21, Nov 2009, CST. Welcome to the Croatia economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Croatia › Change country
National or Regional Currency: Kuna, or Hrvatska, HRK
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 4,489,409 (July 2009 est.)
Area: total: 56,542 sq km land: 56,414 sq km water: 128 sq km
Natural Resources: oil, some coal, bauxite, low-grade iron ore, calcium, gypsum, natural asphalt, silica, mica, clays, salt, hydropower
Government Type: Croatia government type
Government Ministers: Croatia ministers
Capital: Zagreb
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Once amongst the wealthiest of the Yugoslav republics, Croatia's economy suffered badly during the 1991-95 war as output collapsed and the nationmissed 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 slower than hoped, with moderate but steady Gross Domestic Product (GDP) growth between 4 per cent and 6 per cent led by a rebound in tourism and transportation and credit-driven consumer spending. Inflation rates over the same period has remained tame and the currency, the kuna, stable. Nevertheless, difficult problems still remain, including a stubbornly high uneployment figures, an expanding trade (imports and exports) deficit and uneven regional development. The state retains a large role in its economy, as privatisation efforts often meet stiff public and political resistance. While economic stabilization has largely been achieved, structural reform lag because of deep resistance on the part of the public and lack of strong support from politicians. The European Union (EU) accession process should accelerate financial and structural reform. While long term prospects for growth for its economy remain strong, Croatia will face marked pressure as a result of the global economic downturn. Croatia's high foreign public debt, anemic export-oriented sector, strained national budget, and over-reliance on tourism and transportation revenue will result in higher risk to economic stability over the medium term.
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GDP (Constant Prices, National Currency) for Croatia in year 2008 is HRK 249.422 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Croatia in year 2008 is 2.359 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Croatia in year 2008 is HRK 342.158 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Croatia in year 2008 is US$ 69.332 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Croatia in year 2008 is 137.18 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Croatia in year 2008 is HRK 56,221.71 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Croatia in year 2008 is HRK 77,125.15 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Croatia in year 2008 is US$ 15,628.07 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Croatia in year 2008 is not available

GDP (PPP), US Dollars for Croatia in year 2008 is US$ 82.272 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Croatia in year 2008 is US$ 18,544.86 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Croatia in year 2008 is 0.105 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Croatia in year 2008 is 4.159 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Croatia in year 2008 is not available

Gross National Savings (% of GDP) for Croatia in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Croatia in year 2008 is 127.498 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Croatia in year 2008 is 6.073 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Croatia in year 2008 is 128.958 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Croatia in year 2008 is 5.8 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Croatia in year 2008 is not available

Unemployment Rate (% of Labour Force) for Croatia in year 2008 is not available

Employment for Croatia in year 2008 is not available

Population for Croatia in year 2008 is 4.436 Million .

General Government Balance (National Currency) for Croatia in year 2008 is not available

General Government Balance (% of GDP) for Croatia in year 2008 is not available

General Government Structural Balance (National Currency) for Croatia in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Croatia in year 2008 is not available

General Government Net Debt (National Currency) for Croatia in year 2008 is not available

General Government Net Debt (% GDP) for Croatia in year 2008 is not available

General Government Gross Debt (National Currency) for Croatia in year 2008 is not available

General Government Gross Debt (% GDP) for Croatia in year 2008 is not available

Current Account Balance (US Dollars) for Croatia in year 2008 is US$ -6.519 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Croatia in year 2008 is -9.403 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.