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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.)
 

 

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