With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.

Expansionary fiscal initiatives and maintaining trade openness are needed to push the global economy out of today’s low-growth trap, according to the OECD’s latest Global Economic Outlook.

Digitalisation will redesign production processes and alter relationships between work and leisure, capital and labour, the rich and the poor, the skilled and the unskilled. It creates opportunities to boost inclusive growth and well-being by raising productivity, enhancing private and public services, and democratising information.

New firm-level analysis undertaken in tandem with the OECD Economic Survey of Ireland 2018 finds that the majority of businesses in Ireland have actually experienced falling productivity since the mid-2000s.

To assess the cyclical position of an economy, macroeconomists use a concept called potential output, which measures the economy’s production rate that is consistent with stable inflation at the target.

Business and government should work more closely together to reduce inequality and foster inclusive growth. To help achieve this, at the Paris Peace Forum, Gabriela Ramos, OECD Chief of Staff, G7/G20 Sherpa and leader of the OECD’s Inclusive Growth Initiative, and Emmanuel Faber, Chairman & CEO of Danone, launched the Business for Inclusive Growth (B4IG) Platform.

The Brazilian economy has made a rapid recovery from the global economic crisis, but further reforms are necessary to boost long-term growth, spur investment and further reduce poverty, according to the OECD’s latest Economic Survey of Brazil.

Ministers expressed full support for the OECD’s global relations strategy, as an essential element to increase its impact and relevance. This strategy has been the centrepiece of Secretary-General Angel Gurría’s vision to transform the Organisation into a more inclusive, global policy network and a prime forum for evidence-based policy exchange and global standard setting.

Chicago is at a tipping point: despite economic strengths, it faces considerable challenges to compete in the “Premier League” of world-class cities, warns the OECD’s review of the Chicago Tri-State Metropolitan Region.

Better access to and use of public sector information (PSI), including open government data, are inter-related parts of the shift towards knowledge-based economies, and drivers of innovation, growth and employment. PSI can be used directly to generate products and services, and it contributes in a wide variety of ways to improving efficiency and productivity across the economy (including within the public sector).

Governments must act faster help people and firms to make greater use of the Internet and remove regulatory barriers to digital innovation or else risk missing out on the potentially huge economic and social benefits of the digital economy, the OECD told ministers and high-level officials from almost 40 countries today.

An estimated baseline convergence model capturing the long-term effect of human capital and physical investment on potential output for a panel of OECD countries is augmented with public investment and its components.

For the last five years the global economy has been in a low-growth trap, with growth disappointingly low and stuck at around 3 per cent per year. Persistent growth shortfalls have weighed on future output expectations and thereby reduced current spending and potential output gains.

13 July 2016 - Following endorsement of the G20 Guiding Principles for Global Investment Policymaking by G20 Trade Ministers in Shanghai on 10 July 2016, Ana Novik, Head of the OECD Investment Division, highlights the importance of follow-through on this important stepping stone to greater policy coherence.

The truth is that human rights are not sustainable, or in some places even possible, in today’s networked society unless public and private actors take responsibility. Governments and corporations alike must commit to design, manage, and govern technologies in a manner that is consistent with international human rights standards.

Globalisation has failed to create a level playing field in trade, investment and corporate behaviour, being one of the factors contributing to a backlash against openness in many countries and a decline in confidence in government institutions.

Housing Index in Ireland decreased to 134.30 points in February from 134.50 points in January of 2020. Housing Index in Ireland averaged 116.76 points from 2005 until 2020, reaching an all time high of 163.60 points in April of 2007 and a record low of 73.40 points in March of 2013. In Ireland, the housing index refers to the Residential Property Price Index (RPPI) and it is designed to measure the change in the average level of prices paid for residential properties sold in the country. The RPPI is compiled using data on mortgage drawdowns provided on a monthly basis by 8 of the main Mortgage Lending Institutions under Section 13 of the Housing Act (2002). It is transactions based; meaning that prices are recorded only where a sale occurs. Not all residential property transactions are funded by a mortgage (i.e. They are cash based) and these transactions are excluded from the scope of the index. This page provides the latest reported value for - Ireland Residential Property Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages High Skilled in Croatia decreased to 7340 HRK/Month in 2018 from 8530 HRK/Month in 2017. Wages High Skilled in Croatia averaged 8227.50 HRK/Month from 2015 until 2018, reaching an all time high of 8730 HRK/Month in 2016 and a record low of 7340 HRK/Month in 2018. High Skilled Wages refer to highest estimate of wage of workers doing high-skilled jobs, calculated from sample of wages collected by WageIndicator surveys.

Household Saving Rate in Croatia decreased to 8.95 percent in the fourth quarter of 2016 from 17.90 percent in the third quarter of 2016. Personal Savings in Croatia averaged 10.29 percent from 2002 until 2016, reaching an all time high of 19.98 percent in the third quarter of 2015 and a record low of -5.18 percent in the fourth quarter of 2007. This page provides - Croatia Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Croatia stands at 18 percent. Corporate Tax Rate in Croatia averaged 19.86 percent from 2001 until 2019, reaching an all time high of 20.32 percent in 2003 and a record low of 18 percent in 2018. In Croatia, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Croatia. This page provides - Croatia Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Croatia scored 47 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Croatia averaged 41.62 Points from 1999 until 2019, reaching an all time high of 51 Points in 2015 and a record low of 27 Points in 1999. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Croatia Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Croatia is the 63 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Croatia averaged 60.62 from 1999 until 2019, reaching an all time high of 74 in 1999 and a record low of 47 in 2001. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Croatia Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Croatia stands at 25 percent. Sales Tax Rate in Croatia averaged 23.93 percent from 2006 until 2020, reaching an all time high of 25 percent in 2012 and a record low of 22 percent in 2007. In Croatia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Croatia. This page provides - Croatia Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Electricity Production in Croatia increased to 1521 Gigawatt-hour in December from 1511 Gigawatt-hour in November of 2019. Electricity Production in Croatia averaged 1056.17 Gigawatt-hour from 2008 until 2019, reaching an all time high of 1647 Gigawatt-hour in December of 2010 and a record low of 513 Gigawatt-hour in June of 2012. This page has Electricity Production values for Croatia.

The Gross Domestic Product (GDP) in Croatia expanded 2.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Croatia averaged 1.93 percent from 1998 until 2019, reaching an all time high of 6.60 percent in the second quarter of 2003 and a record low of -8.60 percent in the first quarter of 2009. Croatia joined the European Union in 2013, following a decade-long application process. Croatia's main industries are tourism, ICT, automotive, food, pharmaceutical, logistics, metal and textile. On the expenditure side, household consumption is the main component of GDP and accounts for 60 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 46 percent of GDP while imports account for 44 percent, adding 2 percent of total GDP. This page provides - Croatia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Croatia decreased to 1675 Thousand in the fourth quarter of 2019 from 1704 Thousand in the third quarter of 2019. Employed Persons in Croatia averaged 1563.43 Thousand from 1998 until 2019, reaching an all time high of 1704 Thousand in the third quarter of 2019 and a record low of 1344 Thousand in the first quarter of 2013. In Croatia, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Croatia Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Croatia was last recorded at 2.50 percent. Interest Rate in Croatia averaged 80.62 percent from 1992 until 2020, reaching an all time high of 4290.85 percent in September of 1993 and a record low of 2.50 percent in October of 2015. In Croatia, interest rate decisions are taken by the Croatian National Bank. The main interest rate is the Overnight Credit Rate. The Croatian National Bank administers benchmark interest rates for loans and discounts separately. This page provides the latest reported value for - Croatia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

ICU Beds in Croatia averaged 394.77 per 100K people from 2012 until 2014, reaching an all time high of 398.84 per 100K people in December of 2014 and a record low of 389.29 per 100K people in December of 2012. This page includes a chart with historical data for Croatia ICU Beds.

Housing Index in Croatia increased to 124.90 points in the fourth quarter of 2019 from 121.36 points in the third quarter of 2019. Housing Index in Croatia averaged 107.14 points from 2005 until 2019, reaching an all time high of 126.34 points in the third quarter of 2008 and a record low of 80.89 points in the first quarter of 2005. In Croatia, the House Price Index measures residential property market prices. The HPI captures price changes of all kinds of residential property purchased by households (flats, detached houses, terraced houses, etc.), both new and existing. Only market prices are considered, self-build dwellings are therefore excluded. The land component of the residential property is included. This page provides - Croatia Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Croatia remained unchanged at 13 BBL/D/1K in December from 13 BBL/D/1K in November of 2019. Crude Oil Production in Croatia averaged 19.54 BBL/D/1K from 1994 until 2019, reaching an all time high of 39 BBL/D/1K in February of 1994 and a record low of 10 BBL/D/1K in July of 2014. This page provides the latest reported value for - Croatia Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The inflation rate in Croatia was recorded at 0.60 percent in March of 2020. Inflation Rate in Croatia averaged 2.20 percent from 1999 until 2020, reaching an all time high of 8.43 percent in July of 2008 and a record low of -1.80 percent in May of 2016. In Croatia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (27.9 percent of total weight) followed by Housing and Utilities (16.2 percent), Transport (12.6 percent), Miscellaneous Goods and Services(7.5 percent); Clothing and Footwear (6.5 percent) and Recreation and Culture (6 percent). Communication; Alcoholic Beverages and Tobacco; Furniture, Household Goods and Maintenance; Restaurant and Hotels; Health and Education account for the remaining 23.3 percent of total weight. This page provides the latest reported value for - Croatia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Price Index CPI in Croatia increased to 102.50 points in March from 102.30 points in February of 2020. Consumer Price Index CPI in Croatia averaged 87.63 points from 1998 until 2020, reaching an all time high of 103.20 points in October of 2019 and a record low of 63.70 points in January of 1998. In Croatia, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. This page provides - Croatia Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Croatia decreased to 100 points in March from 100.40 points in February of 2020. Cpi Housing Utilities in Croatia averaged 76.67 points from 1998 until 2020, reaching an all time high of 101.10 points in July of 2019 and a record low of 45.20 points in January of 1998. This page provides - Croatia Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Croatia decreased to 97.90 points in March of 2020 from 101.10 points in February of 2020. CPI Transportation in Croatia averaged 99.82 points from 2016 until 2020, reaching an all time high of 105.30 points in October of 2018 and a record low of 93 points in February of 2016. This page provides - Croatia Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Croatia increased 1.50 percent in March of 2020 over the same month in the previous year. Core Inflation Rate in Croatia averaged 1.73 percent from 1999 until 2020, reaching an all time high of 6.90 percent in July of 2008 and a record low of -1.80 percent in June of 2010. In Croatia, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. This page provides the latest reported value for - Croatia Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Unemployment Rate in Croatia increased to 8.60 percent in March from 8.30 percent in February of 2020. Unemployment Rate in Croatia averaged 16.87 percent from 1996 until 2020, reaching an all time high of 23.60 percent in January of 2002 and a record low of 6.70 percent in June of 2019. In Croatia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Croatia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment in Croatia increased by 0.70 in December of 2019. Employment Change in Croatia averaged 0.06 percent from 1995 until 2019, reaching an all time high of 2.80 percent in the third quarter of 2014 and a record low of -4.40 percent in the fourth quarter of 2012. In Croatia, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides - Croatia Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Croatia decreased to 62.20 percent in the fourth quarter of 2019 from 63 percent in the third quarter of 2019. Employment Rate in Croatia averaged 56.57 percent from 2002 until 2019, reaching an all time high of 63 percent in the third quarter of 2019 and a record low of 50.70 percent in the first quarter of 2013. In Croatia, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Croatia Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Croatia recorded a government budget surplus of 2190.40 HRK Million in September of 2019. Government Budget Value in Croatia averaged -505.11 HRK Million from 2004 until 2019, reaching an all time high of 3033.80 HRK Million in April of 2019 and a record low of -5537.90 HRK Million in December of 2008. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Croatia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Croatia increased to 434076.80 HRK Million in February from 430472.50 HRK Million in January of 2020. Banks Balance Sheet in Croatia averaged 233180.40 HRK Million from 1993 until 2020, reaching an all time high of 434076.80 HRK Million in February of 2020 and a record low of 37395.70 HRK Million in December of 1993. This page provides - Croatia Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt in Croatia increased to 293019.90 HRK Million in December from 292928.50 HRK Million in November of 2019. Government Debt in Croatia averaged 153942.02 HRK Million from 1995 until 2019, reaching an all time high of 297858.90 HRK Million in October of 2019 and a record low of 26042.90 HRK Million in June of 1996. This page provides - Croatia Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Croatia decreased 4.90 percent in March of 2020 over the same month in the previous year. Industrial Production in Croatia averaged 1.12 percent from 1999 until 2020, reaching an all time high of 15.10 percent in December of 2016 and a record low of -13.30 percent in June of 2009. In Croatia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Croatia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Croatia decreased 2.70 percent in March of 2020 over the previous month. Industrial Production Mom in Croatia averaged 0.09 percent from 1998 until 2020, reaching an all time high of 8.70 percent in June of 2000 and a record low of -9 percent in January of 2012. This page provides the latest reported value for - Croatia Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Loans to Private Sector in Croatia increased to 33494.30 HRK Million in March from 32380.80 HRK Million in February of 2020. Loans to Private Sector in Croatia averaged 45753.84 HRK Million from 1994 until 2020, reaching an all time high of 96219.50 HRK Million in February of 2012 and a record low of 6831.60 HRK Million in June of 1994. This page provides - Croatia Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Croatia decreased to 14629.53 HRK Million in March from 15803.06 HRK Million in February of 2020. Imports in Croatia averaged 8611.43 HRK Million from 1993 until 2020, reaching an all time high of 17588.94 HRK Million in May of 2019 and a record low of 126.80 HRK Million in January of 1993. Croatia is mostly an exporter of transport equipment, machinery, textiles, chemicals, foodstuffs and fuels. On the other hand, Croatian is an importer of machinery, transport and electrical equipment, fuels and lubricans and foodstuffs. Croatia's mainly exports to Italy, Bosnia and Herzegovina, Germany, Slovenia, Austria and Serbia. This page provides - Croatia Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Croatia stands at BBB- with stable outlook. Moody's credit rating for Croatia was last set at Ba2 with positive outlook. Fitch's credit rating for Croatia was last reported at BBB- with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Croatia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Croatia as reported by major credit rating agencies.

Croatia recorded 2176 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Croatia reported 86 Coronavirus Deaths. This page includes a chart with historical data for Croatia Coronavirus Cases.

Croatia recorded 87 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Croatia reported 2176 Coronavirus Cases. This page includes a chart with historical data for Croatia Coronavirus Deaths.

Croatia recorded 1726 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Croatia reported 87 Coronavirus Deaths. This page includes a chart with historical data for Croatia Coronavirus Recovered.

Business Confidence in Croatia decreased to -29.40 points in April from -1.60 points in March of 2020. Business Confidence in Croatia averaged -3.28 points from 2008 until 2020, reaching an all time high of 17.70 points in February of 2018 and a record low of -29.40 points in April of 2020. This page provides - Croatia Business Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news.