prijava
SARAJEVO, January 30 (FENA) - Bosnia and Herzegovina, according to the Economic Freedom Index published by the prominent American Heritage Foundation, is ranked 83rd among the world's 180 countries. This position represents some progress compared to 91st place in the previous year.
The total rating of our country is 61.9. This result is below the regional but still above the world average, making Bosnia and Herzegovina a "moderately free" country, as quoted by the "Multi" association.
In the qualitative analysis of the Index, it is said that trade is the growth engine for Bosnia and Herzegovina and that the private sector is one of the most heavily burdened in the region, which prevents its growth and development.
Extremely decentralized government hampers political coordination and reforms while bureaucratic apparatus, lack of rule of law, and market fragmentation reduce the potential for foreign direct investments.
The public perception of corruption and misuse of public money motivated many to stay in the gray economy.
When it comes to the countries in the region, after Bosnia and Herzegovina, comes Croatia (86th place) and Montenegro (92st). Serbia (69th), Slovenia (58th), Albania (52nd), Kosovo (51st) and Macedonia (33rd place) are all better ranked.
(FENA) S. R.
