Croatia

map Croatia
In 2021, Croatia’s GDP will grow more strongly than that of most EU-CEE member states, after the government succeeded in maintaining COVID-19 infections at a relatively low level during the summer season, which allowed tourism to do better than expected. With the economy further bolstered by a solid recovery in private consumption and by the influx of EU funds, we expect Croatia’s GDP to rebound by 7.2% in 2021.
        FORECAST*
Main Economic Indicators201820192020202120222023
Population, 1000 persons409140674047...
GDP, real change in %2.93.5-8.17.25.04.5
GDP per capita (EUR at PPP)196202080019450...
Gross industrial production, real change in %-1.00.6-2.7...
Unemployment rate - LFS, in %, average8.56.67.58.07.46.2
Average gross monthly wages, EUR113911821223...
Consumer prices, % p.a.1.60.80.02.21.91.8
Fiscal balance in % of GDP0.20.3-7.4-4.5-3.0-2.5
Public debt in % of GDP73.371.187.3...
Current account in % of GDP1.93.0-0.10.60.4-0.3
FDI inflow, EUR m107734771046...
Gross external debt in % of GDP80.872.579.9...


Basic data are continuously updated.

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

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Executive summary

Vasily Astrov
in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. I-VI
Details

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Monthly Report No. 7-8/2021

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 7-8, July-August 2021
42 pages including 4 Tables and 15 Figures

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