Ministers
Mate GRANIC, Vladimir SEKS, Borislav SKEGRO (since NA)
Member of:
CEI, CSCE, ECE, ICAO, IMO, IOM (observer), UN, UNCTAD, UNESCO, UNIDO, UPU,
WHO
Diplomatic representation in US:
chief of mission:
Ambassador Peter A. SARCEVIC
chancery:
2356 Massachusetts Avenue, NW, Washington, DC 20036
telephone:
(202) 543-5586
US diplomatic representation:
chief of mission:
(vacant)
embassy:
Andrije Hebranga 2, Zagreb
mailing address: AMEMB Unit 25402, APO AE 09213-5080
telephone:
[38] (41) 444-800
FAX:
[38] (41) 440-235
Flag:
red, white, and blue horizontal bands with Croatian coat of arms (red and
white checkered)

*Croatia, Economy

Overview:
Before the dissolution of Yugoslavia, the republic of Croatia, after
Slovenia, was the most prosperous and industrialized area, with a per capita
output roughly comparable to that of Portugal and perhaps one-third above
the Yugoslav average. Croatian Serb Nationalists control approximately one
third of the Croatian territory, and one of the overriding determinants of
Croatia's long-term political and economic prospects will be the resolution
of this territorial dispute. Croatia faces monumental problems stemming
from: the legacy of longtime Communist mismanagement of the economy; large
foreign debt; damage during the fighting to bridges, factories, powerlines,
buildings, and houses; the large refugee population, both Croatian and
Bosnian; and the disruption of economic ties to Serbia and the other former
Yugoslav republics, as well as within its own territory. At the minimum,
extensive Western aid and investment, especially in the tourist and oil
industries, would seem necessary to salvage a desperate economic situation.
However, peace and political stability must come first. As of June 1993,
fighting continues among Croats, Serbs, and Muslims, and national boundaries
and final political arrangements are still in doubt.
National product:
GDP - purchasing power equivalent - $26.3 billion (1991 est.)
National product real growth rate:
-25% (1991 est.)
National product per capita:
$5,600 (1991 est.)
Inflation rate (consumer prices):
50% (monthly rate, December 1992)
Unemployment rate:
20% (December 1991 est.)
Budget:
revenues $NA; expenditures $NA, including capital expenditures of $NA
Exports:
$2.9 billion (1990)
commodities:
machinery and transport equipment 30%, other manufact