Croatia today becomes latest nation to enter the European Union. This itself is a remarkable achievement as less than 20 years ago, Croatia was a party to a fratricidal war that tried to break the former Yugoslavia into ethnically pure geographic regions and included the mass murder of civilians of other ethnic groups.
Although it is now long over, the EU’s newest member still faces considerable economic and demographic challenges to bring it in line with EU norms. Life expectancy at birth for men, for example, lags the rest of the EU by nearly four years and its GDP per capita is only 61 per cent of the EU average.
Moreover, it cannot count on a growing population to boost its economic output; its fertility rate at 1.4 per woman is not only below the level needed to keep population stable, it is lower than the EU average of 1.57 births per woman.
Source: Thomson Reuters Datastream Read more