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Bosnia's Federation GDP growth slows in Q4

Author Maja Garaca
Bosnia's Federation GDP growth slows in Q4 GDP, Creative Commons.

SARAJEVO (Bosnia and Herzegovina), April 2 (SeeNews) - The economy of the Federation of Bosnia and Herzegovina expanded by a real 3.0% on the year in the fourth quarter, slowing down from 3.6% growth in the previous quarter, estimate data from the entity's statistics office shows.

According to seasonally adjusted data, the Federation's GDP rose 0.4% on the quarter compared to a growth of 1.2% in the July-September period, figures posted on the website of the statistics office showed on Friday.

Observed by sectors, in the fourth quarter of 2017 compared to the same quarter of the previous year, significant real growth of the gross value added was recorded in arts, entertainment and recreation; other service activity; financial and insurance activities; wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities and manufacturing.

The Federation's GDP totalled 5.2 billion marka ($3.3 billion/2.7 billion euro) at current prices in the October-December period, compared to 5.7 billion marka a quarter earlier. In the reviewed period a year earlier, GDP stood at 5.0 billion marka.

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.

Last week the Federation's government said it sees its GDP growth at a real 4.5% in 2017.

(1 euro=1.95583 marka)