Names: conventional long form: none conventional short form: Bosnia and Herzegovina local long form: none local short form: Bosna i Hercegovina former: People's Republic of Bosnia and Herzegovina, Socialist Republic of Bosnia and Herzegovina
Capital City: Sarajevo
Population: 4,498,976 (July 2006 est.)
GDP Per Capita: $5,500 (2006 est.)
Currency: marka (BAM)
Languages: Bosnian, Croatian, Serbian
Total Area: total: 51,129 sq km land: 51,129 sq km water: 0 sq km slightly smaller than West Virginia
Region: Europe
Industries: steel, coal, iron ore, lead, zinc, manganese, bauxite, vehicle assembly, textiles, tobacco products, wooden furniture, tank and aircraft assembly, domestic appliances, oil refining
Agriculture: wheat, corn, fruits, vegetables; livestock
Resources: coal, iron ore, bauxite, copper, lead, zinc, chromite, cobalt, manganese, nickel, clay, gypsum, salt, sand, forests, hydropower
Labor Force:
1.026 million (2001)
agriculture: NA% industry: NA% services: NA%
Exports:
$3.5 billion f.o.b. (2006 est.)
metals, clothing, wood products
Imports:
$8.25 billion f.o.b. (2006 est.)
machinery and equipment, chemicals, fuels, foodstuffs
Overview:
Bosnia and Herzegovina ranked next to Macedonia as the poorest republic in the old Yugoslav federation. Although agriculture is almost all in private hands, farms are small and inefficient, and the republic traditionally is a net importer of food. Industry remains greatly overstaffed, a holdover from the socialist economic structure of Yugoslavia. TITO had pushed the development of military industries in the republic with the result that Bosnia was saddled with a host of 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.
In 2007 Missouri exported $570,137 in goods to Bosnia And Herzegovina. This ranks Bosnia And Herzegovina 138th among the 223 international buyers of Missouri goods. Missouri exports to Bosnia And Herzegovina increased from the previous year by $153,705 a change of 36.91%. State exports to Bosnia And Herzegovina have increased over the last 5 years by $396,378 a change of 228.12%. Missouri exports account for .00%. of all 2007 US exports to Bosnia And Herzegovina.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 173,759 | 33,373 | 10,000 | 16,020 | 416,432 | 570,137 | |
| 000 - Total All Industries US | 31,898,371 | 21,164,794 | 27,753,252 | 17,556,283 | 51,553,635 | 20,153,042 | |