Gross Domestic Product Per Capita for Bosnia and Herzegovina
PCAGDPBAA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,957.37
Year-over-Year Change
90.83%
Date Range
1/1/1990 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per capita for Bosnia and Herzegovina measures the total economic output of the country divided by its population. This key economic indicator provides insights into the standard of living and productivity of the Bosnian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is a widely used metric that allows for international comparisons of economic development and living standards. It represents the average income per person and is a broad indicator of a country's economic health and potential for growth.
Methodology
The data is calculated by the World Bank by dividing Bosnia and Herzegovina's GDP by its total population.
Historical Context
Policymakers and analysts use GDP per capita to assess the overall economic performance and living conditions within Bosnia and Herzegovina.
Key Facts
- Bosnia and Herzegovina's GDP per capita was $6,258.24 in 2021.
- GDP per capita has grown by 42% in Bosnia and Herzegovina since 2010.
- The country ranks 102nd globally in terms of GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per capita for Bosnia and Herzegovina measures the total economic output of the country divided by its population, providing insights into the standard of living and productivity of the Bosnian economy.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used metric that allows for international comparisons of economic development and living standards, making it a valuable indicator for policymakers and analysts assessing the overall economic performance and living conditions within Bosnia and Herzegovina.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank by dividing Bosnia and Herzegovina's GDP by its total population.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use GDP per capita to assess the overall economic performance and living conditions within Bosnia and Herzegovina, informing decisions related to economic development, social welfare, and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in the most recent year's information being available.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Bosnia and Herzegovina (PCAGDPBAA646NWDB), retrieved from FRED.