Current Account in Croatia

Croatia Current Account | Economic News & Forecasts

Croatia - Current Account

Available indicators suggest that the economy continued to grow healthily in Q3, albeit decelerating from Q2’s marked expansion in line with the fading base effect. Industrial output logged a solid increase in July–August, which, coupled with firming sentiment in the industrial and services sectors in Q3, points to robust private sector activity. Similarly, strong retail sales growth in July–August, combined with a lower unemployment rate on average in Q3, hints at healthy household consumption. That said, markedly higher inflation and deteriorating consumer sentiment will have capped spending growth. Meanwhile, notably higher numbers of tourist arrivals in September—according to secondary sources—will have further buoyed activity. Less positively, surging Covid-19 infections prompted authorities to maintain restrictions on 25 October, boding ill for activity in the final months of the year.

Croatia - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)3.1  2.2  3.9  1.7  2.8  

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Croatia Current Account Chart

Croatia Current Account
Note: Current account balance as % of GDP.
Source: Crotia Central Bank and FocusEconomics calculations.

Croatia Facts

Value Change Date
Bond Yield0.670.0 %Dec 31
Exchange Rate6.64-0.54 %Jan 01

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