Fiscal Balance in Croatia

Croatia Fiscal Balance | Economic News & Forecasts

Croatia - Fiscal Balance

Despite softening somewhat from the prior quarter, economic growth remained solid in Q3, as the easing of Covid-19 restrictions domestically and abroad boosted numbers of tourist arrivals, favoring the external sector in turn. Meanwhile, capital spending lost notable steam compared to the prior quarter, while household consumption grew at a marginally softer pace. Turning to the final quarter of the year, early indicators suggest that activity has eased further. A pickup in the unemployment rate, coupled with a marked deterioration in consumer sentiment and soaring inflation at the outset of Q4, bodes ill for consumer spending. Moreover, surging Covid-19 infection rates prompted the government to tighten existing restrictions, including mandatory vaccination for public sector workers, which is bound to weigh on domestic demand.

Croatia - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-3.3  -1.0  0.8  0.2  0.4  

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Croatia Facts

Value Change Date
Bond Yield0.670.0 %Dec 31
Exchange Rate6.64-0.54 %Jan 01

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