Croatia

map Croatia
Croatia’s accession to the EU’s border-free Schengen zone and the euro area continued to boost tourism, while EU funds have supported investment activity in 2024. The country’s full EU integration will encourage trade and investment over the 2025-2027 outlook. A lower unemployment rate and reduced price pressures will also help private consumption. That and a strong showing by services exports should bring economic growth in 2024 to 3.3%, while inflation is projected to decline to 3.6%.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons38573856....
GDP, real change in %7.33.33.53.03.0.
GDP per capita (EUR at PPP)2588028970....
Gross industrial production, real change in %1.2-0.3....
Unemployment rate - LFS, in %, average6.86.15.05.65.6.
Average gross monthly wages, EUR13801584....
Consumer prices, % p.a.10.78.44.02.92.5.
Fiscal balance in % of GDP0.1-0.9-2.3-1.2-1.2.
Public debt in % of GDP68.561.8....
Current account in % of GDP-3.20.70.00.81.1.
FDI inflow, EUR m37273088....
Gross external debt in % of GDP73.878.0....


Basic data are continuously updated.

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

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Monthly Report No. 7-8/2024

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Meryem Gökten, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 7-8, July-August 2024
45 pages including 5 Tables and 12 Figures

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII Details

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