Croatia recorded a Current Account deficit of 1468.10 EUR Million in the first quarter of 2020.

Current Account in Croatia averaged -258.75 EUR Million from 1993 until 2020, reaching an all time high of 4571.20 EUR Million in the third quarter of 2019 and a record low of -2403.80 EUR Million in the first quarter of 2008. This page provides the latest reported value for - Croatia Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Croatia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

Current Account in Croatia is expected to be 2900.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Croatia to stand at -300.00 in 12 months time. In the long-term, the Croatia Current Account is projected to trend around -800.00 EUR Million in 2021 and -600.00 EUR Million in 2022, according to our econometric models.

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Croatia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1468.10 -623.00 4571.20 -2403.80 1993 - 2020 EUR Million Quarterly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 02:00 PM Q2 €-512.1M €-2104.5M € 150M
2019-12-31 10:00 AM Q3 €4568M €-350.7M € 3500M
2020-03-31 01:00 PM Q4 €-592M €4571M € -500M
2020-06-30 09:20 AM Q1 €-1468M €-623M € -1500M
2020-09-30 02:00 PM Q2 €-1468M € -500M
2020-12-31 10:00 AM Q3 € 2900M

News Stream
Croatia Current Account Gap Shrinks in Q4
The current account gap in Croatia narrowed to EUR 592.1 million in the fourth quarter 2019 from EUR 873.7 million in the same period of the previous year. The goods deficit shrank to EUR 2,395.9 million from EUR 2,343.5 million in Q4 2018 and the services surplus widened to EUR 1,083.4 million from EUR 752.4 million. Also, the secondary income surplus rose to EUR 780.9 million from EUR 686.4 million while the primary income account posted a EUR 60.6 million deficit, compared to a EUR 32.7 million surplus a year earlier. Considering full 2019, the current account surplus widened to EUR 1,570.8 million from EUR 982.1 million in 2018.
Croatia Current Account Surplus Widens in Q3
Croatia's current account surplus widened to EUR 4.57 billion in the third quarter of 2019 from EUR 3.80 billion in the same period last year, as the services surplus increased to EUR 6.63 billion from EUR 6.11 billion and the secondary income surplus rose to EUR 0.55 billion from EUR 0.46 billion. Meanwhile, the goods deficit was little-changed at EUR 2.36 billion, compared to EUR 2.38 billion, while the primary income gap narrowed to EUR 0.25 billion from EUR 0.39 billion. Considering January to September, the current account surplus widened to EUR 2.13 billion from EUR 1.85 billion in the same period of 2018.
Croatia Current Account Gap Widens in Q2
Croatia's current account deficit widened to EUR 512.1 million in the second quarter of 2019 from EUR 114.4 million in the corresponding period of the previous year. The goods gap increased to EUR 2,964.2 million from EUR 2,471.4 million and the primary income shortfall went up to EUR 349.8 million from EUR 237.6 million. Meanwhile, the services surplus rose to EUR 2,147.5 million from EUR 2,021.4 million a year earlier and the secondary income surplus advanced to EUR 654.4 million from EUR 573.2 million.

Croatia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).