The Prime Minister of Republika Srpska, Radovan Višković, highlighted significant economic progress during a special thematic session of the Government dedicated to the analysis of the Republic’s macroeconomic indicators.

According to Višković, GDP per capita grew significantly from 9,304 KM in 2018 to 14,429 KM in 2023, with a forecast for 2024 of more than 15,300 KM. This represents an increase of over 65% in six years. ‘These are figures that speak for themselves and testify to the achievements in the economic field,’ the PM said.

He added that the cumulative inflation rate for the same period was 24%, while exports rose to over five billion KM, with import coverage never falling below 69%. The overall volume of foreign trade also increased significantly.

Višković emphasised that GDP growth in Republika Srpska had been consistently positive, with the exception of the year marked by the coronavirus pandemic. ‘In terms of GDP growth, we rank just behind Serbia in our region,’ he said.

Among other highlights presented:

The share of foreign direct investment in GDP reached 6.7 per cent in 2023.

The average number of employees rose from 266,000 to 289,000, an increase of 10%.

The average net wage increased to 1,404 KM at the end of 2024, a 64% growth from previous years.

The average pension increased from 361 KM to 593 KM.

Public debt was reduced to 34.2 per cent of GDP, along with a decrease in Republika Srpska’s overall debt.

Višković concluded by saying that these achievements are the result of responsible economic management and policies aimed at sustainable development.