Data on the the frontier market country of Croatia:
Croatia is a frontier stock market that is worth investing in, according to Franklin Templeton Investments.
The economy in Croatia is estimated to grow over five percent in 2008 and, like the Japanese market 50 years ago, Croatia could very well become a major emerging market, according to Templeton.
Mark Mobius, a portfolio manager at Templetons, said that despite the pessimism that has descended on developed market economies, there is still a much new growth today in frontier markets and opportunities for ETFs.
The Croatian economic minister, Damir Polancec, told a conference that the government is planning to reach seven % annual growth within the next four years.
Croatia, now being included in various Frontier Market exchange traded funds, was once one of the wealthiest of the Yugoslavia republics, but Croatia's economy suffered badly during the 1991-95 war as economic output collapsed and the country sadly missed the early waves of investment in the Central and Eastern Europe countries that followed the fall of the Berlin Wall. Since 2000, it has been a different story in that Croatia's economic fortunes have begun to improve, with steady but moderate GDP growth between 4% and 6% led by a strong rebound in tourism and credit-driven consumer spending. Inflation rate over that period has remained tame and the currency remained stable. But difficult problems still remain, including a very high unemployment rate, uneven regional development, a growing trade deficit.
- GDP (purchasing power parity):
$69.44 billion (2007)
- GDP (official exchange rate):
$50.96 billion (2007)
- GDP - real growth rate: