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Bosnia's GDP growth slows to 2.6% y/y in Q3 - flash estimate

Bosnia's GDP growth slows to 2.6% y/y in Q3 - flash estimate GDP, Creative Commons.

SARAJEVO (Bosnia and Herzegovina), January 20 (SeeNews) - The growth of Bosnia's gross domestic product (GDP) slowed to a real 2.6% year-on-year in the third quarter of 2019, from 2.7% in the preceding quarter, the country's statistical office said, citing non-seasonally adjusted figures.

On a quarterly comparison basis, seasonally adjusted GDP increased by 0.8% in July-September, slightly slower than the 0.9% growth recorded in April-June, the Agency for Statistics said in a flash estimate on Friday.

In the third quarter of 2018, the country's GDP grew by 3.3% year-on-year in real terms.

The largest real annual growth of gross value added in the third quarter of 2019 was recorded in the information and communications sector (+11.9), and administrative and support service activities (+8.6%), the statistical office said. 

On the other hand, the manufacturing sector recorded the biggest fall in gross value added, by 3%.