Croatia

The economy will grow by 2.9% in 2019, an improvement the last year, mainly due to the strengthening of domestic demand (both consumption and investment). Assuming a deterioration of the external environment, domestic demand should remain the main driver of growth in 2020-21. The goal of adopting the euro will be an incentive to continue fiscal consolidation.

map Croatia
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons417241304091...
GDP, real change in %3.53.12.72.92.72.7
GDP per capita (EUR at PPP)178001850019500...
Gross industrial production, real change in %5.31.4-1.0...
Unemployment rate - LFS, in %, average13.111.28.56.56.05.5
Average gross monthly wages, EUR102910791139...
Consumer prices, % p.a.-0.61.31.61.01.51.5
Fiscal balance in % of GDP-1.10.80.3...
Public debt in % of GDP81.078.074.7...
Current account in % of GDP2.13.41.90.60.20.1
FDI inflow, EUR mn356462995...
Gross external debt in % of GDP95.989.082.7...


Basic data are continuously updated.

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

publication_icon

CROATIA: Aiming at euro accession

Hermine Vidovic
in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 56-59
Details and Buy

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


top