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Bosnia and Herzegovina - General economic indicators

Indicators 1996 1997 1998 1999 2000 2001
GDP, USD bln 2.7 3.4 4.1 4.7 4.4 N/A
GDP per capita, USD 730 865 1,089 1,105 1.042 N/A
GDP, % change 86.0 40.0 13.0 9.0 5.9 6.0
Real GDP growth rate, % 69.0 30.0 18.0 15.0 10.0 N/A
Industrial production growth rate, % - - 35.0 1.6 2 10.6 1 3.8 N/A
Annual inflation rate, % - 10.8° 7.9° 6.5 1 1.0 2 2.0 1 8.0 2 1.7 1 6.0 2
Annual unemployment rate, % - 45.0 35.0 31.0 40.0 38.0
Average monthly net salary, USD 92 176 182 164 172 186
Current account balance, mln USD -748 -1060 -790 -971 -878 -700
Gross external debt stock, end of year, USD bln 3.7 4.2 3.4 3.2 2.6 2.8
Exchange rate of KM3for 1 USD, end of year - 1.7757 1.6800 1.9330 2.1064 2.2167
Source: Statistical Office of Bosnia and Herzegovina, EBRD, Federal Office of Statistics, Institute for Statistics RS, USAID
Notes:1 Federation only 2RS only 3KM = Convertible Mark (1 KM = 1 DEM)

Operational costs

Cost FBiH RS
Monthly salary, average, year 2001, KM 458 332
Nominal salary growth, year 2001, % 11 7.8
Corporate tax rate, 30 10
Personal income tax, year 2002, % 10
Sales Tax on Goods, year 2002, % 20 or 10, depending on type of goods 18 or 8, depending on type of goods
Sales Tax on Services, year 2002, % 10 8
Office rent, average, KM per sq m/month, year 2001 18-40 in Sarajevo 18-50 in Banja Luka
Price of land, year 2001 average Real estate prices vary significantly and are very location specific. Prices of industrial land within 20 km of an airport are around KM 100 per m² in Federation and much lower in Republika Srpska.
Water charges (industrial users) in, KM per m3, year 2002 2.5 in Sarajevo 0.41 in Banja Luka
Telephone installation charge, KM, year 2002 292
Telephone transfer charges, KM, year 2002 Peak: 0.08-0.23; Off peak: 0.04-0.12
International phone call from BiH per 1 min, KM, year 2002 Peak: 0.55-4.18; Off peak: 0.55-4.18
Electricity Prices per kWh (year 2002), KM
Electricity for industrial use, year 2002
Summer rates: 8.92-17.84
Winter rates: 13.38-20.76
Electicity for household use, year 2002
Summer rates: 4.05- 8.10
Winter rates: 6.08-12.16
Motor fuel (year 2002), KM
Gasoline A-95H unleaded, year 2002 1.46
Diesel fuel, year 2002 1.25
Natural gas, KM per m3, year 2002 0.51


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