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- Economy_of_Croatia abstract "Economy of Croatia is a service-based economy with the tertiary sector accounting for 70% of total gross domestic product (GDP). Croatian economy was badly affected by the Global Financial Crisis, and contracted by 6.9% in 2009, 1.4% in 2010, then showed signs of recovery in 2011 with 0.0% real GDP growth, but contracted again in 2012 by 1.8%. Before the global financial crisis of 2008-09, the Croatian economy grew at a healthy 4-5% annually, incomes doubled, and economic and social opportunities dramatically improved. The prolonged crisis is testing this progress, as well as Croatia’s aspirations, as the country is now entering its sixth year of recession. We estimate that Croatia's real GDP contracted by 0.6% in 2014. This will be its sixth year of recession.Output has now diminished by 13.1% from 2008.That said, the recession will end in the second half of 2015 (according to Standard&Poor's)While this would leave real GDP growth at 0% for the year, we expect it to gradually rise to 1.0% in 2016 and 1.8% in 2018. The recovery in investment would come first before a modest revival in consumption; we foresee Croatia recording its highest growth rate since 2008 during 2015. The general government deficit will remain at 4.9% of GDP in 2015, before gradually shrinking to 3.0% by 2018 (acc. to S&P)NOTE GDP Q4 INFO WILL BE PUBLISHED ON 27.Feb.15'Croatia joined European Union on 1 July 2013, and in spite of the rather slow post-recession recovery, in terms of income per capita it is still ahead of some European Union member states such as Bulgaria, Romania, and Latvia. In terms of average monthly wage, Croatia is ahead of 9 EU members (Czech Republic, Estonia, Slovakia, Latvia, Poland, Hungary, Lithuania, Romania, and Bulgaria). With unemployment rate of 18.3% as of June 2014, Croatia has the third highest unemployment rate in the European Union, after Greece (27%), and Spain (26.8%).The industrial sector with exports of over €1 billion annually is dominated by shipbuilding which accounts for over 10% of exported goods. Food processing and chemical industry also account for significant portions of industrial output and exports. Industrial sector represents 27% of Croatia’s total economic output while agriculture represents 6%. Industrial sector is responsible for 25% of Croatia's GDP, with agriculture, forestry and fishing accounting for the remaining 5% of Croatian GDP.Croatian agricultural sector subsists from exports of blue water fish, which in recent years experienced a tremendous surge in demand, mainly from Japan and South Korea. Croatia is a notable producer of organic foods and much of it is exported to the European Union. Croatian wines, olive oil and lavender are particularly sought after.Tourism is traditionally a notable source of income, particularly during the summer months, but also more recently during the winter months as well, due to an increase in popularity of snow sports such as skiing. With over 10 million foreign tourists annually, tourism generates revenue in excess of €7 billion. Croatia is ranked among the top 20 most popular tourist destinations in the world, and was voted world's top tourism destination in 2005 by Lonely Planet.Trade plays a major role in Croatian economic output. In 2007 Croatia's exports were valued at USD 12.84 billion (24.7 billion including service exports). According to Healy Consultants, trade in Croatia is bolstered by its low trade-weighted average tariff of just 1.2%. Croatia has a stable market economy accompanied by a strong and stable currency, the Kuna.Persistent economic problems still remain and include a rather high unemployment rate (17.5% in 2014), and the slow progress of necessary economic reforms. Of particular concern is the heavily backlogged judiciary system, combined with inefficient public administration, especially regarding the issues of land ownership and corruption in the public sector. Unemployment is regionally uneven: it is very high in eastern and southern parts of the country, nearing 20% in some areas, while relatively low in the north-west and in larger cities, where it is between 3 and 7%. Unemployment has been constantly declining by 5% over the last 7 years.".
- Economy_of_Croatia thumbnail ZagrebSkyline11.jpg?width=300.
- Economy_of_Croatia wikiPageExternalLink 2-25062009-BP-EN.PDF.
- Economy_of_Croatia wikiPageExternalLink croatia-company-registration.
- Economy_of_Croatia wikiPageExternalLink eindex.htm.
- Economy_of_Croatia wikiPageExternalLink en.
- Economy_of_Croatia wikiPageID "5578".
- Economy_of_Croatia wikiPageRevisionID "645701543".
- Economy_of_Croatia aid "1.795E8".
- Economy_of_Croatia averageGrossSalary "8024".
- Economy_of_Croatia averageNetSalary "5558".
- Economy_of_Croatia caption Zagreb.
- Economy_of_Croatia cianame "hr".
- Economy_of_Croatia components "Export".
- Economy_of_Croatia components "Import".
- Economy_of_Croatia components "Investments".
- Economy_of_Croatia components "Private consumption".
- Economy_of_Croatia components "Public consumption".
- Economy_of_Croatia country "Croatia".
- Economy_of_Croatia credit "BBB+".
- Economy_of_Croatia credit "BBB-".
- Economy_of_Croatia currency Croatian_kuna.
- Economy_of_Croatia debt "75.7".
- Economy_of_Croatia edbr "89".
- Economy_of_Croatia expenses "2.0E9".
- Economy_of_Croatia exportGoods "transport equipment, machinery, textiles, chemicals, foodstuffs, fuels".
- Economy_of_Croatia exportPartners "10.6".
- Economy_of_Croatia exportPartners "13.2".
- Economy_of_Croatia exportPartners "14.9".
- Economy_of_Croatia exportPartners "6.8".
- Economy_of_Croatia exportPartners "8.8".
- Economy_of_Croatia exports "$14.04 billion ,".
- Economy_of_Croatia fdi "3.617E10".
- Economy_of_Croatia gdp "$57.283 billion 2013".
- Economy_of_Croatia gdp "$77.9 billion 2013".
- Economy_of_Croatia gdpRank "73".
- Economy_of_Croatia gini "0.31".
- Economy_of_Croatia grossExternalDebt "249800000000".
- Economy_of_Croatia growth "-0.5".
- Economy_of_Croatia hasPhotoCollection Economy_of_Croatia.
- Economy_of_Croatia importGoods "machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs".
- Economy_of_Croatia importPartners "12.9".
- Economy_of_Croatia importPartners "16.7".
- Economy_of_Croatia importPartners "4.5".
- Economy_of_Croatia importPartners "5.9".
- Economy_of_Croatia importPartners "7.1".
- Economy_of_Croatia importPartners "7.6".
- Economy_of_Croatia imports "2.29E10".
- Economy_of_Croatia industries "chemicals and plastics, machine tools, fabricated metal, electronics, pig iron and rolled steel products, aluminium, paper, wood products, construction materials, textiles, shipbuilding, petroleum and petroleum refining, food and beverages, tourism".
- Economy_of_Croatia inflation "0.5".
- Economy_of_Croatia labor "1.677".
- Economy_of_Croatia occupations "agriculture: 2.1%; industry: 29.0%; services: 69.0%".
- Economy_of_Croatia organs European_Union.
- Economy_of_Croatia organs World_Trade_Organization.
- Economy_of_Croatia perCapita "$13,561 $20,904".
- Economy_of_Croatia poverty "18.0".
- Economy_of_Croatia reserves "US $ 16.37 billion".
- Economy_of_Croatia revenue "2.012E10".
- Economy_of_Croatia sectors "agriculture: 4.7%; industry: 33.1; services: 62.2%".
- Economy_of_Croatia unemployment "19.6".
- Economy_of_Croatia width "300".
- Economy_of_Croatia year "Calendar year".
- Economy_of_Croatia subject Category:Economy_of_Croatia.
- Economy_of_Croatia subject Category:World_Trade_Organization_member_economies.
- Economy_of_Croatia type Thing.
- Economy_of_Croatia comment "Economy of Croatia is a service-based economy with the tertiary sector accounting for 70% of total gross domestic product (GDP). Croatian economy was badly affected by the Global Financial Crisis, and contracted by 6.9% in 2009, 1.4% in 2010, then showed signs of recovery in 2011 with 0.0% real GDP growth, but contracted again in 2012 by 1.8%.".
- Economy_of_Croatia label "Economia da Croácia".
- Economy_of_Croatia label "Economia de Croàcia".
- Economy_of_Croatia label "Economy of Croatia".
- Economy_of_Croatia label "Economía de Croacia".
- Economy_of_Croatia label "Wirtschaft Kroatiens".
- Economy_of_Croatia label "Économie de la Croatie".
- Economy_of_Croatia label "Икономика на Хърватия".
- Economy_of_Croatia label "Экономика Хорватии".
- Economy_of_Croatia seeAlso Croatia.
- Economy_of_Croatia seeAlso List_of_Croatian_counties_by_GDP.
- Economy_of_Croatia seeAlso Lists_of_banks.
- Economy_of_Croatia sameAs Wirtschaft_Kroatiens.
- Economy_of_Croatia sameAs Economía_de_Croacia.
- Economy_of_Croatia sameAs Économie_de_la_Croatie.
- Economy_of_Croatia sameAs Economia_da_Croácia.
- Economy_of_Croatia sameAs m.0119pp_r.
- Economy_of_Croatia sameAs Q8067.
- Economy_of_Croatia sameAs Q8067.
- Economy_of_Croatia wasDerivedFrom Economy_of_Croatia?oldid=645701543.
- Economy_of_Croatia depiction ZagrebSkyline11.jpg.
- Economy_of_Croatia isPrimaryTopicOf Economy_of_Croatia.