Croatia

map Croatia
Croatia’s GDP growth reached 3.9% in 2024, helped along by the inflow of EU funds, its 2023 accession to the euro area and its membership of the EU’s border-free Schengen zone. Although growth is expected to slow to 3% in 2025 and 2.8% in 2026, owing to moderating domestic demand, it will still surpass that in the euro area. Tourism remains the main driver of growth, while the lack of skilled workers continues to pose an obstacle to higher growth. Inflation reached 4% in 2024 and will likely decline to 3.7% this year, remaining above the European Central Bank target over the forecast horizon.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons385738563868...
GDP, real change in %7.33.33.93.02.82.7
GDP per capita (EUR at PPP)258802897030490...
Gross industrial production, real change in %1.2-0.3-1.9...
Unemployment rate - LFS, in %, average6.86.15.04.94.95.0
Average gross monthly wages, EUR138015841821...
Consumer prices, % p.a.10.78.44.03.72.92.8
Fiscal balance in % of GDP0.1-0.8-2.0-2.4-2.2-1.9
Public debt in % of GDP68.561.857.6...
Current account in % of GDP-3.50.1-2.2-1.3-1.1-1.0
FDI inflow, EUR m370632584182...
Gross external debt in % of GDP73.878.066.6...


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. 7-8/2025

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej Grodzicki, Ioannis Gutzianas, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 7-8, July-August 2025
38 pages including 5 Tables and 3 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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