Main macroeconomic indicators

Published: 31/1/2015 Modified: 21/7/2017

Main macroeconomic indicators are a brief and clear table overview of key annual macroeconomic indicators of the Croatian economy over a longer period.

  2013 2014 2015 2016 2017
Area (square km) 56,594 56,594 56,594 56,594 56,594
Population (million) a 4.256 4.238 4.204 4.174 4.125
GDP (million HRK, current prices) b 331,374 331,266 338,975 349,410 363,310
GDP (million EUR, current prices)  43,754 43,416 44,546 46,406 48,700
GDP per capita (in EUR)   10,281 10,254 10,596 11,118 11,806
GDP - year-on-year rate of growth (in %, constant prices)  –0.6 –0.1 2.3 3.2 2.8
Average CPI year-on-year inflation rate  2.2 –0.2 –0.5 –1.1 1.1
Current account balance (million EUR) c 414 858 2,019 1,209 1,904
Current account balance (as of % GDP)  0.9 2.0 4.5 2.6 3.9
Exports of goods and services (as of % GDP)  42.9 45.3 48.2 49.1 51.5
Imports of goods and services (as of % GDP)  42.5 43.4 45.9 46.2 49.2
External debt (million EUR, end of year) c 45,803 46,416 45,384 41,668 40,069
External debt (as of % GDP)  104.7 106.9 101.9 89.8 82.3
External debt (as of % exports of goods and services)  244.1 235.9 211.4 182.9 159.8
External debt service (as % of exports of goods and services) d 41.0 44.1 42.5 34.4 32.1
Gross international reserves (million EUR, end of year) 12,908 12,688 13,707 13,514 15,706
Gross international reserves (in terms of months of imports of goods and services, end of year) 8.3 8.1 8.0 7.6 7.9
National currency: kuna (HRK)           
Exchange rate on 31 December (HRK : 1 EUR) 7.6376 7.6615 7.6350 7.5578 7.5136
Exchange rate on 31 December  (HRK : 1 USD) 5.5490 6.3021 6.9918 7.1685 6.2697
Average exchange rate (HRK : 1 EUR)  7.5735 7.6300 7.6096 7.5294 7.4601
Average exchange rate (HRK : 1 USD)  5.7059 5.7493 6.8623 6.8037 6.6224
Consolidated general government net lending (+)/borrowing (-) (million HRK) e –17,517 –17,033 –11,210 –3,155
Consolidated general government net lending (+)/borrowing (-) (as % of GDP) e –5.3 –5.1 –3.3 –0.9
General government debt (as % of GDP) e 80.5 84.0 83.8 80.6 78.0
Unemployment rate (ILO, persons above 15 years of age) f 17.3 17.3 16.2 13.1 11.2
Employment rate (ILO, persons above 15 years of age) f 42.1 43.3 44.2 44.6 45.8

a The population estimate of the Republic of Croatia for 2000 is based on the 2001 Census and that for the 2001 – 2016 period on the 2011 Census. Data for 2017 are preliminary.
b The GDP data are presented according to the ESA 2010 methodology. Data for 2016 are preliminary.
c Balance of payments and external debt data are compiled in accordance with the methodology prescribed by the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) and the new sector classification of institutional units in line with ESA 2010. Balance of payments and external debt data are based on the most recent available balance of payments data up to the fourth quarter of 2017 and data on the gross external debt position as at the end of December 2017.

d Includes principal payments on bonds, long-term trade credits and long-term loans (excluding liabilities to affiliated enterprises), as well as total interest payments (including FISIM), without interest payments on direct investment.

e Fiscal data is shown according to the ESA 2010 methodology.
f Data for the 2007 – 2013 period are revised and therefore no longer comparable to data for the 2000 – 2006 period.

Sources: CBS, MoF and CNB.