engleski

Croatian macro economic context and maritime system development

Croatia is strategically located in Central and Southeast Europe, bordering Hungary to the North- East, Slovenia to the North-West, Bosnia and Herzegovina and Montenegro to the South- East, Serbia to the East, and the Italy via Adriatic Sea to the South-West. The country covers a land area of approximately 56, 594 km2 with a coastline of 6, 278km (1, 880 km is mainland coastline, while 4, 398 km is island coastal length). The Croatian economy is still in recession. Current indicators and future forecasts point towards a continuing downward trend that will continue beyond 2013. Industrial production has dropped by 11.6% in 2011 compared with 2008, while financial intermediation, insurance and ICT sectors are generating a positive and steady growth in almost all segments. Key sectors of the Croatian economy are retailing and tourism, manufacturing and mining, and public administration. This is also mirrored in the number of employed workforce in each of these major sectors. Manufacturing and mining currently employs higher number of workforce in comparison to the retailing and tourism sectors. In terms of trade structure, merchandise trade accounted for almost 52% of the country’s GDP in 2011, down from over 64% in 2008, which confirm the trend of deindustrialization of the economy despite manufactured goods still dominating both merchandise exports and imports. Equally, the origin-destination pattern of Croatia's foreign trade is dominated by proximity trade with EU and CEFTA (Central European Free Trade Agreement) countries notably Italy, Bosnia and Herzegovina, Germany and Slovenia.

macroeconomic; Croatia; maritime; development

nije evidentirano