Current Account in Croatia

Croatia Current Account | Economic News & Forecasts

Croatia - Current Account

Recently-released national accounts data revealed that the economy lost pace in the second quarter, albeit following an exceptionally robust first-quarter upturn. After logging the strongest expansion in over a decade in Q1, consumer spending softened amid slower wage growth and higher inflation in Q2. Similarly, fixed investment growth cooled, although remained strong nonetheless, while government expenditure picked up, cushioning the overall slowdown somewhat. Meanwhile, the external sector dragged on growth as exports waned amid a decline in merchandise shipments. Looking ahead, upbeat confidence in the services sector and improved sentiment in retail trade in July bode well for business activity at the start of Q3. In other news, the government announced a new round of tax cuts in late July aimed at young people as part of an effort to stem emigration. The measures are set to come into effect next year, which could provide a boost to disposable incomes.

Croatia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)0.9  1.8  4.6  2.6  3.7  

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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

ValueChangeDate
Bond Yield0.620.0 %Sep 04
Exchange Rate6.71-0.54 %Sep 04
Stock Market1,869-0.48 %Sep 04

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