home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
CNN Newsroom: Global View
/
CNN Newsroom: Global View.iso
/
eur
/
cro
/
cro.ec1
next >
Wrap
Text File
|
1994-05-02
|
4KB
|
90 lines
<text>
<title>
Croatia: Economy
</title>
<article><hdr>The World Factbook 1993: Croatia
Economy</hdr><body>
<p>Overview: Before the dissolution of Yugoslavia, the republic
of Croatia, after Slovenia, was the most prosperous and
industrialized area, with a per capita output roughly comparable
to that of Portugal and perhaps one-third above the Yugoslav
average. Croatian Serb Nationalists control approximately one
third of the Croatian territory, and one of the overriding
determinants of Croatia's long-term political and economic
prospects will be the resolution of this territorial dispute.
Croatia faces monumental problems stemming from: the legacy of
longtime Communist mismanagement of the economy; large foreign
debt; damage during the fighting to bridges, factories,
powerlines, buildings, and houses; the large refugee population,
both Croatian and Bosnian; and the disruption of economic ties
to Serbia and the other former Yugoslav republics, as well as
within its own territory. At the minimum, extensive Western aid
and investment, especially in the tourist and oil industries,
would seem necessary to salvage a desperate economic situation.
However, peace and political stability must come first. As of
June 1993, fighting continues among Croats, Serbs, and Muslims,
and national boundaries and final political arrangements are
still in doubt.
</p>
<p>National product: GDP - purchasing power equivalent - $26.3
billion (1991 est.)
</p>
<p>National product real growth rate: -25% (1991 est.)
</p>
<p>National product per capita: $5,600 (1991 est.)
</p>
<p>Inflation rate (consumer prices): 50% (monthly rate, December
1992)
</p>
<p>Unemployment rate: 20% (December 1991 est.)
</p>
<p>Budget: revenues $NA; expenditures $NA, including capital
expenditures of $NA
</p>
<list>
<l>Exports: $2.9 billion (1990)</l>
<l> commodities: machinery and transport equipment 30%, other
manufacturers 37%, chemicals 11%, food and live animals 9%, raw
materials 6.5%, fuels and lubricants 5%</l>
<l> partners: principally the other former Yugoslav
republics</l>
<l>Imports: $4.4 billion (1990)</l>
<l> commodities: machinery and transport equipment 21%, fuels
and lubricants 19%, food and live animals 16%, chemicals 14%,
manufactured goods 13%, miscellaneous manufactured articles 9%,
raw materials 6.5%, beverages and tobacco 1%</l>
<l> partners: principally other former Yugoslav republics</l>
</list>
<p>External debt: $2.6 billion (will assume some part of foreign
debt of former Yugoslavia)
</p>
<p>Industrial production: growth rate -29% (1991 est.)
</p>
<p>Electricity: 3,570,000 kW capacity; 11,500 million kWh
produced, 2,400 kWh per capita (1992)
</p>
<p>Industries: chemicals and plastics, machine tools, fabricated
metal, electronics, pig iron and rolled steel products, aluminum
reduction, paper, wood products (including furniture), building
materials (including cement), textiles, shipbuilding, petroleum
and petroleum refining, food processing and beverages
</p>
<p>Agriculture: Croatia normally produces a food surplus; most
agricultural land in private hands and concentrated in
Croat-majority districts in Slavonia and Istria; much of
Slavonia's land has been put out of production by fighting;
wheat, corn, sugar beets, sunflowers, alfalfa, and clover are
main crops in Slavonia; central Croatian highlands are less
fertile but support cereal production, orchards, vineyards,
livestock breeding, and dairy farming; coastal areas and
offshore islands grow olives, citrus fruits, and vegetables
</p>
<p>Economic aid: $NA
</p>
<p>Currency: 1 Croatian dinar (CD)=100 paras
</p>
<p>Exchange rates: Croatian dinar per US $1 - 60.00 (April 1992)
</p>
<p>Fiscal year: calendar year
</p></body></article></text>