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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $78.8B for Tanzania, ranking 111/197 and 82/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Bosnia and Herzegovina vs Tanzania GDP by year

Bosnia and Herzegovina
Tanzania
1x
Year GDP, current $
Bosnia Tanzania
2024 $29,613,572,023 $78,844,405,385
2023 $27,592,361,498 $79,030,935,627
2022 $24,534,663,636 $75,749,121,843
2021 $23,672,712,121 $70,655,628,148
2020 $20,226,038,370 $66,068,737,786
2019 $20,482,608,984 $61,026,731,926
2018 $20,484,058,033 $57,003,712,892
2017 $18,326,373,136 $53,274,884,533
2016 $17,116,926,554 $49,774,409,374
2015 $16,404,348,361 $47,413,919,817
2014 $18,558,734,107 $49,986,726,461
2013 $18,179,109,209 $45,648,857,242
2012 $17,226,735,996 $39,650,394,363
2011 $18,644,233,537 $34,657,140,096
2010 $17,176,315,804 $32,012,892,919
2009 $17,613,949,091 $29,400,573,554
2008 $19,112,796,623 $27,947,821,398
2007 $15,778,734,264 $21,860,434,823
2006 $12,864,841,906 $18,619,859,795
2005 $11,222,796,337 $18,395,383,647
2004 $10,156,541,221 $16,673,062,473
2003 $8,498,894,359 $15,211,487,709
2002 $6,728,220,983 $14,129,651,896
2001 $5,800,615,375 $13,563,990,022
2000 $5,567,772,769 $13,371,767,082
1999 $4,686,256,363 $12,704,334,196
1998 $4,116,774,301 $12,172,790,056
1997 $3,671,909,673 $11,158,197,942
1996 $2,786,045,322 $9,433,528,150
1995 $1,866,572,954 $7,631,431,840
1994 $1,255,802,469 $6,550,480,484
1993 $3,630,668,950 $6,182,872,708
1992 $4,735,044,707 $6,681,997,469
1991 $6,122,959,184 $7,197,768,159
1990 $7,753,478,261 $6,184,384,225
1989 - $6,418,799,007
1988 - $7,406,614,407
1987 - $7,824,193,222
1986 - $10,840,864,521
1985 - $15,328,295,175
1984 - $12,906,635,133
1983 - $14,049,883,809
1982 - $13,927,383,240
1981 - $13,161,540,378
1980 - $11,409,228,087
1979 - $9,804,637,491
1978 - $9,261,675,710
1977 - $7,732,598,995
1976 - $6,472,511,988
1975 - $5,729,917,840
1974 - $4,977,337,978
1973 - $4,144,104,535
1972 - $3,472,787,266
1971 - $3,050,673,517
1970 - $2,851,419,386
1969 - $5,142,066,811
1968 - $4,895,251,824
1967 - $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

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

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

GDP per capita in Bosnia and Herzegovina vs Tanzania by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $1,150 $4,221
2023 $8,663 $23,376 $1,186 $4,019
2022 $7,656 $21,651 $1,171 $3,800
2021 $7,295 $18,287 $1,125 $3,493
2020 $6,130 $16,370 $1,084 $3,291
2019 $6,122 $16,429 $1,031 $2,982
2018 $6,048 $14,859 $992 $2,728
2017 $5,345 $13,627 $957 $2,472
2016 $4,929 $12,899 $925 $2,435
2015 $4,662 $11,845 $911 $2,317
2014 $5,206 $11,168 $993 $2,221
2013 $5,035 $10,808 $935 $2,176
2012 $4,694 $10,121 $837 $2,083
2011 $4,983 $9,761 $753 $2,211
2010 $4,506 $9,086 $715 $2,069
2009 $4,540 $8,698 $674 $1,972
2008 $4,842 $8,587 $657 $1,908
2007 $3,931 $7,686 $528 $1,820
2006 $3,166 $6,869 $462 $1,707
2005 $2,740 $5,956 $469 $1,598
2004 $2,453 $5,407 $438 $1,482
2003 $2,034 $4,917 $410 $1,379
2002 $1,607 $4,665 $391 $1,302
2001 $1,388 $4,307 $385 $1,229
2000 $1,338 $4,148 $390 $1,164
1999 $1,135 $3,875 $382 $1,120
1998 $1,007 $3,524 $375 $1,082
1997 $914 $3,041 $353 $1,059
1996 $719 $2,269 $305 $1,026
1995 $502 $1,507 $251.2 $981
1994 $337 $1,269 $222.5 $958
1993 $930 $1,067 $218.2 $959
1992 $1,118 $982 $243.4 $955
1991 $1,373 $975 $268.8 $952
1990 $1,743 $1,043 $236.9 $925
1989 - - $252.3 -
1988 - - $299 -
1987 - - $326 -
1986 - - $466 -
1985 - - $681 -
1984 - - $593 -
1983 - - $667 -
1982 - - $683 -
1981 - - $665 -
1980 - - $595 -
1979 - - $527 -
1978 - - $515 -
1977 - - $446 -
1976 - - $387 -
1975 - - $355 -
1974 - - $320 -
1973 - - $276.1 -
1972 - - $239.8 -
1971 - - $218.4 -
1970 - - $211.3 -
1969 - - $394 -
1968 - - $388 -
1967 - - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

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

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Tanzania ranks 165th at $4,221.

Economic indicators

Bosnia Tanzania
Gross domestic product
$29.6B
2024
$78.8B
2024
GDP rank
111/197
2024
82/197
2024
GDP growth
2.97%
2023-2024
5.53%
2023-2024
GDP per capita
$9,359
2024
$1,150
2024
GDP per capita rank
87/197
2024
170/197
2024
GDP per capita, PPP
$25,043
2024
$4,221
2024
GDP per capita PPP rank
83/197
2024
165/197
2024
Government debt
$8.74B
2024
$39.3B
2024
Debt-to-GDP ratio
29.5%
2024
49.9%
2024
Government debt per person
$2,763
2024
$573
2024
Government debt per person rank
107/185
2024
160/185
2024
Average annual personal income after taxes
$8,501
2026
$2,309
2026
Market capitalization of domestic companies n/a
$7.32B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
25.1%
2011
33.1%
2018
Income share by poorest 10%
2.9%
2011
2.9%
2018
Government expenditure, % of GDP
43.3%
2024
19.1%
2024
Consumer prices inflation
1.7%
2023-2024
3.06%
2023-2024
Central bank interest rate n/a
6%
2024
Unemployment rate
10.7%
2024
2.43%
2024
Population
3116111
73145892

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Bosnia Tanzania
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 19.1% 49.9%
2023 41.7% 29% 19% 47.8%
2022 39.4% 31.2% 19.1% 44.9%
2021 40.6% 35.8% 18.4% 43.4%
2020 45.4% 37.2% 17.4% 41.3%
2019 39.9% 32.8% 17.3% 40.4%
2018 40.4% 34.5% 17.3% 42%
2017 40% 38.6% 16.4% 40.1%
2016 41.5% 44.9% 16.9% 39.8%
2015 42.7% 46.4% 17.2% 39.5%
2014 46.2% 47.1% 17.3% 36.4%
2013 44.5% 43.8% 18.8% 32.7%
2012 46.9% 43.6% 19.6% 30%
2011 46.4% 40.9% 19% 28.4%
2010 48.7% 42.2% 19.8% 27.6%
2009 49% 36.4% 19.6% 23.9%
2008 48.4% 30.3% 18.1% 21.6%
2007 45.2% 18.2% 17.8% 23.8%
2006 44.2% 20.6% 17.6% 17.4%
2005 44.5% 24.9% 18.3% 25.4%
2004 45.6% 25.5% 17% 44.5%
2003 47.3% 27.6% 15.4% 44.4%
2002 47.4% 31.1% 13.6% 47.4%
2001 50.2% 35.1% 12.4% 50.8%
2000 56.2% 34.6% 12.3% 55.4%
1999 57.5% 56% 12.8% 62.9%
1998 54.4% 54.4% 11.4% 62.2%
1997 - - 12.8% 73.4%
1996 - - 13.4% 89.6%
1995 - - 15.6% 111.1%
1994 - - 16.8% 126%
1993 - - 16.4% 129.2%
1992 - - 17.6% 117.6%
1991 - - 14.2% 106.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20).

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

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 49.9% in Tanzania, ranking 159/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Tanzania
1x
Year Deficit/surplus, % of GDP
Bosnia Tanzania
2024 -1.88% -3.03%
2023 -1.67% -3.67%
2022 0.15% -3.92%
2021 -0.18% -3.55%
2020 -4.5% -2.56%
2019 1.37% -2.06%
2018 1.63% -2.01%
2017 1.79% -1.14%
2016 0.34% -2.08%
2015 -0.19% -3.17%
2014 -2.87% -2.91%
2013 -1.28% -3.76%
2012 -2.68% -4%
2011 -2.73% -3.51%
2010 -4.06% -4.74%
2009 -5.34% -4.46%
2008 -3.82% -1.92%
2007 0.17% -1.44%
2006 2.08% -3.38%
2005 0.74% -3.28%
2004 -0.18% -2.43%
2003 -0.44% -1.77%
2002 -2.99% -0.73%
2001 -3.44% -0.41%
2000 -4.63% -0.73%
1999 -2.78% -1.14%
1998 -0.98% 0.13%
1997 - -0.03%
1996 - 1.57%
1995 - -2.12%
1994 - -3.74%
1993 - -2.02%
1992 - -4.96%
1991 - 0.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/tanzania | 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 Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Tanzania ran a deficit in 26 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 2.51% of GDP for Tanzania.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Tanzania
1x
Year Consumer prices inflation
Bosnia Tanzania
2024 1.7% 3.06%
2023 6.1% 3.8%
2022 14% 4.35%
2021 2% 3.69%
2020 -1.1% 3.29%
2019 0.6% 3.46%
2018 1.4% 3.49%
2017 0.8% 5.32%
2016 -1.6% 5.17%
2015 -1% 5.59%
2014 -0.9% 6.13%
2013 -0.1% 7.87%
2012 2.1% 16%
2011 4% 12.7%
2010 2.1% 6.2%
2009 -0.4% 12.1%
2008 7.4% 10.3%
2007 1.5% 7.03%
2006 6.1% 7.25%
2005 3.6% 5.03%
2004 0.3% 4.74%
2003 0.5% 5.3%
2002 0.3% 5.32%
2001 3.2% 5.15%
2000 5% 5.92%
1999 2.8% 7.89%
1998 -0.3% 12.8%
1997 5.7% 16.1%

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/tanzania | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 6.97% in Tanzania. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 3.06% in Tanzania.

Top exports between countries

Bosnia
Export category Export value
Textiles & consumer goods $42K
Machinery & equipment $13K
Raw materials & minerals $8K
Wood & paper products $1K
Tanzania
Export category Export value
Machinery & equipment $53K
Textiles & consumer goods $4K
Metals $1K

Balance of trade

Bosnia Tanzania
Current account balance
-$1.03B
2024
-$2.38B
2024
Current account balance ranking
123/190
2024
147/190
2024
Current account balance, % of GDP
-3.47%
2024
-3.02%
2024
Goods imports
$14.8B
2024
$14.2B
2024
Goods exports
$8.36B
2024
$9.12B
2024
Service imports
$1.27B
2024
$2.8B
2024
Service exports
$3.74B
2024
$6.85B
2024
Imports of goods and services, % of GDP
54.3%
2024
21.7%
2024
Exports of goods and services, % of GDP
40.9%
2024
19.8%
2024

Economic freedom indices

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

Bosnia Tanzania
Economic freedom 63.1 59
Economic freedom ranking 83/197 106/197
Property rights 46.9 45.2
Government integrity 36.8 40.9
Judicial effectiveness 36.1 29.6
Tax burden 93.9 80.4
Government spending 48.4 89.1
Fiscal health 96.2 75
Business freedom 65.1 48.1
Labor freedom 62.7 62.3
Monetary freedom 77.5 73.4
Trade freedom 69 58.8
Investment freedom 65 55
Financial freedom 60 50

Economic freedom comparison by year

Bosnia and Herzegovina
Tanzania
1x
Year Economic freedom index
Bosnia Tanzania
2026 63.1 59
2025 63.5 59.3
2024 62 59.1
2023 62.9 60
2022 63.4 59.5
2021 62.9 61.3
2020 62.6 61.7
2019 61.9 60.2
2018 61.4 59.9
2017 60.2 58.6
2016 58.6 58.5
2015 59 57.5
2014 58.4 57.8
2013 57.3 57.9
2012 57.3 57
2011 57.5 57
2010 56.2 58.3
2009 53.1 58.3
2008 53.9 56.5
2007 54.4 56.8
2006 55.6 58.5
2005 48.8 56.3
2004 44.7 60.1
2003 40.6 56.9
2002 37.4 58.3
2001 36.6 54.9
2000 45.1 56
1999 29.4 60
1998 29.4 59.6
1997 - 59.3
1996 - 57.5
1995 - 57.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Tanzania
Services, % of GDP
56.6%
2024
29.6%
2024
Industry, % of GDP
22.4%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
23.3%
2024
GNI, Atlas method
$27.8B
2024
$80.2B
2024
GNI per capita, PPP
$24,990
2024
$4,130
2024
Total reserves including gold
$9.42B
2024
$5.05B
2018
Total reserves ranking
79/177
2024
101/177
2018
Net foreign direct investment
-$885M
2024
-$1.72B
2024
Net inflows of foreign direct investment
$1B
2024
$1.72B
2024
Net outflows of foreign direct investment
$119M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
2.57%
2024
Poverty at national poverty lines
16.9%
2015
26.4%
2018
Gross capital formation, % of GDP
27.5%
2024
39.8%
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/tanzania | 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 (1991–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, 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 (1991–2000, retrieved 2026-02-20)
  6. TradeMap (2022–2024, 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.