This paper presents a study of the impact of economic openness (imports, exports
and foreign direct investment) on the economic growth of Bosnia and Herzegovina (B&H) in
the period from 2005 to 2024. The paper applied multiple regression and OLS estimation.
The research results indicate that the observed independent variables have a significant
impact in the estimated model. The variables exports and foreign direct investment have a
positive effect on the economic growth of Bosnia and Herzegovina, while imports have a
negative effect. The main limitation of the conducted research is the relatively short
observation period, i.e. the inability to apply quarterly or monthly data in the empirical
analysis. Finally, the obtained results can contribute to the generation of economic policies
that will focus on those economic factors that contribute most to the economic growth of
Bosnia and Herzegovina.
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