Croati Economic Development And Supra National Integration

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Croatia: Economic Development and Supra-National Integration

Jalyn Clark

February 24, 2015 Introduction
The country of Croatia is a fairly new country in relation to its development and it is currently blossoming into a developed country with high economic standards. Croatia is located in both the Northern and Eastern hemispheres in Southeast Europe. The countries of Bosnia, Herzegovina, and Slovenia, as well as the Adriatic Sea border it. According to the 2011 census, the population of Croatia is 4,284,889. The largest concentration of the population, eighteen percent, lives in the capital city of Zagreb. The lowest population density is in rural areas and parts of the country with poor transport communications, such as the …show more content…

Inflation during this same period remained tame and the currency, the kuna, was stable. Economic slowdown in 2008 and has yet to recover; growth was stagnant or negative each year since 2009 (CIA). A high unemployment rate of twenty one percent and uneven regional development continues to be a problem. Croatia joined the European Union (EU) on July 1, 2013. The city of Zagreb has cut spending since 2012 to reduce public debt, sixty-six percent of the GDP. The county also raised additional revenues through a more stringent tax collection and raising Value Added Tax and the government has sought to accelerate privatization of non-strategic assets (CIA). Twenty-one percent of the population is below the poverty line (CIA). Industries in Croatia include: chemicals and plastics, machine tools, fabricated metals, electronics, aluminum, paper products, construction materials, textiles, shipbuilding, petroleum, and tourism. Labor force consists of 1.715 million people (CIA). Exports are $12.36 billion and include: transport equipment, machinery, textiles, chemical, and fuels. Imports are $21.74 billion and include: machinery, transport and electrical equipment, chemicals, fuels, lubricants, and foodstuffs (CIA). Natural resources are oil, some coal, iron-ore, natural asphalt, clays, salt, and hydropower. The land consists of 15.85% arable land with1.47% permanent crops: wheat, corn, barley,

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