12/21/2023 0 Comments Download Machinery HDR Effects 3.1.4īosnia and Herzegovina is a small, open economy, dominated by services, which accounted for 55% of gross domestic product (GDP) in 2016, with a moderately developed industrial and manufacturing sector (23% and 12%, respectively), and a limited agricultural base (about 6% of GDP). Today, it is an EU potential candidate country and is now embarking on a new growth model amid a period of slow growth and the global financial crisis. The main trading partners are Germany, Italy, Austria, Turkey and other neighboring Balkan countries.īosnia and Herzegovina is an upper middle-income country which has accomplished a great deal since the mid-1990s. Bosnia and Herzegovina declared independence from socialist Yugoslavia on 1 March 1992. The economy of Bosnia and Herzegovina is a transitional, upper middle income economy. All values, unless otherwise stated, are in US dollars.
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