Flag description:
three equal horizontal bands of red (top), white, and blue
superimposed by the Croatian coat of arms (red and white checkered)
Economy 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 a mild recession in 2000 with tourism,
banking, and public investments leading the way. Unemployment
remains high, at about 17%, 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. The EU accession process should accelerate
fiscal and structural reform.
GDP (purchasing power parity):
$59.41 billion (2006 est.)
GDP (official exchange rate):
$37.35 billion (2006 est.)
GDP - real growth rate:
4.4% (2006 est.)
GDP - per capita (PPP):
$13,200 (2006 est.)
GDP - composition by sector: agriculture: 6.8% industry: 30.9% services: 62.3% (2006 est.)
Labor force: 1.72 million (2006 est.)
Labor force - by occupation: agriculture: 2.7% industry: 32.8% services: 64.5% (2004)