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Economy of Bosnia and Herzegovina vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $28.3B compared to $99B for Sri Lanka, ranking 111/197 and 71/197 by economy size, respectively.

Bosnia and Herzegovina has $9.28B in government debt (33.8% of GDP), compared to $98.4B (105.6% of GDP) in Sri Lanka.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Bosnia and Herzegovina
GDP, current $

GDP, constant 2015 $
Sri Lanka
GDP, current $

GDP, constant 2015 $
Year GDP
Bosnia Sri Lanka
Current $ Constant $ Current $ Constant $
1960 - - $1,409,873,950 -
1961 - - $1,444,327,731 $6,526,664,116
1962 - - $1,434,156,379 $6,775,853,428
1963 - - $1,240,672,269 $6,946,384,624
1964 - - $1,309,747,899 $7,217,740,543
1965 - - $1,698,319,328 $7,400,851,267
1966 - - $1,751,470,588 $7,772,654,452
1967 - - $1,859,465,021 $8,273,137,570
1968 - - $1,801,344,538 $8,753,070,071
1969 - - $1,965,546,218 $9,428,528,703
1970 - - $2,296,470,588 $9,791,209,303
1971 - - $2,369,308,600 $9,919,171,146
1972 - - $2,553,936,348 $9,878,454,941
1973 - - $2,875,625,000 $10,575,616,915
1974 - - $3,574,586,466 $10,982,337,251
1975 - - $3,791,298,146 $11,655,140,838
1976 - - $3,591,319,857 $12,043,852,220
1977 - - $4,104,509,583 $12,658,159,773
1978 - - $2,733,183,857 $13,373,831,476
1979 - - $3,364,611,432 $14,230,232,388
1980 - - $4,024,621,900 $15,062,135,547
1981 - - $4,415,844,156 $15,920,605,692
1982 - - $4,768,765,017 $16,579,956,893
1983 - - $5,167,913,302 $17,378,114,521
1984 - - $6,043,474,843 $18,264,250,049
1985 - - $5,978,460,972 $19,177,354,129
1986 - - $6,405,210,564 $20,012,632,786
1987 - - $6,682,167,120 $20,357,972,917
1988 - - $6,978,371,581 $20,861,361,467
1989 - - $6,987,267,684 $21,341,027,046
1990 $7,753,478,261 $3,519,825,382 $8,032,551,173 $22,706,851,776
1991 $6,122,959,184 $3,190,791,226 $9,000,362,582 $23,751,364,061
1992 $4,735,044,707 $2,985,402,939 $9,703,011,636 $24,796,422,002
1993 $3,630,668,950 $2,920,280,897 $10,338,679,636 $26,507,390,805
1994 $1,255,802,469 $3,245,365,559 $11,717,604,209 $27,991,783,146
1995 $1,866,572,954 $3,763,595,298 $13,029,697,561 $29,531,355,077
1996 $2,786,045,322 $5,803,437,611 $13,897,738,375 $30,653,536,886
1997 $3,671,909,673 $7,929,882,642 $15,091,913,884 $32,617,018,444
1998 $4,116,774,301 $9,247,541,639 $15,794,972,847 $34,149,503,956
1999 $4,686,256,363 $10,128,052,807 $15,656,327,860 $35,618,117,204
2000 $5,567,772,769 $10,676,417,585 $16,330,814,180 $37,755,216,046
2001 $5,800,615,466 $10,935,140,619 $15,749,753,805 $37,171,743,867
2002 $6,728,220,887 $11,484,898,712 $16,536,535,647 $38,645,482,957
2003 $8,498,894,359 $11,929,035,686 $18,881,765,437 $40,941,128,632
2004 $10,156,541,538 $12,683,578,945 $20,662,525,941 $43,170,398,174
2005 $11,222,796,337 $13,177,880,591 $24,405,791,045 $45,864,985,657
2006 $12,864,841,906 $13,891,331,517 $28,279,802,406 $49,382,046,638
2007 $15,778,734,264 $14,704,964,355 $32,350,238,760 $52,738,458,482
2008 $19,112,796,623 $15,505,477,768 $40,713,826,215 $55,876,443,248
2009 $17,613,949,091 $15,039,622,522 $42,066,224,093 $57,853,861,433
2010 $17,176,315,804 $15,169,815,911 $58,636,161,082 $62,491,408,088
2011 $18,644,233,537 $15,315,372,001 $67,753,284,044 $67,909,090,095
2012 $17,226,735,996 $15,189,504,687 $70,447,216,891 $73,771,125,926
2013 $18,179,108,531 $15,546,436,275 $77,000,578,167 $76,760,144,813
2014 $18,558,733,564 $15,725,819,000 $82,528,535,714 $81,655,890,647
2015 $16,404,348,871 $16,404,348,871 $85,090,301,052 $85,090,301,052
2016 $17,116,926,328 $16,936,219,728 $88,000,211,172 $89,390,445,685
2017 $18,326,373,366 $17,485,647,794 $94,369,350,286 $95,165,677,467
2018 $20,484,053,869 $18,154,910,825 $94,450,015,983 $97,364,084,799
2019 $20,482,608,755 $18,679,105,434 $88,998,706,297 $97,149,412,680
2020 $20,226,036,564 $18,115,912,632 $84,335,574,582 $92,656,723,482
2021 $23,672,712,242 $19,454,671,754 $88,556,698,938 $96,555,233,344
2022 $24,534,663,636 $20,276,983,961 $74,143,020,263 $89,459,202,881
2023 $27,592,361,388 $20,681,387,157 $83,716,142,582 $87,374,939,262
2024 $28,343,394,203 $21,194,295,296 $98,963,185,510 $91,751,304,717

Economic indicators

Bosnia Sri Lanka
Gross domestic product
$28.3B
2024
$99B
2024
GDP rank
111/197
2024
71/197
2024
GDP growth
2.72%
2023-2024
18.2%
2023-2024
GDP per capita
$8,957
2024
$4,516
2024
GDP per capita rank
90/197
2024
125/197
2024
GDP per capita, PPP
$21,971
2024
$15,633
2024
Government debt
$9.28B
2024
$98.4B
2024
Debt-to-GDP ratio
33.8%
2025
105.6%
2025
Government debt per person
$2,934
2024
$4,490
2024
Government debt per person rank
102/185
2024
86/185
2024
Average annual personal income after taxes
$8,350
2025
$2,982
2025
Market capitalization of domestic companies n/a
$19.5B
2024
Income share by richest 10%
25.1%
2011
30.8%
2019
Income share by poorest 10%
2.9%
2011
3.1%
2019
Government expenditure, % of GDP
44.9%
2025
20.2%
2025
Consumer prices inflation
4%
2024-2025
-0.43%
2023-2024
Central bank interest rate n/a
7.75%
2025
Unemployment rate
10.7%
2023
4.53%
2022
Population
3140094
22125995

GDP per capita in Bosnia and Herzegovina vs Sri Lanka

Bosnia and Herzegovina's GDP per capita is $8,957, ranking 90/197, compared to $4,516 in Sri Lanka, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 88th at $21,971, while Sri Lanka ranks 112th at $15,633.

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
Year Current $
Bosnia Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $145.9 -
1961 - - $145.9 -
1962 - - $141.4 -
1963 - - $119.4 -
1964 - - $122.9 -
1965 - - $155.6 -
1966 - - $156.6 -
1967 - - $162.3 -
1968 - - $153.5 -
1969 - - $163.6 -
1970 - - $186.9 -
1971 - - $188.8 -
1972 - - $199.4 -
1973 - - $220.2 -
1974 - - $268.7 -
1975 - - $279.8 -
1976 - - $260.3 -
1977 - - $292.1 -
1978 - - $191 -
1979 - - $230.8 -
1980 - - $271.1 -
1981 - - $292.5 -
1982 - - $312 -
1983 - - $336 -
1984 - - $391 -
1985 - - $385 -
1986 - - $407 -
1987 - - $420 -
1988 - - $434 -
1989 - - $430 -
1990 $1,743 $1,043 $491 $2,527
1991 $1,373 $975 $546 $2,713
1992 $1,118 $982 $580 $2,851
1993 $930 $1,067 $607 $3,067
1994 $337 $1,269 $678 $3,260
1995 $502 $1,507 $742 $3,454
1996 $719 $2,268 $776 $3,582
1997 $914 $3,040 $827 $3,804
1998 $1,007 $3,523 $849 $3,952
1999 $1,135 $3,874 $826 $4,103
2000 $1,338 $4,147 $846 $4,368
2001 $1,388 $4,307 $804 $4,328
2002 $1,607 $4,665 $835 $4,522
2003 $2,034 $4,918 $946 $4,850
2004 $2,453 $5,408 $1,029 $5,216
2005 $2,740 $5,956 $1,207 $5,679
2006 $3,166 $6,871 $1,390 $6,261
2007 $3,931 $7,686 $1,579 $6,820
2008 $4,842 $8,587 $1,974 $7,317
2009 $4,540 $8,694 $2,027 $7,576
2010 $4,506 $9,087 $2,808 $8,234
2011 $4,983 $9,762 $3,225 $9,076
2012 $4,694 $10,121 $3,328 $10,249
2013 $5,035 $10,808 $3,741 $11,253
2014 $5,206 $11,168 $3,972 $11,721
2015 $4,662 $11,849 $4,058 $12,227
2016 $4,929 $12,899 $4,149 $13,079
2017 $5,345 $13,627 $4,399 $13,610
2018 $6,048 $14,858 $4,359 $14,178
2019 $6,122 $16,428 $4,082 $14,113
2020 $6,130 $16,370 $3,848 $12,941
2021 $7,295 $18,287 $3,997 $14,316
2022 $7,656 $21,117 $3,343 $14,194
2023 $8,663 $22,512 $3,799 $14,456
2024 $8,957 $21,971 $4,516 $15,633

Spending and national debt comparison

In 2024, Bosnia and Herzegovina's government spending was $12.2B, accounting for 44.9% of its GDP, while Sri Lanka's spent $19.1B, or 20.2% of GDP.

Debt-to-GDP ratio is 33.8% in Bosnia and Herzegovina and 105.6% in Sri Lanka, ranking 151/185 and 18/185, respectively.

Bosnia and Herzegovina
Government spending

Government debt
Sri Lanka
Government spending

Government debt
Year % of GDP
Bosnia Sri Lanka
Government spending Government debt Government spending Government debt
1990 - - 25.4% 78.9%
1991 - - 26.4% 80.5%
1992 - - 23% 77.9%
1993 - - 23.2% 79.2%
1994 - - 24.1% 77.9%
1995 - - 24.8% 77.8%
1996 - - 23.1% 76.2%
1997 - - 21.4% 70.1%
1998 54.4% 54.4% 21.4% 74.2%
1999 57.5% 56% 20.5% 77.7%
2000 56.2% 34.6% 21.7% 79.2%
2001 50.2% 35.1% 22.4% 84.4%
2002 47.4% 31.1% 20.8% 96.3%
2003 47.3% 27.6% 19.3% 86.5%
2004 45.6% 25.5% 19.3% 86.5%
2005 44.5% 24.9% 20.1% 76.6%
2006 44.2% 20.6% 20.5% 74.3%
2007 45.2% 18.2% 19.9% 71.8%
2008 48.4% 30.3% 19.1% 68.8%
2009 49% 36.4% 21% 72.8%
2010 48.7% 42.2% 19.3% 68.7%
2011 46.4% 40.9% 19.1% 69.4%
2012 46.9% 43.6% 17.3% 67.5%
2013 44.5% 43.8% 16.6% 69.5%
2014 46.2% 47.1% 17.2% 69.6%
2015 42.7% 46.4% 19.3% 76.3%
2016 41.5% 44.9% 18.2% 75%
2017 40% 38.6% 17.9% 72.3%
2018 40.4% 34.9% 17.5% 83.6%
2019 39.9% 33.2% 19.5% 82.6%
2020 45.4% 37.1% 22.1% 96.9%
2021 40.6% 35.6% 20% 102.7%
2022 39.4% 31% 18.6% 115.9%
2023 41.6% 31.6% 19.5% 110.4%
2024 43% 32.8% 19.3% 99.4%
2025 44.9% 33.8% 20.2% 105.6%

Government deficit by year

In 2024, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was -$465M, equivalent to -1.64% of GDP. This compares to Sri Lanka's deficit of -$5.58B, or -5.64% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Sri Lanka ran a deficit in 27 years. On average, Bosnia and Herzegovina posted an annual deficit equal to -1.41% of GDP, compared to deficit of -6.95% of GDP for Sri Lanka.

Deficit/surplus
Bosnia and Herzegovina

Sri Lanka
Year Deficit/surplus, % of GDP
Bosnia Sri Lanka
1990 - -6.39%
1991 - -7.97%
1992 - -4.95%
1993 - -5.77%
1994 - -7.41%
1995 - -7.11%
1996 - -6.89%
1997 - -5.71%
1998 -0.98% -6.79%
1999 -2.78% -5.58%
2000 -4.63% -7.78%
2001 -3.44% -8.48%
2002 -2.99% -6.9%
2003 -0.44% -6.15%
2004 -0.18% -6.32%
2005 0.74% -5.93%
2006 2.08% -5.91%
2007 0.17% -5.81%
2008 -3.82% -5.93%
2009 -5.34% -8.33%
2010 -4.06% -6.73%
2011 -2.73% -6.01%
2012 -2.68% -5.44%
2013 -1.28% -5%
2014 -2.87% -5.99%
2015 -0.19% -6.64%
2016 0.34% -5%
2017 1.79% -5.1%
2018 1.63% -4.96%
2019 1.37% -7.52%
2020 -4.5% -13.4%
2021 -0.18% -11.7%
2022 0.15% -10.2%
2023 -1.67% -8.32%
2024 -1.64% -5.64%
2025 -2.19% -5.49%

Inflation comparison by year

Over the past 29 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 1.87%, compared with 9.57% in Sri Lanka. In 2024, inflation was 4% in Bosnia and Herzegovina and -0.43% in Sri Lanka.

Inflation
Bosnia and Herzegovina

Sri Lanka
Year Inflation
Bosnia Sri Lanka Bosnia Sri Lanka
1996 -11.7% 15.9%
1997 5.7% 9.57%
1998 -0.3% 9.36%
1999 2.8% 4.69%
2000 5% 6.18%
2001 3.2% 14.2%
2002 0.3% 9.55%
2003 0.5% 6.31%
2004 0.3% 7.58%
2005 3.6% 11.6%
2006 6.1% 10%
2007 1.5% 15.8%
2008 7.4% 22.6%
2009 -0.4% 3.46%
2010 2.1% 6.22%
2011 4% 6.72%
2012 2.1% 7.54%
2013 -0.1% 6.91%
2014 -0.9% 3.18%
2015 -1% 3.77%
2016 -1.6% 3.96%
2017 0.8% 7.7%
2018 1.4% 2.14%
2019 0.6% 3.53%
2020 -1.1% 6.15%
2021 2% 7.01%
2022 14% 49.7%
2023 6.1% 16.5%
2024 1.7% -0.43%
2025 4% -

Top exports between countries

Bosnia
Export category Export value
Wood & paper products $305K
Raw materials & minerals $138K
Sri Lanka
Export category Export value
Raw agricultural goods $66K
Raw materials & minerals $54K
Textiles & consumer goods $25K
Processed food, beverages & tobacco $21K
Chemicals & pharma $3K
Machinery & equipment $1K

Balance of trade

Bosnia Sri Lanka
Current account balance
-$1.03B
2024
$1.56B
2023
Current account balance ranking
122/189
2024
50/189
2023
Current account balance, % of GDP
-3.63%
2024
+1.86%
2023
Goods imports
$14.8B
2024
$16.8B
2023
Goods exports
$8.36B
2024
$11.9B
2023
Service imports
$1.27B
2024
$2.01B
2023
Service exports
$3.74B
2024
$5.42B
2023
Imports of goods and services, % of GDP
57.2%
2024
22.5%
2024
Exports of goods and services, % of GDP
42.8%
2024
19.9%
2024

Economic freedom indices

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

Bosnia Sri Lanka
Economic freedom 63.5 49.4
Economic freedom ranking 77/197 164/197
Property rights 48.3 51.3
Government integrity 36.2 37.4
Judicial effectiveness 33.9 47.4
Tax burden 93.6 77.5
Government spending 51.2 88.8
Fiscal health 97.9 0
Business freedom 67.1 55.8
Labor freedom 66.2 54.6
Monetary freedom 72.5 54.5
Trade freedom 70 65
Investment freedom 65 30
Financial freedom 60 30

Economic freedom by year comparison

The Economic Freedom Index for Bosnia and Herzegovina is 63.5, ranking 77/197, compared to 49.4 for Sri Lanka, ranking 164/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bosnia and Herzegovina
Sri Lanka
Year Economic freedom index
Bosnia Sri Lanka
1995 - 60.6
1996 - 62.5
1997 - 65.5
1998 29.4 64.6
1999 29.4 64
2000 45.1 63.2
2001 36.6 66
2002 37.4 64
2003 40.6 62.5
2004 44.7 61.6
2005 48.8 61
2006 55.6 58.7
2007 54.4 59.4
2008 53.9 58.4
2009 53.1 56
2010 56.2 54.6
2011 57.5 57.1
2012 57.3 58.3
2013 57.3 60.7
2014 58.4 60
2015 59 58.6
2016 58.6 59.9
2017 60.2 57.4
2018 61.4 57.8
2019 61.9 56.4
2020 62.6 57.4
2021 62.9 55.7
2022 63.4 53.3
2023 62.9 52.2
2024 62 49.2
2025 63.5 49.4

More economic indicators

Bosnia Sri Lanka
Services, % of GDP
58%
2024
57.5%
2024
Industry, % of GDP
22%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
4.25%
2024
8.3%
2024
GNI, Atlas method
$27.3B
2024
$84.6B
2024
GNI per capita, PPP
$21,900
2024
$15,240
2024
Total reserves including gold
$9.42B
2024
$6.09B
2024
Total reserves ranking
79/177
2024
92/177
2024
Net foreign direct investment
-$885M
2024
-$678M
2023
Net inflows of foreign direct investment
$1B
2024
$761M
2024
Net outflows of foreign direct investment
$119M
2024
$110M
2024
Servicing debt to the IMF, % of GNI
6.11%
2023
3.48%
2023
Poverty at national poverty lines
16.9%
2015
14.3%
2019
Gross capital formation, % of GDP
30.8%
2024
27%
2024

GDP per capita map

GDP per capita

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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.