limited and do not
capture the large share of black market activity. The konvertibilna
marka (convertible mark or BAM)- the national currency introduced in
1998 - is now pegged to the euro, and the Central Bank of Bosnia and
Herzegovina has dramatically increased its reserve holdings.
Implementation of privatization, however, has been slow, and local
entities only reluctantly support national-level institutions.
Banking reform accelerated in 2001 as all the Communist-era payments
bureaus were shut down. A sizeable current account deficit and high
unemployment rate remain the two most serious economic problems. The
country receives substantial amounts of reconstruction assistance
and humanitarian aid from the international community but will have
to prepare for an era of declining assistance.

GDP (purchasing power parity):
$26.21 billion (2004 est.)

GDP - real growth rate:
5% (2004 est.)

GDP - per capita:
purchasing power parity - $6,500 (2004 est.)

GDP - composition by sector:
agriculture: 14.2%
industry: 30.8%
services: 55% (2002)

Labor force:
1.026 million (2001)

Labor force - by occupation:
agriculture NA, industry NA, services NA

Unemployment rate:
44% officially; however, grey economy may reduce actual
unemployment to near 20% (2004 est.)

Population below poverty line:
25% (2004 est.)

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices):
1.1% (2004 est.)

Budget:
revenues: $3.618 billion
expenditures: $3.642 billion, including capital expenditures of NA
(2004 est.)

Agriculture - products:
wheat, corn, fruits, vegetables; livestock

Industries:
steel, coal, iron ore, lead, zinc, manganese, bauxite, vehicle
assembly, textiles, tobacco products, wooden furniture, tank and
aircraft assembly, domestic appliances, oil refining (2001)

Industrial production growth rate:
5.5% (2003 est.)

Electricity - production:
10.04 billion kWh (2002)

Electricity - production by source:
fossil fuel: 53.5%
hydro: 46.5%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
8.318 billion kWh (2002)

Electricity - exports:
3.288 billion kWh (2002)

Electricity - imports:
2.271 billion kWh (2002)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
20,000 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports: