Croatia

The collapse of Agrokor will impact Croatia’s economy in 2017. Thus, we expect lower GDP growth (2.7%) than last year, followed by an improvement to about 3% p.a. in 2018-2019 driven primarily by domestic demand. Investments will be spurred by transfers from the EU budget, while household consumption should benefit from a further improvement in the labour market. The ongoing political instability poses a downside risk.

map Croatia
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons423642084172...
GDP, real change in %-0.52.23.02.72.93.0
GDP per capita (EUR at PPP)161001690017300...
Gross industrial production, real change in %1.22.75.3...
Unemployment rate - LFS, in %, average17.316.213.113.012.512.0
Average gross monthly wages, EUR104210581029...
Consumer prices, % p.a.0.2-0.3-0.61.31.61.6
Fiscal balance in % of GDP-5.4-3.4-0.8...
Public debt in % of GDP86.686.383.7...
Current account in % of GDP2.04.62.52.32.32.0
FDI inflow, EUR mn22971961694...
Gross external debt in % of GDP108.0103.090.9...


Basic data are continuously updated.

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

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Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures

Details

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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, March 2017 , pp. 60-64
Details and Buy


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