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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $937B for Switzerland, ranking 111/197 and 20/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $351B (37.5% of GDP) in Switzerland.

Bosnia and Herzegovina vs Switzerland GDP by year

Bosnia and Herzegovina
Switzerland
1x
Year GDP, current $
Bosnia Switzerland
2024 $29,613,572,023 $936,564,198,049
2023 $27,592,361,498 $894,424,821,645
2022 $24,534,663,636 $828,508,926,958
2021 $23,672,712,121 $815,309,330,987
2020 $20,226,038,370 $741,999,406,006
2019 $20,482,608,984 $721,369,112,727
2018 $20,484,058,033 $725,568,717,468
2017 $18,326,373,136 $695,200,833,086
2016 $17,116,926,554 $687,895,460,903
2015 $16,404,348,361 $694,118,186,380
2014 $18,558,734,107 $726,537,808,338
2013 $18,179,109,209 $706,234,937,371
2012 $17,226,735,996 $686,420,221,558
2011 $18,644,233,537 $715,888,126,682
2010 $17,176,315,804 $598,851,028,907
2009 $17,613,949,091 $554,212,916,092
2008 $19,112,796,623 $567,267,767,519
2007 $15,778,734,264 $490,740,715,595
2006 $12,864,841,906 $441,634,672,197
2005 $11,222,796,337 $418,284,865,885
2004 $10,156,541,221 $403,912,891,033
2003 $8,498,894,359 $362,075,086,508
2002 $6,728,220,983 $309,301,422,430
2001 $5,800,615,375 $286,582,672,434
2000 $5,567,772,769 $279,216,033,870
1999 $4,686,256,363 $297,873,643,323
1998 $4,116,774,301 $303,459,014,347
1997 $3,671,909,673 $294,788,198,856
1996 $2,786,045,322 $340,103,959,547
1995 $1,866,572,954 $352,835,806,342
1994 $1,255,802,469 $301,375,055,202
1993 $3,630,668,950 $272,237,527,071
1992 $4,735,044,707 $279,921,425,828
1991 $6,122,959,184 $268,901,693,863
1990 $7,753,478,261 $265,763,573,999
1989 - $208,105,846,934
1988 - $215,540,625,299
1987 - $199,236,370,038
1986 - $159,089,921,063
1985 - $110,980,314,192
1984 - $109,455,312,168
1983 - $114,634,358,535
1982 - $115,043,365,512
1981 - $112,244,805,519
1980 - $122,557,843,886
1979 - $114,970,094,425
1978 - $102,280,472,036
1977 - $73,135,771,167
1976 - $68,476,524,644
1975 - $65,466,081,819
1974 - $57,103,011,446
1973 - $49,550,006,320
1972 - $36,844,318,854
1971 - $30,040,171,751
1970 - $24,998,066,773
1969 - $22,442,043,274
1968 - $20,712,102,794
1967 - $19,397,044,714
1966 - $18,019,402,374
1965 - $16,780,226,225
1964 - $15,833,133,858
1963 - $14,283,872,299
1962 - $12,989,649,694
1961 - $11,713,348,834
1960 - $10,412,232,621

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bosnia and Herzegovina vs Switzerland by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Switzerland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Switzerland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $103,998 $96,498
2023 $8,663 $23,376 $100,624 $95,142
2022 $7,656 $21,651 $94,395 $94,421
2021 $7,295 $18,287 $93,665 $81,001
2020 $6,130 $16,370 $85,898 $72,998
2019 $6,122 $16,429 $84,122 $73,732
2018 $6,048 $14,859 $85,217 $70,689
2017 $5,345 $13,627 $82,254 $68,194
2016 $4,929 $12,899 $82,153 $67,351
2015 $4,662 $11,845 $83,806 $65,265
2014 $5,206 $11,168 $88,725 $63,417
2013 $5,035 $10,808 $87,304 $61,656
2012 $4,694 $10,121 $85,836 $59,441
2011 $4,983 $9,761 $90,477 $57,494
2010 $4,506 $9,086 $76,531 $54,426
2009 $4,540 $8,698 $71,568 $52,999
2008 $4,842 $8,587 $74,175 $53,809
2007 $3,931 $7,686 $64,989 $50,928
2006 $3,166 $6,869 $59,011 $46,266
2005 $2,740 $5,956 $56,243 $41,525
2004 $2,453 $5,407 $54,659 $40,171
2003 $2,034 $4,917 $49,336 $38,732
2002 $1,607 $4,665 $42,459 $38,705
2001 $1,388 $4,307 $39,639 $37,819
2000 $1,338 $4,148 $38,865 $36,703
1999 $1,135 $3,875 $41,696 $34,743
1998 $1,007 $3,524 $42,681 $33,860
1997 $914 $3,041 $41,584 $32,736
1996 $719 $2,269 $48,093 $31,509
1995 $502 $1,507 $50,114 $30,842
1994 $337 $1,269 $43,092 $30,265
1993 $930 $1,067 $39,237 $29,495
1992 $1,118 $982 $40,714 $29,113
1991 $1,373 $975 $39,544 $28,792
1990 $1,743 $1,043 $39,575 $28,461
1989 - - $31,309 -
1988 - - $32,690 -
1987 - - $30,441 -
1986 - - $24,460 -
1985 - - $17,152 -
1984 - - $16,991 -
1983 - - $17,859 -
1982 - - $18,000 -
1981 - - $17,665 -
1980 - - $19,394 -
1979 - - $18,266 -
1978 - - $16,282 -
1977 - - $11,644 -
1976 - - $10,865 -
1975 - - $10,328 -
1974 - - $9,005 -
1973 - - $7,856 -
1972 - - $5,885 -
1971 - - $4,835 -
1970 - - $4,044 -
1969 - - $3,657 -
1968 - - $3,413 -
1967 - - $3,237 -
1966 - - $3,045 -
1965 - - $2,865 -
1964 - - $2,735 -
1963 - - $2,508 -
1962 - - $2,330 -
1961 - - $2,155 -
1960 - - $1,954 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $103,998 in Switzerland, ranking 5/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Switzerland ranks 8th at $96,498.

Economic indicators

Bosnia Switzerland
Gross domestic product
$29.6B
2024
$937B
2024
GDP rank
111/197
2024
20/197
2024
GDP growth
2.97%
2023-2024
1.3%
2023-2024
GDP per capita
$9,359
2024
$103,998
2024
GDP per capita rank
87/197
2024
5/197
2024
GDP per capita, PPP
$25,043
2024
$96,498
2024
GDP per capita PPP rank
83/197
2024
8/197
2024
Government debt
$8.74B
2024
$351B
2024
Debt-to-GDP ratio
29.5%
2024
37.5%
2024
Government debt per person
$2,763
2024
$39,021
2024
Government debt per person rank
107/185
2024
15/185
2024
Average annual personal income after taxes
$8,501
2026
$85,867
2026
Market capitalization of domestic companies n/a
$1.97T
2024
Number of millionaires n/a
1,119,000
2025
Number of billionaires n/a
42
2025
Income share by richest 10%
25.1%
2011
26.6%
2022
Income share by poorest 10%
2.9%
2011
2.9%
2022
Government expenditure, % of GDP
43.3%
2024
31.9%
2024
Consumer prices inflation
1.7%
2023-2024
1.06%
2023-2024
Central bank interest rate n/a
0%
2025
Unemployment rate
10.7%
2024
4.34%
2024
Population
3116111
9107866

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Switzerland
Spending

Debt
1x
Year % of GDP
Bosnia Switzerland
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 31.9% 37.5%
2023 41.7% 29% 32.1% 38.7%
2022 39.4% 31.2% 31.6% 37.2%
2021 40.6% 35.8% 34.4% 41%
2020 45.4% 37.2% 37% 43.2%
2019 39.9% 32.8% 32% 39.6%
2018 40.4% 34.5% 31.7% 39.8%
2017 40% 38.6% 32.4% 41.8%
2016 41.5% 44.9% 32.4% 40.9%
2015 42.7% 46.4% 32.5% 42.2%
2014 46.2% 47.1% 32.2% 42.1%
2013 44.5% 43.8% 32.5% 41.9%
2012 46.9% 43.6% 31.7% 42.6%
2011 46.4% 40.9% 31.4% 41.9%
2010 48.7% 42.2% 31.4% 41.5%
2009 49% 36.4% 31.8% 43.1%
2008 48.4% 30.3% 30% 44.8%
2007 45.2% 18.2% 29.4% 44.8%
2006 44.2% 20.6% 30.5% 48.5%
2005 44.5% 24.9% 32.4% 54.9%
2004 45.6% 25.5% 33.1% 57.8%
2003 47.3% 27.6% 33.2% 56.9%
2002 47.4% 31.1% 34.1% 57.7%
2001 50.2% 35.1% 31.6% 51.1%
2000 56.2% 34.6% 32.2% 52.2%
1999 57.5% 56% 33.2% 52.7%
1998 54.4% 54.4% 32.7% 55.9%
1997 - - 32.9% 53.7%
1996 - - 33% 51.3%
1995 - - 32.4% 50%
1994 - - 32.5% 47.1%
1993 - - 32.5% 44.4%
1992 - - 31.3% 39.5%
1991 - - 29.5% 35.1%
1990 - - 27.6% 33.3%
1989 - - 30% 32.5%
1988 - - 30.3% 35%
1987 - - 29.8% 36.5%
1986 - - 29.8% 37.6%
1985 - - 30.1% 39.1%
1984 - - 30.4% 39.8%
1983 - - 31.2% 40.2%
1982 - - 30.5% 40%
1981 - - 29.4% 40.8%
1980 - - 29.9% 43.9%
1979 - - 30.5% 44.6%
1978 - - 30.4% 46.6%
1977 - - 31% 46.9%
1976 - - 31.6% 46.7%
1975 - - 29.3% 42.3%
1974 - - 27.5% 38.4%
1973 - - 26.5% 37%
1972 - - 25.7% 38%
1971 - - 25.4% 38.7%
1970 - - 25.8% 38.9%
1969 - - 9.45% 7.08%
1968 - - 8.87% 6.99%
1967 - - 8.68% 7.26%
1966 - - 8.95% 7.62%
1965 - - 8.33% 8.28%
1964 - - 8.85% 9.43%
1963 - - 8.2% 10.8%
1962 - - 8.1% 12%
1961 - - 7.97% 14%
1960 - - 7.11% 16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Switzerland spent $299B, or 31.9% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 37.5% in Switzerland, ranking 159/185 and 141/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Switzerland
1x
Year Deficit/surplus, % of GDP
Bosnia Switzerland
2024 -1.88% 0.58%
2023 -1.67% 0.12%
2022 0.15% 1.19%
2021 -0.18% -0.29%
2020 -4.5% -3.01%
2019 1.37% 1.34%
2018 1.63% 1.29%
2017 1.79% 1.13%
2016 0.34% 0.24%
2015 -0.19% 0.55%
2014 -2.87% -0.25%
2013 -1.28% -0.43%
2012 -2.68% 0.24%
2011 -2.73% 0.68%
2010 -4.06% 0.35%
2009 -5.34% 0.5%
2008 -3.82% 1.93%
2007 0.17% 1.57%
2006 2.08% 0.85%
2005 0.74% -0.65%
2004 -0.18% -1.39%
2003 -0.44% -1.36%
2002 -2.99% -1.75%
2001 -3.44% 0.21%
2000 -4.63% 0.28%
1999 -2.78% -1.57%
1998 -0.98% -1.31%
1997 - -2.33%
1996 - -2.01%
1995 - -1.86%
1994 - -2.59%
1993 - -3.15%
1992 - -2.96%
1991 - -1.85%
1990 - -0.05%
1989 - 0.2%
1988 - 0.42%
1987 - 0.78%
1986 - 0.93%
1985 - -0.25%
1984 - -0.52%
1983 - -1.23%
1982 - -1.21%
1981 - -0.54%
1980 - -1.34%
1979 - -1.79%
1978 - -1.12%
1977 - -1.64%
1976 - -1.89%
1975 - -0.93%
1974 - -1.01%
1973 - -0.93%
1972 - -1.39%
1971 - -1.41%
1970 - -1.44%
1969 - -0.98%
1968 - -0.73%
1967 - -1.07%
1966 - -0.87%
1965 - 0.05%
1964 - 0.77%
1963 - 0.25%
1962 - 0.95%
1961 - 0.34%
1960 - 1.95%
1959 - 0.72%
1958 - 0.59%
1957 - 0.66%
1956 - 2.24%
1955 - 1.1%
1954 - 1.44%
1953 - 0.38%
1952 - -1.17%
1951 - -0.36%
1950 - 1.49%
1949 - 0.04%
1948 - 1.37%
1947 - 1.27%
1946 - 0.52%
1945 - -7.57%
1944 - -9.37%
1943 - -8.55%
1942 - -7.28%
1941 - -8.78%
1940 - -10%
1939 - -5.05%
1938 - -1.53%
1937 - -0.17%
1936 - -0.33%
1935 - -0.23%
1934 - -0.33%
1933 - -0.88%
1932 - -0.3%
1931 - 0.03%
1930 - 0.07%
1929 - 0.22%
1928 - -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.12%
1912 - 0.03%
1911 - -0.006%
1910 - -0.14%
1909 - -0.78%
1908 - -0.1%
1907 - -0.02%
1906 - 0.15%
1905 - 0.41%
1904 - 0.002%
1903 - 0.09%
1902 - 0.02%
1901 - -0.14%
1900 - -0.07%
1899 - 0.1%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/switzerland | 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 Switzerland's surplus of $5.4B, or 0.58% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Switzerland ran a deficit in 10 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to surplus of 0.04% of GDP for Switzerland.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Switzerland
1x
Year Consumer prices inflation
Bosnia Switzerland
2024 1.7% 1.06%
2023 6.1% 2.14%
2022 14% 2.84%
2021 2% 0.58%
2020 -1.1% -0.73%
2019 0.6% 0.36%
2018 1.4% 0.94%
2017 0.8% 0.53%
2016 -1.6% -0.43%
2015 -1% -1.14%
2014 -0.9% -0.01%
2013 -0.1% -0.22%
2012 2.1% -0.69%
2011 4% 0.23%
2010 2.1% 0.69%
2009 -0.4% -0.48%
2008 7.4% 2.43%
2007 1.5% 0.73%
2006 6.1% 1.06%
2005 3.6% 1.17%
2004 0.3% 0.8%
2003 0.5% 0.64%
2002 0.3% 0.64%
2001 3.2% 0.99%
2000 5% 1.56%
1999 2.8% 0.81%
1998 -0.3% 0.02%
1997 5.7% 0.52%

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/switzerland | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 0.61% in Switzerland. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 1.06% in Switzerland.

Top exports between countries

Bosnia
Export category Export value
Textiles & consumer goods $48.5M
Transport & tourism services $38.2M
Metals $34.5M
Machinery & equipment $25.7M
IT & IP services $16.8M
Chemicals & pharma $8.63M
Wood & paper products $8.59M
Raw agricultural goods $4.37M
Weapons & explosives $3.37M
Processed food, beverages & tobacco $2.2M
Switzerland
Export category Export value
Chemicals & pharma $106M
Machinery & equipment $72.4M
Metals $8.99M
Textiles & consumer goods $7.94M
Precious metals & jewellery $1.48M
Wood & paper products $563K
Raw materials & minerals $371K
Animal & marine products $270K
Miscellaneous $157K
Raw agricultural goods $68K

Balance of trade

Bosnia Switzerland
Current account balance
-$1.03B
2024
$72B
2024
Current account balance ranking
123/190
2024
10/190
2024
Current account balance, % of GDP
-3.47%
2024
+7.69%
2024
Goods imports
$14.8B
2024
$371B
2024
Goods exports
$8.36B
2024
$502B
2024
Service imports
$1.27B
2024
$203B
2024
Service exports
$3.74B
2024
$186B
2024
Imports of goods and services, % of GDP
54.3%
2024
61.9%
2024
Exports of goods and services, % of GDP
40.9%
2024
72.2%
2024

Economic freedom indices

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

Bosnia Switzerland
Economic freedom 63.1 83.7
Economic freedom ranking 83/197 2/197
Property rights 46.9 94.4
Government integrity 36.8 93.3
Judicial effectiveness 36.1 98.3
Tax burden 93.9 70.9
Government spending 48.4 69.5
Fiscal health 96.2 97.2
Business freedom 65.1 86.3
Labor freedom 62.7 60
Monetary freedom 77.5 82.3
Trade freedom 69 87
Investment freedom 65 85
Financial freedom 60 80

Economic freedom comparison by year

Bosnia and Herzegovina
Switzerland
1x
Year Economic freedom index
Bosnia Switzerland
2026 63.1 83.7
2025 63.5 83.7
2024 62 83
2023 62.9 83.8
2022 63.4 84.2
2021 62.9 81.9
2020 62.6 82
2019 61.9 81.9
2018 61.4 81.7
2017 60.2 81.5
2016 58.6 81
2015 59 80.5
2014 58.4 81.6
2013 57.3 81
2012 57.3 81.1
2011 57.5 81.9
2010 56.2 81.1
2009 53.1 79.4
2008 53.9 79.5
2007 54.4 78
2006 55.6 78.9
2005 48.8 79.3
2004 44.7 79.5
2003 40.6 79
2002 37.4 79.3
2001 36.6 76
2000 45.1 76.8
1999 29.4 79.1
1998 29.4 79
1997 - 78.6
1996 - 76.8

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 83.7 for Switzerland, ranking 2/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Switzerland
Services, % of GDP
56.6%
2024
72%
2024
Industry, % of GDP
22.4%
2024
24.7%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
0.63%
2024
GNI, Atlas method
$27.8B
2024
$857B
2024
GNI per capita, PPP
$24,990
2024
$93,420
2024
Total reserves including gold
$9.42B
2024
$909B
2024
Total reserves ranking
79/177
2024
4/177
2024
Net foreign direct investment
-$885M
2024
$59.7B
2024
Net inflows of foreign direct investment
$1B
2024
-$108B
2024
Net outflows of foreign direct investment
$119M
2024
-$27.9B
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
n/a
Poverty at national poverty lines
16.9%
2015
15.8%
2021
Gross capital formation, % of GDP
27.5%
2024
27%
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/switzerland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, 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 (1899–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, 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.