Bosnia’s GDP slows in Q3, flash data

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Bosnia's gross domestic product (GDP) fell by a real 6.3% year-on-year in the third quarter of 2020, after contracting by an annual 9% in the preceding quarter, the country's Agency for Statistics (BHAS) said on Wednesday, citing non-seasonally adjusted figures.

In the third quarter of 2019, Bosnia's GDP grew by 3.4% year-on-year in real terms. The largest real annual decrease of gross value added in the Q3, last year was recorded in the accommodation and food service activities (-48%), transportation and storage (-45.8%), and wholesale and retail trade; repair of motor vehicles and motorcycles (-10.7%).

On a quarterly comparison basis, seasonally adjusted GDP increased by 4% in July-September, following a 10.6% drop recorded in April-June, the Sarajevo-based agency said in a flash estimate.

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