## Republic of Croatia: Selected Issues

_IMF Staff Country Reports, June 29, 2023_

## Source details

**Canonical URL:** [Republic of Croatia: Selected Issues](https://www.imf.org/en/publications/cr/issues/2023/06/27/republic-of-croatia-selected-issues-535357)

## Other formats

- [Markdown version](/en/publications/cr/issues/2023/06/27/republic-of-croatia-selected-issues-535357/index.md)
- [Structured JSON version](/en/publications/cr/issues/2023/06/27/republic-of-croatia-selected-issues-535357/index.json)
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## Bibliographic details
- Published: June 29, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400246937.002

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### Overview
- Publication date: June 29, 2023
- Format: IMF Staff Country Report No. 2023/234
- Pages: 43
- Volume: 2023
- Issue: 234
- DOI: https://doi.org/10.5089/9798400246937.002
- ISBN: 9798400246937
- ISSN: 1934-7685
- Subject tags included in the source: Carbon tax, Climate change, Environment, Greenhouse gas emissions, International organization, Monetary policy, Natural disasters, Taxes
- Keywords included in the source: Carbon tax, Climate change, Croatia's GHG emission, Europe, Global, goods export comparative advantage, goods export competitiveness, goods export diversification, goods export structure, Greenhouse gas emissions, Natural disasters

### Findings on goods export competitiveness
- The paper examines competitiveness of Croatia’s goods exports using Revealed Comparative Advantage (RCA) with cross-country comparison.
- Croatia has demonstrated goods export competitiveness beyond the tourism sector.
- Over the past few decades, Croatia’s share of exports of goods with comparative advantage:
  - Exhibited a positive correlation with Croatia’s real income growth.
  - Exhibited a negative correlation with Croatia’s growth volatility.
- Croatia’s export structure shows a relatively modest status in medium- and high-technology goods compared to other Eurozone countries.
- The paper emphasizes that raising productivity is important for Croatia to unleash capacity for a higher and more resilient growth.

### Machine-learning analysis and diversification potential
- The study uses a machine-learning approach applied to worldwide product-level data to forecast Croatia’s goods export portfolio.
- Machine-learning-based analysis suggests:
  - Croatia has potential to export a higher share of manufacturing goods in its export portfolio.
  - The potential is especially notable for technology-intensive manufacturing goods.

### Policy implications and recommendations
- Prioritize policies that raise productivity to enable higher and more resilient growth.
- Promote diversification toward manufacturing and technology-intensive exports, leveraging identified potential from the machine-learning forecasts.
- Use insights from RCA and cross-country comparisons to target sectors where Croatia can build or strengthen comparative advantage.

### Key statistics and identifiers (as presented in source)
- Pages: 43
- DOI: https://doi.org/10.5089/9798400246937.002
- ISBN: 9798400246937
- ISSN: 1934-7685

*International Monetary Fund. European Dept. "Republic of Croatia: Selected Issues", IMF Staff Country Reports 2023, 234 (2023).*

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## Content in this bundle

- **Republic of Croatia: Selected Issues; IMF Country Report No. 23/234; June 7, 2023**
  - [Republic of Croatia: Selected Issues; IMF Country Report No. 23/234; June 7, 2023 (Markdown version)](/-/media/files/publications/cr/2023/english/1hrvea2023003.pdf.md){rel="alternate" type="text/markdown"}
  - [Republic of Croatia: Selected Issues; IMF Country Report No. 23/234; June 7, 2023 (PDF)](/-/media/files/publications/cr/2023/english/1hrvea2023003.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2023/06/27/republic-of-croatia-selected-issues-535357_