Croatia

map Croatia
After around 3% in 2025, economic growth is expected to moderate this year, though it will remain above the euro area average. Last year, growth was driven by domestic demand, while the contribution of net exports was negative. Household consumption continued to be supported by a tight labour market, rising wages and low unemployment. In 2026, growth is projected to slow only slightly, to 2.8%, primarily reflecting elevated inflation (estimated to reach 3.3% in 2026), stabilisation of domestic demand, softer export performance and ongoing global uncertainties. Looking ahead, real GDP is projected to expand by 2.7% in 2027 and 2028, supported by domestic demand, while net exports are likely to act as a drag on growth.
        FORECAST*
Main Economic Indicators202320242025202620272028
Population, 1000 persons385638683849...
GDP, real change in %3.83.83.22.82.72.7
GDP per capita (EUR at PPP)2985031050....
Gross industrial production, real change in %-0.3-1.93.3...
Unemployment rate - LFS, in %, average6.15.04.94.95.04.9
Average gross monthly wages, EUR158418212016...
Consumer prices, % p.a.8.44.04.43.32.92.7
Fiscal balance in % of GDP-0.8-2.0-2.8-2.0-1.9-1.9
Public debt in % of GDP60.957.457.0...
Current account in % of GDP0.1-2.2-3.0-3.0-2.0-1.0
FDI inflow, EUR m32584182....
Gross external debt in % of GDP76.966.471.0...


Basic data are continuously updated.

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

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Monthly Report No. 1/2026

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej Grodzicki, Ioannis Gutzianas, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Biljana Jovanovikj, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Marina Tverdostup
wiiw Monthly Report No. 1, January 2026
58 pages including 6 Tables and 15 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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