After the Yugoslav Republic collapsed, businesses were unable to competitive with the market economy and went bankrupt. Additionally, the process of privatizing the previously state owned institutes was often unproductive and corrupt. All this had a negative impact on the economy of the country. Unemployment is still rather high at roughly 43%.
Informal (casual) employment is the most common type of employment in the country in the 15 to 24 year age group. Such workers earn low wages and if the wages were fully taxed, they would be insufficient to live on. The agreement of informal employment makes the wages sustainable. Agriculture employs approximately 20% of the labour force, industry 33%, and services sector 47%.
Industries that can provide employment in the country include tobacco, furniture, automobiles, hosiery, and communication equipment. Tourism is fast developing, and offers short term or seasonal employment opportunities to international workers.
There is also a demand in Bosnia & Herzegovina for English Language teachers. There not that many schools and most of these run small scale operations. However, they require native English speakers and jobs are usually available. Best chances of employment are in August, just before schools open for a new session and again in January.
There also a number of unpaid work options that provide outstanding experience. Human rights programs focusing on the basis of the Bosnia-Herzegovina conflict is one example. Workers get to participate in dialogues with government officials, local communities and human rights defenders investigating strategies that can produce positive results for the local populations.