International Reserves in Croatia

Croatia International Reserves | Economic News & Forecasts

Croatia - International Reserves

Incoming data points to a deep recession as the economy reels from Covid-19 fallout, with Croatia expected to be one of the hardest-hit economies in the region due to its dependence on tourism and given that Italy is its largest trading partner. Retail sales recorded the largest drop since early 2010 in March, as self-isolation and physical distancing measures took hold. Moreover, industrial production also recorded a significant drop in March and consumer confidence nosedived in April. In order to combat the economic damage, the government unveiled several stimulus measures in March and April, and on 7 May adopted a revised budget accounting for the change in fiscal picture. The revised budget now targets a higher 7% of GDP deficit and forecasts an over 15% drop in government revenues due to the pandemic.

Croatia - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (EUR)13.7  13.5  15.7  17.4  18.6  

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Croatia International Reserves Chart

Croatia International Reserves
Note: International reserves in months of imports.
Source: Crotia Central Bank and FocusEconomics calculations.

Croatia Facts

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

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