News in English     | 11.01.2018. 14:46 |

Foreign investments increase by 66.8 percent, goods exports record double-digits

FENA Press release

SARAJEVO, January 11 (FENA) – The BiH Council of Ministers at today’s session received the Information of the Directorate for Economic Planning about the movement of macroeconomic indicators for January-October 2017, which shows that the growth of all economic parameters in BiH continues.

According to the Information, the reported economic growth in the third quarter of last year in BiH was 2.6 percent compared to the same quarter of the year before, which continued the growth. A significant contribution to the growth of GDP was, after a long time, achieved in the domain of investment, with the growth of private consumption and positive foreign trade balance, while public spending stagnated.

According to the latest data of the BiH Central Bank, total foreign investments in the balance of payments amounted to 386.7 million KM, which is an increase by 66.8 percent compared to the same period last year.

In October 2017, a four-month trend in the growth of commodity exports continued in BiH at two-digit growth rates, amounting to 20.5 percent compared to the same month of the previous year, while imports of goods increased by 15 percent.

The number of employees also increased in September 2017 by 2.4 percent compared to the same month in 2016 and amounted to 753.4 thousand.

In 10 months of 2017, about 11.8 billion KM of revenue was collected from indirect and direct taxes in BiH, which is 8.3 percent more than in the same period of the previous year. At the same time, entity tax administrations collected about 5.9 billion KM of revenues, which is an increase by about 515 million KM compared to the same period in 2016.

Total deposits at the end of this period amounted to 19.6 billion KM and recorded a growth of 12.1 percent, with the largest contribution to the growth coming from the population sector, whose deposits amounted to 11.1 billion KM, the BiH Council of Ministers said.

(FENA)
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