Main macroeconomic indicators

Published: 31/1/2015 Modified: 12/6/2020

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

2019

Area (square km)

56.594

56.594

56.594

56.594

56.594

56.594

Population (million) a

4,238

4,204

4,174

4,125

4,089

4,067

GDP (million HRK, current prices) b

331.343

339.696

351.169

366.426

382.965

400.102

GDP (million EUR, current prices)

43.426

44.640

46.640

49.118

51.654

53.969

GDP per capita (in EUR)

10.247

10.619

11.174

11.907

12.632

13.270

GDP - year-on-year rate of growth (in %, constant prices)

-0,1

2,4

3,5

3,1

2,7

2,9

Average CPI year-on-year inflation rate

-0,2

-0,5

-1,1

1,1

1,5

0,8

Current account balance (million EUR) c

111

1.452

994

1.679

982

1.571

Current account balance (as of % GDP)

0,3

3,3

2,1

3,4

1,9

2,9

Exports of goods and services (as of % GDP)

43,3

46,4

47,7

50,1

50,5

52,1

Imports of goods and services (as of % GDP)

43,7

46,1

46,5

49,4

51,3

52,2

External debt (million EUR, end of year) c

49.095

48.230

44.714

43.683

42.710

40.877

External debt (as of % GDP)

113,1

108,0

95,9

88,9

82,7

75,7

External debt (as of % exports of goods and services)

260,9

232,7

201,0

177,5

163,6

145,3

External debt service (as % of exports of goods and services) d

46,3

44,0

35,7

33,1

27,1

29,7

Gross international reserves (million EUR, end of year)

12.688

13.707

13.514

15.706

17.438

18.560

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

7,9

National currency: kuna (HRK)

 

 

 

 

 

-

Exchange rate on 31 December (HRK : 1 EUR)

7,6615

7,6350

7,5578

7,5136

7,4176

7,4426

Exchange rate on 31 December (HRK : 1 USD)

6,3021

6,9918

7,1685

6,2697

6,4692

6,6499

Average exchange rate (HRK : 1 EUR)

7,6300

7,6096

7,5294

7,4601

7,4141

7,4136

Average exchange rate (HRK : 1 USD)

5,7493

6,8623

6,8037

6,6224

6,2784

6,6223

Consolidated general government net lending (+)/borrowing (-) (million HRK) e

-17.725

-11.262

-3.338

2.920

850

1.553

Consolidated general government net lending (+)/borrowing (-) (as % of GDP) e

-5,3

-3,3

-1,0

0,8

0,2

0,4

General government debt (as % of GDP) e

84,7

84,3

80,8

77,8

74,7

73,2

Unemployment rate (ILO, persons above 15 years of age) f

17,3

16,2

13,1

11,2

8,4

6,6

Employment rate (ILO, persons above 15 years of age) f

43,3

44,2

44,6

45,8

46,9

47,7

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 2019 are preliminary.

b The GDP data are presented according to the ESA 2010 methodology. Data for 2018 and 2019 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 2019 and data on the gross external debt position as at the end of March 2020.

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.