Current Account in Croatia

Croatia Current Account | Economic News & Forecasts

Croatia - Current Account

The economy gained ground in the third quarter, driven by an improving external sector and resilient household spending. Exports of goods and services accelerated on stronger merchandise shipments, while a tighter labor market and solid wage gains lifted private consumption. Turning to Q4, economic momentum likely held up. The tourism sector started off on a stronger footing with arrivals rising robustly in October. That said, industrial production fell in October-November. On the political front, Zoran Milanovic from the Social Democrat party won Croatia’s presidential election on 5 January, ousting center-right incumbent Kolinda Grabar-Kitarovic. While the president typically has a limited role in matters of foreign policy and security, Milanovic will have a higher profile since Croatia took over the rotating presidency of the EU on 1 January.

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 Yield0.670.0 %Dec 31
Exchange Rate6.64-0.54 %Jan 01

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