Croatia |
|
| 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. Opponents fear reforms would cut jobs,
wages, and social benefits. The government has a heavy backload
of civil cases, many involving tenure land. The country is
likely to experience only moderate growth without disciplined
fiscal and structural reform. |
| GDP |
purchasing
power parity - $43.12 billion (2002 est.) |
| GDP
- real growth rate |
5.2% (2002
est.) |
| GDP
- per capita |
purchasing
power parity - $9,800 (2002 est.) |
| GDP
- composition by sector |
agriculture:
9%
industry: 33%
services: 58% (2002 est.) |
| Population
below poverty line |
NA% |
| Inflation
rate (consumer prices) |
2.2% (2002
est.) |
| Labor
force |
1.7 million
(2001) |
| Labor
force - by occupation |
agriculture
13.2% NA, industry 25.4% NA, services 46.4% NA (2002) |
| Unemployment
rate |
21.7% (2002
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.) |
|
|