Croatia recorded a Current Account deficit of 0.30 percent of the country's Gross Domestic Product in 2020. source: Croatian National Bank

Current Account to GDP in Croatia averaged -3.58 percent of GDP from 1995 until 2020, reaching an all time high of 3.40 percent of GDP in 2017 and a record low of -10.70 percent of GDP 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 September of 2021.

Current Account to GDP in Croatia is expected to reach -2.50 percent of GDP 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 of GDP in 2022 and -1.00 percent of GDP in 2023, according to our econometric models.

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Croatia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 3.00 3.40 -10.70 1995 - 2020 percent of GDP Yearly

Croatia Trade Last Previous Highest Lowest Unit
Balance of Trade -5810.90 -5970.07 502.62 -8379.31 HRK Million [+]
Current Account -1362.60 -306.40 4558.40 -2403.80 EUR Million [+]
Current Account to GDP -0.30 3.00 3.40 -10.70 percent of GDP [+]
Imports 17400.00 18126.83 18738.96 126.80 HRK Million [+]
Exports 11600.00 12156.76 12174.20 113.82 HRK Million [+]
External Debt 53596.58 53312.33 74752.27 9837.95 USD Million [+]
Capital Flows -894.40 209.10 3850.60 -2549.00 EUR Million [+]
Remittances 977.80 1043.70 1043.70 280.50 EUR Million [+]
Tourist Arrivals 4714999.00 1549975.00 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.