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Bosnia-Herzegovina Business Report

General information
Source: The World Factbook - Central Intelligence Agency
3,849,891 (July 2018 est.)
$44.83 billion (2017 est.)

The economy relies heavily on the export of metals, energy, textiles, and furniture as well as on remittances and foreign aid.

GDP growth rate
3% (2017 est.)

Low but steady

GDP (PPP) per capita
$12,800 (2017 est.)

Among the lowest in Europe

Local currency
Bosnia and Herzegovina convertible mark (BAM)

Pegged to the Euro

Financial stability (Public debt)
39.5% of GDP (2017 est.)

Medium but decreasing

1.2% (2017 est.)


Bosnian (official) 52.9%, Serbian (official) 30.8%, Croatian (official) 14.6%

English is understood in the main urban areas

Corruption perception index (Source: Transparency International)

High level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
The VAT regime applies equally throughout the country of Bosnia and Herzegovina; there is no reduced VAT rate though exemptions apply (real estate, insurance, financial services, education)
Corporate Tax
Taxes are levied by regional governments (three in total). Rules have been partially harmonised in the past few years, but significant differences remain.
The customs policy law and the rates of customs tariffs to be applied exist and are largely based on European Union (EU) standards. Bosnia and Herzegovina has signed the Stabilisation and Association Agreement (SAA) and the Central European Free Trade Agreement (CEFTA).

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We have a strong position in Europe B2B and Europe trade. If you are interested in doing business in Bosnia-Herzegovina, or in finding Bosnian manufacturing companies, we can help you.

Hundreds of companies in Bosnia and Herzegovina and Bosnian SMEs use Globartis for their operations. Join our network today and find the right partner for your Bosnia-Herzegovina business. Connect with a Bosnian manufacturer or Bosnia-Herzegovina importer, or source among Bosnia and Herzegovina export to find the right product.

Join now and grow your business in Sarajevo, among the best cities for doing business in the Balkan Peninsula.