Croatia

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.

map Croatia
        FORECAST*
Main Economic Indicators201320142015201620172018
Population, 1000 persons.425442364220...
GDP, real change in %-1.1-0.41.62.02.22.3
GDP per capita (EUR at PPP)158001610016700...
Gross industrial production, real change in %-1.81.22.7...
Unemployment rate - LFS, in %, average17.317.316.316.015.515.0
Average gross monthly wages, EUR104810421058...
Consumer prices, % p.a.2.30.2-0.3-0.51.01.0
Fiscal balance in % of GDP-5.3-5.5-3.2...
Public debt in % of GDP82.286.586.7...
Current account in % of GDP1.00.95.23.42.21.9
FDI inflow, EUR mn7102910128...
Gross external debt in % of GDP105.6108.4103.7...


Basic data are continuously updated.

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

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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

Details

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CROATIA: Slow return to growth

Hermine Vidovic
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, , pp. 67-70
Details and Buy


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