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Country profile - Distinguishing factors (Croatia)

Essential features of the Croatian economy

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Figure 1. Structure of the GDP 1989-2008

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Figure 1. Structure of the GDP 1989-2008
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In the past five years, the average real growth of gross domestic product (GDP) exceeded 4% per year (Table 1). In 2008, GDP per capita was EUR 10 681, while GDP growth compared to 2007 was 2.4%.  The slowdown in the economic growth that began in the second half of 2008 is expected to continue in 2009, giving a 2% growth projection for 2009. Croatia is currently at the level of just slightly above 50% of the average European per capita income. Although falling, unemployment remains one of the biggest problems for the Croatian economy. The Services and Industry sectors are dominant in the structure of the GDP (Figure 1).

Table 1. Main economic indicators for the 2004 – 2008 period

 

2004

2005

2006

2007

2008

GDP, current prices (EUR billion)

32.8

35.7

39.1

42.8

47.4

GDP, real growth rates (%)

4.2

4.2

4.7

5.6

2.4

[1]Unemployment rate (%)

13.8

12.7

11.2

9.6

8.3

[2]Inflation (%)

2.1

3.3

3.2

2.9

6.1

                                                           Source: Central Bureau of Statistics, http://www.dzs.hr/

[1]  According to the definition of the International Labour Organization, inhabitants above the age of 15

[2]  According to the Consumer Price Index 


 

 
 

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The country assessments are the sole responsibility of the EEA member and cooperating countries supported by the EEA through guidance, translation and editing.

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