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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 a mild recession in 2000 with tourism, banking, and public investments leading the way. Unemployment remains high, at about 18%, with structural factors slowing its decline. While macroeconomic stabilization has largely been achieved, structural reforms lag because of deep resistance on the part of the public and lack of strong support from politicians. Growth, while impressive at about 3% to 4% for the last several years, has been stimulated, in part, through high fiscal deficits and rapid credit growth.
GDP: purchasing power parity-$59.911 billion
GDP-real growth rate: 2%
GDP-per capita: purchasing power parity-$11 600
GDP-composition by sector:
agriculture: 8%
industry: 31%
services: 60%
Inflation rate-consumer price index: 3.2%
Labor force:
total: 1.71 million
by occupation:
industry and mining 32.8%
agriculture 2.7%
services 64.5%
Budget:
revenues: $17.69 billion
expenditures: $19.35 billion>
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: 4.5%
Electricity-consumption: 15.81 billion kWh
Electricity-production: 11.15 billion kWh
Agriculture-products: wheat, corn, sugar beets, sunflower seed, barley, alfalfa, clover, olives, citrus, grapes, soybeans, potatoes; livestock, dairy products
Exports:
total value:
$10.3 billion
commodities: transport equipment, textiles, chemicals, foodstuffs, fuels
partners: Italy 23%, Bosnia and Herzegovina 13.4%, Germany 11.4%, Austria 9.6%, Slovenia 7.6%
Imports:
total value:
$18.93 billion
commodities: machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs
partners: Italy 17.1%, Germany 15.5%, Russia 7.3%, Slovenia 7.1%, Austria 6.9%, France 4.4%
Debt-external: $29.28 billion
Currency: 1 Croatian kuna (HRK) = 100 lipas
Fiscal year: calendar year
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