July 10 (SeeNews) - The economy of the Federation of Bosnia and Herzegovina expanded by a real 2.0% on the year in the first quarter, slowing down from 3.0% growth in the previous quarter, estimate data from the entity's statistics office shows.
According to seasonally adjusted data, the Federation's GDP rose 1.0% on the quarter compared to a growth of 0.4% in the October-December period, figures posted on the website of the statistics office showed on Monday.
Observed by sectors, in the first quarter of 2018 compared to the same quarter of the previous year, a significant real growth of the gross value added was recorded in the wholesale and retail trade as well as in electricity, gas, steam and air conditioning supply.
Bosnia and Herzegovina is made up of two autonomous entities - the mostly Serb-dominated Serb Republic and the mainly Bosniak and Croat populated Federation of Bosnia and Herzegovina.
In March, the Federation's government said it sees its GDP growth at a real 4.5% in 2017.