External Debt in Croatia

Croatia - External Debt
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 - External Debt Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
External Debt (% of GDP) | 107 | 95.5 | 88.6 | 82.3 | 75.8 |
Croatia External Debt Chart

Source: Crotia Central Bank and FocusEconomics calculations.
Croatia Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.67 | 0.0 % | Dec 31 |
Exchange Rate | 6.64 | -0.54 % | Jan 01 |
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Economic News
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Croatia: Industrial output growth accelerates in June
July 29, 2022
Industrial production increased 3.8% year-on-year in working-day adjusted terms in June (May: +3.0% yoy).
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Croatia: Inflation comes in at highest level since our records began
July 19, 2022
Consumer prices increased 1.12% in June over the previous month, coming in below May's 1.40% rise.
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Croatia: Industrial output growth accelerates in May
July 1, 2022
Industrial production increased 3.0% year-on-year in working-day adjusted terms in May (April: +1.6% yoy).
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Croatia: Inflation increases in May
June 16, 2022
Consumer prices increased 1.40% over the previous month in May, slowing down from the 2.70% rise logged in April.
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Croatia: Decline in industrial output softens in April
June 1, 2022
Industrial production decreased 1.4% year-on-year in working-day adjusted terms in April (March: -1.9% yoy).