| People | Croatia |
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Economy - overview:
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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. Since 2000, however, Croatia's economic fortunes have begun 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. |
GDP (purchasing power parity):
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$69.44 billion (2007 est.) |
GDP (official exchange rate):
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$50.96 billion (2007 est.) |
GDP - real growth rate:
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5.6% (2007 est.) |
GDP - per capita (PPP):
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$15,500 (2007 est.) |
GDP - composition by sector:
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agriculture: 7.2%
industry: 32%
services: 60.7% (2007 est.) |
Investment (gross fixed):
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30.8% of GDP (2007 est.) |
Population below poverty line:
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11% (2003) |
Household income or consumption by percentage share:
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lowest 10%: 3.4%
highest 10%: 24.5% (2003 est.) |
Distribution of family income - Gini index:
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29 (2001) |
Inflation rate (consumer prices):
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2.2% (2007 est.) |
Labor force:
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1.714 million (2007 est.) |
Labor force participation rate:
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38.16 % of population |
Labor force - by occupation:
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agriculture: 2.7%
industry: 32.8%
services: 64.5% (2004) |
Unemployment rate:
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11.8% (2007 est.) |
Budget:
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revenues: $22.46 billion
expenditures: $23.85 billion (2007 est.) |
Budget revenues per capita:
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5,001 USD per capita |
Public debt:
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45.6% of GDP (2007 est.) |
Industries:
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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 |
Industrial production growth rate:
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6.5% (2007 est.) |
Electricity - production:
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11.99 billion kWh (2005) |
Electricity - production per capita:
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2,670 kWh per capita |
Electricity - consumption:
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14.97 billion kWh (2005) |
Electricity - consumption - per capita:
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3,333 kWh per capita |
Electricity - exports:
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3.634 billion kWh (2005) |
Electricity - imports:
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8.746 billion kWh (2005) |
Oil - production:
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27,190 bbl/day (2005 est.) |
Oil - production per capita:
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6,054 bbl/day per capita |
Oil - consumption:
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99,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
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8.05 bbl/year per capita |
Oil - exports:
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40,930 bbl/day (2004) |
Oil - imports:
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109,800 bbl/day (2004) |
Oil - proved reserves:
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69.14 million bbl (1 January 2006 est.) |
Natural gas - production:
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1.477 billion cu m (2005 est.) |
Natural gas - production per capita:
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329 cu m per capita |
Natural gas - consumption:
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2.58 billion cu m (2005 est.) |
Natural gas - consumption - per capita:
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575 cu m per capita |
Natural gas - exports:
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0 cu m (2005 est.) |
Natural gas - imports:
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1.103 billion cu m (2005) |
Natural gas - proved reserves:
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27.16 billion cu m (1 January 2006 est.) |
Agriculture - products:
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wheat, corn, sugar beets, sunflower seed, barley, alfalfa, clover, olives, citrus, grapes, soybeans, potatoes; livestock, dairy products |
Current account balance:
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-$3.836 billion (2007 est.) |
Current account balance - per capita:
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-854 USD per capita |
Exports:
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$12.11 billion f.o.b. (2007 est.) |
Exports per capita:
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2,697 USD per capita |
Exports - commodities:
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transport equipment, textiles, chemicals, foodstuffs, fuels |
Exports - partners:
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Italy 23.1%, Bosnia and Herzegovina 12.7%, Germany 10.4%, Slovenia 8.3%, Austria 6.1% (2006) |
Imports:
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$25.78 billion f.o.b. (2007 est.) |
Imports per capita:
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5,740 USD per capita |
Imports - commodities:
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machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs |
Imports - partners:
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Italy 16.7%, Germany 14.5%, Russia 9.7%, Slovenia 6.8%, Austria 5.4%, China 5.3% (2006) |
Reserves of foreign exchange and gold:
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$13.13 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
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2,924 USD per capita |
Debt - external:
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$41.56 billion (30 June 2007) |
Debt - external - per capita:
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9,253 USD per capita |
Stock of direct foreign investment - at home:
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$18.33 billion (2006 est.) |
Stock of direct foreign investment - abroad:
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$2.878 billion (2006 est.) |
Market value of publicly traded shares:
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$29.01 billion (2006) |
Economic aid - donor:
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void |
Economic aid - recipient:
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ODA, $125.4 million (2005) |
Economic aid - recipient per capita:
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28 USD per capita |
Currency (code):
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kuna (HRK) |
Exchange rates:
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kuna per US dollar - 5.3735 (2007), 5.8625 (2006), 5.9473 (2005), 6.0358 (2004), 6.7035 (2003) |
Fiscal year:
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calendar year |
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