3.18. GDP per Capita | The Good, The Bad and The Missing

3.18.

GDP per Capita

Gross domestic product (GDP) is a measure of the total value added from the production of goods and services in a country or region each year. GDP per capita is GDP divided by population. This data is adjusted by inflation but does not account for differences in living costs between countries.

Scale: Average annual economic output per person in US$. 

GDP per Capita
Direction of Change

STEADY AND SUSTAINED ECONOMIC GROWTH

GDP per capita in Bosnia and Herzegovina has followed a clear long-term upward trajectory since 1995. The line graph shows a substantial initial rise through the late 1990s and early 2000s, followed by continued, though more gradual, improvement across the subsequent decade. After 2010, growth remains consistent, with only minor short-term fluctuations, and the overall direction continues firmly upward. Even during periods of slower expansion, the broader trend does not reverse, reflecting the country’s gradual transition toward higher and more stable levels of economic output per person. By the most recent year, the index reached its highest level yet, marking the strongest point in the entire data series.

GDP per Capita
Global Rank

Compared with all geographic entities listed in the Index

1995 2024
$1,012.93 $6,698.04
#152 out of 194 #91 out of 185
Europe World
1995 2024 1995 2024
$16,055.95 $25,871.19 $7,048.27 $11,876.38

Note: Population-weighted averages for Europe and the world.

Regional Rank

Compared with six former Yugoslav countries and Albania

Country 1995 2024
Albania
Bosnia and Herzegovina
Croatia
Kosovo
Montenegro
North Macedonia
Serbia
Slovenia
1.558,96
1.012,93
7.304,45
///
///
2.876,07
3.012,49
13.278,74
5.726,02
6.698,04
17.770,87
5.869,82
8.552,58
6.700,64
8.575,54
26.045,89

Note: In 1995, Montenegro, Serbia, and Kosovo were part of the Federal Republic of Yugoslavia.

1995 (highest → lowest): Slovenia, Croatia, Serbia, North Macedonia, Albania, Bosnia and Herzegovina.

2024 (highest → lowest): Slovenia, Croatia, Serbia, Montenegro, North Macedonia, Bosnia and Herzegovina, Kosovo, Albania.

Conclusion

Over the long term, Bosnia and Herzegovina’s GDP per capita has risen steadily, placing the country on a clear upward trajectory unmatched at any earlier point.

Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2025) – with minor processing by Our World in Data.