wiiw Forecast Reports

CROATIA: Tourism to keep economy afloat


Bernd Christoph Ströhm

in: Beneath the Veneer of Calm
wiiw Forecast Report No. Autumn 2023, October 2023 , pp. 64-67

Croatia’s accession to the euro area and the EU’s border-free Schengen zone boosted tourism in 2023. The country’s full EU integration will also provide a fillip to trade and investment in the long term. EU related funds were already supporting investment activity in the country in 2022, and have continued to do so this year. Nevertheless, persistently high levels of inflation have put real incomes, external demand and investment sentiment under pressure, which is why we have maintained our growth forecast for 2023 of 2.5%.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Croatia