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||4208||.||.||.|
|GDP, real change in %||-1.1||-0.4||1.6||2.0||2.2||2.3|
|GDP per capita (EUR at PPP)||15800||16100||16700||.||.||.|
|Gross industrial production, real change in %||-1.8||1.2||2.7||.||.||.|
|Unemployment rate - LFS, in %, average||17.3||17.3||16.3||16.0||15.5||15.0|
|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||-5.3||-5.5||-3.2||.||.||.|
|Public debt in % of GDP||82.2||86.5||86.7||.||.||.|
|Current account in % of GDP||1.0||2.1||5.1||3.4||2.2||1.9|
|FDI inflow, EUR mn||710||2392||129||.||.||.|
|Gross external debt in % of GDP||105.7||108.5||103.7||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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, July-August 2016
25 pages including 1 Table and 1 Figure
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