Croatia Economy 2001

Economy - overview:

Before the dissolution of Yugoslavia, the Republic of Croatia, after Slovenia, was the most prosperous and industrialized area, with a per capita output perhaps one-third above the Yugoslav average. Croatia faces considerable economic problems stemming from:

GDP: purchasing power parity - $24.9 billion (2000 est.)

GDP - real growth rate: 3.2% (2000 est.)

GDP - per capita: purchasing power parity - $5,800 (2000 est.)

GDP - composition by sector:
agriculture: 10%
industry: 19%
services: 71% (1999 est.)

Population below poverty line: 4% (1999 est.)

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 6% (2000 est.)

Labor force: 1.68 million (October 2000)

Labor force - by occupation: agriculture NA%, industry NA%, services NA%

Unemployment rate: 22% (October 2000)

Budget:
revenues: $6 billion
expenditures: $4.7 billion, including capital expenditures of $NA (1999 est.)

Industries: chemicals and plastics, machine tools, fabricated metal, electronics, pig iron and rolled steel products, aluminum, paper, wood products, construction materials, textiles, shipbuilding, petroleum and petroleum refining, food and beverages; tourism

Industrial production growth rate: 1.7% (2000)

Electricity - production: 10.96 billion kWh (1999)

Electricity - production by source:
fossil fuel: 40.89%
hydro: 59%
nuclear: 0%
other: 0.11% (1999)

Electricity - consumption: 13.643 billion kWh (1999)

Electricity - exports: 1 billion kWh (1999)

Electricity - imports: 4.45 billion kWh (1999)

Agriculture - products: wheat, corn, sugar beets, sunflower seed, alfalfa, clover, olives, citrus, grapes, soy beans, potatoes; livestock, dairy products

Exports: $4.3 billion (f.o.b., 1999)

Exports - commodities: transport equipment, textiles, chemicals, foodstuffs, fuels

Exports - partners: Italy 18%, Germany 15.7%, Bosnia and Herzegovina 12.8%, Slovenia 10.6%, Austria 6.2% (1999)

Imports: $7.8 billion (c.i.f., 1999)

Imports - commodities: machinery, transport and electrical equipment, chemicals, fuels and lubricants, foodstuffs

Imports - partners: Germany 18.5%, Italy 15.9%, Russia 8.6%, Slovenia 7.9%, Austria 7.1% (1999)

Debt - external: $9.9 billion (December 1999)

Economic aid - recipient: $NA

Currency: kuna (HRK)

Currency code: HRK

Exchange rates: kuna per US dollar - 8.089 (January 2001), 8.277 (2000), 7.112 (1999), 6.362 (1998), 6.101 (1997), 5.434 (1996)

Fiscal year: calendar year

NOTE: The information regarding Croatia on this page is re-published from the 2001 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Croatia Economy 2001 information contained here. All suggestions for corrections of any errors about Croatia Economy 2001 should be addressed to the CIA.