Current Account in Croatia
Croatia - Current Account
Momentum seems to have held up quite well in the second quarter, after domestic demand drove an upturn in the first quarter. Healthy wage growth in April, coupled with improving consumer confidence and a falling unemployment rate in the first two months of the quarter, suggests household spending remained in the driver’s seat. Moreover, record tourist numbers over the Easter period point to a strong external sector. That said, softer business sentiment in April-May, on average, indicates investment growth could have peaked in Q1. Meanwhile, last year’s fiscal outperformance and favorable macro conditions prompted Fitch Ratings to raise the country’s rating to investment-grade level on 7 June, by one notch to BBB-, with a positive outlook. On the political front, after meeting with EU officials, Prime Minister Andrej Plenkovic said the country could join the European ERM II within a year, a prerequisite for joining the Euro area.Croatia - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | 0.9 | 1.8 | 4.4 | 2.6 | 4.0 |
Croatia Current Account Chart
Source: Crotia Central Bank and FocusEconomics calculations.
Croatia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.24 | 0.0 % | Jul 11 |
| Exchange Rate | 6.57 | -0.54 % | Jul 11 |
| Stock Market | 1,885 | -0.48 % | Jul 11 |
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Economic News
Croatia: Inflation eases in June
July 16, 2019
Consumer prices fell 0.3% from the previous month in June, contrasting the 0.6% increase recorded in May.
Croatia: Industrial production almost stagnates in May
June 28, 2019
In May, industrial production rose an anemic 0.2% in working-day adjusted terms over the same month last year, following April’s robust 3.0% expansion.
Croatia: Industrial production rises solidly again in April
May 31, 2019
In April, industrial production rose a solid 3.0% in working-day adjusted terms over the same month last year, matching March’s expansion.
Croatia: Growth hits over two-year high in Q1
May 31, 2019
The economy strengthened notably at the outset of the year, according to detailed GDP data released by the Croatian Statistical Institute on 31 May.
Croatia: Inflation eases in April
May 15, 2019
Consumer prices rose 0.6% from the previous month in April, following the 1.0% increase recorded in March.
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