Croatia's economy suffered badly during the 1991-95 war as output collapsed. Between 2000 and 2007, however, Croatia's economic fortunes began to improve slowly, with moderate but steady GDP growth between 4% and 6% led by a rebound in tourism and credit-driven consumer spending.

At the present Croatia is a well-developed nation under a parliamentary democracy and is in the process of accession to the European Union (EU). Facilities for tourism are available throughout the country, and the Adriatic coast is a popular tourist destination.

Natural resources: Oil, bauxite, low-grade iron ore, calcium, natural asphalt, mica, clays, salt, and hydropower.

Inflation over the same period has remained tame and the currency, the Kuna, stable. Inflation rate (2008): 6.1%. Nevertheless, difficult problems still remain, including a stubbornly high unemployment rate, a growing trade deficit and uneven regional development.


Labor force:
1.196 million (November 2009 est.)
Country comparison to the world: 139

Labor force - by occupation:
Agriculture: 5%
Industry: 31.3%

Unemployment rate:
16.1% (2009 est.)
Country comparison to the world: 156
13.7% (2008 est.)

Population below poverty line:
17% (2008)

Household income or consumption by percentage share:
Lowest 10%: 3.6%
Highest 10%: 23.1% (2005 est.)

Distribution of family income - Gini index:
29 (2008)
Country comparison to the world: 118
29 (1998)

Investment (gross fixed):
22.8% of GDP (2009 est.)
country comparison to the world: 60

Budget:
revenues: $20.99 billion
expenditures: $22.35 billion (2009 est.)

Public debt:
61% of GDP (2009 est.)
country comparison to the world: 29
42.7% of GDP (2008 est.)

Inflation rate (consumer prices):
2.4% (2009 est.)
country comparison to the world: 82
6.1% (2008 est.)

Central bank discount rate:
9% (31 December 2009)
country comparison to the world: 49 9%
(31 December 2008)

Commercial bank prime lending rate:
9.85% (30 November 2009)
country comparison to the world: 88
10.07% (31 December 2008)

Stock of money:
$9.27 billion (31 December 2009)
country comparison to the world: 50
$10.71 billion (31 December 2008)

Stock of quasi money:
$34.57 billion (31 December 2009)
country comparison to the world: 39
$33.17 billion (31 December 2008)

Stock of domestic credit:
$45.5 billion (31 December 2009)
country comparison to the world: 56
$49.79 billion (31 December 2008)

Market value of publicly traded shares:
$25.64 billion (31 December 2009)
country comparison to the world: 61
$26.79 billion (31 December 2008)
$65.98 billion (31 December 2007)

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

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:
-9.5% (2009 est.)
country comparison to the world: 140

Electricity - production:
11.49 billion kWh (2008 est.)
country comparison to the world: 86

Electricity - consumption:
18 billion kWh (2008 est.)
country comparison to the world: 71

Electricity - exports:
5.668 billion kWh (2008 est.)

Electricity - imports:
12.24 billion kWh (2008 est.)


GDP (purchasing power parity):
$79.21 billion (2009 est.)
Country comparison to the world: 76
$83.55 billion (2008 est.)
$81.6 billion (2007 est.)
Note: data are in 2009 US dollars

GDP (official exchange rate):
$62.45 billion (2009 est.)

GDP - real growth rate:
-5.2% (2009 est.)
Country comparison to the world: 192
2.4% (2008 est.)
5.5% (2007 est.)

GDP - per capita (PPP):
$17,600 (2009 est.)
Country comparison to the world: 69
$18,600 (2008 est.)
$18,200 (2007 est.)
Note: data are in 2009 US dollars

GDP - composition by sector:
Agriculture: 7%
Industry: 31.6%
Services: 61.4% (2009 est.)


Oil - production:
17,580 bbl/day (2008 est.)
country comparison to the world: 78

Oil - consumption:
105,000 bbl/day (2008 est.)
country comparison to the world: 75

Oil - exports:
43,750 bbl/day (2007 est.)
country comparison to the world: 80

Oil - imports:
122,100 bbl/day (2007 est.)
country comparison to the world: 60

Oil - proved reserves:
79.3 million bbl (1 January 2009 est.)
country comparison to the world: 74


Natural gas - production:
2.847 billion cu m (2009 est.)
country comparison to the world: 56

Natural gas - consumption:
3.205 billion cu m (2009 est.)
country comparison to the world: 72

Natural gas - exports:
695.5 million cu m (2009 est.)
country comparison to the world: 39

Natural gas - imports:
1.22 billion cu m (2009 est.)
country comparison to the world: 53

Natural gas - proved reserves:
36.44 billion cu m (1 January 2009 est.)
country comparison to the world: 68

Current account balance:
-$6.073 billion (2009 est.)
country comparison to the world: 170
-$6.397 billion (2008 est.)

Exports:
$10.57 billion (2009 est.)
country comparison to the world: 80
$14.36 billion (2008 est.)

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

Exports - partners:
Italy 19.1%, Bosnia and Herzegovina 15.4%,
Germany 10.8%, Slovenia 7.8%, Austria 5.8% (2008)

Imports:
$22.1 billion (2009 est.)
country comparison to the world: 65
$30.42 billion (2008 est.)

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

Imports - partners:
Italy 16.9%, Germany 13.2%, Russia 10.3%,
China 6.1%, Slovenia 5.5%, Austria 4.9% (2008)

Reserves of foreign exchange and gold:
$11.56 billion (31 December 2009 est.)
country comparison to the world: 51
$12.96 billion (31 December 2008 est.)

Debt - external:
$59.4 billion (30 September 2009 est.)
country comparison to the world: 44
$54.79 billion (31 December 2008)

Stock of direct foreign investment - at home:
$32.8 billion (31 December 2009 est.)
country comparison to the world: 58
$27.17 billion (31 December 2008 est.)

Stock of direct foreign investment - abroad:
$3.949 billion (31 December 2009 est.)
country comparison to the world: 57
$3.343 billion (31 December 2008 est.)

Exchange rates:
Kuna (HRK) per US dollar - 5.4331 (2009), 4.98
(2008), 5.3735 (2007), 5.8625 (2006), 5.9473 (2005)