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The Croatian economy will return to a slightly positive growth path in 2015. Some acceleration of economic activity is expected over the 2016-2017 period on account of external demand and a recovery of domestic demand, particularly investments fuelled by EU funds. Private consumption will remain subdued due to persistent high unemployment and continued household deleveraging which will last over the entire forecasting period. The continued fiscal consolidation remains a downside risk.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||4269||4254||4236||.||.||.|
|GDP, real change in %||-2.2||-0.9||-0.4||0.4||1.2||1.6|
|GDP per capita (EUR at PPP)||15700||15800||15900||.||.||.|
|Gross industrial production, real change in %||-5.5||-1.8||1.2||.||.||.|
|Unemployment rate - LFS, in %, average||16.0||17.3||17.3||17.5||16.5||16.0|
|Average gross monthly wages, EUR||1048||1048||1042||.||.||.|
|Consumer prices, % p.a.||3.4||2.3||0.2||0.4||1.0||1.4|
|Fiscal balance in % of GDP||-5.3||-5.4||-5.7||.||.||.|
|Public debt in % of GDP||69.2||80.6||85.0||.||.||.|
|Current account in % of GDP||-0.1||0.8||0.7||0.9||0.5||0.0|
|FDI inflow, EUR mn||1112||766||2899||.||.||.|
|Gross external debt in % of GDP||103.0||105.4||108.2||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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, July-August 2015
25 pages including 1 Table and 2 Figures
CROATIA: Hope for a reversal of the negative growth trend
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 53-55 Details and Buy