Croatia: Economic Figures
The Croatian economy has a stable functioning market. International Monetary Fund data shows that Croatian GDP stood at 39.567 billion Euro or 8,910 Euro per capita in 2007. The IMF forecast for 2008 is 43.438 billion Euro or 10,710 Euro per capita. In purchasing power parity terms, total GDP was 55.229 billion Euro in 2007, equivalent to 12,440 Euro per capita.
According to Eurostat-data, Croatian GDP per capita stood at 57.5 % of the EU average in 2007, and is forecasted to reach 57.8 % in 2008. Real GDP growth in 2007 was 6.0%. The official unemployment rate was 14.7 % in December 2007.
In 2007, 7.2 % of economic output was accounted for by agriculture, 32.8 % by industry and 60.0 % by the service sector. With an increasing growth rate, the tourism branch is the most important economic sector.
47% of all imported goods in Croatia in the past year (with a total worth of 10.12 billion Euro ) originated from Italy, Germany, Russia and China. The main export markets were Italy, Bosnia and Herzegovina, Germany, and Slovenia, with a combined total share of 52% and worth 5.06 billion Euro.
The VAT rate in Croatia is 22%.
Economic Data |
| ||||
| 2007 | 2008 | 2009F | 2010F | |
GDP growth | 5.5 | 3.7 | 3.7 | 4.5 | |
Unemployment | 9.6 | 13.7 | 14.6 | 15.4 | |
Inflation | 2.8 | 6.9 | 4.8 | 3.5 | |
Kuna/US$ (average) | 5.36 | 4.93 | 5.66 | 5.38 | |
Kuna/Euro average) | 7.33 | 7.22 | 7.48 | 7.45 | |
Lending rate (%) | -8.3 | -8.5 | - | - | |
