Economy of Croatia

Standard of living

rather weak Inflation: 2,9% (in 2005)
Standard of living: after a few years of fall it stabilizes in 2004
Equipement of the hearths (in 2004)

Mobile phone: 82%
satellite Antenna: 42%
Computer: 45%
Connection Internet: 29%
Air-conditioner: 16%
Owner of a car: 75%

Wages

The average wages hide an increasingly important difference between low wages and the higher incomes. In 2004 the Purchasing power was almost of half lower than the average of the EU (to 25). GDP per capita ($4,816.00) is similar to those of the Lithuania and the Poland and remains 50% higher than those of the Bulgaria and the Romania.

Life and consumption with credit

the Wages means 2004: 548 €
average costs of the life for a hearth of 4 people: 786 €.
the current requirements were met to 70% by the average wages.
Plus of 50% of the wages leaves in the food and the habitat, only 3% in the leisures.

For 5 years, following the lightening of the conditions of Credit, the banks have recorded an explosion of the Prêt S Immobilier S and especially of the Consumer credit. In spite of the inflation of the cost of living, the household consumption continued to increase in 2002, drops in 2003 and is stabilized in 2004. The loans are mainly used for the purchase of the vehicles but increasingly intended for real purchases. The Croatian families which traditionally lodged under the same roof three generations benefit from the rise in the standard of living to acquire residences.

Since March 2004 the banks exchange their “black lists” of customers (approximately 44.000) who takes again the names of those having received several warnings or being continued for non-payment. A register of unpaid is being studied and could be born in 2005.

The debt of the households remains particularly high: it is a source of concern to short and medium term.

See too

List of Croatian companies

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