DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4e1ba7/croatia_retail_rep) has announced the addition of the "Croatia Retail Report Q1 2011" report to their offering.
Business Monitor International's Croatia Retail Report provides industry professionals and strategists, corporate analysts, retail associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Croatia's retail industry.
The Q111 BMI Croatia Retail report forecasts that the countrys total retail sales will rise by more than 12% between 2011 and 2014, growing from a predicted HRK81.61bn (US$15.90bn) to HRK91.77bn (US$17.88bn). Contributing to average annual retail sales growth of 3.6% are higher disposable incomes, consumers seeking the choice and low prices offered by foreign and domestic chains, easier access to credit and forthcoming EU accession.
Croatias nominal GDP in 2011 is predicted to be US$61.2bn, with growth of 1.8% forecast for the year, up from -0.4% in 2010. Average annual GDP growth of 3.4% is predicted by BMI between 2011 and 2015. Although the population is forecast to remain static throughout the forecast period at 4.4mn, GDP per capita is forecast to rise, reaching US$18,001 by 2015. Their forecast for consumer spending per capita is for an increase from US$8,213 in 2011 to US$9,749 by 2014.
The strong tourism industry in Croatia should continue to boost retail sales across all sectors, especially if the developing recovery in the last months of 2010 persists. Croatia is the 18th most popular tourist destination in the world, receiving more than 11mn foreign tourists in 2008 and generating about EUR8bn (US$10bn) in revenue. The 3% year-on-year (y-o-y) decline in tourist arrivals over January-December 2009 was a result of key tourist groups from the eurozone tightening their belts rather than from any fundamental decline in Croatias popularity as a tourist destination. Tourist arrivals increased by 6% y-oy to 6.2mn by September 2010, but it is likely to be well into 2011 before the recovery really gathers pace.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Business Environment Outlook
- Croatias Retail Rating
- Market Overview
- Industry Forecast Scenario
- Croatia Mass Grocery Retail SWOT
- Consumer Electronics
- Automotives
- Methodology
For more information visit http://www.researchandmarkets.com/research/4e1ba7/croatia_retail_rep