. Index
. 1996 Index
. Flag
. Geography
. People
. Government
. Economy
. Transportation
. Commun'tions
. Defense
. Geo Names
. Feedback
===========
|
Croatia Economy 1996
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.
GDP - purchasing power parity - $12.4 billion (1994 est.)
-
National product real growth rate:
-
National product per capita:
-
Inflation rate (consumer prices):
$NA, including capital expenditures of $NA
$3.9 billion (f.o.b., 1993)
machinery and transport equipment 30%, other manufacturers 37%, chemicals
11%, food and live animals 9%, raw materials 6.5%, fuels and lubricants 5%
(1990)
$4.7 billion (c.i.f., 1993)
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)
EC countries, Slovenia, FSU countries
$2.9 billion (September 1994)
growth rate -4% (1994 est.)
chemicals and plastics, machine tools, fabricated metal, electronics, pig
iron and rolled steel products, aluminum reduction, paper, wood products
(including furniture), building materials (including cement), textiles,
shipbuilding, petroleum and petroleum refining, food processing and
beverages
Croatia normally produces a food surplus; most agricultural land in private
hands and concentrated in Croat-majority districts in Slavonia and Istria;
much of Slavonia's land has been put out of production by fighting; wheat,
corn, sugar beets, sunflowers, alfalfa, and clover are main crops in
Slavonia; central Croatian highlands are less fertile but support cereal
production, orchards, vineyards, livestock breeding, and dairy farming;
coastal areas and offshore islands grow olives, citrus fruits, and
vegetables
1 Croatian kuna (HRK) = 100 paras
Croatian kuna per US $1 - 5.6144 (November 1994)
|
|
