INVESTMENTS IN CROATIA

Croatia has been included in the group of countries with small and open economies and is widely linked to other foreign markets. The priority of Croatia's economic policy is to create conditions for high growth rates, to improve the competitiveness, as well as the market flexibility, which willelp to cope with the problem of unemployment.

CROATIA

2014

G.D.P. in purchasing power terms (billion $)

$88,73

G.D.P. in nominal values (billion $)

$57,07

G.D.P. growth in 2014

-0,40%

Per capita G.D.P. in purchasing power terms

$20,900

Investments in fixed assets as % of the G.D.P.

19,10%

Inflation rate

-0,20%

Total borrowing of the economic units (bil. $)

$44,45

Exports (bil. $)

$12,95

Imports (bil. $)

$21,39

Total Foreign Direct Investments (bil. $)

$40,19

Work Force (mil.)

1,703

Unemployment rate

20,30%

% of people under the poverty threshold

19,50%

Energy production (bil.)

13,38 kWh

Energy consumption (bil.)

16,97 kWh

State budget incomes (bil. $)

$19,85

State budget expenditures (bil. $)

$22,3

State budget deficit as a % of the G.D.P.

-4,30%

Tax incomes as a % of the GDP

34,8%

Public Debt as a % of the GDP

85,1%

Foreign Dept (bil $)

$62,09

Lending interest rate of commercial banks

7,80%

Corporate tax rate

20%

Highest income tax rate

40%

Highest VAT rate

25%

Market value of publicly traded shares (bil.$)

$36,29

Insurance Contributions for employee

20%

Insurance Contributions for employer

15,20%

 

By increasing the production and exports, restructuring large public Croatian companies and increasing the competitiveness of products relating to the global market, the Republic of Croatia aims to reduce its foreign debt and balance of payments deficit.
Despite this, problems remain, including a stubbornly high unemployment, a growing trade deficit and an uneven regional development. The external debt amounts to $ 62,09 billion and shows a steady downward path since 2001 onwards.
Croatia is one of the fastest developing Balkan countries in the tourism industry the last years, absorbing substantial investments. The field of energy also has investment interest, because of the energy deficit of the country. No Greek Banks are activated in Croatia.

Do you know that...

  • In Serbia there are attractive companies for sale. They are in the list of Privatization Agency but also at the Belgrade Stock Exchange. The list is long, unfortunately much longer than number of potential investors. The crisis has left its mark. Until so far Serbia has cashed EUR 2.3 billions from sale of 1,643 enterprises. It is not known how much more it could get from further sales, but among 650 companies in the list of Privatization Agency there are still attractive firms.

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