| Economy | Croatia |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
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. While long term growth prospects for the economy remain strong, Croatia will face significant pressure as a result of the global financial crisis. 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):
|
$78.98 billion (2009 est.)
$83.57 billion (2008 est.)
$81.61 billion (2007 est.)
note: data are in 2009 US dollars |
GDP - per capita (PPP):
|
$17,600 (2009 est.)
$18,600 (2008 est.)
$18,200 (2007 est.)
note: data are in 2009 US dollars |
GDP (official exchange rate):
|
$61.72 billion (2009 est.) |
GDP - real growth rate:
|
-5.5% (2009 est.)
2.4% (2008 est.)
5.5% (2007 est.) |
GDP - composition by sector:
|
agriculture: 6.2%
industry: 28.1%
services: 65.7% (2009 est.) |
Investment (gross fixed):
|
25.3% of GDP (2009 est.) |
Population below poverty line:
|
11% (2003) |
Household income or consumption by percentage share:
|
lowest 10%: 3.6%
highest 10%: 23.1% (2005 est.) |
Distribution of family income - Gini index:
|
29 (2008)
29 (1998) |
Inflation rate (consumer prices):
|
2.5% (2009 est.)
6.1% (2008 est.) |
Central bank discount rate:
|
9% (31 December 2008)
9% (31 December 2007) |
Commercial bank prime lending rate:
|
10.07% (31 December 2008) |
Stock of money:
|
$10.71 billion (31 December 2008)
$11.61 billion (31 December 2007) |
Stock of money - per capita:
|
2,386 USD per capita |
Stock of quasi money:
|
$33.17 billion (31 December 2008)
$31.86 billion (31 December 2007) |
Stock of quasi money - per capita:
|
7,389 USD per capita |
Stock of domestic credit:
|
$49.79 billion (31 December 2008)
$45.7 billion (31 December 2007) |
Stock of domestic credit - per capita:
|
11,091 USD per capita |
Labor force:
|
1.773 million (2009 est.) |
Labor force participation rate:
|
39.49 % of population |
Labor force - by occupation:
|
agriculture: 5%
industry: 31.3%
services: 63.6% (2008) |
Unemployment rate:
|
15.2% (2009 est.)
13.7% (2008 est.) |
Budget:
|
revenues: $22.77 billion
expenditures: $25.09 billion (2009 est.) |
Budget revenues per capita:
|
5,072 USD per capita |
Public debt:
|
47.7% of GDP (2009 est.)
42.7% of GDP (2008 est.) |
Industries:
|
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:
|
-3.9% (2009 est.) |
Electricity - production:
|
11.47 billion kWh (2007 est.) |
Electricity - production per capita:
|
2,555 kWh per capita |
Electricity - consumption:
|
15.42 billion kWh (2007 est.) |
Electricity - consumption - per capita:
|
3,435 kWh per capita |
Electricity - exports:
|
2.14 billion kWh (2008 est.) |
Electricity - imports:
|
8.249 billion kWh (2008 est.) |
Oil - production:
|
22,200 bbl/day (2008 est.) |
Oil - production per capita:
|
4,945 bbl/day per capita |
Oil - consumption:
|
105,000 bbl/day (2008 est.) |
Oil - consumption - per capita:
|
8.54 bbl/year per capita |
Oil - exports:
|
43,750 bbl/day (2007 est.) |
Oil - imports:
|
122,100 bbl/day (2007 est.) |
Oil - proved reserves:
|
79.3 million bbl (1 January 2009 est.) |
Natural gas - production:
|
1.58 billion cu m (2008 est.) |
Natural gas - production per capita:
|
352 cu m per capita |
Natural gas - consumption:
|
2.84 billion cu m (2008 est.) |
Natural gas - consumption - per capita:
|
633 cu m per capita |
Natural gas - exports:
|
310 million cu m (2007 est.) |
Natural gas - imports:
|
1.26 billion cu m (2008 est.) |
Natural gas - proved reserves:
|
30.58 billion cu m (1 January 2009 est.) |
Agriculture - products:
|
wheat, corn, sugar beets, sunflower seed, barley, alfalfa, clover, olives, citrus, grapes, soybeans, potatoes; livestock, dairy products |
Current account balance:
|
$-3.672 billion (2009 est.)
$-6.397 billion (2008 est.) |
Current account balance - per capita:
|
-817 USD per capita |
Exports:
|
$10.05 billion (2009 est.)
$14.36 billion (2008 est.) |
Exports per capita:
|
2,239 USD per capita |
Exports - commodities:
|
transport equipment, machinery, textiles, chemicals, foodstuffs, fuels |
Exports - partners:
|
Italy 18.9%, Bosnia and Herzegovina 15.3%, Germany 10.7%, Slovenia 7.7%, Austria 5.7% (2008) |
Imports:
|
$20.47 billion (2009 est.)
$30.42 billion (2008 est.) |
Imports per capita:
|
4,560 USD per capita |
Imports - commodities:
|
machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs |
Imports - partners:
|
Italy 17.1%, Germany 13.4%, Russia 10.5%, China 6.1%, Slovenia 5.6%, Austria 4.9% (2008) |
Reserves of foreign exchange and gold:
|
$12.3 billion (31 December 2009 est.)
$12.96 billion (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
|
2,740 USD per capita |
Debt - external:
|
$55.5 billion (31 December 2009 est.)
$54.79 billion (31 December 2008 est.) |
Debt - external - per capita:
|
12,363 USD per capita |
Stock of direct foreign investment - at home:
|
$29.6 billion (31 December 2009 est.)
$27.17 billion (31 December 2008 est.) |
Stock of direct foreign investment - at home - per capita:
|
6,594 USD per capita |
Stock of direct foreign investment - abroad:
|
$3.543 billion (31 December 2009 est.)
$3.343 billion (31 December 2008 est.) |
Stock of direct foreign investment - abroad - per capita:
|
790 USD per capita |
Market value of publicly traded shares:
|
$26.79 billion (31 December 2008)
$65.98 billion (31 December 2007)
$29.01 billion (31 December 2006) |
Market value of publicly traded shares - per capita:
|
5,968 USD per capita |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$125.4 million |
Economic aid - recipient per capita:
|
28 USD per capita |
Currency (code):
|
kuna (HRK) |
Exchange rates:
|
kuna (HRK) per US dollar - 5.4331 (2009), 4.98 (2008), 5.3735 (2007), 5.8625 (2006), 5.9473 (2005) |
Fiscal year:
|
calendar year |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
