Browse a full set of economic indicators

Croatia

Includes Croatia real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Croatia economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Croatia best banks and safest banks are also available.

Basic Information

Government Type: Parliamentary  democracy

Capital City: Zagreb

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Croatian National Bank
Currency Kuna (HRK)
International Reserves USD 23.25 billion (2020)
World Bank, last updated 12/16/2021
Gross Domestic Product – GDP USD 63.40 billion (2021 estimate)
IMF – World Economic Outlook, October 2021
GDP (Purchasing Power Parity) USD 124.78 billion (2021 estimate)
IMF – World Economic Outlook, October 2021

GDP Data

Real GDP growth 2017 3.4%
2018 2.8%
2019 2.9%
2020* –8%
2021* 6.3%

*Estimate
GDP per capita – current prices USD 15,807.70 (2021 estimate)
IMF – World Economic Outlook, October 2021
GDP per capita – PPP USD 31,112.00 (2021 estimate)
IMF – World Economic Outlook, October 2021
GDP (PPP) – share of world total
0.09% (2021 estimate)
GDP – composition by sector agriculture: 3.3%
industry: 21.5%
services: 58.9%
(2020 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2017 1.1%
2018 1.5%
2019 0.8%
2020* 0.1%
2021* 2%

*Estimate

Inflation & Debt

Inflation 2017 1.1%
2018 1.5%
2019 0.8%
2020* 0.1%
2021* 2%

*Estimate
Government Bond Ratings Standard & Poor’s: BBB–

Moody’s: Ba1

Standard & Poor’s / Moody’s (January 2022)
Unemployment rate 2017 12.4%
2018 9.9%
2019 7.8%
2020* 9%
2021* 8.4%

*Estimate
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2017 77.5%
2018 74.3%
2019 72.8%
2020* 88.7%
2021* 87%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2017 3.2%
2019 2.3%
2019 2.3%
2020* –5.7%
2021* –2.6%

*Estimate

Market value of publicly traded shares USD 22.2 billion (2020) World Bank / Market capitalization
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 42% (2020)
World Bank – World Development Indicators (updated Feb 2022
Shares in world total merchandising export 0.1% (2020)
Shares in world total commercial services export 0.2% (2020)
Total exports USD 23.5 billion (2020 estimate)
Export commodities Refined petroleum, packaged medicines, cars, medical cultures/vaccines, lumber (2019)
Total imports USD 27.5 billion (2020 estimate)
Import commodities Crude petroleum, cars, refined petroleum, packaged medicines, electricity (2019)

Exports – major partners Italy 13%, Germany 13%, Slovenia 10%, Bosnia and Herzegovina 9%, Austria 6%, Serbia 5% (2019)

Imports – major partners Italy 14%, Germany 14%, Slovenia 11%, Hungary 7%, Austria 6% (2019)

Competitiveness & Trade

Current account balance USD -0.06 billion (2021 estimate)
IMF – World Economic Outlook, October 2021
Current account balance by percentage of GDP -0.1% (2021 estimate)
IMF – World Economic Outlook, October 2021
FDI inflows 2018 USD 1,808 million
2019 USD 2,037 million
2020 USD 1,159 million
FDI Outflows 2018 USD 1,808 million
2019 USD 2,037 million
2020 USD 1,159 million
Value of cross-border M&A, by country of purchaser N/A
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

51 out of 190 countries

​Subcategories:

Starting a Business: 114 out of 190 countries
Dealing with Construction Permits: 150 out of 190 countries
Getting Electricity: 37 out of 190 countries
Registering Property: 38 out of 190 countries
Getting Credit: 104 out of 190 countries
Protecting Minority Investors: 37 out of 190 countries
Paying Taxes: 49 out of 190 countries
Trading across Borders: 1 out of 190 countries
Enforcing Contracts: 27 out of 190 countries
Resolving Insolvency: 63 out of 190 countries
World Bank – Doing Business 2020
Global competitiveness ranking 44 out of 141 countries

(2019)
Index of Economic Freedom Ranking: 45 / Score: 67.6 (Moderately Free)
The Heritage Foundation – 2022 Index of Economic Freedom

Population & Geographic Data

Total Area 28,748 sq km


Total Population 1990 4.78 million
2000 4.47 million
2010 4.3million
2015 4.2 million
2020 4.05 million
Urban population as % of total population 1960 30.2%
1980 47.3%
2000 53.4
2020 57.6%
Population median age 43.9 years (2022 est.)
Population growth rate -0.47% (2022 est.)
Life expectancy 77.2 years (2022 est.


CIA World Factbook / Life expectancy
% of population living on less than $3.10 a day 0.6% (last available estimate, 2019)
Inequality of wealth distribution (Gini index) 28.9 (last available estimate, 2019)
Freedom House rating Total score: 85/100

Status: Free

Political Rights: 36/40

Civil Liberties: 49/60 (2022)
Total telephone subscribers as % of population Fixed: 31.7%

Mobile: 106.6% (2020) (fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 78.3% (2020)

Language & Religon

Languages Croatian (official) 95.6%, Serbian 1.2%, other 3% (including Hungarian, Czech, Slovak, and Albanian), unspecified 0.2% (2011 est.)
Literacy
Total population: 99.3%

Male: 99.7%

Female: 98.9% (2015)

Definition: age 15 and over can read and write
Religions Roman Catholic 86.3%, Orthodox 4.4%, Muslim 1.5%, other 1.5%, unspecified 2.5%, not religious or atheist 3.8% (2011 est.)

World Rankings

Population 4.05 million
Mercer Cost of living index N/A
C02 Emissions per capita 4.1 metric tons per capita (2018)

Global Finance Rankings & Awards: Croatia

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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