Here is your first Forum » Economy of Bosnia and Herzegovina

Bosnia and Herzegovina is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Bosnia and Herzegovina may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Bosnia and Herzegovina exports around $5.69 billion and imports roughly $10.3 billion. 25.6% of population in the country are unemployed. The total number of unemployed people in Bosnia and Herzegovina is 896,910. In Bosnia and Herzegovina, 17% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Bosnia and Herzegovina is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. The Gini Index of the country is 36.2. Bosnia and Herzegovina is experiencing good equality. The majority of citizens in Bosnia and Herzegovina fall within a narrow range of income, although some cases may show significant differences. Bosnia and Herzegovina has a Human Development Index (HDI) of 0.731. Bosnia and Herzegovina has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The Global Peace Index (GPI) for Bosnia and Herzegovina is 1.839. Due to strong law enforcement presence and high social responsibility, Bosnia and Herzegovina is very safe by international standards. The strength of legal rights index for Bosnia and Herzegovina is 7. Overall, it is considered to be rather adequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available.

Currency
The currency of Bosnia and Herzegovina is Bosnia and Herzegovina convertible mark. The plural form of the word Bosnia and Herzegovina convertible mark is convertible marks. The symbol used for this currency is Km., and it is abbreviated as BAM. The Bosnia and Herzegovina convertible mark is divided into Fening; there are 100 in one convertible mark.

Credit rating
The depth of credit information index for Bosnia and Herzegovina is 6, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Bosnia and Herzegovina has a credit rating score of B, and the prospects of this rating are negative. According to the Moody's credit-rating agency, Bosnia and Herzegovina has a credit rating score of B3, and the prospects of this rating are negative.

Central bank
The prime lending rate of Bosnia and Herzegovina's commercial banks is 6.8. In Bosnia and Herzegovina, the institution that manages the state's currency, money supply, and interest rates is called Central Bank of Bosnia and Herzegovina. Locally, the central bank of Bosnia and Herzegovina is called Centralna Banka Bosne i Hercegovine. The average deposit interest rate offered by local banks in Bosnia and Herzegovina is 2.7%.

Public debt
Bosnia and Herzegovina has a government debt of 30.8% of the country's Gross Domestic Product (GDP), as assessed in 2014.

Tax information
The corporate tax in Bosnia and Herzegovina is set at 10%. The maximum personal income tax is%.VAT in Bosnia and Herzegovina is 17%.