page_title: Novo Sarajevo
section_title: Economy
hierarchical_section_title: Novo Sarajevo / Economy
caption_attribution_description: English: Municipality building of Novo Sarajevo Municipality
context_page_description: Novo Sarajevo is a municipality of the city of Sarajevo, Bosnia and Herzegovina.
context_section_description: Novo Sarajevo is known as something of the commercial and business center of Sarajevo, housing many of the city's major companies and corporations such as Elektroprivreda Bosne i Hercegovine, the University of Sarajevo, UN house Bosnia and Herzegovina and also the HQ of Sparkasse Bank and the Raiffeisen Bank in Bosnia and Herzegovina.
  Novo Sarajevo is considered to be the second most developed municipality in Federation of Bosnia and Herzegovina, boasting a per capita GDP of some 11,000 USD (275.2% of FBiH average GDP), just behind the municipality of Centar Sarajevo. These two municipalities combine for 60.9% of the Sarajevo Canton GDP, even though they account for merely 3.5% of the total area of Sarajevo Canton, and 27% of its population.
caption: Novo Sarajevo Municipality headquarters
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