Promoting Multi-billion dollar Croatia Projects to Create Jobs for United States.
GDP (official exchange rate):
$60.59 billion (2010 est.)
Imports: $20.23 billion (2010 est.)
Imports - commodities: machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs
Contact Person:
Ms. Ambika Sharma, Asst. Secretary General Phone: 23736192 (D) / 23738760-70 (Extn. 403)
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 18%, 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.
Imports: $20.23 billion (2010 est.)
Imports - commodities: machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs
Contact Person:
Ms. Ambika Sharma, Asst. Secretary General Phone: 23736192 (D) / 23738760-70 (Extn. 403)
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 18%, 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.
