Real GDP at Constant National Prices for Bosnia and Herzegovina
RGDPNABAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,161.16
Year-over-Year Change
24.97%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Bosnia and Herzegovina, adjusted for inflation to show changes in production volume over time. It is a key indicator of the country's economic health and growth.
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
Real GDP at Constant National Prices is a widely used metric for assessing a nation's economic performance. It reflects the total value of all goods and services produced within Bosnia and Herzegovina, with the effects of price changes removed to focus on underlying production trends.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
Policymakers and analysts monitor this indicator to understand Bosnia and Herzegovina's economic trajectory and inform decisions.
Key Facts
- Bosnia and Herzegovina is an upper-middle income country in Southeastern Europe.
- Its real GDP grew by 3.1% in 2021 after contracting 3.1% in 2020 due to the COVID-19 pandemic.
- The service sector accounts for over 60% of Bosnia and Herzegovina's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Bosnia and Herzegovina, which reflects the total value of all goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of Bosnia and Herzegovina's economic health and growth, providing insight into the country's production and development over time. It is widely used by policymakers, economists, and investors to assess the nation's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information from Bosnia and Herzegovina.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor Bosnia and Herzegovina's real GDP to understand the country's economic trajectory and inform decisions related to fiscal, monetary, and development policies.
Q: Are there update delays or limitations?
A: The real GDP data is published annually with a lag, so there may be a delay in accessing the most recent information. Additionally, the data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Bosnia and Herzegovina (RGDPNABAA666NRUG), retrieved from FRED.