Croatia

For 2019 GDP is expected to grow by 2.9% and to moderate slightly over the forecast horizon. Growth will be supported primarily by domestic demand fuelled by rising wages and employment. Revenues from tourism are expected to remain robust, but probably below the levels reached in the past couple of years, due to the return of competition especially from Turkey. The current account should remain in positive territory, but declining gradually.

map Croatia
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons417241304100...
GDP, real change in %3.52.92.62.92.72.7
GDP per capita (EUR at PPP)179001850019400...
Gross industrial production, real change in %5.31.4-1.0...
Unemployment rate - LFS, in %, average13.111.28.57.57.06.5
Average gross monthly wages, EUR102910791139...
Consumer prices, % p.a.-0.61.31.61.81.81.5
Fiscal balance in % of GDP-1.00.80.2...
Public debt in % of GDP80.577.874.6...
Current account in % of GDP2.53.52.52.01.60.8
FDI inflow, EUR mn3725281002...
Gross external debt in % of GDP89.382.275.5...


Basic data are continuously updated.

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

publication_icon

Monthly Report No. 6/2019

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure

Details

publication_icon

CROATIA: Weaker growth momentum

Hermine Vidovic
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 76-79
Details and Buy


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