Croatia's current, capital account swings to surplus in 2023

The services sub-account recorded a significant annual increase, of 11.32%, to 14.60 billion euro in tourist revenue in 2023, it said in a press release.

Alone in the fourth quarter of 2023, the current and capital account of the balance of payments ran a deficit of 469 million euro, compared to a deficit of 1.102 billion euro in the same period of 2022. "The improvement was mostly due to a more favourable balance in the goods sub-account, which improved by 770 million euro from the same quarter of the year before, mostly owing to a steep fall in imports of 1.150 billion euro," it explained.

Details on Croatia's balance of payment follow (in millions of euro, unless otherwise stated):

($ = 0.926 euro)