GFmag Online Readers Survey 2012
Croatia


Croatia Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Croatia; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankCroatian National Bank
International ReservesUS$ 15.442 billion (Source: IMF; Data updated: November 2011)
Gross Domestic Product - GDPUS$ 65.137 billion (2009 estimate)
GDP (Purchasing Power Parity)79.944 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
3%3.8%5.4%5%4.3%4.2%4.7%5.5%
2008200920102011*
2.4%-5.8%-1.4%1.3%

*Estimate

GDP per capita - current pricesUS$ 14,750 (2009 estimate)
GDP per capita - PPP$18,103 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
N/AN/A0.11%0.11%0.1%

**Forecast

GDP - composition by sector
  • agriculture: 5.5% 
  • industry: 24.4% 
  • services: 70.1% (2011 estimate)

    • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
6.1%(2008)2.4%1%3.5%

*Estimate

Unemployment rate
2008200920102011*
8.7%9.1%12.3%(2009)12.8%

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
33.3%29.3%35.4%40%44.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-1.2%-0.9%-3.2%-4.7%-4.4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB/Negative/A-3

Moody's rating: Baa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
US$65.977 billionUS$26.79 billionUS$25.637 billion
Largest companies in CroatiaINA-Industrija Nafte (Oil & Gas Operations)
(2011)
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -2.3 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-3.6% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

40.5% (2009)

(Data released on December 2010)

Shares in world total merchandising export0.08%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.3%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$11.51 billion f.o.b. (2010 estimate)
Export commoditiestransport equipment, machinery, textiles, chemicals, foodstuffs, fuels
Total importsUS$25.84 billion f.o.b. (2008)
Import commoditiesmachinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs
Exports - major partnersItaly 19.3%, Bosnia and Herzegovina 13.9%, Germany 10.2%, Slovenia 8.4%, Austria 6.2% (2007)
Imports - major partnersItaly 16.1%, Germany 14.4%, Russia 10.1%, China 6.2%, Slovenia 6%, Austria 5.3% (2007)
FDI inflows
200820092010
US$6,179 millionUS$2,911 million(2009)US$583 million(2009)
FDI outflows
200820092010
US$1,425 millionUS$1,235 millionUS$-203 million
Value of cross-border M&A, by country of purchaser
2008200920102011
US$2 millionUS$8 million(2009)US$325 million(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 84 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 56 out of 183 countries(2009)

Registering property: 110 out of 183 countries

Paying Taxes: 42 out of 183 countries

Getting credit: 65 out of 183 countries

Protecting investors: 132 out of 183 countries

Trading across border: 98 out of 183 countries

Enforcing Contracts: 47 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		76

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 82 Score: 61.1 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+1
Total area 56,594 km2 (2006)
CapitalZagreb (2009)
Currencykuna (HRK) (2009)
Government typepresidential/parliamentary democracy (2009)
LanguagesCroatian 96.1%, Serbian 1%, other and undesignated 2.9% (including Italian, Hungarian, Czech, Slovak, and German) (2001 census)
ReligionsRoman Catholic 87.8%, Orthodox 4.4%, other Christian 0.4%, Muslim 1.3%, other and unspecified 0.9%, none 5.2% (2001 census)
Total population
1980199020002010*2015**
N/AN/A4.38 million4.43 million4.43 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
30.2%50.1%55.6%57.5%
Population median age41.0 years (2006)
Population growth rate0% (2009)
Life expectancy76 years (2007)
Adult literacy99% (2000/2007)
% of population living on less than $2 a day<2% (2011)
Inequality of wealth distribution (Gini index)

33.7 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:2 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

186.85% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population60.32% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Zagreb: 100th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

5.2694 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Zagreba?ka banka (National, 2012)
2011:
  • COUNTRY WINNERS Privredna Banka Zagreb (National, 2011)
2010:
  • COUNTRY WINNERS Privredna Banka Zagreb (National, 2010)
2009:
  • COUNTRY WINNERS Privredna Banka Zagreb (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:
  • COUNTRY WINNERS Zagrebacka Banka (National, 2011)
2010:
  • COUNTRY WINNERS Zagrebacka Banka (National, 2010)
2009:
  • COUNTRY WINNERS RZB (2009)

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST Zagrebacka banka (Global, 2010)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE