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The economy of Sarajevo is based largely on industries such as manufacturing and tourism.
Sarajevo Sarajevo ( ), ; ''see Names of European cities in different languages (Q–T)#S, names in other languages'' is the Capital city, capital and List of cities in Bosnia and Herzegovina, largest city of Bosnia and Herzegovina, with a population of 2 ...
is economically one of the strongest regions of
Bosnia and Herzegovina Bosnia and Herzegovina, sometimes known as Bosnia-Herzegovina and informally as Bosnia, is a country in Southeast Europe. Situated on the Balkans, Balkan Peninsula, it borders Serbia to the east, Montenegro to the southeast, and Croatia to th ...
. As the center of various levels of area politics, many Sarajevo citizens also work in government. A number of local and international companies are present in the city and contribute to its economic health. Sarajevo is the most populous region, urban zone and the only
metropolitan area A metropolitan area or metro is a region consisting of a densely populated urban area, urban agglomeration and its surrounding territories which share Industry (economics), industries, commercial areas, Transport infrastructure, transport network ...
in Bosnia and Herzegovina. The area generates approximately 45% of Bosnia and Herzegovina's GDP.


Overview

Sarajevo's economy reached its peak in the 1980s, thanks in large part to the culmination of several decades of industrial development and a tourist boom following the
1984 Winter Olympics The 1984 Winter Olympics, officially known as the XIV Olympic Winter Games (Serbo-Croatian language, Serbo-Croatian and Slovene language, Slovene: ; Serbian Cyrillic alphabet, Serbian Cyrillic: ; ) and commonly known as Sarajevo '84 (Serbian Cy ...
, as well as increased international investment. During the
Siege of Sarajevo The siege of Sarajevo () was a prolonged military blockade of Sarajevo, the capital of Republic of Bosnia and Herzegovina, during the ethnically charged Bosnian War. After it was initially besieged by Serbian forces of the Yugoslav People's Arm ...
, the Bosnian Serb forces often targeted structures key to the city’s economic health, including the headquarters of companies and many services and public utilities. Since then, the Sarajevo economy has made tremendous progress, significantly better than its post-war state in 1996. Sarajevo's manufacturing deals with a wide array of products. This includes production of Foods and Beverages,
textile Textile is an Hyponymy and hypernymy, umbrella term that includes various Fiber, fiber-based materials, including fibers, yarns, Staple (textiles)#Filament fiber, filaments, Thread (yarn), threads, and different types of #Fabric, fabric. ...
s,
furniture Furniture refers to objects intended to support various human activities such as seating (e.g., Stool (seat), stools, chairs, and sofas), eating (table (furniture), tables), storing items, working, and sleeping (e.g., beds and hammocks). Furnitur ...
,
automobiles A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, peopl ...
,
pharmaceuticals Medication (also called medicament, medicine, pharmaceutical drug, medicinal product, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy ( pharmacotherapy) is an important part of the ...
and
metalworking Metalworking is the process of shaping and reshaping metals in order to create useful objects, parts, assemblies, and large scale structures. As a term, it covers a wide and diverse range of processes, skills, and tools for producing objects on e ...
. Sarajevo companies also produce unique brands of
alcohol Alcohol may refer to: Common uses * Alcohol (chemistry), a class of compounds * Ethanol, one of several alcohols, commonly known as alcohol in everyday life ** Alcohol (drug), intoxicant found in alcoholic beverages ** Alcoholic beverage, an alco ...
and
cigarette A cigarette is a narrow cylinder containing a combustible material, typically tobacco, that is rolled into Rolling paper, thin paper for smoking. The cigarette is ignited at one end, causing it to smolder; the resulting smoke is orally inhale ...
s. According to
Sarajevo Canton The Sarajevo Canton, officially the Canton of Sarajevo (; ; ), is one of the ten cantons of the Federation of Bosnia and Herzegovina in Bosnia and Herzegovina. Its cantonal seat is the city of Sarajevo, also the capital city of Bosnia and Herzeg ...
statistics, the greater Sarajevo area in 2002 had a workforce of 278,341. 86,012 (30.6%) of these were, on average, actually employed. Of those 86,012, some 37,253, or 43,3%, were women. The largest number of people were employed in industry (19.4%), trade (12.9%), transport (9.9%) and education (8.7%). The largest concentration of jobs is in Centar municipality (34.5%) and
Novo Sarajevo Novo Sarajevo (Ново Сарајево, ; lit. 'New Sarajevo') is a municipality of the city of Sarajevo, Bosnia and Herzegovina. Neighborhoods *'' Grbavica I'' *'' Grbavica II'' *''Pofalići I'' *''Pofalići II'' *''Velešići'' *''Gornji Vele ...
(20.8%). In 2002, the total export for the greater Sarajevo region was worth about 259.569.000 KM. This was an increase of 21.9% from the previous year. Most of Sarajevo's exports (28.2%) head to
Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...
, with the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...
following behind at 16.8% and
Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...
thirds with 12.8%. The largest amount of imported goods come from Germany, at 15.8%. With a worth of total import at about 1.322.585.000 KM, the total import is almost 5.1 times the total export. A variety of important economic institutions are to be found in Sarajevo. The Central Bank of Bosnia and Herzegovina is found in the city, as are numerous other independent banks. Overall, 19 different banks have their headquarters in Sarajevo. The city also holds the Sarajevo Exchange of securities, Institute for
accounting Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activit ...
and auditing of the
Federation of Bosnia and Herzegovina The Federation of Bosnia and Herzegovina (Serbo-Croatian: ''Federacija Bosne i Hercegovine'' / ''Федерација Босне и Херцеговине'') is one of the two Political divisions of Bosnia and Herzegovina, entities composing Bo ...
, Board for valuable papers of the Federation of Bosnia and Herzegovina, and the Register of valuable papers of the Federation of Bosnia and Herzegovina. Foreign companies with a foothold in the Sarajevo region include Brown & Root,
Burger King Burger King Corporation (BK, stylized in all caps) is an American multinational chain store, chain of hamburger fast food restaurants. Headquartered in Miami-Dade County, Florida, the company was founded in 1953 as Insta-Burger King, a Jacks ...
,
Coca-Cola Coca-Cola, or Coke, is a cola soft drink manufactured by the Coca-Cola Company. In 2013, Coke products were sold in over 200 countries and territories worldwide, with consumers drinking more than 1.8 billion company beverage servings ...
,
KFC KFC Corporation, doing business as KFC (an abbreviation of Kentucky Fried Chicken), is an American fast food restaurant chain specializing in fried chicken and chicken sandwiches. Headquartered in Louisville, Kentucky, it is the world's se ...
,
Porsche Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see below), is a German automobile manufacturer specializing in luxury, high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. Th ...
,
Philip Morris International Philip Morris International Inc. (PMI) is a multinational tobacco company, with products sold in over 180 countries. Marlboro is PMI’s most recognized brand, but in the last quarter of 2023, Iqos generated the greatest revenue. Philip Mor ...
, Zara and so on. The Bosnian-Malaysian firm Bosmal is also situated in the city. Their main exports are clothing and electrical goods.


Major companies

Major companies based in
Sarajevo Sarajevo ( ), ; ''see Names of European cities in different languages (Q–T)#S, names in other languages'' is the Capital city, capital and List of cities in Bosnia and Herzegovina, largest city of Bosnia and Herzegovina, with a population of 2 ...
include: *
BH Telecom BH Telecom is a Bosnian telecommunications company, headquartered in Sarajevo, Bosnia and Herzegovina. History Established in 1992 amidst the breakup of Yugoslavia, this company was the first in Bosnia and Herzegovina to provide GSM, 3G, IPTV, ...
* Bosmal * Bosnalijek * Dnevni avaz * Energoinvest * Energopetrol *
Oslobođenje The ''Oslobođenje'' ( sh-Cyrl, Ослобођење; ; 'Liberation') is the Bosnia and Herzegovina, Bosnian national daily newspaper, published in Sarajevo. It is the oldest daily newspaper still in circulation in the Bosnia and Herzegovina. Fou ...
*
Sarajevo Tobacco Factory Sarajevo Tobacco Factory (; abbr. FDS) was a cigarette producer with headquarters in Sarajevo, Bosnia and Herzegovina. History The Sarajevo Tobacco Factory was founded in 1880, only two years after the Austro-Hungarian occupation of Bosnia and He ...
* Sarajevska pivara * Unioninvest * UNITIC * JP Elektroprivreda BiH


References

{{Reflist
Sarajevo Sarajevo ( ), ; ''see Names of European cities in different languages (Q–T)#S, names in other languages'' is the Capital city, capital and List of cities in Bosnia and Herzegovina, largest city of Bosnia and Herzegovina, with a population of 2 ...