Republic of Croatia: Selected Issues

June 28, 2016

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Republic of Croatia: Selected Issues, (USA: International Monetary Fund, 2016) accessed December 26, 2024

Summary

This paper mainly examines fiscal decentralization, credit-loss recovery, and unemployment in Croatia. The degree of expenditure and revenue decentralization in Croatia appears limited relative to its peers. At about 16 percent of general government spending, subnational government spending in Croatia is modest compared to other southeastern European countries and to the EU-28 average, and particularly low compared to the most decentralized countries in the EU. Croatia’s recovery since late 2014 has been moderate. Croatia’s recession lasted six years and was thus the longest among the new EU member states. Croatia’s structural and cyclical unemployment rates are very high, at about 11.5 percent and 5 percent respectively in 2015.

Subject: Financial institutions, Labor, Minimum wages, Nonperforming loans, Public employment, Unemployment, Unemployment rate, Wages

Keywords: Central and Eastern Europe, City authorities, CR, Cyclical unemployment unemployment rate, Global, Government, Government structure, ISCR, Local government, Nonperforming loans, Public employment, Reservation wage, Subnational government, Unemployment, Unemployment rate, Unemployment trap, Wage, Wages

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/188
Stock No:

1HRVEA2016002
ISBN:

9781498321587
ISSN:

1934-7685

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