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ECON FACTBOOK

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Economy of Croatia

Population: 4.3 million in 20131

GDP: $58 billion in 20132

GDP per capita: $13,608 nominal3 ($20,904 PPP4) in 2013

GDP growth rate: -0.9% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities22,91243.2%
Manufacturing8,68516.4%
Wholesale, retail trade, restaurants and hotels8,21215.5%
Transport, storage and communication5,1669.7%
Construction3,1956.0%
Agriculture, hunting, forestry, fishing2,5774.9%
Mining and utilities2,2484.2%
Total value added52,994100%

Employment

Unemployment rate: 17.7% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Manufacturing26117.1%
Wholesale trade, retail trade and repair of motor vehicles20913.7%
Agriculture, forestry and fishing16410.8%
Construction1087.1%
Human health and social work1026.7%
Education1016.6%
Public administration and defence986.4%
Transportation and storage986.5%
Accommodation and food service946.2%
Professional, scientific and technical634.1%
Finance and insurance402.6%
Information and communication362.4%
Other service342.2%
Administrative and support service301.9%
Water supply, sewerage and waste management281.8%
Arts, entertainment and recreation251.7%
Electricity, gas, steam and air conditioning151.0%
Mining and quarrying80.5%
Real estate40.3%
Activities of households as employers30.2%
Not elsewhere classified20.1%
Extraterritorial organizations and bodies20.1%
Total employment1,524100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $95 billion (164% of GDP) in 201410

Household Wealth per Adult: $27,193 in 201410

Gini Coefficient: .32 in 201011

Government

Central Government

Central Government Revenue: $18 billion (31% of GDP) in 201312

Central Government Expenditure: $20 billion (34% of GDP) in 201312

Central Government Budget Balance: -$2 billion (-3% of GDP) in 201312

Central Government Public Debt: $37 billion (64% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 3.50% on Feb 4, 201514

* Public debt calculated using the exchange rate 6.75 HRK = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: 20% in 201415

Monetary Policy

Money Supply (M1): $9.4 billion (16% of GDP) in 2013* 16

Benchmark Interest Rate: Lombard Rate = 5.00% in Oct 201417

Total Reserves: $18 billion (31% of GDP) in 201318

Exchange Rate: 6.75 Croatian Kuna = 1 U.S. Dollar on Feb 4, 201519

Inflation: 2.2% in 201320

* Money supply calculated using the exchange rate 6.75 HRK = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $12 billion (21% of GDP) in 201322

Imports: $21 billion (36% of GDP) in 201322

Trade Balance: -$9 billion (-15% of GDP) in 201322

Foreign Direct Investment Inflow: $588 million (1% of GDP)23

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Dissemination Standards Bulletin Board, Access National Summary Data (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: Tax Foundation (Corporate tax rate) Go back
16. Source: IMF Dissemination Standards Bulletin Board, Access National Summary Data (Money supply) Go back
17. Source: Croatian National Bank , Monetary Policy, Survey of Monetary Policy Instruments (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: Yahoo Finance (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back