Croatia

Croatia’s economy returned to a stable path of growth in 2016. Prospects are favourable as well, with annual GDP growth of up to 3% until the end of the forecasting period in 2019. The upswing will primarily be driven by a rise in domestic demand, both private consumption and investments. EU funding will play a major role in stimulating investments. Apart from fiscal consolidation, demographic changes will become a major challenge in the future.

map Croatia
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons.423642084190...
GDP, real change in %-0.51.62.92.82.93.0
GDP per capita (EUR at PPP)161001670017500...
Gross industrial production, real change in %1.22.75.4...
Unemployment rate - LFS, in %, average17.316.313.513.012.512.0
Average gross monthly wages, EUR104210581035...
Consumer prices, % p.a.0.2-0.3-0.61.31.61.6
Fiscal balance in % of GDP-5.4-3.3-2.2...
Public debt in % of GDP86.686.784.0...
Current account in % of GDP2.15.13.72.11.50.9
FDI inflow, EUR mn22811871200...
Gross external debt in % of GDP108.0103.595.5...


Basic data are continuously updated.

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

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CROATIA: Robust growth expectations, at last

Hermine Vidovic
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, , pp. 60-64
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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