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Regional Economic Outlook

Growth for the Western Balkans is estimated to strengthen to 3.5 percent for 2018, according to the latest bi-annual report.

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Speech

Remarks by Regional Director Linda Van Gelder on the role of the Central Bank of Bosnia and Herzegovina over the last two decades.

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The World Bank Office in Sarajevo is hiring a Communications Analyst for a short term temporary position. Apply now!

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Growth projections in the Western Balkans region for 2018 have been revised upward and are now estimated to reach 3.5%. Growth was stimulated by higher public investment and consumption, while countries with higher growth rates boosted them mostly by investment and exports. Over 90,000 jobs were created in the first half of 2018, with new employment mostly in industry and services.

 

Kosovo and Albania are expected to grow at 4% this year. At 3.8%, Montenegro’s growth is projected to be 1 percentage point higher, although still lower than last year. Growth in Bosnia and Herzegovina continues to be stable at an estimated 3.2%. Serbia’s economy has rebounded to 3.5% growth after last year’s weather-related slowdown. Macedonia’s growth also rebounded to 2.5%, as investor confidence was Restored.

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Experts

Linda Van Gelder

Country Director, Western Balkans

Emanuel Salinas

Country Manager for Bosnia and Herzegovina, and Montenegro

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In Depth

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Economic Update

Western Balkans Regular Economic Report

Countries in the Western Balkans are seeing an increase in jobs, as growth is picking up throughout the region.

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Engagement Strategy

Country Partnership Strategy

The latest strategy for working with the country outlines key development priorities for the period of 2016-2020.

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Regional Economy

The Western Balkans Labor Market

Countries in the region have created roughly 300,000 jobs since 2010. But more needs to be done to address high unemployment.

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Featured Project

Sarajevo Waste Water Project

This project is providing both social and environmental benefits to people across the city.

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Country Office Contacts

Sarajevo, +387 33 251-500
Fra Anđela Zvizdovića 1/B/17, 71000 Sarajevo, Bosnia and Herzegovina
mail_to_bosnia@worldbank.org