Current Account in Croatia
Croatia - Current AccountA 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
|Current Account (% of GDP)||0.9||1.8||4.4||2.6||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Croatia Current Account Chart
Source: Crotia Central Bank and FocusEconomics calculations.
|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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January 16, 2019
Consumer prices fell 0.8% from the previous month in December, following the 0.2% drop recorded 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.
December 14, 2018
Consumer prices fell 0.3% from the previous month in November, contrasting the 0.6% increase recorded in October.
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.
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.