Average net salary in Federation BiH Drops in September 2024, annual growth still strong

Despite the monthly decline, year-on-year comparisons indicate significant growth. The September 2024 figure is nominally 8.7% higher than in the same month in 2023 and shows a 7.3% increase in real terms.

Sectoral Changes in Salaries

Several sectors experienced salary growth in September:

- Administrative and Support Service Activities: Up by 1.3%.
- Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles: Increased by 0.8%.
- Accommodation and Food Service Activities: Grew by 0.7%.

Conversely, significant decreases were reported in:

- Mining and Quarrying: Down by 4.2%.
- Health and Social Work Activities: Dropped by 4.1%.
- Agriculture, Forestry, and Fishing: Declined by 3.7%.

Gross Salary Overview

The average monthly gross salary for September 2024 in the Federation of BiH was 2,135 Bosnian marks (€1,090), reflecting the same 1.1% nominal and real-term drop compared to August 2024.

Employment Figures

In August 2024, the total number of employed persons in the Federation of BiH was recorded at 543,667, marking a 0.7% decrease from the previous month. The number of employed women also declined by 1.2% during this period.

The report highlights fluctuating economic conditions in FBiH, with growth in certain industries offset by declines in others and ongoing challenges in employment.