Croatia+Economics


 * Geography || History || Culture || Politics || Economics || Classroom Activities || Teacher's Page ||

ECONOMICS

The Basics:
Croatian economy is heavily dependent on the success and strength of other European countries. Therefore any negative waves in the economies of Germany or Italy also have a negative impact on Croatia as they are the biggest trade partners. Tourism is an increasingly high source of income. In 2008 over 10 million foreign tourists came to Croatia, making it the 18th major tour destination in the world.

Currency:
Croatian currency has been the Kuna since 1994. It is subdivided into 100 lipa. 1 Croatian kuna = 0.2013 US dollars

Gross Domestic Product:
$63.19 billion US dollars

Inflation:
toc 2.4%, in 2009

Population Below Poverty Line:
17% in 2009

Unemployment:
16.1%

Average Gross Salary:
$1,427 per month

Main Industries:
chemicals & plastics, machine tools, metals, aluminum, paper, wood, shipbuilding, food, beverages, tourism

Exports:
$10.72 billion

Export Goods:
transport, equipment, machinery, textiles, chemicals, foods, fuels

Imports:
$21 million

Import Goods:
technology, machinery, lubricants, food

Main Import Partners:
Italy, Bosnia, Germany, Austria, Slovenia

Public Debt:
46.4% of GDP in 2009

Revenue:
$20.99 billion

Expenses:
$22.35 billion

Aid:
$179.5 million

Foreign Reserves:
$14.89 billion

Comprehension Check! 1. What country is one of Croatia's main import partners? A. Bosnia B. New York C. England D. China

2. Croatian currency is called: A. dollars B. euro C. kuna D. rubie

Highlight below to reveal answers: 1. A 2. C

Information from this page provided by: [] [] []