IMF Staff Country Reports

Croatia: Recent Economic Developments

Publication Date:

January 2, 1996

Summary:

This paper reviews economic developments in the Republic of Croatia during 1990–95. Real gross domestic product fell by a cumulative 30 percent over 1991–93. However, the economy began to recover in 1994 and real GDP grew by 0.8 percent. In the first quarter of 1995, real GDP was nearly 1 percent higher than the corresponding quarter in 1994. The primary impetus to growth in 1994 was from tourism, trade, transport, and communication. Tourism grew by 15 percent in 1994.

Series:

Country Report No. 1995/131

Subject:

Banking Commercial banks Employment Foreign exchange Monetary base

Notes:

This report on recent economic developments in the Republic of Croatia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of the Republic of Croatia, or the Executive Board of the IMF.