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

Updated on by Georank

Bosnia and Herzegovina has a GDP of $32.6B compared to $604B for Singapore, ranking 110/197 and 28/197 by economy size, respectively.

Bosnia and Herzegovina has $9.76B in government debt (29.9% of GDP), compared to $1.03T (171.3% of GDP) in Singapore.

Bosnia and Herzegovina vs Singapore GDP by year

Bosnia and Herzegovina
Singapore
1x
Year GDP, current $
Bosnia Singapore
2025 $32,599,982,936 $603,869,516,999
2024 $29,737,363,103 $572,877,260,178
2023 $27,592,361,498 $511,181,761,244
2022 $24,534,663,636 $514,252,535,239
2021 $23,672,712,121 $441,110,903,525
2020 $20,226,038,370 $351,226,533,656
2019 $20,482,608,984 $376,827,390,962
2018 $20,484,058,033 $377,976,367,877
2017 $18,326,373,136 $344,795,119,214
2016 $17,116,926,554 $320,759,207,439
2015 $16,404,348,361 $307,998,545,269
2014 $18,558,734,107 $314,863,580,758
2013 $18,179,109,209 $307,576,360,585
2012 $17,226,735,996 $295,092,888,077
2011 $18,644,233,537 $279,356,499,090
2010 $17,176,315,804 $239,807,980,591
2009 $17,613,949,091 $194,150,283,772
2008 $19,112,796,623 $193,617,323,539
2007 $15,778,734,264 $180,941,701,358
2006 $12,864,841,906 $148,627,286,361
2005 $11,222,796,337 $127,807,848,728
2004 $10,156,541,221 $115,033,593,101
2003 $8,498,894,359 $97,646,401,096
2002 $6,728,220,983 $92,538,372,870
2001 $5,800,615,375 $89,793,790,670
2000 $5,567,772,769 $96,076,539,926
1999 $4,686,256,363 $86,286,849,755
1998 $4,116,774,301 $85,728,207,782
1997 $3,671,909,673 $100,123,787,215
1996 $2,786,045,322 $96,293,086,513
1995 $1,866,572,954 $87,812,540,788
1994 $1,255,802,469 $73,688,724,431
1993 $3,630,668,950 $60,603,815,716
1992 $4,735,044,707 $52,131,320,033
1991 $6,122,959,184 $45,466,164,978
1990 $7,753,478,261 $36,144,336,769
1989 - $30,465,364,739
1988 - $25,371,462,488
1987 - $20,919,215,578
1986 - $18,586,746,057
1985 - $19,156,532,746
1984 - $19,749,361,098
1983 - $17,784,112,150
1982 - $16,084,252,378
1981 - $14,175,228,844
1980 - $11,896,256,783
1979 - $9,296,921,724
1978 - $7,517,176,355
1977 - $6,618,585,074
1976 - $6,327,077,974
1975 - $5,633,673,930
1974 - $5,221,534,956
1973 - $3,696,213,333
1972 - $2,721,440,981
1971 - $2,263,785,444
1970 - $1,920,574,150
1969 - $1,659,893,768
1968 - $1,425,706,091
1967 - $1,238,035,816
1966 - $1,096,425,608
1965 - $974,644,096
1964 - $894,153,311
1963 - $917,608,012
1962 - $826,239,212
1961 - $764,629,788
1960 - $704,751,700

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bosnia and Herzegovina vs Singapore by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,382 - $98,814 -
2024 $9,398 $25,043 $94,897 $150,689
2023 $8,663 $23,376 $86,383 $143,786
2022 $7,656 $21,651 $91,228 $143,095
2021 $7,295 $18,287 $80,885 $132,617
2020 $6,130 $16,370 $61,773 $101,518
2019 $6,122 $16,429 $66,069 $105,335
2018 $6,048 $14,859 $67,033 $103,963
2017 $5,345 $13,627 $61,436 $95,744
2016 $4,929 $12,899 $57,204 $89,902
2015 $4,662 $11,845 $55,646 $87,156
2014 $5,206 $11,168 $57,565 $84,555
2013 $5,035 $10,808 $56,967 $83,088
2012 $4,694 $10,121 $55,548 $82,108
2011 $4,983 $9,761 $53,891 $80,052
2010 $4,506 $9,086 $47,237 $75,401
2009 $4,540 $8,698 $38,927 $66,213
2008 $4,842 $8,587 $40,009 $67,735
2007 $3,931 $7,686 $39,433 $68,805
2006 $3,166 $6,869 $33,768 $64,061
2005 $2,740 $5,956 $29,961 $58,822
2004 $2,453 $5,407 $27,608 $54,384
2003 $2,034 $4,917 $23,730 $48,778
2002 $1,607 $4,665 $22,160 $45,083
2001 $1,388 $4,307 $21,700 $43,109
2000 $1,338 $4,148 $23,853 $43,781
1999 $1,135 $3,875 $21,797 $39,949
1998 $1,007 $3,524 $21,829 $37,560
1997 $914 $3,041 $26,376 $39,286
1996 $719 $2,269 $26,233 $36,873
1995 $502 $1,507 $24,915 $35,090
1994 $337 $1,269 $21,552 $33,058
1993 $930 $1,067 $18,290 $30,062
1992 $1,118 $982 $16,136 $27,022
1991 $1,373 $975 $14,502 $25,530
1990 $1,743 $1,043 $11,862 $23,815
1989 - - $10,395 -
1988 - - $8,914 -
1987 - - $7,539 -
1986 - - $6,800 -
1985 - - $7,002 -
1984 - - $7,228 -
1983 - - $6,633 -
1982 - - $6,078 -
1981 - - $5,597 -
1980 - - $4,928 -
1979 - - $3,901 -
1978 - - $3,194 -
1977 - - $2,846 -
1976 - - $2,759 -
1975 - - $2,490 -
1974 - - $2,342 -
1973 - - $1,685 -
1972 - - $1,264 -
1971 - - $1,071 -
1970 - - $926 -
1969 - - $813 -
1968 - - $709 -
1967 - - $626 -
1966 - - $567 -
1965 - - $517 -
1964 - - $486 -
1963 - - $511 -
1962 - - $472 -
1961 - - $449 -
1960 - - $428 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Bosnia and Herzegovina's GDP per capita is $10,382, ranking 87/197, compared to $98,814 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Singapore ranks 2nd at $150,689.

Economic indicators

Bosnia Singapore
Gross domestic product
$32.6B
2025
$604B
2025
GDP rank
110/197
2025
28/197
2025
GDP growth
2.13%
2024-2025
5.03%
2024-2025
GDP per capita
$10,382
2025
$98,814
2025
GDP per capita rank
87/197
2025
7/197
2025
GDP per capita, PPP
$25,043
2024
$150,689
2024
GDP per capita PPP rank
83/197
2024
2/197
2024
Government debt
$9.76B
2025
$1.03T
2025
Debt-to-GDP ratio
29.9%
2025
171.3%
2025
Government debt per person
$3,108
2025
$169,228
2025
Government debt per person rank
104/185
2025
1/185
2025
Average annual personal income after taxes
$9,479
2026
$51,296
2026
Market capitalization of domestic companies n/a
$824B
2025
Number of millionaires n/a
244,000
2026
Number of billionaires n/a
55
2026
Income share by richest 10%
23.6%
2021
n/a
Income share by poorest 10%
3.3%
2021
n/a
Government expenditure, % of GDP
44.9%
2025
15.5%
2025
Consumer prices inflation
4%
2024-2025
0.9%
2024-2025
Unemployment rate
10.7%
2024
3.26%
2025
Population
3114736
6167445

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Bosnia Singapore
Government spending Government debt Government spending Government debt
2025 44.9% 29.9% 15.5% 171.3%
2024 43.3% 29.4% 14.3% 166%
2023 41.9% 29% 14.6% 170.4%
2022 39.4% 31.2% 14.9% 153.3%
2021 40.6% 35.8% 15.4% 139.9%
2020 45.4% 37.2% 24% 147.1%
2019 39.9% 32.8% 14% 127.7%
2018 40.4% 34.5% 13.9% 109.2%
2017 40% 38.6% 13.6% 107.3%
2016 41.5% 44.9% 15.2% 105.9%
2015 42.7% 46.4% 14.4% 102.1%
2014 46.2% 47.1% 12.6% 97.7%
2013 43.8% 43.8% 10.9% 98.2%
2012 47.9% 43.6% 9.83% 106.7%
2011 46.4% 40.9% 9.66% 103.1%
2010 48.7% 42.2% 10.2% 98.7%
2009 49% 36.4% 15.9% 101.7%
2008 48.4% 30.3% 14% 97.9%
2007 45.2% 18.2% 9.01% 87.8%
2006 44.2% 20.6% 12.3% 86.5%
2005 44.5% 24.9% 12.4% 92.7%
2004 45.6% 25.5% 14.1% 95.7%
2003 47.3% 27.6% 15.6% 99.1%
2002 47.4% 31.1% 15.9% 96.3%
2001 50.2% 35.1% 18.2% 94.5%
2000 56.2% 34.6% 16.1% 82.3%
1999 57.5% 56% 15.9% 85.3%
1998 54.4% 54.4% 18.1% 84.6%
1997 - - 14.5% 70.8%
1996 - - 18.1% 71.3%
1995 - - 13.8% 69.8%
1994 - - 11.7% 70.7%
1993 - - 14.5% 71.2%
1992 - - 14.5% 79%
1991 - - 15.9% 76.4%
1990 - - 15.1% 73.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Bosnia and Herzegovina's government spending was $14.6B, accounting for 44.9% of its GDP, while Singapore spent $93.3B, or 15.5% of GDP.

Debt-to-GDP ratio is 29.9% in Bosnia and Herzegovina and 171.3% in Singapore, ranking 156/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Singapore
1x
Year Deficit/surplus, % of GDP
Bosnia Singapore
2025 -2.41% 4.16%
2024 -1.96% 3.79%
2023 -1.67% 3.42%
2022 0.15% 1.2%
2021 -0.18% 1.11%
2020 -4.5% -6.68%
2019 1.37% 3.76%
2018 1.63% 3.67%
2017 1.79% 5.23%
2016 0.34% 3.24%
2015 -0.19% 2.86%
2014 -2.87% 4.6%
2013 -2.19% 5.96%
2012 -3.76% 7.34%
2011 -2.73% 7.96%
2010 -4.06% 5.68%
2009 -5.34% -0.09%
2008 -3.82% 3.59%
2007 0.17% 7.12%
2006 2.08% 2.16%
2005 0.74% 2.56%
2004 -0.18% 2.06%
2003 -0.44% 0.68%
2002 -2.99% 2.23%
2001 -3.44% 1.2%
2000 -4.63% 4.59%
1999 -2.78% 5.2%
1998 -0.98% 2.41%
1997 - 5.66%
1996 - 1.98%
1995 - 4.8%
1994 - 7.9%
1993 - 4.36%
1992 - 2.7%
1991 - 0.68%
1990 - 1.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/singapore | 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 Singapore's surplus of $25.1B, or 4.16% of GDP.

Over the past 28 years, Bosnia and Herzegovina recorded a fiscal deficit in 20 of those years, while Singapore ran a deficit in 2 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.53% of GDP, compared to surplus of 3.25% of GDP for Singapore.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Singapore
1x
Year Consumer prices inflation
Bosnia Singapore
2025 4% 0.9%
2024 1.7% 2.39%
2023 6.1% 4.83%
2022 14% 6.13%
2021 2% 2.32%
2020 -1% -0.17%
2019 0.6% 0.57%
2018 1.4% 0.44%
2017 0.8% 0.58%
2016 -1.6% -0.53%
2015 -1% -0.52%
2014 -0.9% 1.03%
2013 -0.1% 2.36%
2012 2.1% 4.58%
2011 4% 5.25%
2010 2.1% 2.83%
2009 -0.4% 0.59%
2008 7.4% 6.64%
2007 1.5% 2.11%
2006 6.1% 0.97%
2005 3.6% 0.43%
2004 0.3% 1.66%
2003 0.5% 0.51%
2002 0.3% -0.39%
2001 3.2% 1%
2000 5% 1.36%
1999 2.8% 0.02%
1998 -0.3% -0.27%
1997 5.7% 2%

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

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

Over the past 29 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.41%, compared with 1.71% in Singapore. In 2025, inflation was 4% in Bosnia and Herzegovina and 0.9% in Singapore.

Top exports between countries

Bosnia
Export category Export value
Machinery & equipment $788K
Processed food, beverages & tobacco $361K
Transport & tourism services $216K
Metals $54K
Raw materials & minerals $46K
Textiles & consumer goods $38K
Wood & paper products $13K
Precious metals & jewellery $1K
Singapore
Export category Export value
Machinery & equipment $3.18M
Chemicals & pharma $416K
Textiles & consumer goods $105K
Processed food, beverages & tobacco $59K
Raw agricultural goods $30K
Precious metals & jewellery $8K
Miscellaneous $7K
Raw materials & minerals $1K

Balance of trade

Bosnia Singapore
Current account balance
-$1.02B
2025
$101B
2025
Current account balance ranking
117/190
2025
8/190
2025
Current account balance, % of GDP
-3.14%
2025
+16.7%
2025
Goods imports
$16.3B
2025
$475B
2025
Goods exports
$9.5B
2025
$652B
2025
Service imports
$1.42B
2025
$385B
2025
Service exports
$3.92B
2025
$422B
2025
Imports of goods and services, % of GDP
54.1%
2025
142.5%
2025
Exports of goods and services, % of GDP
41%
2025
177.9%
2025

Economic freedom indices

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

Bosnia Singapore
Economic freedom 63.1 84.4
Economic freedom ranking 83/197 1/197
Property rights 46.9 89.2
Government integrity 36.8 86.1
Judicial effectiveness 36.1 58.3
Tax burden 93.9 89.5
Government spending 48.4 93.4
Fiscal health 96.2 80
Business freedom 65.1 90.6
Labor freedom 62.7 77
Monetary freedom 77.5 83.5
Trade freedom 69 95
Investment freedom 65 90
Financial freedom 60 80

Economic freedom comparison by year

Bosnia and Herzegovina
Singapore
1x
Year Economic freedom index
Bosnia Singapore
2026 63.1 84.4
2025 63.5 84.1
2024 62 83.5
2023 62.9 83.9
2022 63.4 84.4
2021 62.9 89.7
2020 62.6 89.4
2019 61.9 89.4
2018 61.4 88.8
2017 60.2 88.6
2016 58.6 87.8
2015 59 89.4
2014 58.4 89.4
2013 57.3 88
2012 57.3 87.5
2011 57.5 87.2
2010 56.2 86.1
2009 53.1 87.1
2008 53.9 87.3
2007 54.4 87.1
2006 55.6 88
2005 48.8 88.6
2004 44.7 88.9
2003 40.6 88.2
2002 37.4 87.4
2001 36.6 87.8
2000 45.1 87.7
1999 29.4 86.9
1998 29.4 87
1997 - 87.3
1996 - 86.5
1995 - 86.3

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

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Singapore
Services, % of GDP
57.7%
2025
71.6%
2025
Industry, % of GDP
21.5%
2025
22.7%
2025
Agriculture, forestry, and fishing, % of GDP
4.36%
2025
0.02%
2025
GNI, Atlas method
$31.2B
2025
$500B
2025
GNI per capita, PPP
$25,810
2025
$135,750
2025
Total reserves including gold
$9.42B
2024
$432B
2025
Total reserves ranking
83/177
2024
11/177
2025
Net foreign direct investment
-$526M
2025
-$64.9B
2025
Net inflows of foreign direct investment
$1B
2024
$135B
2024
Net outflows of foreign direct investment
$119M
2024
$63.6B
2024
Servicing debt to the IMF, % of GNI
4.91%
2024
n/a
Poverty at national poverty lines
16.9%
2015
n/a
Gross capital formation, % of GDP
28.7%
2025
22.5%
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/singapore | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.