Croatia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.70 0.7 0.5 0.6 0.7 0.5 percent [+]
Unemployment Rate 14.40 14.1 13.7 12.5 12.4 11.1 percent [+]
Inflation Rate 0.20 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 -3668.67 -4153 -4129 -4134 -4133 -4133 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 7.00 7.37 7.45 7.52 7.59 8.68 [+]
Stock Market 2096.56 1960 1940 1920 1900 1600 points [+]
Government Bond 10Y 3.05 3.19 3.22 3.26 3.11 3.76 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.70 0.7 0.5 0.6 0.7 0.5 percent [+]
GDP Annual Growth Rate 2.90 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 90407.00 75485 83165 91314 83663 85636 HRK Million [+]
Gross Fixed Capital Formation 17882.00 15889 17496 17673 17780 19059 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 2873.00 1854 2115 2097 2078 1800 HRK Million [+]
GDP From Construction 3581.00 3484 3703 3734 3728 3861 HRK Million [+]
GDP From Manufacturing 10384.00 9983 10700 10706 10829 10809 HRK Million [+]
GDP From Public Administration 11113.00 11135 11214 11121 11108 11171 HRK Million [+]
GDP From Services 20257.00 15519 15503 15508 15507 15507 HRK Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 14.40 14.1 13.7 12.5 12.4 11.1 percent [+]
Employed Persons 1643.00 1595 1629 1630 1606 1615 Thousand [+]
Unemployed Persons 232267.00 242610 230136 227670 234378 233056 [+]
Long Term Unemployment Rate 6.80 5.9 6.02 6.47 5.95 5.59 percent [+]
Youth Unemployment Rate 30.10 29.35 29.35 29.35 29.35 29.35 percent [+]
Labour Costs 84.60 98.15 98.2 87.81 90.08 90.13 Index Points [+]
Productivity 105.10 105 105 105 105 105 Index Points [+]
Job Vacancies 8676.00 11050 11050 11050 11050 11050 [+]
Wages 5642.00 5641 5641 5641 5641 5641 HRK/Month [+]
Wages in Manufacturing 5096.00 5174 5163 5162 5164 5555 HRK/Month [+]
Minimum Wages 414.45 410 410 414 414 423 EUR/Month [+]
Population 4.23 4.24 4.23 4.23 4.22 4.2 Million [+]
Retirement Age Women 61.25 61.25 61.25 61.25 61.25 61.25 [+]
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 57.40 56.17 57.96 58.18 56.82 57.46 percent [+]
Full Time Employment 1499.10 1481 1513 1531 1508 1510 Thousand [+]
Labor Force Participation Rate 51.40 51.36 51.71 51.86 51.62 51.65 percent [+]
Part Time Employment 96.30 91.85 92.98 89.52 89.75 90.96 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.20 0.1 0.3 0.6 0.8 1.7 percent [+]
Inflation Rate Mom -0.20 0.4 0.4 0.03 0.5 0.5 percent [+]
Consumer Price Index CPI 99.40 99.36 99.41 99.43 99.45 99.74 Index Points [+]
Core Consumer Prices 100.70 100 100 101 101 102 Index Points [+]
Core Inflation Rate 0.40 0.56 0.66 0.7 0.73 0.75 percent [+]
Producer Prices 100.00 94.6 94.9 97.2 97 111 Index Points [+]
Food Inflation 1.00 0.6 0.7 0.73 0.75 0.77 percent [+]
Cpi Transportation 98.10 97.39 97.39 97.39 97.39 97.39 Index Points [+]
Harmonised Consumer Prices 99.69 99.91 100 100 101 103 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 0.44 0.54 0.54 0.54 0.54 0.54 percent [+]
Money Supply M0 21994.00 21937 22123 22081 22052 22064 HRK Million [+]
Money Supply M1 78880.60 79056 79080 79075 79076 79076 HRK Million [+]
Foreign Exchange Reserves 13970.55 13782 13756 13759 13760 13760 EUR Million [+]
Banks Balance Sheet 398730.30 406389 410574 414784 419029 473396 HRK Million [+]
Loans to Private Sector 31832.40 30781 30097 29485 28938 25522 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 110025.16 108181 108439 108307 108383 108356 HRK Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -3668.67 -4153 -4129 -4134 -4133 -4133 HRK Million [+]
Exports 8564.80 7759 7752 7752 7753 7753 HRK Million [+]
Imports 12233.47 11701 11717 11712 11716 11715 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 47572.69 44166 44145 44174 44159 44168 EUR Million [+]
Capital Flows 2508.60 -831 757 2050 371 488 EUR Million [+]
Remittances 635.60 504 612 537 613 662 EUR Million [+]
Tourist Arrivals 177978.00 1499966 1284464 798638 1102481 1055397 [+]
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 83.20 117 147 142 143 142 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 1036.30 -438 -396 -391 -390 -390 HRK Million [+]
Government Spending 16265.00 16076 16818 16190 16824 16791 HRK Million [+]
Government Spending to GDP 46.90 47.82 47.85 47.88 47.91 47.59 percent [+]
Government Revenues 9925.70 9684 9680 9679 9679 9679 HRK Million [+]
Government Debt 289110.90 288604 288923 289231 289528 292337 HRK Million [+]
Fiscal Expenditure 9050.90 9656 9641 9637 9637 9637 HRK Million [+]
Asylum Applications 240.00 218 222 223 222 222 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 7.10 4.8 4.8 4.05 3.9 1.8 percent [+]
Industrial Production Mom 3.70 0.03 0.27 0.55 0.36 0.34 percent [+]
Manufacturing Production 6.20 2.1 1.51 1.4 1.29 1.13 percent [+]
Changes in Inventories -9910.07 1091 1091 1091 1091 1091 HRK Million [+]
Car Registrations 2751.00 2756 2741 2735 2733 2731 Cars [+]
Business Confidence 5.10 4.3 4.3 5.39 -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 1315.00 1096 1076 1042 1040 1050 Gigawatt-hour [+]
Corruption Index 51.00 49.78 49.59 49.4 49.21 56.43 Points [+]
Corruption Rank 50.00 51.51 52 51.9 51.8 44.86 [+]
Mining Production -6.20 -5.19 -5.24 -5.59 -5.68 -5.62 percent [+]
Steel Production 0.00 3.3 4.26 4.89 5.3 6.06 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales MoM -1.60 0.3 0.3 0.04 1.2 1.1 percent [+]
Retail Sales YoY 2.70 3 3 3.57 2.4 1.5 percent [+]
Consumer Spending 45241.00 45052 47944 45114 47974 47944 HRK Million [+]
Personal Savings 11.49 11.74 11.66 15.46 10.89 11.74 percent [+]
Consumer Credit 48814.80 47413 47413 47413 47413 47413 HRK Million [+]
Bank Lending Rate 4.45 4.21 4.23 4.23 4.23 4.23 percent [+]
Consumer Confidence -14.90 -19.8 -19.8 -16.1 -16.4 -13.9 [+]
Gasoline Prices 1.35 1.36 1.36 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. 1/21/2017