<sod> <b>Economy - overview:</b>
 In an economy traditionally based on agriculture and livestock, peasants comprised more than half of the Croatian population until after [[World War II]]. Pre-1945 industrialization was slow and centered on textile mills, sawmills, brickyards, and food-processing plants. Rapid [[industrialization]] and diversification occurred after World War II. [[Decentralization]] came in 1965, allowing growth of certain sectors, like the [[tourism|tourist industry]]. Profits from Croatian industry were used to develop poorer regions in the former Yugoslavia. This, coupled with [[austerity program]]s and [[hyperinflation]] in the 1980s, led to discontent in both Croatia and Slovenia that fueled the independence movement.
 
 Before the dissolution of [[Yugoslavia]], the Republic of Croatia, after [[Slovenia]], was the most prosperous and industrialized area, with a per capita output perhaps one-third above the Yugoslav average. Privatization under the new Croatian Government had barely begun when war broke out. As a result of the Croatian war of independence, the economic infrastructure sustained massive damage in the period 1991-92.
 
 The country has applied for membership in the [[European Union]]. During the accession, it is expected that agricultural policy will be the biggest stumbling block, as with other recent applicant countries.
 
''The remaining information is still verbatim from the old CIA World Factbook entry and is likely very much out of date.''
 
 <b>[[GDP]]:</b>
purchasing power parity - $23.9 billion (1999 est.)
<p><b>GDP - real growth rate:</b>
0% (1999 est.)
<p><b>GDP - per capita:</b>
purchasing power parity - $5,100 (1999 est.)
<p><b>GDP - composition by sector:</b>
 <br><i>agriculture:</i>
10%
 <br><i>industry:</i>
24%
 <br><i>services:</i>
66% (1996 est.)
<p><b>Population below poverty line:</b>
 NA%
<p><b>Household income or consumption by percentage share:</b>
 <br><i>lowest 10%:</i>
NA%
 <br><i>highest 10%:</i>
NA%
<p><b>Inflation rate (consumer prices):</b>
4.4% (1999)
<p><b>Labor force:</b>
1.65 million (1999)
<p><b>Labor force - by occupation:</b>
 agriculture NA%, industry NA%, services NA%
<p><b>Unemployment rate:</b>
20% (1999 est.)
<p><b>Budget:</b>
 <br><i>revenues:</i>
$6 billion
 <br><i>expenditures:</i>
$4.7 billion, including capital expenditures of $NA (1998)
<p><b>Industries:</b>
 [[chemical industry|chemical]]s and [[plastic]]s, machine tools, fabricated [[metal]], electronics, [[pig iron]] and rolled [[steel]] products, [[aluminium]], [[paper]], [[wood]] products, construction materials, [[textiles]], shipbuilding, [[petroleum]] and petroleum refining, [[food]] and beverages; [[tourism]]
<p><b>Industrial production growth rate:</b>
-2% (1999 est.)
<p><b>Electricity - production:</b>
9.515 billion kWh (1998)
<p><b>Electricity - production by source:</b>
 <br><i>fossil fuel:</i>
42.72%
 <br><i>hydro:</i>
57.28%
 <br><i>nuclear:</i>
 0%
 <br><i>other:</i>
0% (1998)
<p><b>Electricity - consumption:</b>
12.949 billion kWh (1998)
<p><b>Electricity - exports:</b>
900 million kWh (1998)
<p><b>Electricity - imports:</b>
5 billion kWh (1998)
<p><b>Agriculture - products:</b>
[[wheat]], [[maize]], [[sugar beet]]s, [[sunflower]] seed, [[alfalfa]], [[clover]], [[olive]]s, [[citrus]], [[grape]]s, [[vegetable]]s; [[livestock]], [[dairy products]]
<p><b>Exports:</b>
$4.5 billion (f.o.b., 1998)
<p><b>Exports - commodities:</b>
[[textiles]], [[chemicals]], foodstuffs, fuels
<p><b>Exports - partners:</b>
[[Italy]] 21%, [[Germany]] 18%, [[Bosnia and Herzegovina]] 15%, [[Slovenia]] 12% (1997)
<p><b>Imports:</b>
$8.4 billion (c.i.f., 1998)
<p><b>Imports - commodities:</b>
 machinery, transport and electrical equipment, chemicals, fuels and lubricants, foodstuffs
<p><b>Imports - partners:</b>
Germany 20%, Italy 19%, Slovenia 8%, [[Austria]] 8% (1997)
<p><b>Debt - external:</b>
$8.1 billion (October 1999)
<p><b>Economic aid - recipient:</b>
$NA
<p><b>Currency:</b>
1 [[Croatian kuna]] (HRK) = 100 lipas
<p><b>Exchange rates:</b>
Croatian kuna per US$1 - 7.591 (January 2000), 7.112 (1999), 6.362 (1998), 6.157 (1997), 5.434 (1996), 5.230 (1995)
<p><b>Fiscal year:</b>
 calendar year
 
 :''See also :'' [[Croatia]] <eod> <sod>== History ==

 In an economy traditionally based on agriculture and livestock, peasants comprised more than half of the Croatian population until after [[World War II]]. Pre-1945 industrialization was slow and centered on textile mills, sawmills, brickyards, and food-processing plants. Rapid [[industrialization]] and diversification occurred after World War II. [[Decentralization]] came in 1965, allowing growth of certain sectors, like the [[tourism|tourist industry]]. Profits from Croatian industry were used to develop poorer regions in the former Yugoslavia. This, coupled with [[austerity program]]s and [[hyperinflation]] in the 1980s, led to discontent in both Croatia and Slovenia that fueled the independence movement.
 
 Before the dissolution of [[Yugoslavia]], the Republic of Croatia, after [[Slovenia]], was the most prosperous and industrialized area, with a per capita output perhaps one-third above the Yugoslav average. Privatization under the new Croatian Government had barely begun when war broke out. As a result of the Croatian war of independence, the economic infrastructure sustained massive damage in the period 1991-92.
 
 The country has applied for membership in the [[European Union]]. During the accession, it is expected that agricultural policy will be the biggest stumbling block, as with other recent applicant countries.
 
== Economic indicators ==

From the [[CIA World Factbook]] 2003.
 
 <b>[[GDP]]:</b>
purchasing power parity - $38.9 billion (2002 est.)

<b>GDP - real growth rate:</b>
5.2% (2002 est.)

<b>GDP - per capita:</b>
purchasing power parity - $8,800 (2002 est.)

<b>GDP - composition by sector:</b>
 <br><i>agriculture:</i>
9%
 <br><i>industry:</i>
33%
 <br><i>services:</i>
58% (2002 est.)

<b>Population below poverty line:</b>
 NA%

<b>Household income or consumption by percentage share:</b>
 <br><i>lowest 10%:</i>
3.7%
 <br><i>highest 10%:</i>
23.3%
(1998)

<b>Distribution of family income - [[Gini index]]:</b>
29 (1998)

<b>Inflation rate (consumer prices):</b>
2.2% (2002)

<b>Labor force:</b>
1.7 million (2001)

<b>Labor force - by occupation:</b>
 agriculture NA%, industry NA%, services NA%

<b>Unemployment rate:</b>
21.7% (2002 est.)

<b>Budget:</b>
 <br><i>revenues:</i>
$8.6 billion
 <br><i>expenditures:</i>
$9 billion, including capital expenditures of $NA (2001 est.)

<b>Industries:</b>
 [[chemical industry|chemical]]s and [[plastic]]s, machine tools, fabricated [[metal]], electronics, [[pig iron]] and rolled [[steel]] products, [[aluminium]], [[paper]], [[wood]] products, construction materials, [[textiles]], shipbuilding, [[petroleum]] and petroleum refining, [[food]] and beverages; [[tourism]]

<b>Industrial production growth rate:</b>
2.8% (2002 est.)

<b>Electricity - production:</b>
12.12 billion kWh (2001)

<b>Electricity - production by source:</b>
 <br><i>fossil fuel:</i>
33.6%
 <br><i>hydro:</i>
66%
 <br><i>nuclear:</i>
 0%
 <br><i>other:</i>
0.4% (2001)

<b>Electricity - consumption:</b>
14.27 billion kWh (1998)

<b>Electricity - exports:</b>
386 million kWh (1998)

<b>Electricity - imports:</b>
3.386 billion kWh (1998)

<b>Oil - production:</b>
29,000 bbl/day (2001 est.)

<b>Oil - consumption:</b>
89,000 bbl/day (2001 est.)

<b>Oil - proved reserves:</b>
93.6 million bbl (January 2002 est.)

<b>Natural gas - proved reserves:</b>
34.36 billion cu m (January 2002 est.)

<b>Agriculture - products:</b>
[[wheat]], [[maize]], [[sugar beet]]s, [[sunflower]] seed, [[barley]], [[alfalfa]], [[clover]], [[olive]]s, [[citrus]], [[soybean]]s, [[potato]]es; [[livestock]], [[dairy products]]

<b>Exports:</b>
$4.9 billion (f.o.b., 2002)

<b>Exports - commodities:</b>
transport equipment, [[textiles]], [[chemicals]], foodstuffs, fuels

<b>Exports - partners:</b>
[[Italy]] 19.6%,
[[Germany]] 14.7%,
[[Bosnia and Herzegovina]] 13%,
[[Slovenia]] 8.8%,
[[Austria]] 11.5%,
[[France]] 3.7%
(2001 est.)

<b>Imports:</b>
$10.7 billion (c.i.f., 2002)

<b>Imports - commodities:</b>
 machinery, transport and electrical equipment, chemicals, fuels and lubricants, foodstuffs

<b>Imports - partners:</b>
Germany 16.1%,
Italy 14.5%,
Slovenia 6.9%,
Austria 6.3%,
France 5.6%,
Russia 3.3%
(2001 est.)

<b>Debt - external:</b>
$16.5 billion (2001)

<b>Economic aid - recipient:</b>
ODA $66 million (2000)

<b>Currency:</b>
[[kuna]] (HRK)

<b>Exchange rates:</b>
kuna per US$1 - 
7.8687 (2002),
8.34 (2001),
8.2766 (2000),
7.112 (1999),
6.362 (1998),
6.157 (1997),
5.434 (1996),
5.230 (1995)

<b>Fiscal year:</b>
 calendar year
 
 :''See also :'' [[Croatia]] <eod>