Request for IMF SBA reveals vulnerability to external shocks

B2

MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in January 2023.

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GDP
USD63bn (World ranking 83, World Bank 2021)
Population
6.8mn (World ranking 107, World Bank 2021)
Form of state Parliamentary Republic
Head of government Ana BRNABIC (Prime Minister)
Next elections 2026, legislative
  • Strong growth potential
  • Comfortable level of foreign exchange reserves
  • Track record of currency stability
  • Low labor cost plus generous state subsidies for foreign companies
  • Continued substantial FDI inflows
  • Unresolved Kosovo conflict
  • Elevated public debt
  • Persistently large current account deficits
  • High external debt burden, including external arrears
  • Deficient infrastructure (roads, railways)
  • Elevated level of perceived corruption and bureaucracy

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
Germany 12.7%
1
13.2% Germany
Italy 8.5%
2
12.3% China
Bosnia and Herzegovina 7.2%
3
8.1% Italy
Romania 5.5%
4
5.3% Russian Federation
Hungary 5.0%
5
5.0% Turkey

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Electrical machinery, apparatus and appliances, n.e.s. 12.0%
1
7.2% Electrical machinery, apparatus and appliances, n.e.s.
Vegetables and fruits 5.0%
2
5.9% Petroleum, petroleum products and related materials
Iron and steel 4.8%
3
4.7% Road vehicles
Metalliferous ores and metal scrap 4.5%
4
4.5% Medicinal and pharmaceutical products
Cereals and cereal preparations 4.5%
5
4.3% Other industrial machinery and parts
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