Bosnia has the lowest GDP per capita in Europe, Eurostat data shows

EU statistics agency says Bosnia and Herzegovina has the lowest GDP per capita of 37 European countries examined.Bosnia and Herzegovina has the lowest Gross Domestic Product, GDP, per capita and the lowest Actual Individual Consumption, AIC, of 37 European countries, according to a...

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 E-mail article  Print  Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά  Text

Bosnia has the lowest GDP per capita in Europe, Eurostat data shows



Balkans.com Business News Correspondent - 24.06.2013

EU statistics agency says Bosnia and Herzegovina has the lowest GDP per capita of 37 European countries examined.

Bosnia and Herzegovina has the lowest Gross Domestic Product, GDP, per capita and the lowest Actual Individual Consumption, AIC, of 37 European countries, according to a report by the EU statistics agency Eurostat.

The research covered all EU member states, plus Switzerland, Iceland, Norway, Croatia, Macedonia, Serbia, Turkey, Montenegro, Bosnia and Albania.

Based on preliminary results for 2012, Bosnia's GDP, expressed in Purchasing Power Standards, PPS, is only 27 per cent of the EU average, while Bosnia's AIC is 36 per cent of the average.

At the end of last year, the official number of unemployed persons in Bosnia was 550,574, 44.4 per cent of the working-age population, the highest number ever recorded.

A GDP that is 72 per cent lower than the EU average puts Bosnia last overall on the list, behind all other countries from the Western Balkans.

Albania is not far behind Bosnia, with a GDP that is 30 per cent of the EU average, while Serbia and FYR Macedonia are both on 35 per cent and Montenegro is on 42 per cent.

Croatia, which is going to become an EU member state on July 1, is the richest country in the region. Its GDP is 61 per cent of the EU average. This puts Croatia above two existing EU member states, Romania (59 per cent) and Bulgaria (47 per cent).

Luxembourg has the highest GDP level among the EU member states at 271 per cent of the EU average.

By Kenan Efendic, BIRN, Sarajevo

bne/BIRN


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