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, to measures that would cut jobs, wages, or social benefits. As a result, the country is likely to experience only moderate growth without disciplined fiscal and structural reform.

GDP purchasing power parity - $36.1 billion (2001 est.)

GDP - real growth rate 4% (2001 est.)

GDP - per capita purchasing power parity - $8,300 (2001 est.)

GDP - composition by sector
agriculture: 10%
industry: 33%
services: 57% (2001 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) 5% (2001 est.)

Labor force 1.7 million (2001)

Labor force - by occupation agriculture NA%, industry NA%, services NA%

Unemployment rate 23% (December 2001)

Budget
revenues: $8.6 billion
expenditures: $9 billion, including capital expenditures of $NA (2001 est.)

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 6% (2001)

Electricity - production 10.578 billion kWh (2000)

Electricity - production by source
fossil fuel: 44.76%
hydro: 55.22%
other: 0.02% (2000)
nuclear: 0%

Electricity - consumption 12.638 billion kWh (2000)

Electricity - exports 900 million kWh (2000)

Electricity - imports 3.7 billion kWh (2000)

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

Exports $4.5 billion (f.o.b., 2001)

Exports - commodities transport equipment, textiles, chemicals, foodstuffs, fuels

Exports - partners Italy 24%, Germany 15%, Bosnia and Herzegovina 12%, Slovenia 9%, Austria 5.8% (2001 est.)

Imports $8.4 billion (c.i.f., 2001)

Imports - commodities machinery, transport and electrical equipment, chemicals, fuels and lubricants, foodstuffs

Imports - partners Italy 17%, Germany 16.9%, Slovenia 7.9%, Russia 7.5%, Austria 7% (2001 est.)

Debt - external $11 billion (2001)

Economic aid - recipient $NA

Currency kuna (HRK)

Currency code HRK

Exchange rates kuna per US dollar - 8.452 (January 2002), 8.340 (2001), 8.277 (2000), 7.112 (1999), 6.362 (1998), 6.101 (1997)

Fiscal year calendar year

NOTE: The information regarding Croatia on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Croatia Economy 2002 information contained here. All suggestions for corrections of any errors about Croatia Economy 2002 should be addressed to the CIA.