Croatia

map Croatia
Croatia’s GDP growth reached 3.8% in 2024, helped along by the inflow of EU funds, its 2023 accession to the euro area and its membership of the EU’s border-free Schengen zone. Tourism will again remain the main driver in 2025. Nevertheless, growth is projected to slow to 2.8% in 2025 and 2026, owing to a moderation of domestic demand and real income growth. Inflation reached 4% in 2024 and will gradually decline to below 3% in 2026, but will still remain above the euro area target over the forecast horizon.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons385738563850...
GDP, real change in %7.33.33.92.82.82.7
GDP per capita (EUR at PPP)258802897030520...
Gross industrial production, real change in %1.2-0.3-1.9...
Unemployment rate - LFS, in %, average6.86.15.04.94.94.8
Average gross monthly wages, EUR138015841821...
Consumer prices, % p.a.10.78.44.03.42.92.8
Fiscal balance in % of GDP0.1-0.8-2.4-2.2-2.0-1.9
Public debt in % of GDP68.561.857.6...
Current account in % of GDP-3.20.7-1.20.10.10.2
FDI inflow, EUR m372730884302...
Gross external debt in % of GDP73.878.065.6...


Basic data are continuously updated.

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

publication_icon

Monthly Report No. 1/2025

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej J. Grodzicki, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 1, January 2025
50 pages including 6 Tables and 13 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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