Croatia/

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. Between 2000 and 2007, however, Croatia’s economic fortunes began 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. While long term growth prospects for the economy remain strong, Croatia will face significant pressure as a result of the global financial crisis. Croatia’s high foreign debt, anemic export sector, strained state budget, and over-reliance on tourism revenue will result in higher risk to economic stability over the medium term.

$78.52 billion (2010 est.)

$79.64 billion (2009 est.)

$84.54 billion (2008 est.)

$59.92 billion (2010 est.)

-1.4% (2010 est.)

-5.8% (2009 est.)

2.4% (2008 est.)

$17,500 (2010 est.)

$17,700 (2009 est.)

$18,800 (2008 est.)

1.762 million (2010 est.)

17.6% (2010 est.)

16.1% (2009 est.)

17% (2008)

29 (2008)

29 (1998)

22.4% of GDP (2010 est.)

55% of GDP (2010 est.)

46.4% of GDP (2009 est.)

1.3% (2010 est.)

2.4% (2009 est.)

9% (31 December 2009)

9% (31 December 2008)

11.55% (31 December 2009 est.)

10.07% (31 December 2008 est.)

$8.72 billion (31 December 2010 est)

$8.964 billion (31 December 2009 est)

$40.8 billion (31 December 2010 est.)

$42.59 billion (31 December 2009 est.)

$48.62 billion (31 December 2010 est.)

$48.6 billion (31 December 2009 est.)

$25.64 billion (31 December 2009)

$26.79 billion (31 December 2008)

$65.98 billion (31 December 2007)

wheat, corn, sugar beets, sunflower seed, barley, alfalfa, clover, olives, citrus, grapes, soybeans, potatoes; livestock, dairy products

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

-0.9% (2010 est.)

11.49 billion kWh (2008 est.)

18 billion kWh (2008 est.)

5.668 billion kWh (2008 est.)

12.24 billion kWh (2008 est.)

23,960 bbl/day (2009 est.)

106,000 bbl/day (2009 est.)

43,750 bbl/day (2007 est.)

122,100 bbl/day (2007 est.)

73.35 million bbl (1 January 2010 est.)

2.847 billion cu m (2009 est.)

3.205 billion cu m (2009 est.)

695.5 million cu m (2009 est.)

1.22 billion cu m (2009 est.)

30.58 billion cu m (1 January 2010 est.)

-$2.312 billion (2010 est.)

-$3.247 billion (2009 est.)

$11.51 billion (2010 est.)

$10.72 billion (2009 est.)

transport equipment, machinery, textiles, chemicals, foodstuffs, fuels

Italy 19.1%, Bosnia and Herzegovina 12.98%, Germany 11.06%, Slovenia 7.47%, Austria 5.44%, Serbia 5.41% (2009)

$20.93 billion (2010 est.)

$21 billion (2009 est.)

machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs

Italy 15.46%, Germany 13.57%, Russia 9.29%, China 6.83%, Slovenia 5.75%, Austria 5.04% (2009)

$13.79 billion (31 December 2010 est.)

$14.89 billion (31 December 2009 est.)

$59.7 billion (31 December 2010 est.)

$62.41 billion (31 December 2009 est.)

$34.63 billion (31 December 2010 est.)

$32.13 billion (31 December 2009 est.)

$6.334 billion (31 December 2010 est.)

$5.934 billion (31 December 2009 est.)

kuna (HRK) per US dollar - 5.6356 (2010), 5.271 (2009), 4.98 (2008), 5.3735 (2007), 5.8625 (2006)