Fiscal Balance in Croatia

Croatia Fiscal Balance | Economic News & Forecasts

Croatia - Fiscal Balance

The economy gained ground in the third quarter, driven by an improving external sector and resilient household spending. Exports of goods and services accelerated on stronger merchandise shipments, while a tighter labor market and solid wage gains lifted private consumption. Turning to Q4, economic momentum likely held up. The tourism sector started off on a stronger footing with arrivals rising robustly in October. That said, industrial production fell in October-November. On the political front, Zoran Milanovic from the Social Democrat party won Croatia’s presidential election on 5 January, ousting center-right incumbent Kolinda Grabar-Kitarovic. While the president typically has a limited role in matters of foreign policy and security, Milanovic will have a higher profile since Croatia took over the rotating presidency of the EU on 1 January.

Croatia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.3  -5.1  -3.2  -1.0  0.8  

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Croatia Facts

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

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