Progress status
Substantial progress
Substantial progress

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Indicator description

Gross domestic product (GDP) is a measure of economic activity and refers to the value of the total production of goods and services produced by an economy, less intermediate consumption and plus net taxes on products and imports. GDP per capita is calculated as the ratio between GDP and the average population in a given year. GDP per capita in purchasing power standards (PPS) enables comparisons of levels of economic activity between countries by eliminating differences in price levels. The value can also be expressed as an index relative to the EU-27 average, which is set at 100. This index enables comparisons of the relative level of GDP per capita between countries.
Data source and methodology

The indicator provides information on the relative level of economic activity in Bosnia and Herzegovina compared with European Union countries and other countries covered by international comparisons. Monitoring GDP per capita in PPS enables differences in economic levels between countries to be assessed while taking differences in price levels into account. The indicator is relevant for monitoring Sustainable Development Goal 10, which concerns reducing inequalities within and among countries. In the context of Bosnia and Herzegovina, the data enable monitoring of the country’s relative economic level and changes over time.
Coverage and comparability

The indicator monitors GDP per capita expressed in purchasing power standards (PPS). Data for Bosnia and Herzegovina are published through national statistics produced by the Agency for Statistics of Bosnia and Herzegovina (BHAS), and the data are also used within harmonised international comparisons published by Eurostat. For Bosnia and Herzegovina, the data include GDP per capita in PPS, as well as an index of GDP per capita relative to the EU-27 average = 100. These two measures provide information on the absolute level of GDP per capita expressed in PPS and on the relative position of Bosnia and Herzegovina compared with the EU-27 average. For the purpose of monitoring progress on the portal, the trend is calculated based on the change in GDP per capita expressed in PPS. An increase in the value over time represents a positive direction of indicator movement.
National context and objectives

No specific national quantitative target for 2030 has been established for this indicator in Bosnia and Herzegovina. The indicator is used for long-term monitoring of changes in GDP per capita in Bosnia and Herzegovina and its relative economic position compared with European Union countries. Long-term analysis of the indicator enables monitoring of changes in the economic level of Bosnia and Herzegovina and economic disparities in relation to European Union countries.
Indicator description

Gross domestic product (GDP) is a measure of economic activity and refers to the value of the total production of goods and services produced by an economy, less intermediate consumption and plus net taxes on products and imports. GDP per capita is calculated as the ratio between GDP and the average population in a given year. GDP per capita is expressed in purchasing power standards (PPS), which represent a common currency unit that eliminates differences in price levels between countries and enables meaningful comparisons of the volume of economic activity. Values are also available as an index relative to the European Union average, which is set at 100. A value above 100 indicates a level of GDP per capita above the EU average, while a value below 100 indicates a level below the EU average. This index is intended for comparisons between countries rather than comparisons over time.
Data source and methodology

The indicator is part of the European Union set of Sustainable Development Indicators and is used to monitor progress towards Sustainable Development Goal 10, which concerns reducing inequalities within and among countries. The indicator can be considered similar to global SDG indicator 8.1.1, “Annual growth rate of real GDP per capita”. At the same time, the indicator of economic disparities between EU countries, based on GDP per capita adjusted for purchasing power parity, provides information on the convergence of levels of economic activity among Member States. The indicator is also relevant in the context of the European Pillar of Social Rights, which establishes key principles to support fair and well-functioning labour markets and social protection systems. These principles cover issues related to inequalities in outcomes and opportunities, including income and wealth, wages, social protection, gender equality, social services, childcare, old-age income, healthcare and access to housing.
Coverage and comparability

The indicator monitors GDP per capita expressed in purchasing power standards (PPS), enabling comparisons of levels of economic activity between countries while eliminating differences in price levels. For European Union aggregates, disparities in GDP per capita are measured using the coefficient of variation of national values. This measure provides information on the convergence of economic activity among EU Member States. The indicator is updated annually, and data are published for the calendar year. The data are based on data from the European Statistical System (ESS), which countries transmit to Eurostat. A time series starting in 2000 is available, with more than four mutually comparable observations and no methodological break.
EU context and objectives

No specific quantitative long-term target has been defined at European Union level for this indicator. The indicator is used for long-term monitoring of changes in GDP per capita adjusted for purchasing power parity and, at EU aggregate level, for monitoring developments in economic disparities between Member States. Long-term analysis of the indicator enables monitoring of the convergence of economic activity among EU Member States.
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