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 August of 2021.

Current Account to GDP in Croatia is expected to reach -2.50 percent by the end of 2021, 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 -1.30 percent in 2022 and -1.00 percent in 2023, 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 of GDP Yearly

Croatia Trade Last Previous Highest Lowest Unit
Balance of Trade -5355.03 -5604.19 502.62 -8379.31 HRK Million [+]
Current Account -1362.50 -306.40 4558.40 -2403.80 EUR Million [+]
Current Account to GDP 2.50 1.90 3.30 -10.70 percent of GDP [+]
Imports 16633.70 16792.13 18556.88 126.80 HRK Million [+]
Exports 11291.91 11329.18 12174.18 113.82 HRK Million [+]
External Debt 53312.33 50975.88 74752.27 9837.95 USD Million [+]
Capital Flows -894.40 209.10 3850.60 -2549.00 EUR Million [+]
Remittances 1047.50 732.00 1047.50 280.50 EUR Million [+]
Tourist Arrivals 454686.00 179766.00 5545279.00 16399.00 [+]
Terrorism Index 0.00 0.00 2.01 0.00 [+]
Crude Oil Production 11.00 11.00 39.00 10.00 BBL/D/1K [+]
Foreign Direct Investment 617.20 120.30 2065.90 -781.50 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.