Croatia:
Economy

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Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition Once one of the wealthiest of the Yugoslav republics, Croatia's economy suffered badly during the 1991-95 war as output collapsed and the country missed the early waves of investment in Central and Eastern Europe that followed the fall of the Berlin Wall. Since 2000, however, Croatia's economic fortunes have begun to improve slowly, with moderate but steady GDP growth between 4% and 6% led by a rebound in tourism and credit-driven consumer spending. Inflation over the same period has remained tame and the currency, the kuna, stable. Nevertheless, difficult problems still remain, including a stubbornly high unemployment rate, a growing trade deficit and uneven regional development. The state retains a large role in the economy, as privatization efforts often meet stiff public and political resistance. While macroeconomic stabilization has largely been achieved, structural reforms lag because of deep resistance on the part of the public and lack of strong support from politicians. The EU accession process should accelerate fiscal and structural reform.
GDP (purchasing power parity)	Definition - World rank and map $68.98 billion (2007 est.)
GDP (official exchange rate)	Definition $51.36 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 5.8% (2007 est.)
GDP - per capita	Definition - World rank and map $15,500 (2007 est.)
GDP - composition by sector	Definition agriculture: 7.2% industry: 31.6% services: 61.2% (2007 est.)
Labor force	Definition 1.749 million (2007 est.)
Labor force - by occupation	Definition agriculture: 2.7% industry: 32.8% services: 64.5% (2004)
Unemployment rate	Definition - World rank and map 11.8% (2007 est.)
Population below poverty line	Definition 11% (2003)
Household income or consumption by percentage share	Definition lowest 10%: 3.4% highest 10%: 24.5% (2003 est.)
Distribution of family income - Gini index	Definition - World rank and map 29 (2001)
Inflation rate (consumer prices)	Definition - World rank and map 2.9% (2007 est.)
Investment (gross fixed)	Definition - World rank and map 30.9% of GDP (2007 est.)
Budget	Definition revenues: $22.57 billion expenditures: $23.92 billion (2007 est.)
Public debt	Definition - World rank and map 47.3% of GDP (2007 est.)
Agriculture - products	Definition wheat, corn, sugar beets, sunflower seed, barley, alfalfa, clover, olives, citrus, grapes, soybeans, potatoes; livestock, dairy products
Industries	Definition chemicals and plastics, machine tools, fabricated metal, electronics, pig iron and rolled steel products, aluminum, paper, wood products, construction materials, textiles, shipbuilding, petroleum and petroleum refining, food and beverages, tourism
Industrial production growth rate	Definition - World rank and map 5.2% (2007 est.)
Electricity - production	Definition - World rank and map 11.99 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 14.97 billion kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 3,333 kWh (2005)
Electricity - exports	Definition 3.634 billion kWh (2005)
Electricity - imports	Definition 8.746 billion kWh (2005)
Oil - production	Definition - World rank and map 27,190 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 99,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 22 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 40,930 bbl/day (2004)
Oil - imports	Definition - World rank and map 109,800 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 69.14 million bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 1.477 billion cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 2.58 billion cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 574 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 1.103 billion cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 27.16 billion cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$4.385 billion (2007 est.)
Exports	Definition - World rank and map $12.02 billion f.o.b. (2007 est.)
Exports - commodities	Definition transport equipment, textiles, chemicals, foodstuffs, fuels
Exports - partners	Definition Italy 19.3%, Bosnia and Herzegovina 13.9%, Germany 10.2%, Slovenia 8.4%, Austria 6.2% (2006)
Imports	Definition - World rank and map $26.54 billion f.o.b. (2007 est.)
Imports - commodities	Definition machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs
Imports - partners	Definition Italy 16.1%, Germany 14.4%, Russia 10.1%, China 6.2%, Slovenia 6%, Austria 5.3% (2006)
Reserves of foreign exchange and gold	Definition - World rank and map $13.67 billion (31 December 2007 est.)
Debt - external	Definition - World rank and map $45.29 billion (30 June 2007)
Stock of direct foreign investment - at home	Definition $23.06 billion (2007 est.)
Stock of direct foreign investment - abroad	Definition $3.07 billion (2007 est.)
Market value of publicly traded shares	Definition $29.01 billion (2006)
Economic aid - recipient	Definition ODA, $125.4 million (2005)
Currency (code)	Definition kuna (HRK)
Exchange rates	Definition kuna per US dollar - 5.3735 (2007), 5.8625 (2006), 5.9473 (2005), 6.0358 (2004), 6.7035 (2003)
Fiscal year	Definition calendar year

Croatia: Economy

Croatia:
Economy