@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. At present, Croatian Serb Separatists control approximately one-third of the Croatian territory, and one of the overriding determinants of Croatia's long-term political and economic prospects will be the resolution of this territorial dispute. Croatia faces serious economic problems stemming from: the legacy of longtime Communist mismanagement of the economy; large foreign debt; damage during the fighting to bridges, factories, power lines, buildings, and houses; the large refugee population, both Croatian and Bosnian; and the disruption of economic ties to Serbia and the other former Yugoslav republics, as well as within its own territory. At the minimum, extensive Western aid and investment, especially in the tourist and oil industries, would seem necessary to revive the moribund economy. However, peace and political stability must come first; only then will recent government moves toward a "market-friendly" economy restore old levels of output. As of February 1995, fighting continues among Croats, Serbs, and Muslims, and national boundaries and final political arrangements are still in doubt.
National product: GDP - purchasing power parity - $12.4 billion (1994 est.)
National product real growth rate: 3.4% (1994 est.)
National product per capita: $2,640 (1994 est.)
Inflation rate (consumer prices): 3% (1994 est.)
Unemployment rate: 17% (December 1994)
Budget: revenues: $NA expenditures: $NA, including capital expenditures of $NA
Exports: $3.9 billion (f.o.b., 1993) commodities: machinery and transport equipment 30%, other manufacturers 37%, chemicals 11%, food and live animals 9%, raw materials 6.5%, fuels and lubricants 5% (1990) partners: EC countries, Slovenia
Imports: $4.7 billion (c.i.f., 1993) commodities: machinery and transport equipment 21%, fuels and lubricants 19%, food and live animals 16%, chemicals 14%, manufactured goods 13%, miscellaneous manufactured articles 9%, raw materials 6.5%, beverages and tobacco 1% (1990) partners: EC countries, Slovenia, FSU countries