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    Croatia Economy - 2003
    https://theodora.com/wfb2003/croatia/croatia_economy.html
    SOURCE: 2003 CIA WORLD FACTBOOK

      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. The economy emerged from its mild recession in 2000 with tourism the main factor, but massive structural unemployment remains a key negative element. The government's failure to press the economic reforms needed to spur growth is largely the result of coalition politics and public resistance, particularly from the trade unions, to measures that would cut jobs, wages, or social benefits. As a result, the country is likely to experience only moderate growth without disciplined fiscal and structural reform.


      GDP: purchasing power parity - $38.9 billion (2002 est.)


      GDP - real growth rate: 5.2% (2002 est.)


      GDP - per capita: purchasing power parity - $8,800 (2002 est.)


      GDP - composition by sector: agriculture: 9%
      industry: 33%
      services: 58% (2002 est.)


      Population below poverty line: NA%


      Household income or consumption by percentage share: lowest 10%: 3.7%
      highest 10%: 23.3% (1998)


      Distribution of family income - Gini index: 29 (1998)


      Inflation rate (consumer prices): 2.2% (2002 est.)


      Labor force: 1.7 million (2001)


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


      Unemployment rate: 21.7% (2002 est.)


      Budget: revenues: $8.6 billion
      expenditures: $9 billion, including capital expenditures of $NA (2001 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: 2.8% (2002 est.)


      Electricity - production: 12.12 billion kWh (2001)


      Electricity - production by source: fossil fuel: 33.6%
      hydro: 66%
      other: 0.4% (2001)
      nuclear: 0%


      Electricity - consumption: 14.27 billion kWh (2001)


      Electricity - exports: 386 million kWh (2001)


      Electricity - imports: 3.386 billion kWh (2001)


      Oil - production: 29,000 bbl/day (2001 est.)


      Oil - consumption: 89,000 bbl/day (2001 est.)


      Oil - exports: NA (2001)


      Oil - imports: NA (2001)


      Oil - proved reserves: 93.6 million bbl (January 2002 est.)


      Natural gas - proved reserves: 34.36 billion cu m (January 2002 est.)


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


      Exports: $4.9 billion f.o.b. (2002)


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


      Exports - partners: Italy 19.6%, Germany 14.7%, Bosnia and Herzegovina 13.0%, Slovenia 8.8%, Austria 11.5%, France 3.7 (2001 est.)


      Imports: $10.7 billion c.i.f. (2002)


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


      Imports - partners: Germany 16.1%, Italy 14.5%, Slovenia 6.9%, Austria 6.3%, France 5.6%, Russia 3.3% (2001 est.)


      Debt - external: $16.5 billion (2001)


      Economic aid - recipient: ODA $66 million (2000)


      Currency: kuna (HRK)


      Currency code: HRK


      Exchange rates: kuna per US dollar - 7.8687 (2002), 8.34 (2001), 8.2766 (2000), 7.1124 (1999), 6.3623 (1998)


      Fiscal year: calendar year


      NOTE: The information regarding Croatia on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Croatia Economy 2003 should be addressed to the CIA.

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    https://theodora.com/wfb2003/croatia/croatia_economy.html

    Revised 20-Sep-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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