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Economy of Bosnia and Herzegovina vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $2.55B for Saint Lucia, ranking 111/197 and 173/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Bosnia and Herzegovina vs Saint Lucia GDP by year

Bosnia and Herzegovina
Saint Lucia
1x
Year GDP, current $
Bosnia Saint Lucia
2024 $29,613,572,023 $2,549,062,963
2023 $27,592,361,498 $2,430,166,667
2022 $24,534,663,636 $2,342,714,815
2021 $23,672,712,121 $1,867,185,185
2020 $20,226,038,370 $1,499,274,074
2019 $20,482,608,984 $2,095,344,444
2018 $20,484,058,033 $2,060,955,556
2017 $18,326,373,136 $1,998,503,704
2016 $17,116,926,554 $1,868,544,444
2015 $16,404,348,361 $1,807,640,741
2014 $18,558,734,107 $1,749,185,185
2013 $18,179,109,209 $1,660,392,593
2012 $17,226,735,996 $1,598,207,407
2011 $18,644,233,537 $1,568,370,370
2010 $17,176,315,804 $1,482,385,185
2009 $17,613,949,091 $1,401,507,889
2008 $19,112,796,623 $1,437,731,111
2007 $15,778,734,264 $1,336,088,815
2006 $12,864,841,906 $1,268,319,185
2005 $11,222,796,337 $1,135,555,556
2004 $10,156,541,221 $1,066,666,667
2003 $8,498,894,359 $987,407,407
2002 $6,728,220,983 $900,000,000
2001 $5,800,615,375 $892,592,593
2000 $5,567,772,769 $932,592,593
1999 $4,686,256,363 $921,851,852
1998 $4,116,774,301 $877,407,407
1997 $3,671,909,673 $805,925,926
1996 $2,786,045,322 $788,888,889
1995 $1,866,572,954 $762,962,963
1994 $1,255,802,469 $713,703,704
1993 $3,630,668,950 $684,814,815
1992 $4,735,044,707 $674,074,074
1991 $6,122,959,184 $613,703,704
1990 $7,753,478,261 $579,629,630
1989 - $486,666,667
1988 - $429,629,630
1987 - $375,555,556
1986 - $340,000,000
1985 - $284,444,444
1984 - $251,481,481
1983 - $197,037,037
1982 - $183,333,333
1981 - $194,444,444
1980 - $170,370,370

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

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

GDP per capita in Bosnia and Herzegovina vs Saint Lucia by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $14,182 $27,567
2023 $8,663 $23,376 $13,555 $25,975
2022 $7,656 $21,651 $13,104 $24,599
2021 $7,295 $18,287 $10,459 $19,101
2020 $6,130 $16,370 $8,411 $14,912
2019 $6,122 $16,429 $11,794 $18,710
2018 $6,048 $14,859 $11,643 $17,433
2017 $5,345 $13,627 $11,333 $16,131
2016 $4,929 $12,899 $10,638 $15,307
2015 $4,662 $11,845 $10,335 $14,353
2014 $5,206 $11,168 $10,045 $14,403
2013 $5,035 $10,808 $9,577 $14,010
2012 $4,694 $10,121 $9,260 $13,443
2011 $4,983 $9,761 $9,129 $13,471
2010 $4,506 $9,086 $8,674 $12,718
2009 $4,540 $8,698 $8,251 $12,600
2008 $4,842 $8,587 $8,517 $12,969
2007 $3,931 $7,686 $7,964 $12,199
2006 $3,166 $6,869 $7,611 $11,758
2005 $2,740 $5,956 $6,863 $10,818
2004 $2,453 $5,407 $6,495 $10,610
2003 $2,034 $4,917 $6,059 $9,707
2002 $1,607 $4,665 $5,568 $9,205
2001 $1,388 $4,307 $5,570 $9,106
2000 $1,338 $4,148 $5,880 $9,314
1999 $1,135 $3,875 $5,883 $9,214
1998 $1,007 $3,524 $5,673 $8,965
1997 $914 $3,041 $5,282 $8,456
1996 $719 $2,269 $5,244 $8,490
1995 $502 $1,507 $5,148 $8,222
1994 $337 $1,269 $4,892 $8,041
1993 $930 $1,067 $4,765 $7,865
1992 $1,118 $982 $4,760 $7,753
1991 $1,373 $975 $4,399 $7,127
1990 $1,743 $1,043 $4,205 $6,951
1989 - - $3,565 -
1988 - - $3,182 -
1987 - - $2,819 -
1986 - - $2,591 -
1985 - - $2,202 -
1984 - - $1,979 -
1983 - - $1,576 -
1982 - - $1,489 -
1981 - - $1,605 -
1980 - - $1,428 -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Bosnia Saint Lucia
Gross domestic product
$29.6B
2024
$2.55B
2024
GDP rank
111/197
2024
173/197
2024
GDP growth
2.97%
2023-2024
3.89%
2023-2024
GDP per capita
$9,359
2024
$14,182
2024
GDP per capita rank
87/197
2024
70/197
2024
GDP per capita, PPP
$25,043
2024
$27,567
2024
GDP per capita PPP rank
83/197
2024
75/197
2024
Government debt
$8.74B
2024
$1.97B
2024
Debt-to-GDP ratio
29.5%
2024
77.2%
2024
Government debt per person
$2,763
2024
$10,952
2024
Government debt per person rank
107/185
2024
52/185
2024
Average annual personal income after taxes
$8,501
2026
$10,412
2026
Income share by richest 10%
25.1%
2011
34.1%
2015
Income share by poorest 10%
2.9%
2011
2.1%
2015
Government expenditure, % of GDP
43.3%
2024
24.5%
2024
Consumer prices inflation
1.7%
2023-2024
-0.11%
2023-2024
Unemployment rate
10.7%
2024
10.1%
2024
Population
3116111
180638

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Bosnia Saint Lucia
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 24.5% 77.2%
2023 41.7% 29% 25.6% 76.6%
2022 39.4% 31.2% 23% 74.4%
2021 40.6% 35.8% 27.4% 87%
2020 45.4% 37.2% 34.9% 100%
2019 39.9% 32.8% 25.1% 62.1%
2018 40.4% 34.5% 23.2% 60.5%
2017 40% 38.6% 23.3% 60.4%
2016 41.5% 44.9% 23% 61.3%
2015 42.7% 46.4% 23.7% 61.1%
2014 46.2% 47.1% 23.6% 62.4%
2013 44.5% 43.8% 25.4% 62.1%
2012 46.9% 43.6% 28% 60.8%
2011 46.4% 40.9% 27% 55.2%
2010 48.7% 42.2% 26% 53%
2009 49% 36.4% 24.5% 51%
2008 48.4% 30.3% 22.2% 46.7%
2007 45.2% 18.2% 22.6% 49.1%
2006 44.2% 20.6% 24.7% 48.6%
2005 44.5% 24.9% 26% 51.9%
2004 45.6% 25.5% 22.9% 49.6%
2003 47.3% 27.6% 22.9% 45.6%
2002 47.4% 31.1% 23.6% 48.8%
2001 50.2% 35.1% 22.1% 38.1%
2000 56.2% 34.6% 20.7% 32.5%
1999 57.5% 56% 20.9% 28.9%
1998 54.4% 54.4% 18.8% 29.4%
1997 - - 19.5% 27.2%
1996 - - 18.9% 24.1%
1995 - - 19.2% 22.9%
1994 - - 19.1% 23.8%
1993 - - 21.8% 22.9%
1992 - - 18.4% 22.2%
1991 - - 18.4% 19.8%
1990 - - 16.7% 17%
1989 - - 19% 18.1%
1988 - - 18.2% 18.6%
1987 - - 19.9% 19.6%
1986 - - 21.1% 17.2%
1985 - - 20.4% 17.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

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

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 77.2% in Saint Lucia, ranking 159/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Bosnia Saint Lucia
2024 -1.88% -2.13%
2023 -1.67% -3.09%
2022 0.15% -1.67%
2021 -0.18% -5.1%
2020 -4.5% -12%
2019 1.37% -3.51%
2018 1.63% -1.03%
2017 1.79% -1.14%
2016 0.34% -0.79%
2015 -0.19% -2.35%
2014 -2.87% -3.08%
2013 -1.28% -4.84%
2012 -2.68% -7.62%
2011 -2.73% -5.38%
2010 -4.06% -4.17%
2009 -5.34% -2.67%
2008 -3.82% -0.72%
2007 0.17% -1.62%
2006 2.08% -5.07%
2005 0.74% -6.18%
2004 -0.18% -2.63%
2003 -0.44% -3.23%
2002 -2.99% -3.1%
2001 -3.44% -3.08%
2000 -4.63% -1.16%
1999 -2.78% 1.62%
1998 -0.98% 2.25%
1997 - -1.13%
1996 - -0.58%
1995 - -0.13%
1994 - -0.02%
1993 - -0.26%
1992 - -0.66%
1991 - -0.43%
1990 - 0.29%
1989 - 0.89%
1988 - 2.02%
1987 - 0.56%
1986 - -1.61%
1985 - -1.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/saint-lucia | 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 Saint Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Saint Lucia ran a deficit in 25 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 3.09% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Saint Lucia
1x
Year Consumer prices inflation
Bosnia Saint Lucia
2024 1.7% -0.11%
2023 6.1% 4.07%
2022 14% 6.38%
2021 2% 2.41%
2020 -1.1% -1.76%
2019 0.6% 0.54%
2018 1.4% 1.94%
2017 0.8% 0.1%
2016 -1.6% -3.08%
2015 -1% -0.98%
2014 -0.9% 3.52%
2013 -0.1% 1.47%
2012 2.1% 4.18%
2011 4% 2.77%
2010 2.1% 3.25%
2009 -0.4% -0.16%
2008 7.4% 5.55%
2007 1.5% 2.82%
2006 6.1% 2.4%
2005 3.6% 3.9%
2004 0.3% 1.46%
2003 0.5% 1.03%
2002 0.3% -0.26%
2001 3.2% 5.31%
2000 5% 3.71%
1999 2.8% 3.5%
1998 -0.3% 3.2%
1997 5.7% -0.006%

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/saint-lucia | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 2.04% in Saint Lucia. In 2024, inflation was 1.7% in Bosnia and Herzegovina and -0.11% in Saint Lucia.

Balance of trade

Bosnia Saint Lucia
Current account balance
-$1.03B
2024
-$64.1M
2024
Current account balance ranking
123/190
2024
86/190
2024
Current account balance, % of GDP
-3.47%
2024
-2.52%
2024
Goods imports
$14.8B
2024
$848M
2024
Goods exports
$8.36B
2024
$137M
2024
Service imports
$1.27B
2024
$598M
2024
Service exports
$3.74B
2024
$1.46B
2024
Imports of goods and services, % of GDP
54.3%
2024
n/a
Exports of goods and services, % of GDP
40.9%
2024
19%
2025

Economic freedom indices

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

Bosnia Saint Lucia
Economic freedom 63.1 67.5
Economic freedom ranking 83/197 57/197
Property rights 46.9 64.3
Government integrity 36.8 59.7
Judicial effectiveness 36.1 77.3
Tax burden 93.9 77.7
Government spending 48.4 82.6
Fiscal health 96.2 80
Business freedom 65.1 71.9
Labor freedom 62.7 65.2
Monetary freedom 77.5 81
Trade freedom 69 60
Investment freedom 65 50
Financial freedom 60 40

Economic freedom comparison by year

Bosnia and Herzegovina
Saint Lucia
1x
Year Economic freedom index
Bosnia Saint Lucia
2026 63.1 67.5
2025 63.5 67
2024 62 62.2
2023 62.9 60.7
2022 63.4 64.3
2021 62.9 67.5
2020 62.6 68.2
2019 61.9 68.7
2018 61.4 67.6
2017 60.2 65
2016 58.6 70
2015 59 70.2
2014 58.4 70.7
2013 57.3 70.4
2012 57.3 71.3
2011 57.5 70.8
2010 56.2 70.5
2009 53.1 68.8
2008 53.9 -
2007 54.4 -
2006 55.6 -
2005 48.8 -
2004 44.7 -
2003 40.6 -
2002 37.4 -
2001 36.6 -
2000 45.1 -
1999 29.4 -
1998 29.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Saint Lucia
Services, % of GDP
56.6%
2024
75.9%
2024
Industry, % of GDP
22.4%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
1.13%
2024
GNI, Atlas method
$27.8B
2024
$2.27B
2024
GNI per capita, PPP
$24,990
2024
$24,840
2024
Total reserves including gold
$9.42B
2024
$406M
2024
Total reserves ranking
79/177
2024
162/177
2024
Net foreign direct investment
-$885M
2024
-$187M
2024
Net inflows of foreign direct investment
$1B
2024
$187M
2024
Net outflows of foreign direct investment
$119M
2024
-$350K
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
3.42%
2024
Poverty at national poverty lines
16.9%
2015
25%
2016
Gross capital formation, % of GDP
27.5%
2024
n/a

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).

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Data sources:

  1. World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1998–2026, 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 (1985–1989, 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.