Bosnia and Herzegovina R&D Spending

Bosnia and Herzegovina's research and development (R&D) spending has experienced significant fluctuations over the past two decades, ranging from an all-time low of 0.02 in 2004 to a peak of 0.32 in 2013. Although the country's R&D spending has declined since the peak, it remains above its trough level, currently standing at 0.19 in 2025, ranking it 62nd globally. A comparison with peer countries reveals that Bosnia and Herzegovina's R&D spending is comparable to that of Armenia, which also ranks 62nd with a spending of 0.20. In contrast, countries such as Mauritius, with a spending of 0.20, appear to have maintained a more consistent level of investment in R&D. The trajectory of Bosnia and Herzegovina's R&D spending may be influenced by factors such as government policies, institutional capacity, and economic growth, which could potentially alter the country's R&D trajectory in the coming years. A sustained increase in government funding and a strengthening of institutional frameworks could help to reverse the decline in R&D spending and propel Bosnia and Herzegovina towards a more robust innovation ecosystem.