Croatia

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.

map Croatia
        FORECAST*
Main Economic Indicators201220132014201520162017
Population, 1000 persons.426942544245...
GDP, real change in %-2.2-0.9-0.40.31.11.5
GDP per capita (EUR at PPP)157001580015800...
Gross industrial production, real change in %-5.5-1.81.2...
Unemployment rate - LFS, in %, average16.017.317.317.516.516.0
Average gross monthly wages, EUR104810481042...
Consumer prices, % p.a.3.42.30.20.40.51.0
Fiscal balance in % of GDP-5.3-5.4-5.7...
Public debt in % of GDP69.280.685.0...
Current account in % of GDP-0.10.80.70.20.10.0
FDI inflow, EUR mn11097352876...
Gross external debt in % of GDP103.0105.3107.9...


Basic data are continuously updated.

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

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CROATIA: Hope for a reversal of the negative growth trend

Hermine Vidovic
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 53-55
Details and Buy

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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


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