Croatia

Croatia’s economy continues on its path of recovery, with GDP up by an estimated 2.5% in 2016. Growth is backed by a rise in domestic demand, both household consumption and investments. Investments fuelled by EU-funding and continued private consumption recovery should help to stimulate more robust GDP growth over the biennium 2017-2018. Fiscal consolidation coupled with high public debt will remain the main challenges to sustainable growth.

map Croatia
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons.423642084190...
GDP, real change in %-0.51.62.82.72.8.
GDP per capita (EUR at PPP)161001670017400...
Gross industrial production, real change in %1.22.75.4...
Unemployment rate - LFS, in %, average17.316.312.814.013.0.
Average gross monthly wages, EUR104210581035...
Consumer prices, % p.a.0.2-0.3-0.61.01.0.
Fiscal balance in % of GDP-5.4-3.3-2.5...
Public debt in % of GDP86.686.785.0...
Current account in % of GDP2.15.13.71.91.5.
FDI inflow, EUR mn22811871200...
Gross external debt in % of GDP108.0103.593.8...


Basic data are continuously updated.

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

publication_icon

CROATIA: Economy back on a more stable growth path

Hermine Vidovic
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, , pp. 58-61
Details and Buy

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Monthly Report No. 7-8/2016

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, 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 1 Figure

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