Croatia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 0.7 0.5 0.6 0.7 0.5 percent [+]
Unemployment Rate 15.30 14.1 13.7 12.5 12.4 11.1 percent [+]
Inflation Rate 1.40 0.1 0.3 0.6 0.8 1.7 percent [+]
Interest Rate 2.50 2.5 2.25 2.25 2 1.5 percent [+]
Balance of Trade -3332.68 -4136 -4165 -4148 -4150 -4150 HRK Million [+]
Government Debt to GDP 86.70 87.39 86.91 86.44 85.96 92.52 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 6.84 7.08 7.15 7.22 7.36 8.41 [+]
Stock Market 2065.15 2190 2170 2140 2100 1770 points [+]
Government Bond 10Y 2.83 2.77 2.79 2.82 2.85 3.29 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 0.7 0.5 0.6 0.7 0.5 percent [+]
GDP Annual Growth Rate 3.40 2.4 2.1 2.3 2.2 2.6 percent [+]
GDP 48.73 52.69 54.14 47.43 56.69 66.64 USD Billion [+]
GDP Constant Prices 82959.00 77021 78270 78007 78062 78053 HRK Million [+]
Gross Fixed Capital Formation 16983.00 16214 18721 18351 17477 17985 HRK Million [+]
GDP per capita 13807.35 13728 13803 13877 13951 14585 USD [+]
GDP per capita PPP 20429.99 20313 20423 20533 20643 21580 USD [+]
GDP From Agriculture 3190.00 2864 2846 2845 2845 2845 HRK Million [+]
GDP From Construction 3615.00 3497 3719 3707 3733 3876 HRK Million [+]
GDP From Manufacturing 11074.00 10200 10918 10676 11235 11180 HRK Million [+]
GDP From Public Administration 11060.00 11141 11221 11166 11120 11192 HRK Million [+]
GDP From Services 13420.00 14612 14720 14730 14731 14731 HRK Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 15.30 14.1 13.7 12.5 12.4 11.1 percent [+]
Employed Persons 1643.00 1595 1629 1630 1606 1615 Thousand [+]
Unemployed Persons 238934.00 233077 216454 219326 228778 224652 [+]
Long Term Unemployment Rate 5.40 5.9 6.02 6.47 5.95 5.59 percent [+]
Youth Unemployment Rate 28.00 29.35 29.35 29.35 29.35 29.35 percent [+]
Productivity 106.40 106 106 106 106 106 Index Points [+]
Labour Costs 88.70 96.43 93.95 83.46 87.33 86.21 Index Points [+]
Job Vacancies 8676.00 11050 11050 11050 11050 11050 [+]
Wages 5895.00 5875 5877 5877 5877 5877 HRK/Month [+]
Wages in Manufacturing 5285.00 5165 5203 5196 5201 5203 HRK/Month [+]
Minimum Wages 433.35 410 410 433 414 423 EUR/Month [+]
Population 4.19 4.21 4.2 4.19 4.18 4.16 Million [+]
Retirement Age Women 61.90 61.9 61.9 61.9 61.9 62.54 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.20 0.45 0.37 0.31 0.33 0.35 percent [+]
Employment Rate 58.40 56.17 57.96 58.18 56.82 57.46 percent [+]
Full Time Employment 1526.50 1471 1505 1517 1493 1497 Thousand [+]
Labor Force Participation Rate 51.30 50.7 50.98 50.84 50.68 50.76 percent [+]
Part Time Employment 94.70 92.94 95.02 92.72 91.93 93.19 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.40 0.1 0.3 0.6 0.8 1.7 percent [+]
Inflation Rate Mom 0.20 0.4 0.4 0.04 0.5 0.5 percent [+]
Consumer Price Index CPI 99.50 99.62 99.61 99.68 99.72 100 Index Points [+]
Core Consumer Prices 99.60 100 100 100 101 101 Index Points [+]
Core Inflation Rate 0.80 1 1.14 1.23 1.27 1.32 percent [+]
Producer Prices 103.00 100 101 101 102 103 Index Points [+]
Food Inflation 3.40 3.6 4.06 4.38 4.53 4.67 percent [+]
Cpi Transportation 99.80 99.86 99.94 99.96 99.96 99.97 Index Points [+]
Harmonised Consumer Prices 99.70 99.8 100 100 100 103 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 2.50 2.5 2.25 2.25 2 1.5 percent [+]
Interbank Rate 0.37 0.38 0.36 0.36 0.36 0.36 percent [+]
Money Supply M0 22028.20 21961 22115 22151 22123 22124 HRK Million [+]
Money Supply M1 81694.90 80811 81467 81355 81368 81368 HRK Million [+]
Foreign Exchange Reserves 14595.91 14323 14459 14371 14427 14405 EUR Million [+]
Banks Balance Sheet 393044.00 392854 395798 398451 401080 431047 HRK Million [+]
Loans to Private Sector 30946.20 30430 29708 29063 28484 24826 HRK Million [+]
Deposit Interest Rate 0.00 0 0 0 0 0 percent [+]
Cash Reserve Ratio 12.00 11.88 11.86 11.83 11.81 11.63 percent [+]
Central Bank Balance Sheet 112247.87 110498 111338 110807 111069 110983 HRK Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -3332.68 -4136 -4165 -4148 -4150 -4150 HRK Million [+]
Exports 7403.87 7995 8120 8121 8127 8125 HRK Million [+]
Imports 10736.55 12111 12013 11956 11988 11992 HRK Million [+]
Current Account 3344.70 162 115 120 120 120 EUR Million [+]
Current Account to GDP 4.20 3.9 3.9 2.44 2.9 2.96 percent [+]
External Debt 46495.24 45621 45254 45421 45199 45220 EUR Million [+]
Capital Flows 2508.60 -831 757 2050 371 488 EUR Million [+]
Remittances 471.30 501 622 532 623 667 EUR Million [+]
Tourist Arrivals 173851.00 1355574 1361979 985387 1134412 1140966 [+]
Gold Reserves 13.13 13.13 13.13 13.13 13.13 13.13 Tonnes [+]
Crude Oil Production 14.00 13.89 13.89 13.89 13.89 13.89 BBL/D/1K [+]
Foreign Direct Investment 589.20 210 231 233 251 244 EUR Million [+]
Terrorism Index 0.06 0.49 0.46 0.43 0.4 0.28 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 86.70 87.39 86.91 86.44 85.96 92.52 percent [+]
Government Budget -3.20 -2.5 -2.5 -3.99 -4 -2.5 percent of GDP [+]
Government Budget Value 459.70 -501 -473 -486 -493 -497 HRK Million [+]
Government Spending 16883.00 16146 16865 16198 16871 16840 HRK Million [+]
Government Spending to GDP 46.90 47.82 47.85 47.88 47.91 47.59 percent [+]
Government Revenues 9132.40 9469 9495 9496 9496 9496 HRK Million [+]
Government Debt 289110.90 288604 288923 289231 289528 292337 HRK Million [+]
Fiscal Expenditure 11644.10 9865 9921 9844 9862 9864 HRK Million [+]
Asylum Applications 205.00 194 172 204 184 188 persons [+]
Military Expenditure 904.40 913 917 921 930 1086 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 4.00 4.8 4.8 5.57 3.9 1.8 percent [+]
Industrial Production Mom -6.90 -0.56 -1.11 0.19 0.6 0.39 percent [+]
Manufacturing Production 2.50 3.75 5.28 4.73 5.2 5.23 percent [+]
Changes in Inventories 1028.80 584 595 595 595 595 HRK Million [+]
Car Registrations 2591.00 2678 3141 3110 3012 3052 Cars [+]
Business Confidence 6.00 4.3 4.3 7.18 -2 -5 [+]
Competitiveness Index 4.15 4.09 4.09 4.09 4.09 4.1 Points [+]
Competitiveness Rank 74.00 74 74 74 71 64 [+]
Ease of Doing Business 43.00 51.73 52.17 52.61 53.06 60.33 [+]
Electricity Production 1250.00 1125 1015 1022 1062 1059 Gigawatt-hour [+]
Corruption Index 49.00 52 51 50 49 54 Points [+]
Corruption Rank 55.00 51.51 52 51.9 51.8 44.86 [+]
Mining Production -6.30 -6.35 -6.69 -6.92 -6.97 -6.93 percent [+]
Steel Production 0.01 1.75 3.18 4.13 4.76 5.99 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales MoM -2.50 0.3 0.3 -0.25 1.2 1.1 percent [+]
Retail Sales YoY 2.60 3 3 3.36 2.4 1.5 percent [+]
Consumer Spending 49841.00 46681 49101 46129 49358 49271 HRK Million [+]
Personal Savings 11.49 11.74 11.66 15.46 10.89 11.74 percent [+]
Consumer Credit 49389.50 49430 49443 49444 49444 49444 HRK Million [+]
Bank Lending Rate 4.88 4.79 4.81 4.8 4.8 4.8 percent [+]
Consumer Confidence -13.70 -19.8 -19.8 -14.22 -16.4 -13.9 [+]
Gasoline Prices 1.38 1.37 1.35 1.36 1.36 1.36 USD/Liter [+]
Households Debt To Income 60.29 59.87 59.96 60.05 60.15 60.42 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Home Ownership Rate 90.50 89.26 89.18 89.1 89.02 89.43 percent [+]
Housing Index 91.71 91.09 91.14 90.99 91.15 91.04 Index Points [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 47.20 47.2 47.2 47.2 47.2 47.2 percent [+]
Sales Tax Rate 25.00 25 25 25 25 25 percent [+]
Social Security Rate 37.20 37.2 37.2 37.2 37.2 37.2 percent [+]
Social Security Rate For Companies 17.20 17.2 17.2 17.2 17.2 17.2 percent [+]
Social Security Rate For Employees 20.00 20 20 20 20 20 percent [+]





Economic Forecasts for Croatia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Croatia economy. 3/23/2017