Trade Balance in Croatia
Croatia - Trade Balance
Monthly data indicates that the economy lost some steam in Q3, following solid growth in the previous quarter that was mainly driven by healthy domestic demand. After expanding modestly in Q2, the industrial sector contracted in Q3, largely owing to a drop in production of food and fabricated metal products. On the expenditure side, retail sales growth cooled in Q3 despite strong real wage increases and the tighter job market which saw the unemployment rate fall to its lowest in over two decades, pointing to somewhat weaker private consumption in the quarter. Meanwhile, available data sends mixed signals for Q4: In October, consumer sentiment deteriorated slightly from Q3’s average, while business confidence gained ground. On the fiscal front, in early November the government unveiled its 2019 budget, which projects higher revenues stemming mainly from economic growth and targets a small deficit of 0.4% of GDP.Croatia - Trade Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -9.2 | -9.1 | -7.7 | -8.2 | -8.8 |
Croatia Trade Balance Chart
Source: Central Bureau of Statistics and Met the why particular calculations.
Croatia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.13 | 0.0 % | Dec 14 |
| Exchange Rate | 6.54 | -0.54 % | Dec 14 |
| Stock Market | 1,734 | -0.48 % | Dec 14 |
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Economic News
Croatia: Economic growth remains solid in Q3
November 30, 2018
The Croatian economy weakened marginally in the third quarter, according to detailed GDP data released by the Statistical Institute on 30 November, with annual economic growth ticking down to 2.8% from 2.9% in the second quarter.
Croatia: Industrial production drops for the fourth consecutive month in October
November 29, 2018
In October, industrial output fell 2.4% in working-day adjusted terms over the same month last year, moderating slightly from the 2.6% drop recorded in September and marking the fourth consecutive month of year-on-year contractions. October’s dip mainly reflected a marked decline in manufacturing output, primarily of fabricated metal and food products.
Croatia: Inflation edges up in October
November 16, 2018
Consumer prices rose 0.6% from the previous month in October, slightly below the 0.8% increase recorded in September.
Croatia: Industrial production drops to near four-year low in September
October 30, 2018
In September, industrial output fell 2.6% in working-day adjusted terms over the same month last year, deteriorating further from 1.0% drop recorded in August and marking the worst reading in nearly four years.
Croatia: Inflation dips in September
October 16, 2018
Consumer prices rose 0.8%—a one-year high—from the previous month in September, following the flat reading recorded in August.
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