External Debt in Croatia
Croatia - External DebtThe 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
|External Debt (% of GDP)||107||95.5||88.6||82.3||75.8|
5 years of economic forecasts for more than 30 economic indicators.
Croatia External Debt 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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July 29, 2022
Industrial production increased 3.8% year-on-year in working-day adjusted terms in June (May: +3.0% yoy).
July 19, 2022
Consumer prices increased 1.12% in June over the previous month, coming in below May's 1.40% rise.
July 1, 2022
Industrial production increased 3.0% year-on-year in working-day adjusted terms in May (April: +1.6% yoy).
June 16, 2022
Consumer prices increased 1.40% over the previous month in May, slowing down from the 2.70% rise logged in April.
June 1, 2022
Industrial production decreased 1.4% year-on-year in working-day adjusted terms in April (March: -1.9% yoy).