Croatia

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.

map Croatia
        FORECAST*
Main Economic Indicators201320142015201620172018
Population, 1000 persons.425442364220...
GDP, real change in %-1.1-0.41.51.21.6.
GDP per capita (EUR at PPP)1580016100....
Gross industrial production, real change in %-1.81.22.7...
Unemployment rate - LFS, in %, average17.317.316.516.516.0.
Average gross monthly wages, EUR104810421058...
Consumer prices, % p.a.2.30.2-0.30.51.0.
Fiscal balance in % of GDP-5.4-5.6-4.9...
Public debt in % of GDP80.885.189.2...
Current account in % of GDP1.00.84.60.50.3.
FDI inflow, EUR mn71028961000...
Gross external debt in % of GDP105.6108.4107.1...


Basic data are continuously updated.

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

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CROATIA: Mild recovery

Hermine Vidovic
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, , pp. 69-72
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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,
25 pages including 1 Table and 2 Figures

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