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 bank Croatian National Bank
International Reserves US$ 14.484 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 61.822 billion (2011 estimate)
GDP (Purchasing Power Parity) 80.95 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
3.8% 5.4% 5% 4.3% 4.2% 4.7% 5.5% 2.2%
2009 2010 2011 2012*
-6% -1.2% 0% -0.5%

*Estimate

GDP per capita - current prices US$ 13,999 (2010 estimate)
GDP per capita - PPP $18,331 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
N/A N/A 0.11% 0.11% 0.09%

**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 March 2012)

Inflation
2009 2010 2011 2012*
2.4%(2008) 1% 2.3% 2.2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
9.1% 12.2% 13.2%(2009) 13.5%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
29.2% 35.1% 41.2% 45.6% 52.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-1.3% -4.1% -4.9% -5.5% -4.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB-

Moody's rating: Baa3

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$25.64 billion US$24.91 billion US$21.8 billion
Largest companies in Croatia INA-Industrija Nafte (Oil & Gas Operations) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 223 million (2011 estimate)(After 2008)
Current account balance by percentage of GDP 0.4% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

38.3% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.07%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.3% (2011)(2007)

(Data were released in 2012)

Total exports US$12.34 billion (2012 estimate) 
Export commodities transport equipment, machinery, textiles, chemicals, foodstuffs, fuels
Total imports US$20.76 billion (2012 estimate) 
Import commodities machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs
Exports - major partners Italy 16.6%, Bosnia and Herzegovina 12.7%, Germany 10.4%, Slovenia 8.2%, Austria 5.8%, Luxembourg 4.5% (2011)
Imports - major partners Italy 16.2%, Germany 12.8%, China 7.2%, Russia 7.2%, Slovenia 6.4%, Austria 4.4% (2011)
FDI inflows
2009 2010 2011
US$3,355 million US$394 million(2009) US$1,494 million(2009)
FDI outflows
2009 2010 2011
US$1,234 million US$-150 million US$44 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$2 million US$8 million(2009) US$325 million(2009) N/A
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

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

Cross-border M&A deals worth over $3 billion completed in 2011

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 84 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 80 out of 185 countries(2009)

Enforcing Contracts: 52 out of 185 countries

Registering Property: 104 out of 185 countries

Getting credit: 40 out of 185 countries

Protecting investors: 139 out of 185 countries

Trading across border: 105 out of 185 countries

Paying Taxes: 42 out of 185 countries

Dealing with Construction Permits: 143 out of 185 countries

Getting Electricity: 56 out of 185 countries

Resolving Insolvency: 97 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
81

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 83 Score: 60.9 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+1
Total area 56,594 km2 (2006)
Capital Zagreb (2009)
Currency kuna (HRK) (2009)
Government type presidential/parliamentary democracy (2009)
Languages Croatian 96.1%, Serbian 1%, other and undesignated 2.9% (including Italian, Hungarian, Czech, Slovak, and German) (2001 census)
Religions Roman 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
1980 1990 2000 2012* 2017**
N/A N/A 4.38 million 4.4 million 4.4 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
30.2% 50.1% 55.6% 57.8%
Population median age 42 years (2010)
Population growth rate -0.2% (2011)
Life expectancy 76 years (2010)
Adult literacy 99% (2005/2010)
% of population living on less than $2 a day <2% (2011)
Inequality of wealth distribution (Gini index)

33.65 (2008)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:2 (2011)

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

Total telephone subscribers as % of population

156.43% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 70.71% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer 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)

4.8825 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Privredna Banka Zagreb (National, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Privredna Banka Zagreb (National, 2012)

WORLD'S BEST EMERGING MARKET BANKS

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

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS Zagreba?ka Banka (National, 2012)
2011:
  • COUNTRY WINNERS Zagrebacka Banka (National, 2011)
2010:
  • COUNTRY WINNERS Zagrebacka Banka (National, 2010)
2009:
  • COUNTRY WINNERS RZB (National, 2009)

TOP 200 EMERGING MARKETS BANKS

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