Croatia

Description of Croatia

Welcome to the comprehensive geopolitical and macroeconomic analysis of the Republic of Croatia. Situated at the crossroads of Central and Southeast Europe, Croatia boasts a rich history, stunning Adriatic coastline, and a growing economy. By delving into key macroeconomic statistics, we can gain valuable insights into how Croatia's development is unfolding in the global arena and its position in relation to neighboring countries. Join us as we explore the intricate interplay between macroeconomic indicators and Croatia's geopolitical landscape.

Population And Age Structure

Population, total: Croatia has a population of 4,047,680, which is significantly below the average population of 40,097,746. Croatia ranks 128 out of 194 countries in total population.

Population ages 0-14 (% of total population): Croatia's percentage of population ages 0-14 is 14.19%, lower than the average of 27.34%. This places Croatia at a rank of 181 out of 194 countries.

Population ages 0-14, total: The total population of ages 0-14 in Croatia is 574,476, notably lower than the average of 10,327,379. Croatia ranks 139 out of 194 countries in this demographic.

Population ages 15-64 (% of total population): Croatia's percentage of population ages 15-64 is 64.24%, slightly above the average of 63.44%. This places Croatia at a rank of 104 out of 194 countries.

Population ages 15-64, total: Croatia's total population of ages 15-64 is 2,600,083, considerably lower than the average of 26,003,407. Croatia ranks 127 out of 194 countries in this age group.

Population ages 65 and above (% of total population): Croatia has 21.57% of its population in the 65 and above age group, significantly higher than the average of 9.22%. Croatia ranks 9 out of 194 countries in this category.

Population ages 65 and above, total: The total population of ages 65 and above in Croatia is 873,121, notably lower than the average of 3,766,959. Croatia ranks 75 out of 194 countries in this demographic.

Summary

Croatia's population is below average compared to other countries, with a significant percentage of its population falling into the 65 and above age group. This demographic distribution could have implications for the country's labor force, healthcare system, and overall economic productivity, as it may face challenges related to an aging population.

Population Miscellaneous

1. Rural population in Croatia is 1,718,119, which is below the average of 18,044,041. Croatia ranks 109th out of 190 countries in this attribute.

2. The percentage of Rural population in Croatia is 42.447%, slightly above the average of 41.158%. Croatia ranks 89th out of 190 countries in this aspect.

3. Urban population in Croatia is 2,329,561, below the average of 22,425,747. Croatia ranks 125th out of 194 countries in urban population.

4. The percentage of Urban population in Croatia is 57.553%, below the average of 59.691%. Croatia ranks 106th out of 194 countries in this category.

5. Croatia's Age dependency ratio is 55.68%, lower than the average of 59.22%. It ranks 91st out of 194 countries in this aspect.

6. The crude Birth rate in Croatia is 8.9 per 1,000 people, below the average of 19.38. Croatia ranks 175th out of 192 countries in this attribute.

7. The crude Death rate in Croatia is 14.1 per 1,000 people, above the average of 8.21. Croatia ranks 11th out of 192 countries in this category.

8. Croatia's Fertility rate is 1.48 births per woman, lower than the average of 2.60. It ranks 155th out of 190 countries in this aspect.

Summary

Key macroeconomic indicators for Croatia show that the country has a lower rural and urban population compared to global averages. Additionally, Croatia has a lower age dependency ratio, birth rate, death rate, and fertility rate compared to the worldwide averages. These statistics are important as they provide insights into Croatia's demographic structure, economic development, and potential future challenges related to population growth, healthcare, and labor force dynamics.

Military

For Military expenditure (current USD), Croatia's value of 980,798,306.62 is significantly below the average of 12,904,993,617.17. Croatia ranks 73 out of 149 countries in this attribute.

Regarding Military expenditure (% of GDP), Croatia's value of 1.71% is below the average of 1.90%. The country is ranked 66 out of 148 countries in this category.

In terms of Armed forces personnel, total Croatia has 20,000 personnel, much lower than the average of 165,908.54. This places Croatia at rank 106 out of 164 countries.

For Armed forces personnel (% of total labor force), Croatia's value of 1.13% is below the average of 1.28%. Croatia is ranked 57 out of 164 countries in this attribute.

Summary

Croatia's military expenditure, both in absolute terms and as a percentage of GDP, is below the global average. The country also has a smaller number of armed forces personnel compared to the average. These statistics suggest that Croatia may have limited defense capabilities compared to other nations, which could impact its national security posture and ability to respond to security threats.

Natural Resources

Analysis of Croatia's key statistics:

1. Forest area (sq. km): Croatia's forest area of 19,391.1 sq. km is below the average of 211,606.11 sq. km, ranking 110 out of 191 countries.

2. Land area (sq. km): With a land area of 55,960 sq. km, Croatia is below the average of 665,166.51 sq. km, ranking 123 out of 194 countries.

3. Surface area (sq. km): Croatia's surface area of 88,070 sq. km is below the average of 689,779.56 sq. km, ranking 113 out of 194 countries.

4. Arable land (hectares): Croatia's arable land of 889,000 hectares is below the average of 7,329,543.16 hectares, ranking 111 out of 190 countries.

5. Land under cereal production (hectares): Croatia's land under cereal production of 535,770 hectares is below the average of 4,206,011.63 hectares, ranking 97 out of 174 countries.

6. Average precipitation in depth (mm per year): Croatia's average precipitation of 1,113 mm per year is below the average of 1,157.83 mm per year, ranking 82 out of 178 countries.

7. Renewable internal freshwater resources, total (billion cubic meters): Croatia's renewable internal freshwater resources of 37.7 billion cubic meters is below the average of 240.41 billion cubic meters, ranking 88 out of 178 countries.

Summary

Croatia exhibits below-average statistics in key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, average precipitation, and renewable internal freshwater resources. These statistics are crucial as they indicate Croatia's resource availability, agricultural potential, and environmental sustainability in comparison to other countries globally. Addressing these indicators can help Croatia make informed decisions regarding land use, environmental conservation, and water resource management for sustainable development.

Resource Rents

1. Total natural resources rents (% of GDP): Croatia's value for this attribute is 0.43909, which is significantly lower than the average of 4.63003. This places Croatia at rank 123 out of 175 countries included in the data.

2. Forest rents (% of GDP): Croatia's value for this attribute is 0.25254, below the average of 1.52580. Croatia ranks 88 out of 174 countries in this aspect.

3. Oil rents (% of GDP): Croatia's value for oil rents is 0.14111, well below the average of 2.50513. This places Croatia at rank 61 out of 117 countries.

4. Natural gas rents (% of GDP): Croatia's value for natural gas rents is 0.04545, also below the average of 1.25268. Croatia ranks 55 out of 96 countries in this category.

Summary

Croatia shows below-average values in key natural resources rents indicators such as total natural resources rents, forest rents, oil rents, and natural gas rents. These rankings signify limited exploitation or dependency on these natural resources compared to other countries. This suggests potential for further exploration and development of these resources to boost economic growth and diversification in Croatia.

Commodities

- Croatia's Cereal production is 3,746,320 metric tons, significantly below the average of 17,249,945. Croatia ranks 68th out of 174 countries in this category.
- The Aquaculture production in Croatia is 21,718.27 metric tons, much lower than the average of 679,642.92 metric tons. Croatia is ranked 58th out of 180 countries.
- Croatia's Capture fisheries production is 71,637.7 metric tons, below the average of 467,453.06 metric tons. Croatia ranks 84th out of 190 countries.
- Total fisheries production in Croatia is 93,355.97 metric tons, below the average of 1,153,914.85 metric tons. Croatia's rank in this category is 82nd out of 182 countries.
- Croatia's Fertilizer consumption is 199.73 kilograms per hectare of arable land, which is higher than the average of 159.04 kilograms. Croatia ranks 43rd out of 187 countries in this aspect.

Summary

Croatia's agricultural sector, as indicated by its cereal production, aquaculture production, capture fisheries production, and total fisheries production, falls below global averages and ranks relatively low compared to other countries. However, Croatia's higher-than-average fertilizer consumption per hectare of arable land signifies a potential focus on agricultural productivity and efficiency. This indicates that while Croatia may face challenges in primary production, it is actively investing in enhancing its agricultural output through fertilizer use, which could help improve crop yields and overall agricultural sustainability in the long term.

Intellectual Property

Industrial design applications, nonresident, by count: Croatia's value of 698 is below the attribute average of 1415.83. Croatia ranks 33 out of 112 countries in this data set.

Industrial design applications, resident, by count: With a value of 250, Croatia is below the attribute average of 9799.58. It ranks 53 out of 113 countries.

Patent applications, nonresidents: Croatia's value of 12 is significantly below the average of 6538.40. It ranks 95 out of 129 countries.

Patent applications, residents: Croatia's value of 117 is below the average of 19037.56. It ranks 65 out of 117 countries.

Trademark applications, nonresident, by count: Croatia's value of 3384 is below the attribute average of 15878.93. It ranks 87 out of 130 countries.

Trademark applications, resident, by count: Croatia's value of 4807 is below the attribute average of 111055.78. It ranks 63 out of 129 countries.

Scientific and technical journal articles: Croatia's value of 4800.05 is below the average of 15103.76. It ranks 55 out of 192 countries.

Charges for the use of intellectual property, payments (BoP, current US$): Croatia's value of 312130451.07 is significantly below the average of 3218843494.39. It ranks 51 out of 143 countries.

Charges for the use of intellectual property, receipts (BoP, current US$): With a value of 60294041.89, Croatia is below the average of 3191687117.58. It ranks 49 out of 122 countries.

Researchers in R&D (per million people): Croatia's value of 2214.78 is below the average of 2556.45. It ranks 31 out of 72 countries.

Summary

Overall, Croatia tends to lag behind the global average and ranks lower in various key macroeconomic indicators related to industrial design applications, patent applications, trademark applications, scientific and technical journal articles, charges for the use of intellectual property, receipts, and researchers in R&D. These statistics highlight potential areas where Croatia may need to focus on to improve its innovation and intellectual property landscape to boost economic growth and competitiveness on a global scale.

Broad Economy Attributes

Analysis of Key Macroeconomic Statistics for Croatia:

1. GDP (current US$): Croatia's GDP is 77th out of 189 countries, with a value of $57.6 billion, below the average GDP of $442.87 billion.

2. GDP, PPP (current international $): Croatia's GDP, PPP is ranked 79th out of 181 countries, with $123.24 billion, lower than the average GDP, PPP of $734.14 billion.

3. GDP per capita (current US$): Croatia ranks 56th out of 190 countries in GDP per capita, with $14,269.91, below the average of $15,462.11.

4. GDP per capita, PPP (current international $): Croatia's GDP per capita, PPP ranks 46th out of 181 countries, with $30,447.16, above the average of $21,251.89.

5. GNI (current US$): Croatia's GNI places 73rd out of 185 countries, at $59.2 billion, below the average GNI of $452.04 billion.

6. GNI, PPP (current international $): With a value of $126.30 billion, Croatia's GNI, PPP is ranked 78th out of 181 countries, under the average of $730.70 billion.

7. GNI per capita, PPP (current international $): Croatia's GNI per capita, PPP is $31,200, ranking 45th out of 181 countries, above the average of $20,615.75.

Summary

Croatia's key macroeconomic statistics reflect its position as a mid-sized economy compared to other countries globally. While the country's GDP figures are lower than the global average, its GDP per capita, especially in PPP terms, stands out as comparatively higher. This indicates that Croatia has potential for higher productivity and standards of living, which are crucial for attracting investment, fostering economic growth, and improving the overall well-being of its population.

Broad Value Added

Analysis of macroeconomic statistics for Croatia:

1. Gross value added at basic prices (GVA) (current US$): Croatia's GVA value of $48,196,007,952.15 is below the average of $360,070,943,595.12, ranking 75 out of 176 countries.

2. Agriculture, forestry, and fishing, value added (% of GDP): Croatia's value of 3.08% is below the average of 10.86%, ranking 130 out of 182 countries.

3. Agriculture, forestry, and fishing, value added (current US$): Croatia's value of $1,776,906,205.74 is below the average of $19,924,732,828.07, ranking 111 out of 182 countries.

4. Services, value added (% of GDP): Croatia's value of 59.70% is above the average of 56.72%, ranking 71 out of 183 countries.

5. Services, value added (current US$): Croatia's value of $34,480,185,769.60 is below the average of $295,837,711,130.69, ranking 75 out of 183 countries.

6. Industry (including construction), value added (current US$): Croatia's value of $11,938,915,976.81 is below the average of $118,421,095,413.50, ranking 86 out of 183 countries.

Summary

In summary, Croatia lags behind the global average in key macroeconomic indicators such as Gross Value Added, Agriculture, Forestry, and Fishing value added, Agriculture, Forestry, and Fishing value added in USD, Services value added in USD, and Industry value added in USD. This indicates a need for increased productivity and diversification of the economy to stimulate growth and improve competitiveness on the international stage.

Manufacturing Value Added

Manufacturing, value added (current US$): Croatia's value of 6951882731.86584 is significantly below the attribute average of 76207179589.66348, ranking 76th out of 173 countries.

Manufacturing, value added (% of GDP): Croatia's value of 12.0358029123261 is slightly above the attribute average of 11.902672847660009. Croatia ranks 82nd out of 173 countries in this aspect.

Medium and high-tech manufacturing value added (% manufacturing value added): Croatia's value of 28.5265429042616 is notably higher than the attribute average of 24.492957819277162. The country ranks 55th out of 149 countries considered.

Chemicals (% of value added in manufacturing): Croatia's value of 9.72444287320924 is below the attribute average of 11.556715357828283. Croatia ranks 44th out of 89 countries.

Food, beverages and tobacco (% of value added in manufacturing): Croatia's value of 20.1419604220554 falls below the attribute average of 24.51181882933718. The country holds the 47th position out of 92 countries.

Machinery and transport equipment (% of value added in manufacturing): Croatia's value of 16.2072109086238 is under the attribute average of 16.8512297135948. Croatia ranks 44th out of 93 countries.

Textiles and clothing (% of value added in manufacturing): Croatia's value of 5.02973619569895 is lower than the attribute average of 6.334873769451424. The country ranks 36th out of 93 countries in this category.

Other manufacturing (% of value added in manufacturing): Croatia's value of 48.8966496004126 exceeds the attribute average of 42.12826996735066. Croatia ranks 24th out of 94 countries in this aspect.

Summary

Croatia performs below the global average in manufacturing value added and in various sectors within manufacturing such as chemicals and textiles. However, it excels in medium and high-tech manufacturing, as well as other manufacturing categories. These indicators are crucial as they highlight Croatia's strengths and weaknesses in its manufacturing sector, which is vital for economic growth and competitiveness in the global market.

Money

For Inflation, consumer prices (annual %), Croatia has a relatively low inflation rate of 0.15%, which is significantly below the average of 8.26%. This places Croatia at rank 131 out of 165 countries in terms of inflation rate.

Regarding Inflation, GDP deflator (annual %), Croatia's rate is 0.75%, also below the average of 6.90%. Croatia ranks 129 out of 188 countries in this metric.

Summary

Croatia exhibits relatively low inflation rates both in terms of consumer prices and GDP deflator compared to the global averages. This positions Croatia in the lower percentiles globally for both indicators. These low inflation rates are crucial as they indicate price stability within the economy, making Croatia an attractive destination for investors seeking predictability and reduced risk of rising prices.

Consumption Expenditure

1. Final consumption expenditure (current US$): Croatia's final consumption expenditure is $48,397,043,659.51, below the attribute average of $381,630,252,515.38. Croatia is ranked 71 out of 159 countries in this attribute data.

2. Final consumption expenditure (% of GDP): Croatia's final consumption expenditure as a percentage of GDP is 83.79%, slightly above the attribute average of 82.37%. Croatia is ranked 65 out of 159 countries in this attribute data.

3. General government final consumption expenditure (current US$): Croatia's government final consumption expenditure is $14,458,532,083.14, significantly below the attribute average of $93,676,578,238.03. Croatia is ranked 62 out of 158 countries in this attribute data.

4. General government final consumption expenditure (% of GDP): Croatia's government final consumption expenditure as a percentage of GDP is 25.03%, well above the attribute average of 18.71%. Croatia is ranked 22 out of 158 countries in this attribute data.

5. Household and NPISHs Final consumption expenditure (current US$): Croatia's households and NPISHs final consumption expenditure is $33,938,511,576.36, below the attribute average of $290,127,571,157.69. Croatia is ranked 72 out of 158 countries in this attribute data.

6. Households and NPISHs final consumption expenditure (% of GDP): Croatia's households and NPISHs final consumption expenditure as a percentage of GDP is 58.76%, below the attribute average of 63.68%. Croatia is ranked 95 out of 158 countries in this attribute data.

Summary

Croatia's final consumption expenditure is below the global average, both in absolute terms and as a percentage of GDP. The government's final consumption expenditure is notably lower than the average in terms of both absolute value and percentage of GDP. In contrast, household and NPISHs final consumption expenditure is also below the average. These indicators are important as they reflect the overall economic activity within the country, the level of government spending, and the contribution of households and NPISHs to the economy's growth.

Equities

- Listed domestic companies, total: Croatia has 104 listed domestic companies, which is significantly below the average of 636.625. This ranks Croatia 40th out of 72 countries.

- Stocks traded, total value (current US$): Croatia's total value of stocks traded is 372,870,000 USD, much lower than the average of 1,379,501,950,182.91 USD. Croatia ranks 51st out of 71 countries for this attribute.

- Stocks traded, total value (% of GDP): Croatia's total value of stocks traded as a percentage of GDP is 0.645%, which is considerably below the average of 31.65%. Croatia is ranked 52nd out of 71 countries in this aspect.

- Market capitalization of listed domestic companies (current US$): Croatia's market capitalization of listed domestic companies is 22,229,990,000 USD, well below the average of 1,196,037,851,618.88 USD. Croatia ranks 47th out of 73 countries for this metric.

- Market capitalization of listed domestic companies (% of GDP): Croatia's market capitalization of listed domestic companies as a percentage of GDP is 38.49%, lower than the average of 71.24%. This places Croatia at the 38th position out of 73 countries.

- S&P Global Equity Indices (annual % change): Croatia experienced a decrease of 2.13% in the S&P Global Equity Indices, contrasting with the average increase of 2.06%. This ranks Croatia 40th out of 79 countries in terms of annual percentage change.

Summary

Croatia demonstrates lower than average performance in key macroeconomic indicators related to its stock market and market capitalization compared to a global average. The country ranks relatively lower in the number of listed domestic companies, total stock value, stock value as a percentage of GDP, and market capitalization of listed domestic companies. These statistics indicate a smaller and less developed stock market in Croatia compared to other countries, suggesting potential limitations in capital mobilization, investment opportunities, and overall economic growth potential.

Investment

- Foreign direct investment, net (BoP, current US$): Croatia's value is -782,074,825.82, which is above the average of -1,615,235,980.51. Croatia ranks 106 out of 169 countries in this attribute data. - Foreign direct investment, net inflows (BoP, current US$): Croatia's value is 1,251,530,441.94, below the average of 5,749,271,080.15. Croatia ranks 67 out of 182 countries in this attribute data. - Foreign direct investment, net inflows (% of GDP): Croatia's value is 2.17%, lower than the average of 2.61%. Croatia ranks 80 out of 178 countries in this attribute data. - Foreign direct investment, net outflows (BoP, current US$): Croatia's value is 425,843,129.28, below the average of 5,707,991,116.07. Croatia ranks 52 out of 156 countries in this attribute data. - Foreign direct investment, net outflows (% of GDP): Croatia's value is 0.74%, lower than the average of 1.00%. Croatia ranks 42 out of 155 countries in this attribute data. - Portfolio Investment, net (BoP, current US$): Croatia's value is -6,510,970.72, below the average of 679,559,169.57. Croatia ranks 85 out of 159 countries in this attribute data. - Portfolio equity, net inflows (BoP, current US$): Croatia's value is -146,709,159.66, below the average of 9,197,145,994.70. Croatia ranks 91 out of 125 countries in this attribute data.

Summary

Croatia's performance in foreign direct investments shows a mixed picture. While it attracts lower net inflows compared to the average, its outflows are also below average. This could indicate a lack of significant international investment activities or a more cautious approach to overseas investments. The low ranking in portfolio equity net inflows further suggests limited participation in global financial markets. These indicators are crucial as they reflect Croatia's attractiveness to foreign investors, its outbound investment capabilities, and its engagement in international financial markets, all of which play a vital role in the country's economic development and integration into the global economy.

Broad Trade Attributes

1. Trade (% of GDP): Croatia's trade as a percentage of GDP stands at 89.85%, which is above the average of 82.34%. Croatia ranks 46th out of 163 countries in this aspect.

2. Merchandise trade (% of GDP): The value for Croatia is 76.22%, higher than the average of 60.01%. This places Croatia at 39th out of 186 countries included in the data.

3. Trade in services (% of GDP): Croatia's trade in services accounts for 24.94% of its GDP, slightly above the average of 24.63%. Croatia holds the 48th rank out of 171 countries in this metric.

4. External balance on goods and services (current US$): Croatia has a balance of -4045474395.76 USD, below the average of 3405509011.13 USD. This places Croatia at 131st out of 163 countries.

5. External balance on goods and services (% of GDP): Croatia's balance as a percentage of GDP is -7.00%, lower than the average of -5.97%. Croatia ranks 99th out of 163 countries in this aspect.

Summary

Croatia demonstrates a strong reliance on trade, with its trade as a percentage of GDP, merchandise trade, and trade in services all surpassing global averages. However, the country faces challenges in its external balance on goods and services, as it lags behind the average values. These indicators are crucial as they reflect Croatia's integration into the global economy, its ability to generate revenue from exports, and the sustainability of its trade relationships.

Net Trade

1. Current account balance (BoP, current US$): Croatia's current account balance is negative, standing at -184,774,951.50. This is significantly below the average of 1,443,864,831.49. Croatia ranks 85th out of 170 countries in this attribute.

2. Current account balance (% of GDP): Croatia's current account balance as a percentage of GDP is -0.32%, which is lower than the average of -2.36%. The country ranks 71st out of 170 in this aspect.

3. Net trade in goods and services (BoP, current US$): Croatia's net trade in goods and services is -3,947,536,856.31, notably below the average of 2,604,730,003.57. Croatia holds the 135th position out of 171 countries for this statistic.

4. Net primary income (BoP, current US$): Croatia's net primary income is 1,435,236,936.11, higher than the average of -903,807,529.74. The country ranks 21st out of 170 nations in this metric.

5. Net secondary income (BoP, current US$): Croatia's net secondary income amounts to 2,327,074,774.24, significantly above the average of -269,227,340.40. Croatia holds the 38th position out of 170 countries in this regard.

6. Net trade in goods (BoP, current US$): Croatia's net trade in goods is -10,082,887,76.04, a notable deviation from the average of 1,302,831,005.68. Croatia ranks 154th out of 171 countries for this particular statistic.

7. Net capital account (BoP, current US$): Croatia's net capital account stands at 1,228,810,738.94, which is significantly above the average of 136,543,824.05. Croatia holds the 12th rank out of 159 countries in this attribute.

8. Net financial account (BoP, current US$): Croatia's net financial account is 636,666,639.14, higher than the average of -469,840,994.63. The country ranks 47th out of 170 in this statistic.

Summary

Croatia's macroeconomic indicators show a mixed performance. While the country faces challenges such as a negative current account balance and net trade in goods, it excels in areas like net primary and secondary income, as well as the capital account. These statistics are vital as they reflect Croatia's economic interactions with the rest of the world, its ability to generate income from abroad, and its financial stability.

Broad Export Attributes

1. Exports of goods, services and primary income (BoP, current US$): Croatia's value of $27,333,726,412.12 is below the average of $146,238,908,936.30. The country is ranked 66 out of 170 countries in this dataset.

2. Exports of goods and services (BoP, current US$): Croatia's value of $24,007,120,376.13 falls below the average of $122,938,540,059.78. Croatia is ranked 66 out of 170 countries in this category.

3. Exports of goods and services (current US$): With a value of $23,925,466,032.02, Croatia is below the average of $129,596,864,610.19. It holds the 67th rank out of 163 countries.

4. Exports of goods and services (% of GDP): Croatia's value of 41.42% exceeds the average of 38.19%. The country is ranked 48 out of 163 countries.

5. Goods exports (BoP, current US$): Croatia's value of $13,736,048,01.63 is below the average of $93,310,581,697.39. The country holds the 73rd rank out of 171 countries.

6. International tourism, receipts (% of total exports): Croatia's percentage of 23.46% is above the average of 9.74%. Croatia ranks 14 out of 120 countries in this aspect.

7. ICT goods exports (% of total goods exports): Croatia's percentage of 2.46% is below the average of 3.81%. The country is ranked 39 out of 142 countries in this category.

Summary

Croatia's export values in various categories such as goods, services, and primary income are below the global averages, with rankings ranging from 48th to 73rd out of the countries surveyed. However, Croatia stands out in international tourism receipts, where it exceeds the average percentage and ranks 14th. These indicators are crucial as they reflect Croatia's competitiveness in the global market, its reliance on specific sectors like tourism, and areas where it may need to focus on improving to enhance its economic performance and international trade position.

Merchandise Exports

Analysis of Macro Economic Statistics for Croatia:

Merchandise exports (current US$): Croatia's merchandise exports amount to $17.19 billion, ranking 69th out of 187 countries. This is significantly below the average of approximately $89.54 billion.

Agricultural raw materials exports (% of merchandise exports): Croatia's export of agricultural raw materials is at 4.06%, higher than the average of 2.97%. The country ranks 31st out of 151 nations in this category.

Food exports (% of merchandise exports): Croatia's food exports constitute 15.77% of its merchandise exports, ranking 78th out of 152 countries. This figure is below the average of 24.06%.

Fuel exports (% of merchandise exports): At 9.04%, Croatia's fuel exports as a percentage of merchandise exports are below the average of 13.70%. The country ranks 48th out of 147 nations.

Ores and metals exports (% of merchandise exports): Croatia's ores and metals exports represent 4.39% of merchandise exports, ranking 63rd out of 152 countries. This figure is below the average of 9.10%.

Merchandise exports by the reporting economy, residual (% of total merchandise exports): With a value of 0.09%, Croatia's residual merchandise exports rank 109th out of 166 countries. This is well below the average of 3.20%.

Summary

In analyzing Croatia's macroeconomic statistics, it is evident that the country's merchandise exports are below the global average, with a notable focus on agricultural raw materials and food exports. However, Croatia lags behind in fuel and ores/metals exports. The lower than average residual merchandise exports indicate potential areas for growth and diversification in the country's export portfolio.

These findings are crucial as they provide insight into Croatia's economic structure and trade dynamics. Understanding the composition of merchandise exports can help policymakers identify key sectors for development and strategic planning to enhance competitiveness in the global market.

Technology Exports

- Manufactures exports (% of merchandise exports): Croatia's value of 65.91% is above the average of 42.62%. Croatia ranks 50th out of 152 countries in this attribute.

- High-technology exports (current US$): Croatia's value of $1,084,082,923 is below the average of $16,655,934,078.80. Croatia ranks 50th out of 151 countries in this attribute.

- High-technology exports (% of manufactured exports): Croatia's value of 9.68% is below the average of 10.15%. Croatia ranks 54th out of 150 countries in this attribute.

- Medium and high-tech exports (% manufactured exports): Croatia's value of 49.21% is above the average of 34.29%. Croatia ranks 47th out of 149 countries in this attribute.

Summary

Croatia performs above average in manufactures exports, medium and high-tech exports as a percentage of manufactured exports. However, it falls behind in high-technology exports both in terms of value and as a percentage of manufactured exports. These indicators are crucial as they reflect Croatia's industrial and technological competitiveness on a global scale, highlighting areas where the country excels and where it may need to focus on improvement to stay competitive in the rapidly evolving global economy.

Service Exports

- Service exports (BoP, current US$): Croatia's value of $10,270,913,928.18 is below the average of $28,917,292,503.82. Croatia ranks 49th out of 171 countries in this attribute.

- ICT service exports (BoP, current US$): Croatia's value of $1,092,679,735.06 is below the average of $4,578,501,153.77. Croatia ranks 51st out of 166 countries in this attribute.

- ICT service exports (% of service exports, BoP): Croatia's value of 10.64% is below the average of 11.75%. Croatia ranks 66th out of 166 countries in this attribute.

- Communications, computer, etc. (% of service exports, BoP): Croatia's value of 35.78% is below the average of 45.85%. Croatia ranks 106th out of 169 countries in this attribute.

- Transport services (% of service exports, BoP): Croatia's value of 9.39% is below the average of 21.80%. Croatia ranks 123rd out of 169 countries in this attribute.

- Travel services (% of service exports, BoP): Croatia's value of 53.43% is above the average of 26.40%. Croatia ranks 26th out of 167 countries in this attribute.

- Insurance and financial services (% of service exports, BoP): Croatia's value of 1.41% is below the average of 6.46%. Croatia ranks 127th out of 161 countries in this attribute.

Summary

Croatia's macroeconomic indicators in service exports reveal that the country performs below average in most categories such as ICT service exports, ICT service exports as a percentage of total service exports, and various service subcategories including communications, computer, transport, and insurance/financial services. Despite having a strong performance in travel services exports, Croatia's lower rankings in these key areas suggest a potential lack of diversification in its service export sector, which could impact the country's overall economic resilience and competitiveness in the global market.

Commercial Service Exports

- Commercial service exports (current US$): Croatia's value of $10,270,913,928.18 for commercial service exports is below the average of $28,508,218,402.80. Croatia ranks 49th out of 171 countries in this attribute data.
- Travel services (% of commercial service exports): Croatia's percentage of 53.43% for travel services is above the average of 27.89%. Croatia ranks 27th out of 167 countries in this attribute data.
- Computer, communications and other services (% of commercial service exports): Croatia's percentage of 35.77% for computer, communications, and other services is below the average of 42.44%. Croatia ranks 103rd out of 169 countries in this attribute data.
- Insurance and financial services (% of commercial service exports): Croatia's percentage of 1.41% for insurance and financial services is below the average of 6.97%. Croatia ranks 128th out of 161 countries in this attribute data.
- Transport services (% of commercial service exports): Croatia's percentage of 9.39% for transport services is below the average of 23.37%. Croatia ranks 124th out of 169 countries in this attribute data.

Summary

Croatia's commercial service exports value is significantly below the global average, ranking 49th out of 171 countries. However, the country excels in the percentage of travel services, ranking 27th globally, which indicates a strong tourism industry. On the contrary, Croatia's reliance on computer, communications, and other services is lower than the average, positioning it at 103rd place. Additionally, the country's contributions to insurance and financial services as well as transport services in its commercial exports are below average, ranking 128th and 124th respectively. These findings are crucial as they highlight Croatia's strengths in tourism but also reveal opportunities for growth and diversification in other service sectors to enhance its economic competitiveness on a global scale.

Broad Import Attributes

Imports of goods and services (current US$): Croatia's value of $27,970,940,427.78 is below the average of $126,191,355,599.06. It ranks 65th out of 163 countries.

Imports of goods and services (% of GDP): Croatia's value of 48.43% is above the average of 44.15%. It ranks 48th out of 163 countries.

International tourism, expenditures (% of total imports): Croatia's value of 2.82% is below the average of 3.98%. It ranks 70th out of 131 countries.

ICT goods imports (% total goods imports): Croatia's value of 5.23% is below the average of 6.85%. It ranks 72nd out of 143 countries.

Goods imports (BoP, current US$): Croatia's value of $23,819,091,878.37 is below the average of $92,007,788,027.17. It ranks 64th out of 171 countries.

Imports of goods and services (BoP, current US$): Croatia's value of $27,954,499,586.12 is below the average of $120,321,577,988.12. It ranks 65th out of 170 countries.

Imports of goods, services and primary income (BoP, current US$): Croatia's value of $29,845,881,193.78 is below the average of $144,514,428,722.28. It ranks 67th out of 170 countries.

Summary

Croatia's import values across various categories such as goods and services, ICT goods, and international tourism expenditures are consistently below global averages, indicating potential challenges in diversifying its trade portfolio and capturing a larger share of the global market. These statistics suggest that Croatia may need to focus on enhancing its competitiveness, expanding its trade networks, and optimizing its import strategies to strengthen its position in the global economy.

Merchandise Imports

- Croatia's merchandise imports amount to $26.83 billion, which is significantly below the average of $89.39 billion, ranking 64th out of 190 countries in the dataset.
- The country's manufactures imports account for 73.58% of its total merchandise imports, slightly higher than the average of 66.76%, placing Croatia at the 40th rank out of 152 countries.
- Croatia's agricultural raw materials imports constitute 1.12% of its merchandise imports, below the average of 1.27%, ranking 78th out of 152 countries.
- Food imports in Croatia represent 13.58% of its merchandise imports, lower than the average of 15.89%, placing the country at the 83rd rank out of 152 countries.
- Fuel imports in Croatia make up 8.50% of its merchandise imports, below the average of 11.38%, ranking 97th out of 152 countries.
- Ores and metals imports constitute 3.06% of Croatia's merchandise imports, higher than the average of 2.57%, placing the country at the 42nd rank out of 152 countries.
- Croatia's residual merchandise imports account for 0.14% of its total merchandise imports, significantly below the average of 2.51%, ranking 122nd out of 180 countries in the dataset.

Summary

Croatia has a total merchandise import value well below the global average, with varying percentages across different import categories. While the country excels in the import of manufactures and ores/metals, it lags behind in food and fuel imports. Understanding these statistics is crucial for evaluating Croatia's reliance on foreign goods, identifying key sectors for potential growth or improvement, and assessing its trade competitiveness on a global scale.

Service Imports

- Service imports (BoP, current US$): Croatia's service imports amount to $4,135,407,707.75, ranking 75th out of 171 countries. This value is significantly below the average service import of $27,615,356,170.47. - Communications, computer, etc. (% of service imports, BoP): Croatia's percentage of communications, computer, etc. out of service imports is 57.07%, higher than the average of 44.40%. Croatia ranks 48th out of 169 countries for this attribute. - Transport services (% of service imports, BoP): Croatia's proportion of transport services out of service imports is 15.70%, much lower than the average of 32.90%. Croatia ranks 153rd out of 169 countries. - Travel services (% of service imports, BoP): In Croatia, travel services account for 18.73% of service imports, higher than the average of 14.14%. Croatia holds the 44th rank out of 169 countries. - Insurance and financial services (% of service imports, BoP): Croatia's insurance and financial services as a percentage of service imports stand at 8.50%, slightly below the average of 8.53%. Croatia is ranked 66th out of 169 countries for this attribute.

Summary

In analyzing Croatia's key macroeconomic indicators for service imports, it is evident that the country diverges significantly from the global averages in various areas. Croatia's higher percentage of communications, computer, etc. out of service imports indicates a reliance on technology-related services, while its low proportion of transport services suggests potential challenges in transportation infrastructure development. The higher proportion of travel services points to a strong tourism sector, which can be a significant driver of economic growth. Understanding these nuances in service import composition is crucial for policymakers and investors to tailor strategies that capitalize on Croatia's strengths and address its weaknesses in the services sector.

Commercial Service Imports

- Commercial service imports (current US$): Croatia's commercial service imports are $4,093,993,189.76, which is below the average of $27,102,746,128.60. Croatia ranks 74th out of 171 countries in this attribute data.
- Computer, communications and other services (% of commercial service imports): Croatia's percentage for this attribute is 56.63%, higher than the average of 41.71%. Croatia ranks 49th out of 169 countries in this attribute data.
- Insurance and financial services (% of commercial service imports): Croatia's percentage is 8.59%, below the average of 8.85%. Croatia ranks 69th out of 169 countries in this attribute data.
- Transport services (% of commercial service imports): Croatia's percentage is 15.86%, well below the average of 34.71%. Croatia ranks 156th out of 169 countries in this attribute data.
- Travel services (% of commercial service imports): Croatia's percentage is 18.92%, higher than the average of 14.73%. Croatia ranks 46th out of 169 countries in this attribute data.

Summary

Croatia's commercial service imports are significantly below the global average, ranking 74th out of 171 countries. The country has a higher emphasis on computer, communications, and other services, as well as travel services, compared to transport services and insurance/financial services. These indicators reveal Croatia's strengths and weaknesses in its service import composition, highlighting areas where the country may have a competitive advantage or may need to improve for economic development.

Infrastructure

1. Railways, passengers carried (million passenger-km): Croatia's value of 449 million passenger-km is below the average of 32,281. Croatia ranks 43 out of 64 countries in this attribute.

2. Railways, goods transported (million ton-km): Croatia's value of 3,279 million ton-km is significantly below the average of 119,231. Croatia ranks 39 out of 62 countries in this attribute.

3. Air transport, freight (million ton-km): Croatia's value of 0.17935 million ton-km is far below the average of 1,384. Croatia ranks 114 out of 126 countries in this attribute.

4. Air transport, registered carrier departures worldwide: Croatia's value of 12,838 registered carrier departures is below the average of 134,365. Croatia ranks 71 out of 149 countries in this attribute.

5. Air transport, passengers carried: Croatia's value of 608,458 passengers carried is significantly below the average of 11,848,243. Croatia ranks 86 out of 149 countries in this attribute.

6. Container port traffic (TEU: 20 foot equivalent units): Croatia's value of 376,981 TEUs is below the average of 6,907,110. Croatia ranks 89 out of 110 countries in this attribute.

7. Rail lines (total route-km): Croatia's value of 2,617 total route-km is below the average of 12,204. Croatia ranks 37 out of 66 countries in this attribute.

Summary

Croatia's transportation indicators, including railways passengers carried, goods transported, and air transport metrics, all showcase values below the global averages, positioning the country in lower rankings compared to other nations. These statistics are crucial in assessing Croatia's connectivity, trade potential, and overall infrastructure development in the global context, highlighting areas that may require further investment and improvement to enhance the country's transportation efficiency and competitiveness on the international stage.

Information Technology Infrastructure

- Secure Internet servers: Croatia has 90,474 secure internet servers, below the average of 458,294. Croatia ranks 48 out of 193 countries in this attribute.
- Secure Internet servers (per 1 million people): Croatia has 22,352 secure internet servers per 1 million people, above the average of 14,067. Croatia ranks 34 out of 193 countries in this attribute.
- Individuals using the Internet (% of population): Croatia has 78.32% of its population using the internet, which is above the average of 64.77%. Croatia ranks 69 out of 180 countries in this attribute.
- Fixed broadband subscriptions: Croatia has 1,030,973 fixed broadband subscriptions, below the average of 6,591,956. Croatia ranks 71 out of 185 countries in this attribute.
- Mobile cellular subscriptions: Croatia has 4,375,699 mobile cellular subscriptions, below the average of 42,526,463. Croatia ranks 125 out of 193 countries in this attribute.

Summary

Croatia performs above average in terms of secure internet servers per 1 million people and the percentage of population using the internet. However, it falls below the average in the number of fixed broadband subscriptions and mobile cellular subscriptions. These indicators are crucial in assessing Croatia's connectivity infrastructure, digital access, and readiness for the digital economy. They also reflect the level of technological advancement and potential for economic growth through digital services and innovation in the country.

Energy Consumption

In terms of Renewable energy consumption, Croatia's value is 32.37%, slightly above the average of 32.18%. This places Croatia at rank 73 out of 191 countries included in the data.

Regarding CO2 emissions, Croatia's emissions stand at 15,626.9 kt, significantly below the average of 171,895.94 kt. This positions Croatia at rank 91 out of 188 countries considered for this statistic.

Summary

In summary, Croatia ranks relatively high in terms of renewable energy consumption compared to other countries, with a value slightly above the average. Additionally, Croatia's CO2 emissions are significantly below the average, positioning the country at a relatively lower rank in comparison to others. These findings are crucial as they indicate Croatia's progress towards sustainability and environmental conservation, showcasing its potential for energy efficiency and reduced environmental impact.

Government Balance Sheet

1. Central government debt, total (% of GDP): In Croatia, the central government debt as a percentage of GDP is 98.78, which is above the average of 74.12. Croatia ranks 15th out of 61 countries in this attribute.

2. Reserves and related items (BoP, current US$): Croatia's reserves stand at $769,209,364.56, below the average of $1,924,407,186.58. Croatia ranks 46th out of 171 countries in this attribute.

3. Total reserves minus gold (current US$): Croatia's total reserves excluding gold amount to $23,253,815,166.03, below the average of $74,221,588,171.61. The country ranks 51st out of 161 countries.

4. Total reserves (includes gold, current US$): Including gold, Croatia's total reserves remain at $23,253,815,166.03, below the average of $85,708,019,773.47. Croatia ranks 57th out of 161 countries in this attribute.

5. Total reserves in months of imports: Croatia has reserves equivalent to 9.35 months of imports, above the average of 7.10 months. The country ranks 35th out of 151 countries.

Summary

Croatia's central government debt as a percentage of GDP is higher than the average, ranking 15th out of 61 countries. The country's reserves, both including and excluding gold, are below average, with rankings of 46th and 51st respectively. Despite having reserves equivalent to 9.35 months of imports, above the average, Croatia's overall reserve position, including gold, is below par, ranking 57th.

These statistics are crucial as they indicate Croatia's financial stability and ability to meet its debt obligations. The lower-than-average reserves suggest a potential vulnerability in case of economic shocks or unforeseen circumstances, emphasizing the importance of prudent fiscal management and economic planning for the country's sustainable development.

Government Revenue

Revenue, excluding grants (% of GDP): In Croatia, this attribute is 39.30% of GDP, which is above the average of 27.02%. Croatia ranks 16 out of 122 countries in this dataset.

Social contributions (% of revenue): Croatia's value is 29.49%, higher than the average of 22.29%. The country ranks 34 out of 81 countries for this attribute.

Taxes on goods and services (% of revenue): Croatia reports 45.10%, surpassing the average of 31.82%. With this, Croatia holds the 15th rank out of 122 countries.

Taxes on international trade (% of revenue): Croatia's value, 0.0003%, is significantly below the average of 6.24%. The country is ranked 99 out of 101 nations with data on this attribute.

Taxes on income, profits and capital gains (% of revenue): At 5.95%, Croatia falls below the average of 24.66%. The country ranks 114 out of 119 countries for this specific attribute.

Summary

Croatia demonstrates strength in revenue generation, with a high percentage of GDP coming from revenue excluding grants. The country also shows a notable reliance on social contributions compared to the average. However, there is room for improvement in diversifying revenue sources, as Croatia's low contribution from taxes on income, profits, and capital gains could indicate an opportunity to broaden the tax base for sustainable economic development.

Taxes

1. Tax revenue (% of GDP): Croatia's tax revenue as a percentage of GDP is 20.06%, which is 3.35% higher than the average of 16.72%. This places Croatia at the 38th rank out of 123 countries in the dataset.

2. Customs and other import duties (% of tax revenue): Croatia's percentage of customs and import duties as part of tax revenue is very low at 0.06%, significantly lower than the average of 9.01%. Croatia ranks 96th out of 99 countries in this aspect.

3. Taxes on income, profits and capital gains (% of total taxes): Croatia's tax allocation towards income, profits, and capital gains is 11.65%, much lower than the average of 38.40%. This places Croatia at the 115th rank out of 120 countries.

4. Tariff rate, applied, weighted mean, all products (%): The applied tariff rate in Croatia is 1.48%, which is below the average of 5.21%. Croatia ranks 114th out of 153 countries in terms of the tariff rate.

Summary

Croatia's tax revenue as a percentage of GDP is above average, ranking 38th out of 123 countries. However, the country's reliance on customs and import duties for tax revenue is notably low, placing it at 96th out of 99 countries. Additionally, Croatia's allocation of taxes towards income, profits, and capital gains is significantly below the average, ranking 115th out of 120 countries. The applied tariff rate in Croatia is also relatively low compared to the global average, placing it at 114th out of 153 countries.

These findings are crucial as they provide insights into Croatia's fiscal policies and trade dynamics. A high tax revenue to GDP ratio signifies strong government finances, while a low reliance on customs duties may indicate a more open trade environment. However, the lower allocation of taxes towards income and profits could potentially impact investment attractiveness. The moderate tariff rate suggests Croatia's openness to international trade, which can influence its competitiveness and economic growth.

Government Expenses

Expense (% of GDP): Croatia's expense as a percentage of GDP is 45.13%, which is 13.45% above the average of 31.69%. This places Croatia at rank 16 out of 123 countries in the dataset.

Compensation of employees (% of expense): Croatia's compensation of employees as a percentage of expense is 15.43%, which is 9.26% below the average of 24.70%. Croatia ranks 85 out of 123 countries.

Goods and services expense (% of expense): Croatia's goods and services expense as a percentage of total expense is 10.65%, which is 4.13% below the average of 14.77%. Croatia holds the 72nd rank out of 122 countries.

Interest payments (% of expense): Croatia's interest payments as a percentage of expense stand at 4.38%, which is 2.47% below the average of 6.85%. The country is ranked 65 out of 121 countries.

Other expense (% of expense): Croatia's other expenses as a percentage of total expenses are 5.74%, which is 2.55% below the average of 8.29%. Croatia ranks 63 out of 120 countries.

Subsidies and other transfers (% of expense): Croatia's subsidies and other transfers as a percentage of total expense amount to 44.23%, which is 0.95% above the average of 43.29%. The country is ranked 59 out of 121 countries.

Summary

In summary, Croatia has a higher than average expense as a percentage of GDP, driven mainly by subsidies and other transfers which exceed the global average. However, the country falls below average in compensation of employees, goods and services expense, interest payments, and other expenses. These indicators are crucial as they reflect the government's spending priorities, allocation of resources, and its ability to manage debt and financial obligations effectively in comparison to other countries.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Population ages 65 and above (% of total population)	9/194
Death rate, crude (per 1,000 people)	11/192
Net capital account (BoP, current US$)	12/159

Ranks in Bottom Decile For:

Attribute	Rank/Total
Population ages 0-14 (% of total population)	181/194
Birth rate, crude (per 1,000 people)	175/192
Net trade in goods (BoP, current US$)	154/171
Transport services (% of service imports, BoP)	153/169
Transport services (% of commercial service imports)	156/169
Air transport, freight (million ton-km)	114/126
Taxes on international trade (% of revenue)	99/101
Taxes on income, profits and capital gains (% of revenue)	114/119
Customs and other import duties (% of tax revenue)	96/99
Taxes on income, profits and capital gains (% of total taxes)	115/120