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 15.40 14.1 13.7 12.5 12.4 11.1 percent [+]
Inflation Rate 0.90 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 -4663.06 -4491 -4455 -4462 -4461 -4461 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 6.98 7.37 7.45 7.52 7.59 8.68 [+]
Stock Market 2243.46 1960 1940 1920 1900 1600 points [+]
Government Bond 10Y 2.72 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 15.40 14.1 13.7 12.5 12.4 11.1 percent [+]
Employed Persons 1643.00 1595 1629 1630 1606 1615 Thousand [+]
Unemployed Persons 244134.00 245460 234581 229894 235677 235460 [+]
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 [+]
Labour Costs 84.60 98.15 98.2 87.81 90.08 90.13 Index Points [+]
Productivity 105.70 106 106 106 106 106 Index Points [+]
Job Vacancies 8676.00 11050 11050 11050 11050 11050 [+]
Wages 5838.00 5820 5821 5822 5822 5822 HRK/Month [+]
Wages in Manufacturing 5375.00 5145 5168 5177 5179 5182 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 0.90 0.1 0.3 0.6 0.8 1.7 percent [+]
Inflation Rate Mom -0.10 0.4 0.4 0.03 0.5 0.5 percent [+]
Consumer Price Index CPI 99.30 99.36 99.4 99.43 99.45 99.74 Index Points [+]
Core Consumer Prices 99.60 100 100 100 101 101 Index Points [+]
Core Inflation Rate 0.50 0.67 0.78 0.83 0.86 0.89 percent [+]
Producer Prices 102.20 100 101 101 102 103 Index Points [+]
Food Inflation 2.50 3 3.42 3.65 3.77 3.88 percent [+]
Cpi Transportation 100.10 97.9 100 101 102 115 Index Points [+]
Harmonised Consumer Prices 99.51 99.54 99.77 99.95 100 102 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 0.38 0.38 0.38 0.38 0.38 0.38 percent [+]
Money Supply M0 22466.50 21937 22123 22081 22052 22064 HRK Million [+]
Money Supply M1 83468.50 79056 79080 79075 79076 79076 HRK Million [+]
Foreign Exchange Reserves 13514.05 13782 13756 13759 13760 13760 EUR Million [+]
Banks Balance Sheet 398730.30 406389 410574 414784 419029 473396 HRK Million [+]
Loans to Private Sector 31342.30 30563 29856 29224 28657 25094 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 106905.01 106420 106718 106506 106627 106584 HRK Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -4663.06 -4491 -4455 -4462 -4461 -4461 HRK Million [+]
Exports 8978.84 8298 8390 8378 8382 8381 HRK Million [+]
Imports 13641.91 12756 12851 12771 12797 12793 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 46428.85 45665 45300 45469 45246 45268 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 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 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 -3215.80 -627 -563 -603 -599 -601 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 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 14.90 4.8 4.8 4.05 3.9 1.8 percent [+]
Industrial Production Mom 3.90 -0.32 -0.01 0.31 0.61 0.5 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 2807.00 2925 3175 3121 3078 3102 Cars [+]
Business Confidence 6.80 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 1163.00 1095 1022 1038 1066 1061 Gigawatt-hour [+]
Corruption Index 51.00 49.78 49.59 49.4 49.21 56.43 Points [+]
Corruption Rank 55.00 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 0.01 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 1.70 0.3 0.3 0.11 1.2 1.1 percent [+]
Retail Sales YoY 5.80 3 3 5.09 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 48919.90 48977 48980 48980 48980 48980 HRK Million [+]
Bank Lending Rate 4.56 4.65 4.64 4.64 4.64 4.64 percent [+]
Consumer Confidence -17.10 -19.8 -19.8 -16.1 -16.4 -13.9 [+]
Gasoline Prices 1.39 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. 2/26/2017