Current Account in Croatia

Croatia Current Account | Economic News & Forecasts

Croatia - Current Account

The pace of year-on-year GDP growth moderated in Q1 but remained healthy nonetheless. A faster expansion in fixed investment was more than offset by softer increases in private and public consumption. Meanwhile, the external sector contributed positively to growth, likely supported by a recovering tourism sector. Economic growth should moderate in the current quarter, partly due to a higher base of comparison. That said, rising consumer and business sentiment in April suggest that economic dynamics remain strong, although soaring inflation could be weighing on household spending. Meanwhile, in May, Fitch Ratings affirmed the country’s investment rating at 'BBB' with a positive outlook, citing a recovering tourism industry and limited exposure to the Russia-Ukraine war. Moreover, the European Commission recently praised the country’s reduction of private and public debt.

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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