The municipality of Jezero has significant water potential (rivers Pliva, Jošavka and rivers of Perućica, lake Đol in Ljoljići). Those potentials can be used for the development of tourism and hydro potential, ecology and protection of healthy environment.
The municipality Jezero is located on the river Pliva, halfway between Jajce and Šipovo at an altitude of 430 m. What is specific for Jezero is that it is located exactly on the confluence of the river Pliva with Great Pliva Lake, surrounded with beautiful mountain range. Except Pliva Lake, there are two more lakes nearby, those are Veliki Đol (Great Đol) and Mali Đol (Small Đol), places remarkably famous among the fishermen. Besides, Jezero has excellent conditions for paragliding, mountaineering and mount-biking.