| Introduction - Croatia: |
| Location - Croatia: |
| People - Croatia: |
| Government - Croatia: |
| Economy - Croatia: |
Economy overview | Once one of the wealthiest of the Yugoslav republics, Croatias 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, Croatias economic fortunes have begun to improve slowly, with moderate but steady GDP growth between 4% and 5% 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. |
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Gdp purchasing power parity | $60.26 billion (2006 est.) |
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Gdp official exchange rate | $37.42 billion (2006 est.) |
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Gdp real growth rate | 4.6% (2006 est.) |
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Gdp per capita ppp | $13,400 (2006 est.) |
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Gdp composition by sector | agriculture: 6.8%
industry: 30.9%
services: 62.3% (2006 est.) |
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Labor force | 1.72 million (2006 est.) |
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Labor force by occupation | agriculture: 2.7%
industry: 32.8%
services: 64.5% (2004) |
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Unemployment rate | 17.2% official rate; labor force surveys indicate unemployment around 14% (2006 est.) |
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Population below poverty line | 11% (2003) |
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Household income or consumption by percentage share | lowest 10%: 3.4%
highest 10%: 24.5% (2003 est.) |
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Distribution of family income gini index | 29 (2001) |
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Inflation rate consumer prices | 3.4% (2006 est.) |
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Investment gross fixed | 28.5% of GDP (2006 est.) |
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Budget | revenues: $17.78 billion
expenditures: $19.06 billion; including capital expenditures of $NA (2006 est.) |
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Public debt | 56.2% of GDP (2006 est.) |
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Agriculture products | wheat, corn, sugar beets, sunflower seed, barley, alfalfa, clover, olives, citrus, grapes, soybeans, potatoes; livestock, dairy products |
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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 |
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Industrial production growth rate | 5% (2006 est.) |
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Electricity production | 12.95 billion kWh (2004) |
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Electricity consumption | 16.53 billion kWh (2004) |
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Electricity exports | 600 million kWh (2004) |
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Electricity imports | 5.086 billion kWh (2004) |
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Oil production | 20,500 bbl/day (2005 est.) |
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Oil consumption | 93,000 bbl/day (2004 est.) |
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Oil exports | NA bbl/day |
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Oil imports | NA bbl/day |
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Oil proved reserves | 75.28 million bbl (1 January 2005) |
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Natural gas production | 1.64 billion cu m (2004 est.) |
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Natural gas consumption | 2.75 billion cu m (2004 est.) |
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Natural gas exports | 0 cu m (2004 est.) |
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Natural gas imports | 1.11 billion cu m (2004 est.) |
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Natural gas proved reserves | 24.64 billion cu m (1 January 2005 est.) |
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Current account balance | -$2.892 billion (2006 est.) |
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Exports | $11.17 billion f.o.b. (2006 est.) |
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Exports commodities | transport equipment, textiles, chemicals, foodstuffs, fuels |
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Exports partners | Italy 22%, Bosnia and Herzegovina 13.8%, Germany 9.7%, Slovenia 9%, Austria 7.4% (2006) |
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Imports | $21.79 billion f.o.b. (2006 est.) |
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Imports commodities | machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs |
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Imports partners | Italy 16.7%, Germany 15.1%, Russia 8.9%, Austria 6.2%, Slovenia 5%, China 4.7% (2006) |
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Reserves of foreign exchange and gold | $11.07 billion (2006 est.) |
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Debt external | $33.09 billion (30 June 2006 est.) |
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Economic aid recipient | ODA, $166.5 million (2002) |
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Currency code | kuna (HRK) |
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Exchange rates | kuna per US dollar - 5.8625 (2006), 5.9473 (2005), 6.0358 (2004), 6.7035 (2003), 7.8687 (2002) |
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| Communications - Croatia: |
| Transportation - Croatia: |
| Military - Croatia: |
This page was last updated on 16 September, 2007
