Croatia

Croatia’s economy will continue its path of moderate growth, with annual GDP growth of slightly below 3% in the period 2018-2020; increasing the absorption of EU funds will be an important precondition for achieving this growth rate. Demographic changes, coupled with continued emigration of young and educated people and rising labour shortages in crucial sectors, will become a major challenge in the future.

map Croatia
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons417241304100...
GDP, real change in %3.52.92.72.62.7.
GDP per capita (EUR at PPP)179001850019400...
Gross industrial production, real change in %5.31.4-1.0...
Unemployment rate - LFS, in %, average13.111.28.89.08.8.
Average gross monthly wages, EUR102910791139...
Consumer prices, % p.a.-0.61.31.62.02.0.
Fiscal balance in % of GDP-0.90.90.3...
Public debt in % of GDP80.277.573.3...
Current account in % of GDP2.64.02.71.51.3.
FDI inflow, EUR mn176417871100...
Gross external debt in % of GDP89.381.876.0...


Basic data are continuously updated.

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

publication_icon

Monthly Report No. 12/2018

Amat Adarov, Mario Holzner, Olga Pindyuk and Goran Vuksic
wiiw Monthly Report No. 12, December 2018
45 pages including 37 Figures

Details

publication_icon

CROATIA: Low absorption of EU funds holding back growth

Hermine Vidovic
in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 76-79
Details and Buy


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