Croatia: Economy loses steam in the final quarter of 2018. March 1, 2019. The Croatian economy lost traction in the final quarter of last year, according to detailed GDP data released by the Statistical Institute on 1 March, with annual economic growth sliding to 2.3% from 2.8% in the third quarter.
Learn more about the Croatia economy, including the population of Croatia, GDP, facts, trade, business, inflation and other data and analysis on its economy from the Index of Economic Freedom ...
The economy of Croatia is a developed high-income service based economy with the tertiary sector accounting for 60% of total gross domestic product (GDP). After the collapse of socialism, Croatia went through a process of transition to a market-based economy in the 1990s, but its economy suffered badly during the Croatian War of Independence.After the war the economy began to improve, before ...
Croatia experienced an abrupt slowdown in the economy in 2008; economic growth was stagnant or negative in each year between 2009 and 2014, but has picked up since the third quarter of 2014, ending 2017 with an average of 2.8% growth.
Croatia experienced an abrupt slowdown in the economy in 2008 and is slowly recovering; economic growth was stagnant or negative in each year between 2009 and 2014, but has picked up since 2015. Difficult problems still remain including a stubbornly high unemployment rate, uneven regional development, and a challenging investment climate.
For example, Croatia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.
In 1990 Croatia was, with Slovenia and the Czech Republic, among the most developed Central European transition countries. However, its economic development was burdened by significant war damage, estimated at $37.1 billion, which made its transition to a market economy more difficult.
Croatia significantly narrowed its fiscal deficit in 2015-16 and has exited the EU's excessive-deficit procedure. The record performance of the tourism sector, stronger domestic and external demand, and improved absorption of EU funds have improved Croatia's growth outlook.
Croatia became the 28th member of the EU on July 1, 2013. To prepare, the government had strived to boost economic competitiveness and ensure Croatians enjoy sustainable improvements in their quality of life—a difficult task given the current external environment.
The Gross Domestic Product (GDP) in Croatia was worth 54.85 billion US dollars in 2017. The GDP value of Croatia represents 0.09 percent of the world economy. GDP in Croatia averaged 38.74 USD Billion from 1990 until 2017, reaching an all time high of 70.48 USD Billion in 2008 and a record low of 10.28 USD Billion in 1992. The gross domestic product (GDP) measures of national income and output ...