Croatia

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.

map Croatia
        FORECAST*
Main Economic Indicators201320142015201620172018
Population, 1000 persons.425442364208...
GDP, real change in %-1.1-0.51.62.52.72.8
GDP per capita (EUR at PPP)158001610016700...
Gross industrial production, real change in %-1.81.22.7...
Unemployment rate - LFS, in %, average17.317.316.314.514.013.0
Average gross monthly wages, EUR104810421058...
Consumer prices, % p.a.2.30.2-0.3-0.51.01.0
Fiscal balance in % of GDP-5.3-5.4-3.3...
Public debt in % of GDP82.286.686.7...
Current account in % of GDP1.02.15.13.81.91.5
FDI inflow, EUR mn7102393170...
Gross external debt in % of GDP105.7108.6103.8...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

publication_icon

CROATIA: Economy back on a more stable growth path

Hermine Vidovic
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, , pp. 58-61
Details and Buy

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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,
25 pages including 1 Table and 1 Figure

Details


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