Tag Archives: Bosnia and Herzegovina

According to allcountrylist, the economy of Bosnia and Herzegovina is heavily reliant on its agriculture and services sectors. The agriculture sector is the largest contributor to Bosnia and Herzegovina’s GDP, accounting for roughly 15% of the total. This sector consists of crops such as wheat, corn, potatoes, grapes and olives grown in abundance. Livestock farming is also present in certain areas of the country with dairy production being a major focus. The services sector makes up a significant part of Bosnia and Herzegovina’s economy and includes industries such as tourism, finance and retail trade. The manufacturing sector provides a small but important contribution to Bosnia and Herzegovina’s GDP with industries such as textiles, food processing and metal products all playing an important role. The energy sector also contributes significantly to Bosnia and Herzegovina’s economy with traditional sources like hydropower providing most of the country’s energy needs. Lastly, the financial services sector is a major contributor to Bosnia and Herzegovina’s GDP with banking, insurance, investments and foreign exchange all playing an important role in providing much-needed capital for businesses throughout the country. Bosnia and Herzegovina has a long and diverse agricultural history that spans centuries. During the Ottoman Empire, the region was known for its production of cereals, fruits, vegetables, and dairy products. This agricultural system relied heavily on small family farms which were able to utilize traditional methods such as crop rotation to maintain soil fertility. After the collapse of the Ottoman Empire in the late 19th century, Bosnia and Herzegovina became part of Yugoslavia which saw a transition towards more industrialized farming practices. Large-scale mechanization was introduced along with new crop varieties that allowed for increased yields. In recent years there has been an increased emphasis on organic farming practices which aim to reduce soil erosion while also providing higher returns for farmers. Additionally, agroforestry systems have been implemented in some areas that combine trees with traditional crops to create more productive landscapes while also preserving biodiversity. Going forward it will be important to ensure that traditional farming methods are maintained while also investing in new technologies that can help farmers increase their yields even further. See itypeusa for Bosnia and Herzegovina State Overview.