In Croatia GDP fell for the sixth consecutive year; however, the country is likely to return to a slightly positive growth path in 2015. Household consumption remains subdued owing to high and persistent unemployment and continued deleveraging. Economic recovery will hinge primarily on external demand, and a revival in investment activities following increased absorption of EU funds. Fiscal consolidation and an overly indebted enterprise sector are the key obstacles to more robust growth.

map Croatia
Main Economic Indicators201220132014201520162017
Population, 1000 persons.426942544245...
GDP, real change in %-2.2-0.9-
GDP per capita (EUR at PPP)157001580015800...
Gross industrial production, real change in %-5.5-1.81.2...
Unemployment rate - LFS, in %, average16.017.317.317.516.516.0
Average gross monthly wages, EUR104810481042...
Consumer prices, % p.a.
Fiscal balance in % of GDP-5.3-5.4-5.7...
Public debt in % of GDP69.280.685.0...
Current account in % of GDP-
FDI inflow, EUR mn11097352876...
Gross external debt in % of GDP103.0105.3107.9...

Basic data are continuously updated.

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


CROATIA: Hope for a reversal of the negative growth trend

Hermine Vidovic
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 53-55
Details and Buy


Monthly Report No. 7-8/2014

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures