July 13 (SeeNews) - The prime minister of Bosnia's Serb Republic, Milorad Dodik, said that the entity's first-half gross domestic product (GDP) has shrunk by 3.3%.
Dodik also said that the Serb Republic government had planned the entity's economic growth to reach 2.5% this year, as heard from a video file posted on the Facebook page of public broadcaster RTRS on Friday.
"Industrial production decreased by 6.8% in the first six months, while the Serb Republic's foreign trade turnover fell 12.3% in January-May," Dodik told reporters.
He added that exports and imports have both decreased.
The Serb Republic is stable in regard to total debt which amounts to 5.4 billion marka ($3.1 billion/2.8 billion euro) or 47.4% of GDP, while the entity's public debt amounts to 4.3 billion kuna, or 37.3% of GDP, Dodik said.
The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation.
(1 euro = 1.95583 marka)