After six years of contraction, Croatia’s economy has returned to a growth pattern. The turnaround has been backed by rising external demand and a mild recovery in household consumption and investments. GDP growth is expected to firm up over the years to come, fuelled primarily by EU-funded investments. Fiscal consolidation and deleveraging on the part of enterprises are the major obstacles to sustainable growth.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||4269||4254||4236||.||.||.|
|GDP, real change in %||-2.2||-1.1||-0.4||0.7||1.2||1.6|
|GDP per capita (EUR at PPP)||16000||16100||16000||.||.||.|
|Gross industrial production, real change in %||-5.5||-1.8||1.2||.||.||.|
|Unemployment rate - LFS, in %, average||16.0||17.3||17.3||17.0||16.5||16.0|
|Average gross monthly wages, EUR||1048||1048||1042||.||.||.|
|Consumer prices, % p.a.||3.4||2.3||0.2||-0.3||0.5||1.0|
|Fiscal balance in % of GDP||-5.3||-5.4||-5.6||.||.||.|
|Public debt in % of GDP||69.2||80.8||85.1||.||.||.|
|Current account in % of GDP||-0.1||1.0||0.8||1.0||0.5||0.3|
|FDI inflow, EUR mn||1133||703||2893||.||.||.|
|Gross external debt in % of GDP||103.0||105.6||108.4||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
CROATIA: Mild recovery
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 69-72 Details and Buy
Monthly Report No. 7-8/2015
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures