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Croatian economy moving in right direction as gross debt falls

By  Apr 22, 2018

The consolidated gross debt of Croatia at the end of 2017 amounted to 283,313 million Kuna, or 78.0 percent of gross domestic product, while in 2016 it amounted to 281,738 million Kuna, or 80.6 percent of GDP. In 2015, the debt amounted to 284,203 million Kuna, or 83.8 percent of GDP, while in 2014 it was 278,366 million Kuna, or 84.0 percent of GDP.

In 2017, the consolidated general government surplus amounted to 2,754 million Kuna, or 0.8% of GDP.

This was in fact the first time that Croatia has seen a general budget surplus since it started using European Union methodology and the final figure was better than the government’s aim of 0.6 percent.

This forward step in the economic forecast is important to Croatia as the country plans to adopt the Euro as the official currency within the next seven years.

croatian debt 2017 gross

Illustration - Croatian Office of Statistics 

The Voice of Dubrovnik


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