Main macroeconomic indicators

Published: 31/1/2015 Modified: 11/10/2019

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

  2014 2015 2016 2017 2018
Area (square km) 56,594 56,594 56,594 56,594 56,594
Population (million) a 4.238 4.204 4.174 4.125 4.089
GDP (million HRK, current prices) b 331,570 339,616 351,349 365,643 381,799
GDP (million EUR, current prices)  43,456 44,630 46,664 49,013 51,496
GDP per capita (in EUR)   10,254 10,616 11,180 11,882 12,594
GDP - year-on-year rate of growth (in %, constant prices)  –0.1 2.4 3.5 2.9 2.6
Average CPI year-on-year inflation rate  –0.2 –0.5 –1.1 1.1 1.5
Current account balance (million EUR) c 111 1,452 994 1,679 987
Current account balance (as of % GDP)  0.3 3.3 2.1 3.4 1.9
Exports of goods and services (as of % GDP)  43.3 46.4 47.7 50.2 50.7
Imports of goods and services (as of % GDP)  43.7 46.1 46.5 49.5 51.5
External debt (million EUR, end of year) c 49,095 48,230 44,714 43,683 42,710
External debt (as of % GDP)  113.0 108.1 95.8 89.1 82.9
External debt (as of % exports of goods and services)  260.9 232.7 201.0 177.5 163.7
External debt service (as % of exports of goods and services) d 46.3 44.0 35.7 33.1 27.1
Gross international reserves (million EUR, end of year) 12,688 13,707 13,514 15,706 17,438
Gross international reserves (in terms of months of imports of goods and services, end of year) 8.0 8.0 7.5 7.8 7.9
National currency: kuna (HRK)           
Exchange rate on 31 December (HRK : 1 EUR) 7.6615 7.6350 7.5578 7.5136 7.4176
Exchange rate on 31 December  (HRK : 1 USD) 6.3021 6.9918 7.1685 6.2697 6.4692
Average exchange rate (HRK : 1 EUR)  7.6300 7.6096 7.5294 7.4601 7.4141
Average exchange rate (HRK : 1 USD)  5.7493 6.8623 6.8037 6.6224 6.2784
Consolidated general government net lending (+)/borrowing (-) (million HRK) e –17,033 –10,829 –3,440 2,889 758
Consolidated general government net lending (+)/borrowing (-) (as % of GDP) e –5.1 –3.2 –1.0 0.8 0.2
General government debt (as % of GDP) e 84.7 84.4 80.9 78.2 74.9
Unemployment rate (ILO, persons above 15 years of age) f 17.3 16.2 13.1 11.2 8.4
Employment rate (ILO, persons above 15 years of age) f 43.3 44.2 44.6 45.8 46.9

a The population estimate of the Republic of Croatia for 2000 is based on the 2001 Census and that for the 2001 – 2017 period on the 2011 Census. Data for 2018 are preliminary.
b The GDP data are presented according to the ESA 2010 methodology. Data for 2017 and 2018 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 second quarter of 2019 and data on the gross external debt position as at the end of July 2019.

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.