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Economic life of Bosnia and Hezergovina

Economic life of Bosnia and Hezergovina

The economy of bosnia and Herzegovina was slowed, due to destruction of war. The industry, what is left, reflecting the rigidity of the liberal market economy, after the war. This caused production to fall as the number of unemployment gets high also. With uneasy peace in place, output recovered in 1996-1999 at high percentage rates from a low base; but output growth slowed in 2000-2002. Part of the lag in output was made up in 2003-2005. National-level statistics are limited and do not capture the large share of the black market activity. Their tourism sector has been recovering and helping the economy altogether in the process, with popular winter skiing destinations as well as summer country side tourism. Bosnia also receives substantial reconstruction assistance and humanitarian aid from the international community.

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