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Economic recovery in Croatia will be delayed by another year due to fiscal consolidation efforts. GDP growth should rebound only in 2015, provided investments pick up and external demand strengthens. Private consumption will remain suppressed due to high and persistent unemployment as well as household and enterprise deleveraging. Benefits of EU membership can be expected only in the medium run.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||4283||4269||4260||.||.||.|
|GDP, real change in %||-0.2||-1.9||-1.0||0.0||1.0||1.5|
|GDP per capita (EUR at PPP)||15200||15700||15600||.||.||.|
|Gross industrial production, real change in %||-1.2||-5.5||-1.8||.||.||.|
|Unemployment rate - LFS, in %, average||13.5||15.9||17.5||17.5||17.5||17.0|
|Average gross monthly wages, EUR||1049||1048||1048||.||.||.|
|Consumer prices, % p.a.||2.2||3.4||2.3||1.5||1.5||1.5|
|Fiscal balance in % of GDP||-7.8||-5.0||-5.5||.||.||.|
|Public debt in % of GDP||51.9||55.8||62.0||.||.||.|
|Current account in % of GDP||-0.9||-0.1||1.3||0.9||0.8||0.7|
|FDI inflow, EUR mn||1091||1055||437||.||.||.|
|Gross external debt in % of GDP||103.8||102.6||105.3||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
CROATIA: Economic recovery further delayed
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 37-39 Details and Buy
Monthly Report No. 11/2013
Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables Details