Croatia

Croatia’s economy continues on its path of recovery, with annual GDP growth of up to 3% in the period 2017-2019. Household consumption will remain the main driver, but investments, fuelled by EU funding, will play an important role as well. Demographic changes, coupled with continued emigration, will become a major challenge in the future.

map Croatia
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons423642084172...
GDP, real change in %-0.12.33.03.02.73.0
GDP per capita (EUR at PPP)163001700017500...
Gross industrial production, real change in %1.22.75.3...
Unemployment rate - LFS, in %, average17.316.213.113.012.011.5
Average gross monthly wages, EUR104210581029...
Consumer prices, % p.a.0.2-0.3-0.61.31.61.6
Fiscal balance in % of GDP-5.1-3.3-0.9...
Public debt in % of GDP85.885.482.9...
Current account in % of GDP2.04.52.53.02.01.9
FDI inflow, EUR mn22971961694...
Gross external debt in % of GDP107.0101.990.0...


Basic data are continuously updated.

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

publication_icon

CROATIA: Reasonable growth prospects

Hermine Vidovic
in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 63-66
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Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, 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. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures

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