Current Account in Croatia
Croatia - Current Account
Available indicators suggest that the economy gained momentum in the first quarter. Industrial production rebounded solidly in Q1 compared to Q4 2018, on the back of a recovering manufacturing sector. Moreover, despite higher unemployment and lower consumer confidence in Q1 than in Q4, household spending seems to have gained traction as evidenced by the notable pick-up in retail sales in Q1. In other news, in late April, Moody’s affirmed Croatia’s Ba2 credit rating and lifted the outlook from stable to positive, citing the country’s improved fiscal and growth outlooks thanks to prudent policy and recent reforms. This comes on the heels of S&P’s credit rating upgrade to investment class in March. Meanwhile, at the conclusion of its staff visit on 2 May, the IMF acknowledged the country’s declining macroeconomic vulnerabilities but encouraged authorities to streamline the public administration and increase the retirement age in view of pension system sustainability.Croatia - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | 0.9 | 1.8 | 4.4 | 2.6 | 4.4 |
Croatia Current Account Chart
Source: Crotia Central Bank and FocusEconomics calculations.
Croatia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.78 | 0.0 % | May 13 |
| Exchange Rate | 6.60 | -0.54 % | May 13 |
| Stock Market | 1,840 | -0.48 % | May 13 |
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Economic News
Croatia: Inflation eases in April
May 15, 2019
Consumer prices rose 0.6% from the previous month in April, following the 1.0% increase recorded in March.
Croatia: Industrial production rises solidly in March
April 30, 2019
In March, industrial output rose a solid 3.0% in working-day adjusted terms over the same month last year, following February’s mild 0.6% expansion.
Croatia: Inflation climbs in March
April 16, 2019
Consumer prices rose 1.0% from the previous month in March, following the 0.2% increase recorded in February.
Croatia: Industrial production pulls the brake in February
March 29, 2019
In February, industrial output rose 0.6% in working-day adjusted terms over the same month last year, following January’s much stronger 4.6% increase, which had marked the fastest expansion in over two years. February’s deceleration was caused by a sharp downturn in the electricity, gas, steam and air conditioning supply sector, as well along with more moderate growth in the manufacturing sector.
Croatia: Inflation bounces back from over two-year low in February
March 15, 2019
Consumer prices rose 0.2% from the previous month in February, rebounding from the 0.9% decline recorded in January.
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