Croatia recorded a Current Account surplus of 2.50 percent of the country's Gross Domestic Product in 2019. source: Croatian National Bank

Current Account to GDP in Croatia averaged -3.73 percent from 1995 until 2019, reaching an all time high of 3.30 percent in 2017 and a record low of -10.70 percent in 2008. This page provides - Croatia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia Current Account to GDP - values, historical data and charts - was last updated on November of 2020.

Current Account to GDP in Croatia is expected to reach -1.90 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Croatia Current Account to GDP is projected to trend around 0.30 percent in 2021 and 0.60 percent in 2022, according to our econometric models.

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Croatia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
2.50 1.90 3.30 -10.70 1995 - 2019 percent Yearly

Croatia Trade Last Previous Highest Lowest Unit
Balance of Trade -4000.00 -4899.60 502.62 -8379.31 HRK Million [+]
Current Account -666.70 -1436.70 4552.80 -2403.80 EUR Million [+]
Current Account to GDP 2.50 1.90 3.30 -10.70 percent [+]
Imports 14400.00 12473.90 17590.00 126.80 HRK Million [+]
Exports 10400.00 7574.34 11881.00 113.82 HRK Million [+]
External Debt 48302.26 46485.44 74752.27 9837.95 USD Million [+]
Capital Flows 525.80 -802.10 3845.60 -2552.70 EUR Million [+]
Remittances 821.60 881.40 967.90 280.50 EUR Million [+]
Tourist Arrivals 5408605.00 5053726.00 5408605.00 54742.00 [+]
Terrorism Index 0.00 0.01 2.01 0.00 [+]
Crude Oil Production 12.00 12.00 39.00 10.00 BBL/D/1K [+]
Foreign Direct Investment 236.20 435.00 908.40 -779.80 EUR Million [+]


Croatia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.