An Overview of the Economy
Croatia has a stable economy and is the most highly developed
economy in South Eastern Europe. The economy's main industry is its
service sector which is currently 60.7% of the total GDP. The
industry sector is made up of shipbuilding, food processing and the
chemical industry. Tourism is very important in the country but it
only contributes to the economy in summer during peak holiday
season. The Croatian economy is expected to continue growing
especially when it enters into the EU.
| Statistics |
|
| GDP (PPP) (IMF) (US$Bilions) |
69.0 |
| GDP (PPP) (CIA) (US$Billions) |
69.4 |
| GDP Growth (IMF) (%) |
5.8% |
| GDP Growth (CIA) (%) |
5.8% |
| GDP Per Capita (PPP) (IMF) (US$) |
15,549 |
| GDP Per Capita (PPP) (CIA) (US$) |
15,500 |
| GDP by Sector (%) |
Agriculture: 7.2%
Services: 60.7%
Industry: 32% |
| Inflation (%) |
3.4% |
| Population Below the Poverty Line (%) |
11% |
| Labour Force (Millions) |
1.7 |
| Labour Force by Occupation (%) |
Agriculture: 2.7%
Services: 64.5%
Industry: 32.8% |
| Unemployment (%) |
11.8% |
| Main Industries |
Chemicals and plastics, machine tools, fabricated
metal, electronics, pig iron and rolled steel products,
aluminium, paper, wood products, construction materials,
textiles, shipbuilding, petroleum and petroleum refining,
food and beverages, tourism. |
Sources: CIA World Factbook, IMF
GDP
| economic indicators |
2003 |
2004 |
2005 |
2006 |
2007 |
| GDP (US$Billions) |
29.6 |
35.7 |
38.9 |
42.9 |
55.0 |
| GDP Growth (%) |
5.2% |
4.3% |
3.7% |
4.3% |
5.6% |
| GDP Per Capita (US$) |
6,663 |
8,030 |
8,753 |
9,664 |
11,576 |
| GDP Per Capita (PPP) (US$) |
8,800 |
10,600 |
11,200 |
12,400 |
15,500 |
| Inflation (%) |
2.2% |
1.8% |
2.5% |
3.3% |
2.2% |
| Unemployment (%) |
21.7% |
19.5% |
13.8% |
18.0% |
11.8% |
| Mobile Phone Users |
1,300,000 |
2,553,000 |
2,553,000 |
2,984,000, |
4,470,000 |
| Internet Users |
480,000 |
1,014,000 |
1,014,000 |
1,400,000 |
1,576,000 |
Sources: CIA World Factbook, IMF
Major Exports & Imports
Croatia mainly trades with other European countries; Italy is
their most important trading partner. Trading between Croatia and
EU members has doubled between 2000 and 2004 due to the new
openings of the EU market in 2000 and 2002. Transport equipment,
textiles and chemicals are the country's main export commodities ,
although Croatian exports count for less than 2% of the total
European exports whilst imports account for less than 3% of the
European total.
major exports 2007
Transport equipment, textiles, chemicals, foodstuffs.
major imports 2007
Machinery, transport and electrical equipment, chemicals, fuels
and lubricants.
| export partners |
% of total |
| Italy |
23.1% |
| Bosnia & Herzegovinia |
12.7% |
| Germany |
10.4% |
| Slovenia |
8.3% |
| Austria |
6.1% |
| import partners |
% of total |
| Italy |
16.7% |
| Germany |
14.5% |
| Russia |
9.7% |
| Slovenia |
6.8% |
| Austria |
5.4% |
| China |
5.3% |
Source: CIA World Factbook
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