In 2015 Croatia’s economy returned to mild growth. The turnaround was backed by a rise in external demand and a modest recovery in household consumption and investments. EU-funded investments and the continuation of private consumption recovery should help to stimulate GDP growth, which, however, will remain relatively weak, 1.7% on average, over the period 2016-2018. Fiscal consolidation coupled with high public debt will remain the main impediments to sustainable growth.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||4254||4236||4220||.||.||.|
|GDP, real change in %||-1.1||-0.4||1.6||1.4||1.8||2.0|
|GDP per capita (EUR at PPP)||15800||16100||16900||.||.||.|
|Gross industrial production, real change in %||-1.8||1.2||2.7||.||.||.|
|Unemployment rate - LFS, in %, average||17.3||17.3||16.3||16.5||16.0||16.0|
|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||-5.4||-5.6||-4.2||.||.||.|
|Public debt in % of GDP||80.8||85.1||86.0||.||.||.|
|Current account in % of GDP||1.0||0.9||5.2||3.4||2.2||1.9|
|FDI inflow, EUR mn||710||2910||128||.||.||.|
|Gross external debt in % of GDP||105.6||108.4||103.7||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 4/2016
Vladimir Gligorov, Isilda Mara, Júlia Varga and Hermine Vidovic
wiiw Monthly Report No. 4, April 2016
43 pages including 1 Table and 27 Figures
CROATIA: Slow return to growth
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 67-70 Details and Buy