FANDOM


Republika Hrvatska
Republic of Croatia

Flag of Croatia Coat of Arms of Croatia
Anthem
Lijepa naša domovino
Our beautiful homeland
Map of Croatia
CapitalZagreb
Government Republic and parliamentary democracy
President
- From 2010Ivo Josipović
Prime Minister
- From 2009Jadranka Kosor
Legislature Sabor
History
October 8, 1991Declaration of independence
NATO accessionApril 1, 2009
Area56,594 km²
Population
- 20104,486,881
 Density79.2/km²
GDP2010 (PPP)
- TotalUS$ 79 billion
- Per capitaUS$ 17,609
CurrencyKuna
Flag of Yugoslavia Yugoslavia
Flag of SR Croatia Croatia
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The Republic of Croatia is a parliamentary democracy in the Balkans.


Background

The lands that today comprise Croatia were part of the Austro-Hungarian Empire until the close of World War I. In 1918, the Croats, Serbs, and Slovenes formed a kingdom known after 1929 as Yugoslavia. Following World War II, Yugoslavia became a federal independent Communist state under the strong hand of Marshal TITO. Although Croatia declared its independence from Yugoslavia in 1991, it took four years of sporadic, but often bitter, fighting before occupying Serb armies were mostly cleared from Croatian lands. Under UN supervision, the last Serb-held enclave in eastern Slavonia was returned to Croatia in 1998. In April 2009, Croatia joined NATO; it is a candidate for eventual EU accession.[1]

Economy

Once one of the wealthiest of the Yugoslav republics, Croatia's economy suffered badly during the 1991-95 war as output collapsed and the country missed the early waves of investment in Central and Eastern Europe that followed the fall of the Berlin Wall. Between 2000 and 2007, however, Croatia's economic fortunes began to improve slowly, with moderate but steady GDP growth between 4% and 6% led by a rebound in tourism and credit-driven consumer spending. Inflation over the same period has remained tame and the currency, the kuna, stable. Nevertheless, difficult problems still remain, including a stubbornly high unemployment rate, a growing trade deficit and uneven regional development. The state retains a large role in the economy, as privatization efforts often meet stiff public and political resistance. While macroeconomic stabilization has largely been achieved, structural reforms lag because of deep resistance on the part of the public and lack of strong support from politicians. The EU accession process should accelerate fiscal and structural reform. While long term growth prospects for the economy remain strong, Croatia will face significant pressure as a result of the global financial crisis. Croatia's high foreign debt, anemic export sector, strained state budget, and over-reliance on tourism revenue will result in higher risk to economic stability over the medium term.[2]

President

  • Ivo Josipović () (February 18, 2010 - )


Prime Minister

  • Jadranka Kosor () (July 6, 2009 - )

Nation

Croatian Polities

Neighbouring Nations

References

  1. The CIA World Factbook: Introduction - Background
  2. The CIA World Factbook: Economy - Overview

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