Croatia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.50 0.3 0.7 0.4 0.4 0.5 percent [+]
Unemployment Rate 14.00 12.9 16.1 12.7 12.5 13.2 percent [+]
Inflation Rate -0.50 -0.4 0.1 0.3 0.6 1.7 percent [+]
Interest Rate 2.50 2.5 2.25 2.25 2.5 1.5 percent [+]
Balance of Trade -3973.71 -4429 -4403 -4403 -4404 -4403 HRK Million [+]
Government Debt to GDP 86.70 85.96 86.74 87.52 88.3 92.52 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 6.99 7.11 7.18 7.25 7.32 8.45 [+]
Stock Market 1980.43 1950 1930 1910 1890 1580 points [+]
Government Bond 10Y 3.14 3.06 3.09 3.12 3.15 3.64 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.50 0.3 0.7 0.4 0.4 0.5 percent [+]
GDP Annual Growth Rate 2.90 2.6 2.4 2.1 2.3 2.6 percent [+]
GDP 48.73 51.25 52.69 54.14 44.89 66.64 USD Billion [+]
GDP Constant Prices 81654.00 83310 76126 83724 91959 86513 HRK Million [+]
Gross Fixed Capital Formation 18231.00 16788 15889 17496 17673 19059 HRK Million [+]
GDP per capita 13807.35 13951 13978 14005 14032 14585 USD [+]
GDP per capita PPP 20429.99 20643 20683 20723 20763 21580 USD [+]
GDP From Agriculture 2555.00 2407 1808 2062 2038 1731 HRK Million [+]
GDP From Construction 3603.00 3618 3484 3703 3734 3861 HRK Million [+]
GDP From Manufacturing 10580.00 10720 9983 10700 10706 10809 HRK Million [+]
GDP From Public Administration 11180.00 11054 11135 11214 11121 11171 HRK Million [+]
GDP From Services 15145.00 15470 15519 15503 15508 15507 HRK Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 14.00 12.9 16.1 12.7 12.5 13.2 percent [+]
Employed Persons 1620.00 1596 1591 1624 1622 1609 Thousand [+]
Unemployed Persons 225703.00 247983 256075 237969 232571 241028 [+]
Long Term Unemployment Rate 6.80 7.04 5.9 6.02 6.47 5.59 percent [+]
Youth Unemployment Rate 29.40 29.35 29.35 29.35 29.35 29.35 percent [+]
Labour Costs 99.20 90.39 98.15 98.2 87.81 90.13 Index Points [+]
Productivity 104.90 105 105 105 105 105 Index Points [+]
Job Vacancies 8676.00 11050 11050 11050 11050 11050 [+]
Wages 5624.00 5631 5634 5634 5634 5634 HRK/Month [+]
Wages in Manufacturing 5135.00 5174 5163 5162 5164 5555 HRK/Month [+]
Minimum Wages 414.45 410 410 410 414 423 EUR/Month [+]
Population 4.23 4.22 4.22 4.22 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 -0.40 -0.06 -0.12 -0.07 0.02 -0.05 percent [+]
Employment Rate 57.40 56.39 56.17 57.96 58.18 57.46 percent [+]
Full Time Employment 1499.10 1504 1481 1513 1531 1510 Thousand [+]
Labor Force Participation Rate 51.70 51.73 51.36 51.71 51.86 51.65 percent [+]
Part Time Employment 96.30 87.08 91.85 92.98 89.52 90.96 Thousand [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.50 -0.4 0.1 0.3 0.6 1.7 percent [+]
Inflation Rate Mom 0.40 0.3 0.4 0.4 0.03 0.5 percent [+]
Consumer Price Index CPI 99.50 99.55 99.57 99.53 99.57 99.55 Index Points [+]
Core Consumer Prices 100.14 99.11 98.77 98.25 97.82 94.06 Index Points [+]
Core Inflation Rate -0.80 -0.79 -0.79 -0.79 -0.78 -0.78 percent [+]
Producer Prices 97.70 94.2 94.6 94.9 98.43 111 Index Points [+]
Food Inflation 0.00 0.04 0.12 0.15 0.16 0.18 percent [+]
Cpi Transportation 96.90 96.51 96.48 96.48 96.48 96.48 Index Points [+]
Harmonised Consumer Prices 99.84 100 100 101 101 104 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 2.50 2.5 2.25 2.25 2.5 1.5 percent [+]
Interbank Rate 0.62 0.62 0.62 0.62 0.62 0.62 percent [+]
Money Supply M0 23001.60 24433 25005 25581 26159 34254 HRK Million [+]
Money Supply M1 79315.40 83277 85531 87818 90141 124573 HRK Million [+]
Foreign Exchange Reserves 13038.94 13259 13233 13231 13231 13231 EUR Million [+]
Banks Balance Sheet 396480.20 403694 408340 412775 417140 476940 HRK Million [+]
Loans to Private Sector 31530.40 30546 29671 28883 28174 23412 HRK Million [+]
Deposit Interest Rate 0.00 0 0 0 0 0 percent [+]
Cash Reserve Ratio 12.00 11.91 11.88 11.86 11.83 11.63 percent [+]
Central Bank Balance Sheet 102450.46 104887 104915 104783 104862 104835 HRK Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -3973.71 -4429 -4403 -4403 -4404 -4403 HRK Million [+]
Exports 8073.77 7487 7500 7506 7506 7506 HRK Million [+]
Imports 12047.48 12013 11931 11945 11936 11939 HRK Million [+]
Current Account 152.20 -325 -903 -392 25.4 -351 EUR Million [+]
Current Account to GDP 4.20 3.9 3.9 3.9 3.05 2.96 percent [+]
External Debt 44102.99 44074 44166 44145 44174 44168 EUR Million [+]
Capital Flows 742.60 300 -831 757 2050 488 EUR Million [+]
Remittances 635.60 604 504 612 537 662 EUR Million [+]
Tourist Arrivals 1712635.00 -264642 1499966 1284464 798638 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 83.20 154 117 147 142 142 EUR Million [+]
Terrorism Index 0.06 0.4 0.42 0.45 0.48 0.28 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 86.70 85.96 86.74 87.52 88.3 92.52 percent [+]
Government Budget -3.20 -2.5 -2.5 -2.5 -3.41 -2.5 percent of GDP [+]
Government Budget Value 684.80 -558 -438 -396 -391 -390 HRK Million [+]
Government Spending 16928.00 16816 16076 16818 16190 16791 HRK Million [+]
Government Spending to GDP 46.90 47.91 47.54 47.16 46.78 47.59 percent [+]
Government Revenues 10503.00 9747 9684 9680 9679 9679 HRK Million [+]
Government Debt 288872.10 288276 288604 288923 289231 292337 HRK Million [+]
Fiscal Expenditure 9796.40 9771 9656 9641 9637 9637 HRK Million [+]
Asylum Applications 125.00 97.54 105 97.19 96.6 98.51 persons [+]
Military Expenditure 904.40 913 917 921 930 1086 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 1.80 4.6 4.8 4.8 3.83 1.8 percent [+]
Industrial Production Mom 3.60 0.03 -0.16 -0.08 0.19 0.16 percent [+]
Manufacturing Production 3.50 2.59 2.1 1.51 1.4 1.13 percent [+]
Changes in Inventories 1390.05 1091 1091 1091 1091 1091 HRK Million [+]
Car Registrations 2843.00 2793 2756 2741 2735 2731 Cars [+]
Business Confidence 3.20 3.6 4.3 4.3 3.64 -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 51.29 52.17 52.61 53.06 60.33 [+]
Electricity Production 803.00 987 1096 1076 1042 1050 Gigawatt-hour [+]
Corruption Index 51.00 49.21 49.8 50.39 50.99 56.43 Points [+]
Corruption Rank 50.00 51.51 52 51.9 51.8 44.86 [+]
Mining Production -10.00 -4.99 -4.21 -3.87 -4.07 -4.16 percent [+]
Steel Production 0.01 1.83 3.3 4.26 4.89 6.06 Thousand Tonnes [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Retail Sales MoM 1.20 1 0.3 0.3 0.44 1.1 percent [+]
Retail Sales YoY 5.30 2.9 3 3 5.2 1.5 percent [+]
Consumer Spending 47808.00 48035 45052 47944 45114 47944 HRK Million [+]
Personal Savings 11.49 10.42 11.74 11.66 15.46 11.74 percent [+]
Consumer Credit 47319.30 47401 47413 47413 47413 47413 HRK Million [+]
Bank Lending Rate 4.15 4.15 4.21 4.23 4.23 4.23 percent [+]
Consumer Confidence -16.60 -20.3 -19.8 -19.8 -17.98 -13.9 [+]
Gasoline Prices 1.30 1.28 1.27 1.28 1.28 1.28 USD/Liter [+]
Households Debt To Income 60.29 60.15 60.12 60.1 60.07 60.42 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Home Ownership Rate 90.50 89.02 89.17 89.31 89.45 89.43 percent [+]
Housing Index 90.78 91 91.09 91.14 90.99 91.04 Index Points [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/6/2016