Bosnia and Herzegovina enters 2026 with a moderately positive macroeconomic outlook. The latest available institutional estimates point to growth of 2.4% to 2.7% in 2025, while growth in 2026 is expected to strengthen further to around 3.1%, supported primarily by stronger real incomes, private consumption and investment. External demand remains a constraint, but domestic demand continues to provide the main source of resilience.
Inflation eased significantly in 2024, then accelerated again during 2025, particularly through food and utility costs. Looking ahead, the inflation environment is expected to stabilize gradually, with the Central Bank of Bosnia and Herzegovina’s December 2025 survey indicating 3.2% inflation in 2026 and 2.8% in 2027.
For investors, the key takeaway is that Bosnia and Herzegovina continues to offer a relatively stable monetary framework under the currency board arrangement, while domestic demand and gradual reform progress remain the main drivers of medium-term confidence.
Sources:
World Bank, Western Balkans Regular Economic Report No. 28 (Fall 2025); IMF, 2025 Article IV Consultation with Bosnia and Herzegovina;
Central Bank of Bosnia and Herzegovina, Inflation Expectations Survey (December 2025).
The World Bank (2024, 10/2025)
IMF (2024,2025),
Royal Institute of Chartered Surveyors (2024),
Centralna Banka BiH (20242025),
Agencija za statistiku BiH (2024)
| 2024. | 2025. | 2026. | 2027. | |
|---|---|---|---|---|
| Money value | 0 | 0 | 0 | 0 |
| Bank savings | 0 | 0 | 0 | 0 |
| Real Estate Investment value | 0 | 0 | 0 | 0 |
As is already known, the highest inflation was recorded in 2022. In accordance with official data and economic trends, it is predicted that in the coming period, inflation in BiH will have a slight decline on an annual basis.
Sources:
Centralna Banka BiH (2024) Godišnji Bilten, www.cbba.ba
Agencija za statistiku BiH (2024) Generalni indikatori, www.bhas.gov.ba
BiH has been recording a significant increase in the deficit in the turnover of goods and services for a number of years, and it is predicted that these parameters will not change significantly in the coming period.
Currency: EUR
Values: in .000
Sources:
Centralna Banka BiH (2024) Godišnji Bilten, www.cbba.ba
Agencija za statistiku BiH (2024) Generalni indikatori, www.bhas.gov.ba
The stagnation of the gross domestic product, gross investments and consumption of the population has been recorded for many years.
Currency: EUR
Values: in .000
Sources:
Centralna Banka BiH (2024) Godišnji Bilten, www.cbba.ba
Agencija za statistiku BiH (2024) Generalni indikatori, www.bhas.gov.ba
As a result of its analysis in February 2023, the Standard & Poor's agency confirmed Bosnia and Herzegovina's sovereign credit rating "B+ with stable outlook". In July 2022, the agency Moody's Investors Service confirmed Bosnia and Herzegovina's sovereign credit rating of "B3 with a stable outlook".
Sources:
Centralna Banka BiH (2024) Godišnji Bilten, www.cbba.ba
The price of construction works per m2 in 2022 was slightly lower compared to 2021. Nevertheless, in 2023, an increase in the construction price per m2 was recorded.
Currency: EUR
Sources:
Federalni zavod za statistiku (2024), https://fzs.ba/
Republički zavod za statistiku (2024), https://www.rzs.rs.ba/
Year after year, an increase in overnight stays / tourist arrivals is recorded in BiH. Thus, in 2023, a growth of almost 40% compared to 2022 was recorded.
Currency: EUR
Sources:
Agency for Statistics in BiH (2024)
We still have very low interest rates on deposits (savings) in Bosnia and Herzegovina.
Sources:
Central Bank of Bosnia and Herzegovina (2024)
Interest rates on loans have been fairly stable over the last period of time.
Sources:
Central Bank of Bosnia and Herzegovina (2024)
