007 1.5% 4.8%
2006 6.1% 6.6%
2005 3.6% 9%
2004 0.3% 11.9%
2003 0.5% 15.4%
2002 0.3% 22.5%
2001 3.2% 34.5%
2000 5% 45.7%
1999 2.8% 45.8%
1998 -0.3% 59.1%
1997 5.7% 154.8%

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

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

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 17.5% in Romania. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 5.6% in Romania.

Top exports between countries

Bosnia
Export category Export value
Metals $22.1M
Raw materials & minerals $21.6M
Machinery & equipment $14.2M
Wood & paper products $12.4M
Textiles & consumer goods $11.6M
Processed food, beverages & tobacco $7.48M
Weapons & explosives $7.48M
Animal & marine products $5.12M
Transport & tourism services $3.43M
Chemicals & pharma $2.92M
Romania
Export category Export value
Processed food, beverages & tobacco $34.5M
Chemicals & pharma $27.8M
Textiles & consumer goods $24.9M
Metals $19.1M
Wood & paper products $13.7M
Machinery & equipment $12.8M
Miscellaneous $6.83M
Animal & marine products $6.6M
Raw materials & minerals $4.79M
Raw agricultural goods $4.19M

Balance of trade

Bosnia Romania
Current account balance
-$1.03B
2024
-$31.2B
2024
Current account balance ranking
123/190
2024
185/190
2024
Current account balance, % of GDP
-3.47%
2024
-8.16%
2024
Goods imports
$14.8B
2024
$129B
2024
Goods exports
$8.36B
2024
$93.3B
2024
Service imports
$1.27B
2024
$30.2B
2024
Service exports
$3.74B
2024
$42.9B
2024
Imports of goods and services, % of GDP
54.3%
2024
41.6%
2024
Exports of goods and services, % of GDP
40.9%
2024
35.6%
2024

Economic freedom indices

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

Bosnia Romania
Economic freedom 63.1 65.4
Economic freedom ranking 83/197 64/197
Property rights 46.9 81
Government integrity 36.8 50
Judicial effectiveness 36.1 67
Tax burden 93.9 89.1
Government spending 48.4 56.7
Fiscal health 96.2 21.4
Business freedom 65.1 74.4
Labor freedom 62.7 63.6
Monetary freedom 77.5 72.7
Trade freedom 69 79.4
Investment freedom 65 70
Financial freedom 60 60

Economic freedom comparison by year

Bosnia and Herzegovina
Romania
1x
Year Economic freedom index
Bosnia Romania
2026 63.1 65.4
2025 63.5 66.5
2024 62 64.4
2023 62.9 64.5
2022 63.4 67.1
2021 62.9 69.5
2020 62.6 69.7
2019 61.9 68.6
2018 61.4 69.4
2017 60.2 69.7
2016 58.6 65.6
2015 59 66.6
2014 58.4 65.5
2013 57.3 65.1
2012 57.3 64.4
2011 57.5 64.7
2010 56.2 64.2
2009 53.1 63.2
2008 53.9 61.7
2007 54.4 61.2
2006 55.6 58.2
2005 48.8 52.1
2004 44.7 50
2003 40.6 50.6
2002 37.4 48.7
2001 36.6 50
2000 45.1 52.1
1999 29.4 50.1
1998 29.4 54.4
1997 - 50.8
1996 - 46.2
1995 - 42.9

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

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Romania
Services, % of GDP
56.6%
2024
62.6%
2024
Industry, % of GDP
22.4%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
2.81%
2024
GNI, Atlas method
$27.8B
2024
$335B
2024
GNI per capita, PPP
$24,990
2024
$47,920
2024
Total reserves including gold
$9.42B
2024
$73.4B
2024
Total reserves ranking
79/177
2024
35/177
2024
Net foreign direct investment
-$885M
2024
-$5.17B
2024
Net inflows of foreign direct investment
$1B
2024
$7.16B
2024
Net outflows of foreign direct investment
$119M
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
n/a
Poverty at national poverty lines
16.9%
2015
19%
2023
Gross capital formation, % of GDP
27.5%
2024
25%
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/romania | 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 (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, 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.