Why Bosnia is poor?

Why Bosnia is poor?

Aside from the nearly one-fifth of the population already in poverty, approximately 50 percent of the country is vulnerable to becoming poor. This vulnerability is largely due to factors including lack of education, economic opportunity and recovery after the war.

Is Bosnia a developed country?

Bosnia and Herzegovina is an upper middle-income country which has accomplished a great deal since the mid-1990s. Today, it is an EU potential candidate country and is now embarking on a new growth model amid a period of slow growth and the global financial crisis.

Is Bosnia and Herzegovina expensive?

Bosnia isn't an expensive place nor is it a particularly cheap destination either. Compared to Western Europe, you'll get more spending power with your money. But, if you're a fan of South East Asia or the Caucasus, you'll probably find it to be a bit pricey.

Is Bosnia a safe country?

Bosnia and Herzegovina is generally a safe country. Its people are very kind and happy to help, and tourists especially shouldn't encounter any bigger problems in this country. Small towns do not face almost any serious crimes, though that's not the case with its capital, Sarajevo.

What is the average salary in Bosnia?

The salary range of employees working in Bosnia and Herzegovina is, by default, in the range of 662.00 BAM (low salaries, employees' actual wages may be even lower) to 1,974.00 BAM (high salaries, actual salaries can be even higher). This is the total monthly salary including bonuses.

What is the poorest country in Europe?

Moldova Moldova. Moldova is the poorest country in Europe, with a GDP per capita of $2,289. Part of the USSR, Moldova faced political instability, economic decline, trade obstacles, and other hardships following the Soviet Union's collapse in 1991.

How much is a Coke in Bosnia?

Prices in restaurants in Bosnia and Herzegovina.

Meal in a cheap restaurant	7.00 BAM (5.00-12)
Coke/Pepsi (0.33 liter bottle)	2.40 BAM (2.00-3.00)
Water (0.33 liter bottle)	1.30 BAM (1.00-2.00)
Cappuccino (regular)	1.90 BAM (1.00-3.00)
Espresso Coffee	1.30 BAM (0.70-2.10)

How much money do I need to retire in Bosnia?

You can get by on as low as 600-650 euros a month in Bosnia. But to live more comfortably as a one-person expat, ideally you want at least 700-750 euros a month.

How many people live in poverty in Bosnia and Herzegovina?

• Bosnia and Herzegovina is a small country with a population of only 3.8 million people. Despite its small size, however, about 18.56 percent, or 640,000 people, live in absolute poverty in Bosnia.

What kind of country is Bosnia and Herzegovina?

• The Balkan country of Bosnia and Herzegovina, most commonly known as Bosnia, is infamous for ethnic wars that ripped Yugoslavia apart in the mid-1990s, peaking in the country with the massacre at Srebrenica. Although the country has made several improvements since the end of the war, 20 years later, Bosnia still struggles with poverty.

What was the economy of Bosnia before the war?

• Before the war, Bosnia was classified as a middle-income country. However, the conflict devastated the economy, down-grading Bosnia to a lower middle-income country. It has yet to bounce back to its pre-war level of economic prosperity.

How does the government help people in Bosnia?

• Bosnia does receive foreign aid and it has its own welfare programs designed to provide help to poor and at-risk populations. However, 85 percent of people in Bosnia believe the elderly need more financial and government assistance, while only 60 percent of people believe the same of children.