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In Croatia GDP fell for the sixth consecutive year; however, the country is likely to return to a slightly positive growth path in 2015. Household consumption remains subdued owing to high and persistent unemployment and continued deleveraging. Economic recovery will hinge primarily on external demand, and a revival in investment activities following increased absorption of EU funds. Fiscal consolidation and an overly indebted enterprise sector are the key obstacles to more robust growth.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||4269||4254||4245||.||.||.|
|GDP, real change in %||-2.2||-0.9||-0.4||0.3||1.1||1.5|
|GDP per capita (EUR at PPP)||15700||15800||15800||.||.||.|
|Gross industrial production, real change in %||-5.5||-1.8||1.2||.||.||.|
|Unemployment rate - LFS, in %, average||16.0||17.3||17.3||17.5||16.5||16.0|
|Average gross monthly wages, EUR||1048||1048||1042||.||.||.|
|Consumer prices, % p.a.||3.4||2.3||0.2||0.4||0.5||1.0|
|Fiscal balance in % of GDP||-5.3||-5.4||-5.7||.||.||.|
|Public debt in % of GDP||69.2||80.6||85.0||.||.||.|
|Current account in % of GDP||-0.1||0.8||0.7||0.2||0.1||0.0|
|FDI inflow, EUR mn||1109||735||2876||.||.||.|
|Gross external debt in % of GDP||103.0||105.3||107.9||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
CROATIA: Hope for a reversal of the negative growth trend
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 53-55 Details and Buy
Monthly Report No. 7-8/2014
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures Details