Diplomatic representation in the US:
chief of mission: Ambassador Igor DAVIDOVIC
chancery: 2109 E Street NW, Washington, DC 20037
FAX: [1] (202) 337-1502
consulate(s) general: New York
telephone: [1] (202) 337-1500
Diplomatic representation from the US: chief of mission: Ambassador Douglas L. McELHANEY embassy: Alipasina 43, 71000 Sarajevo mailing address: use street address telephone: [387] (33) 445-700 FAX: [387] (33) 659-722 branch office(s): Banja Luka, Mostar
Flag description:
a wide medium blue vertical band on the fly side with a yellow
isosceles triangle abutting the band and the top of the flag; the
remainder of the flag is medium blue with seven full five-pointed
white stars and two half stars top and bottom along the hypotenuse
of the triangle
Economy Bosnia and Herzegovina
Economy - overview:
Bosnia and Herzegovina ranked next to The Former Yugoslav Republic
of Macedonia as the poorest republic in the old Yugoslav federation.
Although agriculture is almost all in private hands, farms are small
and inefficient, and the republic traditionally is a net importer of
food. Industry has been greatly overstaffed, one reflection of the
socialist economic structure of Yugoslavia. TITO had pushed the
development of military industries in the republic with the result
that Bosnia hosted a number of Yugoslavia's defense plants. The
interethnic warfare in Bosnia caused production to plummet by 80%
from 1992 to 1995 and unemployment to soar. With an uneasy peace in
place, output recovered in 1996-99 at high percentage rates from a
low base; but output growth slowed in 2000-02. Part of the lag in
output was made up in 2003-04. National-level statistics are
limited. Moreover, official data do not capture the large share of
black market activity. The konvertibilna marka (convertible mark or
BAM)- the national currency introduced in 1998 - is now pegged to
the euro, and the Central Bank of Bosnia and Herzegovina has
dramatically increased its reserve holdings. Implementation of
privatization, however, has been slow, and local entities only
reluctantly support national-level institutions. Banking reform
accelerated in 2001 as all the Communist-era payments bureaus were
shut down. The country receives substantial amounts of
reconstruction assistance and humanitarian aid from the
international community but will have to prepare for an era of
declining assistance.
GDP:
purchasing power parity - $24.31 billion (2003 est.)
GDP - real growth rate:
3.5% (2003 est.)
GDP - per capita:
purchasing power parity - $6,100 (2003 est.)
GDP - composition by sector:
agriculture: 13%
industry: 40.9%
services: 46.1% (2001 est.)
Population below poverty line:
NA (2004 est.)