Economy - overview:
Once one of the wealthiest of the Yugoslav republics, Croatia's economy suffered badly during the 1991-95 war as output collapsed and the country missed the early waves of investment in Central and Eastern Europe that followed the fall of the Berlin Wall. Between 2000 and 2007, however, Croatia's economic fortunes began to improve slowly, with moderate but steady GDP growth between 4% and 6% led by a rebound in tourism and credit-driven consumer spending. Inflation over the same period has remained tame and the currency, the kuna, stable. Nevertheless, difficult problems still remain, including a stubbornly high unemployment rate, a growing trade deficit and uneven regional development. The state retains a large role in the economy, as privatization efforts often meet stiff public and political resistance. While macroeconomic stabilization has largely been achieved, structural reforms lag because of deep resistance on the part of the public and lack of strong support from politicians. The EU accession process should accelerate fiscal and structural reform, although the failure to implement such reforms should no longer affect Croatia's accession timeline. Croatia will face significant pressure as a result of the global financial crisis, due to reduced exports and capital inflows. The World Bank expects Croatia to enter a recession in 2012 and has urged the new government to cut spending, particularly on social programs. Croatia's high foreign debt, anemic export sector, strained state budget, and over-reliance on tourism revenue will result in higher risk to economic stability over the medium term.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Croatia on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Croatia Economy 2012 information contained here. All suggestions for corrections of any errors about Croatia Economy 2012 should be addressed to the CIA.
$80.89 billion (2011 est.)
country comparison to the world: 78
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$64.2 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
0.8% (2011 est.)
country comparison to the world: 190
[see also: GDP - real growth rate country ranks ]
$18,300 (2011 est.)
country comparison to the world: 67
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 5.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 24.4%
[see also: GDP - composition by sector - industry country ranks ]
services: 70.1% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
1.721 million (2011 est.)
country comparison to the world: 124
[see also: Labor force country ranks ]
agriculture: 5%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 31.3%
[see also: Labor force - by occupation - industry country ranks ]
services: 63.6% (2008)
[see also: Labor force - by occupation - services country ranks ]
17.9% (2011 est.)
country comparison to the world: 157
[see also: Unemployment rate country ranks ]
17% (2008)
[see also: Population below poverty line country ranks ]
lowest 10%: 3.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 27.5% (2008 est.)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
33.7 (2008)
country comparison to the world: 98
[see also: Distribution of family income - Gini index country ranks ]
21.4% of GDP (2011 est.)
country comparison to the world: 99
[see also: Investment (gross fixed) country ranks ]
revenues: $22.86 billion
[see also: Budget revenues country ranks ]
expenditures: $27.02 billion (2011 est.)
[see also: Budget expenditures country ranks ]
35.6% of GDP (2011 est.)
country comparison to the world: 60
[see also: Taxes and other revenues country ranks ]
-5.1% of GDP (2011 est.)
country comparison to the world: 152
[see also: Budget surplus (+) or deficit (-) country ranks ]
60.5% of GDP (2011 est.)
country comparison to the world: 39
[see also: Public debt country ranks ]
3.2% (2011 est.)
country comparison to the world: 56
[see also: Inflation rate (consumer prices) country ranks ]
9% (31 December 2010 est.)
country comparison to the world: 37
[see also: Central bank discount rate country ranks ]
9.5% (31 December 2011 est.)
country comparison to the world: 92
[see also: Commercial bank prime lending rate country ranks ]
$9.616 billion (31 December 2011 est.)
country comparison to the world: 74
[see also: Stock of narrow money country ranks ]
$45.84 billion (31 December 2011 est.)
country comparison to the world: 69
[see also: Stock of broad money country ranks ]
$54.97 billion (31 December 2011 est.)
country comparison to the world: 64
[see also: Stock of domestic credit country ranks ]
$24.91 billion (31 December 2010)
country comparison to the world: 59
[see also: Market value of publicly traded shares country ranks ]
wheat, corn, sugar beets, sunflower seed, barley, alfalfa, clover, olives, citrus, grapes, soybeans, potatoes; livestock, dairy products
chemicals and plastics, machine tools, fabricated metal, electronics, pig iron and rolled steel products, aluminum, paper, wood products, construction materials, textiles, shipbuilding, petroleum and petroleum refining, food and beverages, tourism
-3.1% (2011 est.)
country comparison to the world: 159
[see also: Industrial production growth rate country ranks ]
11.66 billion kWh (2008 est.)
country comparison to the world: 87
[see also: Electricity - production country ranks ]
16.06 billion kWh (2008 est.)
country comparison to the world: 75
[see also: Electricity - consumption country ranks ]
2.578 billion kWh (2009 est.)
[see also: Electricity - exports country ranks ]
5.073 billion kWh (2009 est.)
[see also: Electricity - imports country ranks ]
23,230 bbl/day (2010 est.)
country comparison to the world: 74
[see also: Oil - production country ranks ]
98,000 bbl/day (2010 est.)
country comparison to the world: 78
[see also: Oil - consumption country ranks ]
45,140 bbl/day (2009 est.)
country comparison to the world: 83
[see also: Oil - exports country ranks ]
103,000 bbl/day (2009 est.)
country comparison to the world: 65
[see also: Oil - imports country ranks ]
1.98 billion cu m (2009 est.)
country comparison to the world: 56
[see also: Natural gas - production country ranks ]
2.853 billion cu m (2009 est.)
country comparison to the world: 74
[see also: Natural gas - consumption country ranks ]
212 million cu m (2009 est.)
country comparison to the world: 43
[see also: Natural gas - exports country ranks ]
1.085 billion cu m (2009 est.)
country comparison to the world: 58
[see also: Natural gas - imports country ranks ]
24.92 billion cu m (1 January 2011 est.)
country comparison to the world: 74
[see also: Natural gas - proved reserves country ranks ]
-$1.027 billion (2011 est.)
country comparison to the world: 126
[see also: Current account balance country ranks ]
$13.3 billion (2011 est.)
country comparison to the world: 81
[see also: Exports country ranks ]
transport equipment, machinery, textiles, chemicals, foodstuffs, fuels
Italy 18.9%, Bosnia and Herzegovina 11.9%, Germany 10.6%, Slovenia 8%, Austria 5.4% (2010)
$21.1 billion (2011 est.)
country comparison to the world: 74
[see also: Imports country ranks ]
machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs
Italy 15.2%, Germany 12.5%, Russia 9%, China 7.2%, Slovenia 5.9%, Austria 4.8% (2010)
$16.29 billion (31 December 2011 est.)
country comparison to the world: 64
[see also: Reserves of foreign exchange and gold country ranks ]
$66.3 billion (31 December 2011 est.)
country comparison to the world: 52
[see also: Debt - external country ranks ]
$33.44 billion (31 December 2011 est.)
country comparison to the world: 60
[see also: Stock of direct foreign investment - at home country ranks ]
$5.942 billion (31 December 2011 est.)
country comparison to the world: 61
[see also: Stock of direct foreign investment - abroad country ranks ]
kuna (HRK) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12