Economy Of Croatia - Croatia Information

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Economy Of Croatia
Croatia Information - Country Guides

Economy overview	Before the dissolution of Yugoslavia, the Republic of Croatia, after Slovenia, was the most prosperous and industrialized area, with a per capita output perhaps one-third above the Yugoslav average. The economy emerged from its mild recession in 2000 with tourism the main factor, but massive structural unemployment remains a key negative element. The government's failure to press the economic reforms needed to spur growth is largely the result of coalition politics and public resistance, particularly from the trade unions. Opponents fear reforms would cut jobs, wages, and social benefits. The government has a heavy back log of civil cases, many involving tenure land. The country is likely to experience only moderate growth without disciplined fiscal and structural reform.
GDP	purchasing power parity - $47.05 billion (2004 est.)
GDP - real growth rate	4.3% (2004 est.)
GDP - per capita	purchasing power parity - $10,600 (2004 est.)
GDP - composition by sector	agriculture: 7.9% industry: 30% services: 62.1% (2004 est.)
Investment gross fixed	27.7% of GDP (2004 est.)
Population below poverty line	NA
Household income or consumption by percentage share	lowest 10%: 3.7% highest 10%: 23.3% (1998)
Distribution of family income - Gini index	29 (1998)
Inflation rate consumer prices	1.8% (2004 est.)
Labor force	1.69 million (2004 est.)
Labor force by occupation	agriculture 13.2%, industry 25.4%, services 46.4% (2002)
Unemployment rate	19.5% (2004 est.)
Budget	revenues: $12.76 billion expenditures: $14.31 billion, including capital expenditures of na (2004 est.)
Public debt	69.1% of GDP (2004 est.)
Agriculture products	wheat, corn, sugar beets, sunflower seed, barley, alfalfa, clover, olives, citrus, grapes, soybeans, potatoes; livestock, dairy products
Industries	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	3.9% (2004 est.)
Electricity production	12.12 billion kWh (2001)
Electricity production by source	fossil fuel: 33.6% hydro: 66% other: 0.4% (2001) nuclear: 0%
Electricity consumption	14.27 billion kWh (2001)
Electricity exports	386 million kWh (2001)
Electricity imports	3.386 billion kWh (2001)
Oil production	29,000 bbl/day (2004 est.)
Oil consumption	89,000 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves	93.6 million bbl (1 January 2002)
Natural gas production	1.76 billion cu m (2001 est.)
Natural gas consumption	2.84 billion cu m (2001 est.)
Natural gas exports	0 cu m (2001 est.)
Natural gas imports	1.08 billion cu m (2001 est.)
Natural gas proved reserves	34.36 billion cu m (1 January 2002)
Current account balance	$-2.039 billion (2004 est.)
Exports	$6.355 billion f.o.b. (2004 est.)
Exports commodities	transport equipment, textiles, chemicals, foodstuffs, fuels
Exports partners	Italy 26.1%, Bosnia and Herzegovina 14.6%, Germany 12%, Slovenia 8.3%, Austria 7.9% (2003)
Imports	$12.86 billion f.o.b. (2003 est.)
Imports commodities	machinery, transport and electrical equipment, chemicals, fuels and lubricants, foodstuffs
Imports partners	Italy 17.9%, Germany 15.7%, Slovenia 7.4%, Austria 6.6%, France 5.3%, Russia 4.7% (2003)
Reserves of foreign exchange gold	$8.191 billion (2004 est.)
Debt external	$23.56 billion (2004 est.)
Economic aid recipient	ODA $66 million (2000)
Currency	kuna (HRK)
Currency code	HRK
Exchange rates	kuna per US dollar - 6.7035 (2003), 7.8687 (2002), 8.34 (2001), 8.2766 (2000), 7.1124 (1999)
Fiscal year	calendar year

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Economy Of CroatiaCroatia Information - Country Guides

Economy Of Croatia
Croatia Information - Country Guides