industrial firms with little commercial potential.
The interethnic warfare in Bosnia caused production to plummet by
80% from 1992 to 1995 and unemployment to soar. With an uneasy peace
in place, output recovered in 1996-99 at high percentage rates from
a low base; but output growth slowed in 2000-02. Part of the lag in
output was made up in 2003-06. National-level statistics are 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 pegged to the euro, and confidence in the
currency and the banking sector has increased. 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; foreign banks, primarily from Western Europe, now control
most of the banking sector. 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):
$24.8 billion
note: Bosnia has a large informal sector that could also be as much
as 50% of official GDP (2006 est.)

GDP (official exchange rate):
$9.158 billion (2006 est.)

GDP - real growth rate:
5.3% (2006 est.)

GDP - per capita (PPP):
$5,500 (2006 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:
45.5% official rate; grey economy may reduce actual unemployment to
25-30% (31 December 2004 est.)

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

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

Distribution of family income - Gini index:
26.2 (2001)

Inflation rate (consumer prices):
8.2% (2006 est.)

Budget:
revenues: $5.643 billion
expenditures: $5.677 billion; including capital expenditures of $NA
(2006 est.)

Public debt:
24.5% of GDP (2006 est.)

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

Industries:
steel, co