Croatia: Trade War Winds Blowing From Serbia

Croatia, the War, and the Future

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The contribution of domestic agricultural and fishing industries income is about 5% of Croatia’s GDP and that is a trend that roughly follows other, more developed countries and one would not like to see the contribution on a downward spiral. Agriculture has always been and is likely to remain for some time, an important component of the Croatian economy regardless of its relatively low contribution to GDP (service industry’s contribution is around 70%). What is worrying, though, is that developed countries’ relatively low agricultural contribution to GDP is not due to reductions of outputs but rather due to relative growth of manufacturing and service-based industries, while in Croatia the relatively low contribution of agriculture and fisheries follows reduction of outputs due to failing agricultural concerns as well as impositions of EU quotas that often call for limits/reductions in Croatia’s outputs. Hence. further unemployment and increasing reliance on…

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