Croatia

map Croatia
Croatia’s economy grew strongly in the first half of 2022, thanks to robust household consumption. In addition, the summer tourist season was very solid. As a result, we have revised this year’s GDP forecast up from 3.3% to 5%. Despite record levels of inflation, the European Commission has also confirmed that Croatia is set to join the euro area next year. Nevertheless, the high inflation and the war in Ukraine still promise much uncertainty for 2023.
        FORECAST*
Main Economic Indicators201920202021202220232024
Population, 1000 persons406740473958...
GDP, real change in %3.4-8.613.15.02.53.1
GDP per capita (EUR at PPP)208001932023050...
Gross industrial production, real change in %0.6-2.76.3...
Unemployment rate - LFS, in %, average6.67.57.67.37.47.4
Average gross monthly wages, EUR118212231275...
Consumer prices, % p.a.0.80.02.79.56.03.0
Fiscal balance in % of GDP0.2-7.3-2.6-3.0-2.9-2.5
Public debt in % of GDP71.087.078.4...
Current account in % of GDP2.8-0.53.1-2.0-2.4-2.7
FDI inflow, EUR m350911083929...
Gross external debt in % of GDP72.579.676.9...


Basic data are continuously updated.

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

publication_icon

Executive summary

Branimir Jovanović
in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. I-VIII
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Monthly Report No. 7-8/2022

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Bernhard Moshammer, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 7-8, July-August 2022
58 pages including 4 Tables and 21 Figures

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