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 Indicators201520162017201820192020
Population, 1000 persons420841724150...
GDP, real change in %2.43.52.92.52.62.7
GDP per capita (EUR at PPP)172001760018400...
Gross industrial production, real change in %2.75.31.4...
Unemployment rate - LFS, in %, average16.213.111.29.89.08.8
Average gross monthly wages, EUR105810291079...
Consumer prices, % p.a.-0.3-0.61.31.62.02.0
Fiscal balance in % of GDP-3.4-0.90.9...
Public debt in % of GDP83.780.277.5...
Current account in % of GDP4.52.64.02.71.51.3
FDI inflow, EUR mn19117571762...
Gross external debt in % of GDP101.789.381.8...


Basic data are continuously updated.

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

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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
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Monthly Report No. 6/2018

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 6, June 2018
27 pages including 1 Table and 1 Figure

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