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

Updated on by Georank

Bosnia and Herzegovina has a GDP of $32.6B compared to $2.56T for Russia, ranking 110/197 and 8/197 by economy size, respectively.

Bosnia and Herzegovina has $9.76B in government debt (29.9% of GDP), compared to $440B (17.2% of GDP) in Russia.

Bosnia and Herzegovina vs Russia GDP by year

Bosnia and Herzegovina
Russia
1x
Year GDP, current $
Bosnia Russia
2025 $32,599,982,936 $2,561,310,169,359
2024 $29,737,363,103 $2,186,462,268,813
2023 $27,592,361,498 $2,046,284,838,151
2022 $24,534,663,636 $2,292,495,097,681
2021 $23,672,712,121 $1,829,186,719,575
2020 $20,226,038,370 $1,493,075,894,362
2019 $20,482,608,984 $1,693,115,002,708
2018 $20,484,058,033 $1,657,328,773,461
2017 $18,326,373,136 $1,574,199,360,089
2016 $17,116,926,554 $1,276,786,350,881
2015 $16,404,348,361 $1,363,482,182,198
2014 $18,558,734,107 $2,059,241,589,895
2013 $18,179,109,209 $2,292,470,078,346
2012 $17,226,735,996 $2,208,293,553,878
2011 $18,644,233,537 $2,045,922,753,398
2010 $17,176,315,804 $1,524,916,715,224
2009 $17,613,949,091 $1,222,645,900,056
2008 $19,112,796,623 $1,660,848,058,303
2007 $15,778,734,264 $1,299,703,478,482
2006 $12,864,841,906 $989,932,071,353
2005 $11,222,796,337 $764,015,973,481
2004 $10,156,541,221 $591,016,690,732
2003 $8,498,894,359 $430,347,420,185
2002 $6,728,220,983 $345,470,494,418
2001 $5,800,615,375 $306,602,070,621
2000 $5,567,772,769 $259,710,142,197
1999 $4,686,256,363 $195,907,128,351
1998 $4,116,774,301 $270,955,486,862
1997 $3,671,909,673 $404,928,954,192
1996 $2,786,045,322 $391,724,890,744
1995 $1,866,572,954 $395,537,185,735
1994 $1,255,802,469 $395,077,301,248
1993 $3,630,668,950 $435,083,713,851
1992 $4,735,044,707 $460,290,556,901
1991 $6,122,959,184 $517,962,962,963
1990 $7,753,478,261 $517,014,446,228
1989 - $506,631,299,735
1988 - $554,828,660,436

Data sources: World Bank | Economy & Growth (1988–2025, retrieved 2026-07-08).

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

GDP per capita in Bosnia and Herzegovina vs Russia by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,382 - $17,847 -
2024 $9,398 $25,043 $15,219 $47,362
2023 $8,663 $23,376 $14,227 $44,269
2022 $7,656 $21,651 $15,894 $40,939
2021 $7,295 $18,287 $12,637 $38,638
2020 $6,130 $16,370 $10,280 $31,491
2019 $6,122 $16,429 $11,640 $30,964
2018 $6,048 $14,859 $11,399 $28,629
2017 $5,345 $13,627 $10,835 $25,778
2016 $4,929 $12,899 $8,804 $24,012
2015 $4,662 $11,845 $9,427 $23,994
2014 $5,206 $11,168 $14,277 $25,688
2013 $5,035 $10,808 $15,941 $26,020
2012 $4,694 $10,121 $15,402 $24,274
2011 $4,983 $9,761 $14,305 $22,790
2010 $4,506 $9,086 $10,675 $20,490
2009 $4,540 $8,698 $8,563 $19,390
2008 $4,842 $8,587 $11,635 $20,164
2007 $3,931 $7,686 $9,101 $16,648
2006 $3,166 $6,869 $6,920 $14,912
2005 $2,740 $5,956 $5,323 $11,822
2004 $2,453 $5,407 $4,102 $10,227
2003 $2,034 $4,917 $2,975 $9,255
2002 $1,607 $4,665 $2,378 $8,037
2001 $1,388 $4,307 $2,100 $7,361
2000 $1,338 $4,148 $1,772 $6,825
1999 $1,135 $3,875 $1,331 $5,914
1998 $1,007 $3,524 $1,835 $5,465
1997 $914 $3,041 $2,738 $5,700
1996 $719 $2,269 $2,644 $5,518
1995 $502 $1,507 $2,666 $5,613
1994 $337 $1,269 $2,662 $5,734
1993 $930 $1,067 $2,931 $6,420
1992 $1,118 $982 $3,099 $6,862
1991 $1,373 $975 $3,490 $7,858
1990 $1,743 $1,043 $3,494 $8,028
1989 - - $3,430 -
1988 - - $3,778 -

Data sources: World Bank | Economy & Growth (1988–2025, retrieved 2026-07-08).

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

Bosnia and Herzegovina's GDP per capita is $10,382, ranking 87/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Russia ranks 50th at $47,362.

Economic indicators

Bosnia Russia
Gross domestic product
$32.6B
2025
$2.56T
2025
GDP rank
110/197
2025
8/197
2025
GDP growth
2.13%
2024-2025
1%
2024-2025
GDP per capita
$10,382
2025
$17,847
2025
GDP per capita rank
87/197
2025
68/197
2025
GDP per capita, PPP
$25,043
2024
$47,362
2024
GDP per capita PPP rank
83/197
2024
50/197
2024
Government debt
$9.76B
2025
$440B
2025
Debt-to-GDP ratio
29.9%
2025
17.2%
2025
Government debt per person
$3,108
2025
$3,068
2025
Government debt per person rank
104/185
2025
105/185
2025
Average annual personal income after taxes
$9,479
2026
$11,183
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
447,000
2026
Number of billionaires n/a
147
2026
Income share by richest 10%
23.6%
2021
25.1%
2023
Income share by poorest 10%
3.3%
2021
3.1%
2023
Government expenditure, % of GDP
44.9%
2025
39.1%
2025
Consumer prices inflation
4%
2024-2025
8.7%
2024-2025
Central bank interest rate n/a
14.5%
2026
Unemployment rate
10.7%
2024
2.13%
2025
Population
3114736
142643173

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Bosnia Russia
Government spending Government debt Government spending Government debt
2025 44.9% 29.9% 39.1% 17.2%
2024 43.3% 29.4% 36.7% 14.8%
2023 41.9% 29% 36.1% 15.2%
2022 39.4% 31.2% 35.1% 15.1%
2021 40.6% 35.8% 34.9% 16.5%
2020 45.4% 37.2% 39.2% 19.2%
2019 39.9% 32.8% 33.8% 13.7%
2018 40.4% 34.5% 32.6% 13.6%
2017 40% 38.6% 34.8% 14.3%
2016 41.5% 44.9% 36.6% 14.8%
2015 42.7% 46.4% 35.3% 15.3%
2014 46.2% 47.1% 34.9% 15.1%
2013 43.8% 43.8% 34.7% 12.3%
2012 47.9% 43.6% 34% 11.2%
2011 46.4% 40.9% 33.3% 10.3%
2010 48.7% 42.2% 35.5% 10.1%
2009 49% 36.4% 38.6% 9.92%
2008 48.4% 30.3% 32% 7.45%
2007 45.2% 18.2% 31.9% 8.03%
2006 44.2% 20.6% 29% 9.8%
2005 44.5% 24.9% 29.5% 14.9%
2004 45.6% 25.5% 29.6% 20.8%
2003 47.3% 27.6% 32.6% 28.3%
2002 47.4% 31.1% 33.8% 37.6%
2001 50.2% 35.1% 31.5% 44.4%
2000 56.2% 34.6% 30.7% 55.9%
1999 57.5% 56% 34.3% 92.4%
1998 54.4% 54.4% 39.7% 135.2%
1997 - - - 51.5%
1996 - - - 51.9%
1995 - - - 53.7%
1994 - - - 63.5%
1993 - - - 92.4%
1992 - - - 116%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-07-08).

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

In 2025, Bosnia and Herzegovina's government spending was $14.6B, accounting for 44.9% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 29.9% in Bosnia and Herzegovina and 17.2% in Russia, ranking 156/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Russia
1x
Year Deficit/surplus, % of GDP
Bosnia Russia
2025 -2.41% -3.9%
2024 -1.96% -1.59%
2023 -1.67% -2.24%
2022 0.15% -1.34%
2021 -0.18% 0.78%
2020 -4.5% -3.99%
2019 1.37% 1.93%
2018 1.63% 2.92%
2017 1.79% -1.47%
2016 0.34% -3.67%
2015 -0.19% -3.39%
2014 -2.87% -1.07%
2013 -2.19% -1.16%
2012 -3.76% 0.38%
2011 -2.73% 1.43%
2010 -4.06% -3.19%
2009 -5.34% -5.89%
2008 -3.82% 4.55%
2007 0.17% 5.59%
2006 2.08% 7.8%
2005 0.74% 7.6%
2004 -0.18% 4.57%
2003 -0.44% 1.35%
2002 -2.99% 0.67%
2001 -3.44% 2.99%
2000 -4.63% 3.11%
1999 -2.78% -3.59%
1998 -0.98% -7.42%
1997 - -
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-07-08).

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

In 2025, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was $784M, equivalent to 2.41% of GDP. This compares to Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, Bosnia and Herzegovina recorded a fiscal deficit in 20 of those years, while Russia ran a deficit in 14 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.53% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Russia
1x
Year Consumer prices inflation
Bosnia Russia
2025 4% 8.7%
2024 1.7% 8.4%
2023 6.1% 5.9%
2022 14% 13.7%
2021 2% 6.7%
2020 -1% 3.4%
2019 0.6% 4.5%
2018 1.4% 2.9%
2017 0.8% 3.7%
2016 -1.6% 7%
2015 -1% 15.5%
2014 -0.9% 7.8%
2013 -0.1% 6.8%
2012 2.1% 5.1%
2011 4% 8.4%
2010 2.1% 6.8%
2009 -0.4% 11.6%
2008 7.4% 14.1%
2007 1.5% 9%
2006 6.1% 9.7%
2005 3.6% 12.7%
2004 0.3% 10.9%
2003 0.5% 13.7%
2002 0.3% 15.8%
2001 3.2% 21.5%
2000 5% 20.8%
1999 2.8% 85.7%
1998 -0.3% 27.7%
1997 5.7% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.41%, compared with 13.2% in Russia. In 2025, inflation was 4% in Bosnia and Herzegovina and 8.7% in Russia.

Top exports between countries

Bosnia
Export category Export value
Chemicals & pharma $55.2M
Transport & tourism services $19.6M
Raw agricultural goods $8.33M
Textiles & consumer goods $1.27M
Processed food, beverages & tobacco $1.25M
Raw materials & minerals $766K
Metals $354K
IT & IP services $324K
Business & finance services $228K
Machinery & equipment $174K
Russia
Export category Export value
Miscellaneous $64.3M
Metals $21.4M
Business & finance services $10.1M
Chemicals & pharma $7.77M
Machinery & equipment $6.31M
Wood & paper products $4.6M
Transport & tourism services $2.2M
Processed food, beverages & tobacco $1.43M
Textiles & consumer goods $1.21M
IT & IP services $1.03M

Balance of trade

Bosnia Russia
Current account balance
-$1.02B
2025
$43.1B
2025
Current account balance ranking
117/190
2025
14/190
2025
Current account balance, % of GDP
-3.14%
2025
+1.68%
2025
Goods imports
$16.3B
2025
$305B
2025
Goods exports
$9.5B
2025
$422B
2025
Service imports
$1.42B
2025
$94.8B
2025
Service exports
$3.92B
2025
$46.3B
2025
Imports of goods and services, % of GDP
54.1%
2025
15.5%
2025
Exports of goods and services, % of GDP
41%
2025
18.2%
2025

Economic freedom indices

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

Bosnia Russia
Economic freedom 63.1 50.3
Economic freedom ranking 83/197 161/197
Property rights 46.9 18.6
Government integrity 36.8 22.8
Judicial effectiveness 36.1 22.8
Tax burden 93.9 81.9
Government spending 48.4 61.3
Fiscal health 96.2 94.4
Business freedom 65.1 51.4
Labor freedom 62.7 59.1
Monetary freedom 77.5 61.8
Trade freedom 69 69.4
Investment freedom 65 30
Financial freedom 60 30

Economic freedom comparison by year

Bosnia and Herzegovina
Russia
1x
Year Economic freedom index
Bosnia Russia
2026 63.1 50.3
2025 63.5 51.6
2024 62 52
2023 62.9 53.8
2022 63.4 56.1
2021 62.9 61.5
2020 62.6 61
2019 61.9 58.9
2018 61.4 58.2
2017 60.2 57.1
2016 58.6 50.6
2015 59 52.1
2014 58.4 51.9
2013 57.3 51.1
2012 57.3 50.5
2011 57.5 50.5
2010 56.2 50.3
2009 53.1 50.8
2008 53.9 49.8
2007 54.4 52.2
2006 55.6 52.4
2005 48.8 51.3
2004 44.7 52.8
2003 40.6 50.8
2002 37.4 48.7
2001 36.6 49.8
2000 45.1 51.8
1999 29.4 54.5
1998 29.4 52.8
1997 - 48.6
1996 - 51.6
1995 - 51.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Russia
Services, % of GDP
57.7%
2025
58.9%
2025
Industry, % of GDP
21.5%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
4.36%
2025
3.06%
2025
GNI, Atlas method
$31.2B
2025
$2.33T
2025
GNI per capita, PPP
$25,810
2025
$49,220
2025
Total reserves including gold
$9.42B
2024
$608B
2024
Total reserves ranking
83/177
2024
6/177
2024
Net foreign direct investment
-$526M
2025
-$12.4B
2025
Net inflows of foreign direct investment
$1B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$119M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
4.91%
2024
2.63%
2024
Poverty at national poverty lines
16.9%
2015
7.2%
2024
Gross capital formation, % of GDP
28.7%
2025
25.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.