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GDP is assumed to decline for the sixth consecutive year in 2014. Public investments are not sufficient to boost economic recovery and private sector enterprises are still in the process of deleveraging. Household consumption is dampened by high unemployment. The recovery expected for 2015 will primarily depend on external demand and an increased absorption of EU funds for project co-financing.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||4283||4269||4254||.||.||.|
|GDP, real change in %||-0.3||-2.2||-0.9||-0.5||0.7||1.5|
|GDP per capita (EUR at PPP)||15400||15700||15700||.||.||.|
|Gross industrial production, real change in %||-1.2||-5.5||-1.8||.||.||.|
|Unemployment rate - LFS, in %, average||13.5||15.9||17.2||17.5||17.5||17.0|
|Average gross monthly wages, EUR||1049||1048||1048||.||.||.|
|Consumer prices, % p.a.||2.2||3.4||2.3||0.5||1.0||1.0|
|Fiscal balance in % of GDP||-7.7||-4.9||-4.9||.||.||.|
|Public debt in % of GDP||51.4||55.6||66.7||.||.||.|
|Current account in % of GDP||-0.9||-0.1||0.9||0.9||0.8||0.7|
|FDI inflow, EUR mn||1072||1068||550||.||.||.|
|Gross external debt in % of GDP||102.6||102.1||104.7||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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
CROATIA: Economic recovery further delayed
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 37-39 Details and Buy