After six years of contraction, Croatia’s economy has returned to a growth pattern. The turnaround has been backed by rising external demand and a mild recovery in household consumption and investments. GDP growth is expected to firm up over the years to come, fuelled primarily by EU-funded investments. Fiscal consolidation and deleveraging on the part of enterprises are the major obstacles to sustainable growth.

map Croatia
Main Economic Indicators201220132014201520162017
Population, 1000 persons.426942544236...
GDP, real change in %-2.2-1.1-
GDP per capita (EUR at PPP)160001610016000...
Gross industrial production, real change in %-5.5-1.81.2...
Unemployment rate - LFS, in %, average16.017.317.317.016.516.0
Average gross monthly wages, EUR104810481042...
Consumer prices, % p.a.
Fiscal balance in % of GDP-5.3-5.4-5.6...
Public debt in % of GDP69.280.885.1...
Current account in % of GDP-
FDI inflow, EUR mn11337032893...
Gross external debt in % of GDP103.0105.6108.4...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


CROATIA: Mild recovery

Hermine Vidovic
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, , pp. 69-72
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Monthly Report No. 7-8/2015

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
25 pages including 1 Table and 2 Figures