Bosnia and Herzegovina: Unemployment rate

* indicates monthly or quarterly data series
 Bosnia and Herzegovina

Unemployment rate

 Latest value 12.66
 Year 2022
 Measure percent
 Data availability 1991 - 2022
 Average 23.55
 Min - Max 12.66 - 31.11
 Source The World Bank
For that indicator, we provide data for Bosnia and Herzegovina from 1991 to 2022. The average value for Bosnia and Herzegovina during that period was 23.55 percent with a minimum of 12.66 percent in 2022 and a maximum of 31.11 percent in 2006. The latest value from 2022 is 12.66 percent. For comparison, the world average in 2022 based on 179 countries is 7.25 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Bosnia and Herzegovina - Unemployment rate - Recent values chart

Historical chart
Bosnia and Herzegovina - Unemployment rate - historical chart - 1991-2022

The unemployment rate in Bosnia and Herzegovina and other countries is defined as the number of unemployed people as percent of the labor force. The labor force includes the people who are either employed or unemployed, i.e. who don't have a job but are actively looking for one. The labor force does not include people who are not looking for work, children, and the retired.

The unemployment rate seldom declines below 4-5 percent even during boom times. There are always people who move between different sectors of the economy or between cities. When the economy goes into recession, then unemployment can reach much higher numbers, sometimes even in the double digits.
Definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

 Related indicators Latest value Reference Measure
 Labor force 1.37 2022 million people
 Unemployment rate 12.66 2022 percent
 Female unemployment 17.22 2022 percent
 Male unemployment 11.89 2022 percent
 Youth unemployment 29.81 2023 percent
 Labor force participation 49.99 2023 percent
 Labor force: percent female 40.57 2022 percent
 Female labor force participation 40.53 2023 percent
 Male labor force participation 59.89 2023 percent
 Self-employment 24.78 2022 percent
 Informal employment 14.30 2020 percent
 Employment 0.85 9/2023 million employed people
 Unemployment rate 28.90 9/2023 percent
 Labor cost 195.00 9/2023 index points
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