Bosnia and Herzegovina Sees Economic Growth in Q1, Driven by Tourism and IT

The total economic activity of Bosnia and Herzegovina in the first quarter of this year increased by 2.7 percent compared to the same period in 2023, according to Muamer Halilbašić, Director of the Sarajevo Economic Institute.

Halilbašić attributes this growth to several key activities, particularly those related to tourism. The increasing number of tourists in BiH has led to an increase in economic activities in the segment of hotels and restaurants. Additionally, export-oriented information technologies and knowledge-based services have also contributed to this growth.

“It is positive for the Sarajevo Canton that these activities dominate the economic structure,” Halilbašić said. However, he also expressed concern over the decline in economic activity in mining, processing industry, and electricity generation.

A significant decrease of three to five times was recorded in the first six months of this year, compared to the same period in 2023, in these sectors.