Croatia’s economy continues on its path of recovery, with GDP up by an estimated 2.5% in 2016. Growth is backed by a rise in domestic demand, both household consumption and investments. Investments fuelled by EU-funding and continued private consumption recovery should help to stimulate more robust GDP growth over the biennium 2017-2018. Fiscal consolidation coupled with high public debt will remain the main challenges to sustainable growth.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||4254||4236||4208||.||.||.|
|GDP, real change in %||-1.1||-0.5||1.6||2.5||2.7||2.8|
|GDP per capita (EUR at PPP)||15800||16100||16700||.||.||.|
|Gross industrial production, real change in %||-1.8||1.2||2.7||.||.||.|
|Unemployment rate - LFS, in %, average||17.3||17.3||16.3||14.5||14.0||13.0|
|Average gross monthly wages, EUR||1048||1042||1058||.||.||.|
|Consumer prices, % p.a.||2.3||0.2||-0.3||-0.5||1.0||1.0|
|Fiscal balance in % of GDP||-5.3||-5.4||-3.3||.||.||.|
|Public debt in % of GDP||82.2||86.6||86.7||.||.||.|
|Current account in % of GDP||1.0||2.1||5.1||3.8||1.9||1.5|
|FDI inflow, EUR mn||710||2393||170||.||.||.|
|Gross external debt in % of GDP||105.7||108.6||103.8||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
CROATIA: Economy back on a more stable growth path
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, November 2016 , pp. 58-61 Details and Buy
Monthly Report No. 7-8/2016
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2016
25 pages including 1 Table and 1 Figure