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

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $115B for Uzbekistan, ranking 111/197 and 66/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Bosnia and Herzegovina vs Uzbekistan GDP by year

Bosnia and Herzegovina
Uzbekistan
1x
Year GDP, current $
Bosnia Uzbekistan
2024 $29,613,572,023 $114,965,293,467
2023 $27,592,361,498 $102,641,879,249
2022 $24,534,663,636 $90,095,926,567
2021 $23,672,712,121 $77,340,060,003
2020 $20,226,038,370 $66,443,265,418
2019 $20,482,608,984 $67,293,639,798
2018 $20,484,058,033 $58,695,899,092
2017 $18,326,373,136 $69,703,222,283
2016 $17,116,926,554 $86,138,288,644
2015 $16,404,348,361 $86,196,264,755
2014 $18,558,734,107 $80,845,385,809
2013 $18,179,109,209 $73,180,037,915
2012 $17,226,735,996 $67,517,349,212
2011 $18,644,233,537 $60,178,909,297
2010 $17,176,315,804 $49,765,676,402
2009 $17,613,949,091 $33,689,223,673
2008 $19,112,796,623 $29,549,438,884
2007 $15,778,734,264 $22,311,393,928
2006 $12,864,841,906 $17,330,833,853
2005 $11,222,796,337 $14,307,509,839
2004 $10,156,541,221 $12,030,023,548
2003 $8,498,894,359 $10,134,453,435
2002 $6,728,220,983 $9,687,788,513
2001 $5,800,615,375 $11,401,421,329
2000 $5,567,772,769 $13,760,513,969
1999 $4,686,256,363 $17,078,465,982
1998 $4,116,774,301 $14,988,971,211
1997 $3,671,909,673 $14,744,603,774
1996 $2,786,045,322 $13,948,892,216
1995 $1,866,572,954 $13,350,461,265
1994 $1,255,802,469 $12,899,074,922
1993 $3,630,668,950 $13,099,920,056
1992 $4,735,044,707 $12,953,801,760
1991 $6,122,959,184 $13,800,167,712
1990 $7,753,478,261 $13,362,340,338
1989 - $11,948,815,258
1988 - $10,722,799,639
1987 - $8,523,160,593

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

GDP per capita in Bosnia and Herzegovina vs Uzbekistan by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $3,162 $11,879
2023 $8,663 $23,376 $2,879 $11,107
2022 $7,656 $21,651 $2,579 $10,293
2021 $7,295 $18,287 $2,259 $9,248
2020 $6,130 $16,370 $1,978 $8,452
2019 $6,122 $16,429 $2,041 $8,544
2018 $6,048 $14,859 $1,813 $8,129
2017 $5,345 $13,627 $2,191 $7,818
2016 $4,929 $12,899 $2,753 $6,919
2015 $4,662 $11,845 $2,803 $6,800
2014 $5,206 $11,168 $2,675 $6,610
2013 $5,035 $10,808 $2,462 $6,413
2012 $4,694 $10,121 $2,307 $6,168
2011 $4,983 $9,761 $2,088 $5,949
2010 $4,506 $9,086 $1,753 $5,505
2009 $4,540 $8,698 $1,206 $5,135
2008 $4,842 $8,587 $1,075 $4,800
2007 $3,931 $7,686 $824 $4,386
2006 $3,166 $6,869 $649 $3,956
2005 $2,740 $5,956 $543 $3,618
2004 $2,453 $5,407 $462 $3,321
2003 $2,034 $4,917 $394 $3,047
2002 $1,607 $4,665 $381 $2,902
2001 $1,388 $4,307 $454 $2,782
2000 $1,338 $4,148 $555 $2,644
1999 $1,135 $3,875 $698 $2,522
1998 $1,007 $3,524 $621 $2,418
1997 $914 $3,041 $621 $2,329
1996 $719 $2,269 $597 $2,214
1995 $502 $1,507 $583 $2,178
1994 $337 $1,269 $574 $2,197
1993 $930 $1,067 $596 $2,318
1992 $1,118 $982 $603 $2,371
1991 $1,373 $975 $658 $2,676
1990 $1,743 $1,043 $653 $2,665
1989 - - $598 -
1988 - - $551 -
1987 - - $450 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Bosnia Uzbekistan
Gross domestic product
$29.6B
2024
$115B
2024
GDP rank
111/197
2024
66/197
2024
GDP growth
2.97%
2023-2024
6.5%
2023-2024
GDP per capita
$9,359
2024
$3,162
2024
GDP per capita rank
87/197
2024
139/197
2024
GDP per capita, PPP
$25,043
2024
$11,879
2024
GDP per capita PPP rank
83/197
2024
125/197
2024
Government debt
$8.74B
2024
$37.5B
2024
Debt-to-GDP ratio
29.5%
2024
32.7%
2024
Government debt per person
$2,763
2024
$1,032
2024
Government debt per person rank
107/185
2024
141/185
2024
Average annual personal income after taxes
$8,501
2026
$3,658
2026
Market capitalization of domestic companies n/a
$18.8B
2024
Income share by richest 10%
25.1%
2011
25.7%
2024
Income share by poorest 10%
2.9%
2011
2.3%
2024
Government expenditure, % of GDP
43.3%
2024
27.6%
2024
Consumer prices inflation
1.7%
2023-2024
9.6%
2023-2024
Central bank interest rate n/a
14%
2025
Unemployment rate
10.7%
2024
5.29%
2020
Population
3116111
37939105

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Bosnia Uzbekistan
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 27.6% 32.7%
2023 41.7% 29% 29.9% 32.2%
2022 39.4% 31.2% 31.3% 30.5%
2021 40.6% 35.8% 27.4% 31.7%
2020 45.4% 37.2% 26% 33.7%
2019 39.9% 32.8% 24.4% 25.4%
2018 40.4% 34.5% 22.2% 17.5%
2017 40% 38.6% 19.9% 17.3%
2016 41.5% 44.9% 23.3% 8.19%
2015 42.7% 46.4% 24.6% 6.72%
2014 46.2% 47.1% 24.9% 6.09%
2013 44.5% 43.8% 25.2% 6.23%
2012 46.9% 43.6% 23.9% 6.76%
2011 46.4% 40.9% 23.7% 6.33%
2010 48.7% 42.2% 26.4% 6.61%
2009 49% 36.4% 27.5% 7.3%
2008 48.4% 30.3% 26.5% 8.33%
2007 45.2% 18.2% 24.8% 9.56%
2006 44.2% 20.6% 24.7% 13.5%
2005 44.5% 24.9% 28.1% 21%
2004 45.6% 25.5% 29.4% 26.9%
2003 47.3% 27.6% 31.5% 31.4%
2002 47.4% 31.1% 34.6% 41.6%
2001 50.2% 35.1% 30.6% 44.8%
2000 56.2% 34.6% 32.9% 29.5%
1999 57.5% 56% 33.6% 18.4%
1998 54.4% 54.4% 35.1% 18%
1997 - - 31.8% 15.3%
1996 - - 35.1% -
1995 - - 29.4% -
1994 - - 27.1% -
1993 - - 39.6% -
1992 - - 18% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

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

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 32.7% in Uzbekistan, ranking 159/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Bosnia Uzbekistan
2024 -1.88% -2.37%
2023 -1.67% -4.03%
2022 0.15% -3.65%
2021 -0.18% -4.1%
2020 -4.5% -2.95%
2019 1.37% -0.3%
2018 1.63% 1.64%
2017 1.79% 1.04%
2016 0.34% 0.7%
2015 -0.19% -0.28%
2014 -2.87% 1.9%
2013 -1.28% 2.15%
2012 -2.68% 5.89%
2011 -2.73% 5.11%
2010 -4.06% 2.56%
2009 -5.34% 1.82%
2008 -3.82% 5.97%
2007 0.17% 3.55%
2006 2.08% 2.72%
2005 0.74% -3.52%
2004 -0.18% -3.74%
2003 -0.44% -4.87%
2002 -2.99% -6.31%
2001 -3.44% -3.28%
2000 -4.63% -3.66%
1999 -2.78% -2.91%
1998 -0.98% -3.04%
1997 - -2.05%
1996 - -1.57%
1995 - -1.77%
1994 - -4.47%
1993 - -12%
1992 - 7.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/uzbekistan | 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 Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Uzbekistan ran a deficit in 15 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 0.52% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Uzbekistan
1x
Year Consumer prices inflation
Bosnia Uzbekistan
2024 1.7% 9.6%
2023 6.1% 10%
2022 14% 11.4%
2021 2% 10.8%
2020 -1.1% 12.9%
2019 0.6% 14.5%
2018 1.4% 17.5%
2017 0.8% 13.9%
2016 -1.6% 8.8%
2015 -1% 8.5%
2014 -0.9% 9.1%
2013 -0.1% 11.7%
2012 2.1% 11.9%
2011 4% 12.4%
2010 2.1% 12.3%
2009 -0.4% 12.3%
2008 7.4% 13.1%
2007 1.5% 11.2%
2006 6.1% 13.1%
2005 3.6% 10.7%
2004 0.3% 7.3%
2003 0.5% 12.5%
2002 0.3% 27.3%
2001 3.2% 27.3%
2000 5% 25%
1999 2.8% 29.1%
1998 -0.3% 29%
1997 5.7% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 16.6% in Uzbekistan. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 9.6% in Uzbekistan.

Top exports between countries

Bosnia
Export category Export value
Raw materials & minerals $158K
Machinery & equipment $39K
Processed food, beverages & tobacco $21K
Metals $7K
Textiles & consumer goods $1K
Uzbekistan
Export category Export value
Textiles & consumer goods $1.16M
Chemicals & pharma $114K
Machinery & equipment $51K
Raw agricultural goods $49K
Wood & paper products $44K
Processed food, beverages & tobacco $7K
Metals $4K

Balance of trade

Bosnia Uzbekistan
Current account balance
-$1.03B
2024
-$5.71B
2024
Current account balance ranking
123/190
2024
169/190
2024
Current account balance, % of GDP
-3.47%
2024
-4.97%
2024
Goods imports
$14.8B
2024
$33.2B
2024
Goods exports
$8.36B
2024
$19.6B
2024
Service imports
$1.27B
2024
$10.5B
2024
Service exports
$3.74B
2024
$6.55B
2024
Imports of goods and services, % of GDP
54.3%
2024
38%
2024
Exports of goods and services, % of GDP
40.9%
2024
22.8%
2024

Economic freedom indices

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

Bosnia Uzbekistan
Economic freedom 63.1 60.3
Economic freedom ranking 83/197 94/197
Property rights 46.9 43.1
Government integrity 36.8 32
Judicial effectiveness 36.1 13.7
Tax burden 93.9 95
Government spending 48.4 73.7
Fiscal health 96.2 79.9
Business freedom 65.1 62.5
Labor freedom 62.7 48.4
Monetary freedom 77.5 65.1
Trade freedom 69 80.6
Investment freedom 65 70
Financial freedom 60 60

Economic freedom comparison by year

Bosnia and Herzegovina
Uzbekistan
1x
Year Economic freedom index
Bosnia Uzbekistan
2026 63.1 60.3
2025 63.5 58
2024 62 55.9
2023 62.9 56.5
2022 63.4 55.7
2021 62.9 58.3
2020 62.6 57.2
2019 61.9 53.3
2018 61.4 51.5
2017 60.2 52.3
2016 58.6 46
2015 59 47
2014 58.4 46.5
2013 57.3 46
2012 57.3 45.8
2011 57.5 45.8
2010 56.2 47.5
2009 53.1 50.5
2008 53.9 51.9
2007 54.4 51.5
2006 55.6 48.7
2005 48.8 45.8
2004 44.7 39.1
2003 40.6 38.3
2002 37.4 38.5
2001 36.6 38.2
2000 45.1 38.1
1999 29.4 33.8
1998 29.4 31.5

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

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

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Uzbekistan
Services, % of GDP
56.6%
2024
45.2%
2024
Industry, % of GDP
22.4%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
18.3%
2024
GNI, Atlas method
$27.8B
2024
$110B
2024
GNI per capita, PPP
$24,990
2024
$12,000
2024
Total reserves including gold
$9.42B
2024
$41.2B
2024
Total reserves ranking
79/177
2024
50/177
2024
Net foreign direct investment
-$885M
2024
-$2.81B
2024
Net inflows of foreign direct investment
$1B
2024
$2.99B
2024
Net outflows of foreign direct investment
$119M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
9.88%
2024
Poverty at national poverty lines
16.9%
2015
8.9%
2024
Gross capital formation, % of GDP
27.5%
2024
33.3%
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/uzbekistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, 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. TradeMap (2023–2024, retrieved 2026-02-08)
  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.