CROATIA - camex

INVESTMENTS IN CROATIA

Croatia has been included in the group of countries with small and open economies and is widely linked to other foreign markets. The priority of Croatia's economic policy is to create conditions for high growth rates, to improve the competitiveness, as well as the market flexibility, which willelp to cope with the problem of unemployment.

CROATIA	2014
G.D.P. in purchasing power terms (billion $)	$88,73
G.D.P. in nominal values (billion $)	$57,07
G.D.P. growth in 2014	-0,40%
Per capita G.D.P. in purchasing power terms	$20,900
Investments in fixed assets as % of the G.D.P.	19,10%
Inflation rate	-0,20%
Total borrowing of the economic units (bil. $)	$44,45
Exports (bil. $)	$12,95
Imports (bil. $)	$21,39
Total Foreign Direct Investments (bil. $)	$40,19
Work Force (mil.)	1,703
Unemployment rate	20,30%
% of people under the poverty threshold	19,50%
Energy production (bil.)	13,38 kWh
Energy consumption (bil.)	16,97 kWh
State budget incomes (bil. $)	$19,85
State budget expenditures (bil. $)	$22,3
State budget deficit as a % of the G.D.P.	-4,30%
Tax incomes as a % of the GDP	34,8%
Public Debt as a % of the GDP	85,1%
Foreign Dept (bil $)	$62,09
Lending interest rate of commercial banks	7,80%
Corporate tax rate	20%
Highest income tax rate	40%
Highest VAT rate	25%
Market value of publicly traded shares (bil.$)	$36,29
Insurance Contributions for employee	20%
Insurance Contributions for employer	15,20%

By increasing the production and exports, restructuring large public Croatian companies and increasing the competitiveness of products relating to the global market, the Republic of Croatia aims to reduce its foreign debt and balance of payments deficit.
Despite this, problems remain, including a stubbornly high unemployment, a growing trade deficit and an uneven regional development. The external debt amounts to $ 62,09 billion and shows a steady downward path since 2001 onwards.
Croatia is one of the fastest developing Balkan countries in the tourism industry the last years, absorbing substantial investments. The field of energy also has investment interest, because of the energy deficit of the country. No Greek Banks are activated in Croatia.