Croatia's current account deficit widened to EUR 2203.2 million in the first quarter of 2019 from EUR 1977.1 million in the corresponding period of the previous year. It was the largest current account gap since the fist quarter of 2008, as the goods gap increased to EUR 2,460.7 million from EUR 2,267.0 million and the services surplus narrowed to EUR 184.9 million from EUR 804.0 million. Additionally, the primary income shortfall rose to EUR 222.2 million from EUR 56.3 million a year earlier and the secondary income surplus declined to EUR 294.8 million from EUR 535.4 million. Current Account in Croatia averaged -209.11 EUR Million from 1993 until 2019, reaching an all time high of 4022.10 EUR Million in the third quarter of 2018 and a record low of -2519.30 EUR Million in the first quarter of 2008.

Current Account in Croatia is expected to be 150.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Croatia to stand at -1500.00 in 12 months time. In the long-term, the Croatia Current Account is projected to trend around -300.00 EUR Million in 2020, according to our econometric models.

Croatia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-02 07:15 AM Current Account Q2 €212.1M €-2003.5M € 151.3M
2018-12-31 09:00 AM Current Account Q3 €4011M €180.1M €3600M
2019-03-29 10:30 AM Current Account Q4 €-872.9M €4019.2M € -450M
2019-06-28 09:20 AM Current Account Q1 €-2203.2M €-983.9M € -1750M
2019-09-30 09:00 AM Current Account Q2 €-2203.2M € 150M
2019-12-31 10:00 AM Current Account Q3 € 3300M


Croatia Trade Last Previous Highest Lowest Unit
Balance of Trade -7138.66 -7582.72 502.62 -8379.31 HRK Million [+]
Current Account -2203.20 -983.90 4022.10 -2519.30 EUR Million [+]
Current Account to GDP 2.60 4.00 4.50 -10.50 percent [+]
Imports 16910.77 16696.19 16910.77 126.80 HRK Million [+]
Exports 9772.11 9113.46 10404.43 113.82 HRK Million [+]
External Debt 44150.34 45844.06 70907.14 9867.01 USD Million [+]
Capital Flows -1176.00 -590.80 3250.10 -2256.10 EUR Million [+]
Remittances 578.40 623.10 700.80 235.50 EUR Million [+]
Tourist Arrivals 1353990.00 933712.00 4088802.00 54742.00 [+]
Terrorism Index 0.01 0.03 2.01 0.01 [+]
Foreign Direct Investment 56.80 365.30 2058.70 -479.10 EUR Million [+]
Crude Oil Production 14.00 14.00 39.00 10.00 BBL/D/1K [+]

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Croatia Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - Croatia Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Croatia Current Account - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2203.20 -983.90 4022.10 -2519.30 1993 - 2019 EUR Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 490.00 Mar/19
Euro Area 13.32 May/19
France 343.00 May/19
Germany 16500.00 May/19
India -4600.00 Mar/19
Indonesia -6966.00 Mar/19
Italy 2599.00 May/19
Japan 1594.84 May/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea 4949.40 May/19
Spain -413.00 Apr/19
Switzerland 17215.95 Mar/19
Turkey 151.00 May/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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