APPENDIX
Balance of Payments (mio USD) and Related Indicators 1993 - 1996
In USD millions

	1993	1994	1995	1996*
Balance of Payments
Current Account Balance	104.0	103.4	-1712.0	-1097.3
Goods	-762.5	-968.9	-2877.2	-2780.0
Services	631.9	737.5	612.7	832.7
Income	-141.3	-124.5	-93.3	-100.0
Transfers	376.0	459.3	645.8	950.0
Financial Account	269.8	583.6	901.7	910.0
Direct & Portf. Invest.	74.3	97.6	80.5	150.0
Other Investment	195.4	486.1	821.2	760.0
Central Bank's Reserves	-449.6	-788.8	-490.2	454,8
Net Errors and Omissions	75.8	101.7	1300.5	642.1
Related Indicators
Real GDP Growth, y.o.y.1)	-0.8%	0.6%	1.7%	5.1%
Manufacturing production, y.o.y	-5.9%	-2.7%	0.3%	3.5%
Central Bank's Int. Reserves, end y.	616.4	1405.0	1895.2	2350.0
Current Account / GDP	0.6%	0.6%	-9.7%	-5.7%
International Debt / GDP**	15.6%	18.5%	20.9%	25.5%
Total Debt Service / Exports***	10.8%	8.5%	10.1%	11.0%
Kuna vs. DEM, end period	3.8	3.6	3.7	3.6
Real Effective Exch. Rate****	-27.4%	7.1%	0.5%	0.0%
Annual Inflation, retail prices	1149.7%	-3.0%	3.7%	3.3%
Ann. Rate of Growth of Base Money	996.3%	109.6%	43.1%	18.6%

^*Author's unofficial projection based upon data for the first six months.
^**Jump in 1996 is due to inclusion of the part of non-allocated debt of former SFRY which Croatia recognized by the agreement with the London Club this year. Ratio refers to end year data.
^***Exports of both goods and services included. Prinicipal and interest payments and arrears included.
^****End-year rate of change of the trade weighted real effective exchange rate. Source: NBC Bulletin, various numbers; author's calculations.

Most Active Shares by Turnover for the Nine Months of 1996 Ended 30 September

In HRK thousands