Current Account in Croatia
Croatia - Current AccountAvailable 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
|Current Account (% of GDP)||3.1||2.2||3.9||1.7||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Croatia Current Account Chart
Source: Crotia Central Bank and FocusEconomics calculations.
|Bond Yield||0.67||0.0 %||Dec 31|
|Exchange Rate||6.64||-0.54 %||Jan 01|
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October 15, 2021
Consumer prices rose 0.95% in September over the previous month, picking up from August's 0.19% increase.
September 30, 2021
Industrial production expanded at a sharper rate of 5.2% in annual terms in August, from 3.9% in July.
September 17, 2021
Consumer prices rose 0.19% over the previous month in August, unchanged from July's reading.
September 1, 2021
Industrial production growth cooled to 3.9% in annual terms in July, following June’s 8.2% expansion.
August 27, 2021
GDP bounced back solidly in the second quarter, expanding 16.1% in annual terms, contrasting Q1’s 0.7% slide.