BOSNIAN GDP GROWS 12.1%

SARAJEVO, Bosnia (July 29,2008) - Bosnia's Gross Domestic Product (GDP) in 2007 amounted to 13.7 billion Bosnian Marks, i.e. 1.6 billion Bosnian Marks more than the year before.

The growth of the Bosnian GDP expressed at percentages amounted to 12.1% and is among the highest in Europe. This is, undoubtedly, worth the praise,Bosnian daily Dnevni Avaz said.

However, if one takes a glimpse of the structure of the Bosnian GDP over the after-war years, there is no reason to be pleased. This is the opinion of Anto Domazet, Director of Economic Institute of Sarajevo.

Production is not stimulated enough in order to produce significant results. Even a superficial insight shows that the growth of GDP primarily concerns trade, services and revenue increase in favour of public consumption.
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