Current Account in Croatia
Croatia - Current Account
A solid third-quarter outturn was buoyed by upbeat domestic demand; economic growth landed near Consensus and roughly in line with the expansion a quarter earlier. A tight labor market underpinned household spending, as did low inflation. Fixed investment, meanwhile, accelerated on absorption of EU-linked structural funding and despite the fall-off in industrial metrics. On the external front, a pullback in export growth was par for the course amid the broader European slowdown. Looking ahead, available fourth-quarter data has mostly been positive, with upbeat retail sales in October and economic sentiment through November. An uptick in the unemployment rate and sluggish industrial output in recent months, however, are likely to bruise year-end gains.Croatia - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | 0.9 | 1.8 | 4.4 | 2.6 | 4.4 |
Croatia Current Account Chart
Source: Crotia Central Bank and FocusEconomics calculations.
Croatia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.09 | 0.0 % | Jan 16 |
| Exchange Rate | 6.52 | -0.54 % | Jan 16 |
| Stock Market | 1,752 | -0.48 % | Jan 16 |
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Economic News
Croatia: Inflation drops to 10-month low in December
January 16, 2019
Consumer prices fell 0.8% from the previous month in December, following the 0.2% drop recorded in November.
Croatia: Industrial output notches fifth month of losses in November
December 28, 2018
In November, industrial output fell 0.8% in working day-adjusted terms over the same month a year earlier, moderating from October’s 2.4% drop.
Croatia: Inflation dips in November
December 14, 2018
Consumer prices fell 0.3% from the previous month in November, contrasting the 0.6% increase recorded in October.
Croatia: Economic growth remains solid in Q3
November 30, 2018
The Croatian economy weakened marginally in the third quarter, according to detailed GDP data released by the Statistical Institute on 30 November, with annual economic growth ticking down to 2.8% from 2.9% in the second quarter.
Croatia: Industrial production drops for the fourth consecutive month in October
November 29, 2018
In October, industrial output fell 2.4% in working-day adjusted terms over the same month last year, moderating slightly from the 2.6% drop recorded in September and marking the fourth consecutive month of year-on-year contractions. October’s dip mainly reflected a marked decline in manufacturing output, primarily of fabricated metal and food products.
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