crisis levels in 2019 but due to Coronavirus disease the economy is set to contract more than −9.0% during first and second quarter of 2020, however growth is set to pick up in third quarter of 2020. Forced collectivization of agriculture was initiated in 1949. [95], GDP – purchasing power parity: [47][50], The new government led by the president of SDP, Ivica Račan, carried out a number of structural reforms after it won the parliamentary elections on 3 January 2000. Hungary 7.8%, Sisak and Vukovar were the centres of river-shipbuilding. However, the industrial production was still lower than agricultural production.
Length of a tourist stay in Croatia averages 4.9 days. SR Croatia was, after SR Slovenia, the second most developed republic in Yugoslavia with a 25% higher GDP per capita than the Yugoslav average. $21.3 billion (2015 est.) [90] The natural gas transportation system comprises 2,113 kilometres (1,313 miles) of trunk and regional natural gas pipelines, and more than 300 associated structures, connecting production rigs, the Okoli natural gas storage facility, 27 end-users and 37 distribution systems. [35], In 1918 Croatia became part of the Kingdom of Yugoslavia, which was in the interwar period one of the least developed countries in Europe. [84] As of January 2011, Croatia complies with International Civil Aviation Organization aviation safety standards and the Federal Aviation Administration upgraded it to Category 1 rating. In 1994 Croatia introduced the kuna as its currency. Croatia and Slovenia accounted for nearly half of the total Yugoslav GDP, and this was reflected in the overall standard of living.
The country emerged from the recession in the 4th quarter of 1999 and growth picked up in 2000. Croatia – air pollution country fact sheet 2018 Page Last modified 07 Oct 2019 1 min read. Italy, Germany and Slovenia are Croatia's most important trade partners. By September 2011, Croatia had completed more than 1,100 kilometres (680 miles) of motorways, connecting Zagreb to most other regions and following various European routes and four Pan-European corridors. highest 10%: In 2009, net total electrical power production in Croatia reached 12,725 GWh and Croatia imported 28.5% of its electric power energy needs.
8.34 (2001), [47], At the beginning of 1998 value-added tax was introduced. $2.551 billion (2015 est. Our World in Data. [39], After the World War II, the new Communist Party of Yugoslavia resorted to a command economy on the Soviet model of rapid industrial development. [26] Croatia joined the World Trade Organization in 2000, NATO in 2009 and became a member of the European Union on 1 July 2013. [43], In the late 1980s and early 1990s, with the collapse of socialism and the beginning of economic transition, Croatia faced considerable economic problems stemming from:[44], At the time Croatia gained independence, its economy (and the whole Yugoslavian economy) was in the middle of recession. [33] Regional differences were high. It was also the first European country to develop commercial naturist resorts.[76]. By 1948 almost all domestic and foreign-owned capital had been nationalized. The most numerous are tourists from Germany, Slovenia, Austria and the Czech Republic as well as Croatia itself. ), GDP – composition by sector: [73], Croatia has unpolluted marine areas reflected through numerous nature reserves and 116 Blue Flag beaches. Inflation remained tame and the currency, the kuna, stable. The Croatian State Bank was the central bank, responsible for issuing currency.
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