Croatia recorded a Current Account deficit of 1362.60 EUR Million in the first quarter of 2021. source: Croatian National Bank

Current Account in Croatia averaged -250.33 EUR Million from 1993 until 2021, reaching an all time high of 4558.40 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 2021.

Current Account in Croatia is expected to be -300.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Croatia Current Account is projected to trend around -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
-1362.60 -306.40 4558.40 -2403.80 1993 - 2021 EUR Million Quarterly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-09-30 02:00 PM Q2 €-667M €-1437M € -500M
2020-12-31 10:20 AM Q3 €1927M €-564M € 2900M
2021-03-31 12:00 PM Q4 €-375M €1948M
2021-06-30 09:20 AM Q1 €-1363M €-306M
2021-09-30 02:00 PM Q2 €-1363M
2021-12-31 10:00 AM Q3

News Stream
Croatia Current Account Gap Slightly Narrows in Q1
Croatia’s current account deficit narrowed to EUR 1,363 million in the first quarter of 2021 from EUR 1,386 million in the same period of 2020. The goods account gap widened to EUR 2,521 million from EUR 2,515 million from a year ago and the services account surplus shrank to EUR 357 million from EUR 401 million. In addition, the primary income account recorded an EUR 82 million deficit, compared to a EUR 124 million surplus, while the secondary income surplus expanded to EUR 883 million from EUR 604 million.
Croatia Current Account Deficit Narrows in Q4
The current account deficit in Croatia narrowed to EUR 375 million in the fourth quarter of 2020 from EUR 614 million in the corresponding period of the previous year. The goods account gap shrank to EUR 2,078 million from EUR 2,436 million from a year ago, offsetting the deterioration of the services account surplus to EUR 614 million from EUR 1,086 million. In addition, primary income reversed into a surplus of EUR 200 million from a deficit of EUR 57 million, while the secondary income surplus improved to EUR 889 million from EUR 792 million. Considering the full 2020, the current account switched to a deficit of EUR 379 million from a surplus of EUR 1,520 million in 2019.
Croatia Current Account Deficit Widens in Q3
The current account deficit in Croatia widened to EUR 666.7 million in the second quarter 2020 from EUR 348 million in the same period of the previous year. The services surplus narrowed sharply to EUR 472.6 million from EUR 2,363.6 million a year earlier while the goods deficit fell to EUR 1,906.2 million from EUR 3,019.2 million. Meantime, the primary income account posted a EUR 22.9 million surplus, compared to a EUR 366.2 million gap in Q2 of 2019 and the secondary income surplus widened to EUR 743.9 million from EUR 673.9 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).