Economy - overview:
Though still one of the wealthiest of the former Yugoslav republics, Croatia’s economy suffered badly during the 1991-95 war. The country's output during that time collapsed, and Croatia missed the early waves of investment in Central and Eastern Europe that followed the fall of the Berlin Wall. Between 2000 and 2007, however, Croatia's economic fortunes began to improve with moderate but steady GDP growth between 4% and 6%, led by a rebound in tourism and credit-driven consumer spending. Inflation over the same period remained tame and the currency, the kuna, stable.Croatia experienced an abrupt slowdown in the economy in 2008 and is slowly recovering; economic growth was stagnant or negative in each year between 2009 and 2014, but has picked up since 2015. Difficult problems still remain including a stubbornly high unemployment rate, uneven regional development, and a challenging investment climate. Its stubbornly high unemployment rate is slowly coming down. In 2016 Croatia demonstrated a commitment to improving the business climate, simplifying its tax code to stimulate growth from domestic consumption and foreign investment. Even before 2016, Croatia has worked to become a regional energy player and plans to import liquefied natural gas through a prospective import terminal and re-export it to European consumers.On 1 July 2013, Croatia joined the EU, following a decade-long application process. Croatia will be a member of the European Exchange Rate Mechanism, with its currency effectively pegged to the euro, until it meets the criteria for joining the Economic and Monetary Union and adopts the euro as its currency. EU accession has increased pressure on the government to reduce Croatia’s relatively high public debt and as a result Zagreb has cut spending and has raised additional revenues through more stringent tax collection and by raising the value-added tax. The government has also sought to accelerate privatization of non-strategic assets, with mixed success. Croatia’s economic recovery is still somewhat fragile, though, as one of the country’s largest companies almost collapsed in 2017.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
$100.2 billion (2017 est.)
$97.32 billion (2016 est.)
$94.5 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 85
$53.48 billion (2016 est.)
[see also: GDP (official exchange rate) country ranks ]
2.9% (2017 est.)
3% (2016 est.)
2.2% (2015 est.)
country comparison to the world: 120
[see also: GDP - real growth rate country ranks ]
$24,100 (2017 est.)
$23,300 (2016 est.)
$22,500 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 82
24.4% of GDP (2017 est.)
22.4% of GDP (2016 est.)
24.6% of GDP (2015 est.)
country comparison to the world: 56
[see also: Gross national saving country ranks ]
household consumption: 58.1%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 19.1%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 20.7%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: -0.4%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 50.9%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -48.3% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]
agriculture: 4%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 26.5%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 69.5% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]
arable crops (wheat, corn, barley, sugar beet, sunflower, rapeseed, alfalfa, clover); vegetables (potatoes, cabbage, onion, tomato, pepper); fruits (apples, plum, mandarins, olives), grapes for wine; livestock (cattle, cows, pigs); dairy products
chemicals and plastics, machine tools, fabricated metal, electronics, pig iron and rolled steel products, aluminum, paper, wood products, construction materials, textiles, shipbuilding, petroleum and petroleum refining, food and beverages, tourism
3% (2017 est.)
country comparison to the world: 99
[see also: Industrial production growth rate country ranks ]
1.552 million (2017 est.)
country comparison to the world: 130
[see also: Labor force country ranks ]
agriculture: 1.9%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 27.6%
[see also: Labor force - by occupation - industry country ranks ]
services: 70.4% (2014)
[see also: Labor force - by occupation - services country ranks ]
13.9% (2017 est.)
15% (2016 est.)
country comparison to the world: 167
[see also: Unemployment rate country ranks ]
19.5% (2014 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 3.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 27.5% (2008 est.)
32 (2010)
29 (1998)
country comparison to the world: 114
[see also: Distribution of family income - Gini index country ranks ]
revenues: $25.79 billion
[see also: Budget - revenues country ranks ]
expenditures: $26.92 billion (2017 est.)
[see also: Budget - expenditures country ranks ]
48.2% of GDP (2017 est.)
country comparison to the world: 18
[see also: Taxes and other revenues country ranks ]
-2.1% of GDP (2017 est.)
country comparison to the world: 90
[see also: Budget surplus (+) or deficit (-) country ranks ]
81.5% of GDP (2017 est.)
83.8% of GDP (2016 est.)
country comparison to the world: 36
[see also: Public debt country ranks ]
calendar year
1.1% (2017 est.)
-1.1% (2016 est.)
country comparison to the world: 49
[see also: Inflation rate (consumer prices) country ranks ]
7% (31 December 2013)
7% (31 December 2012)
country comparison to the world: 52
[see also: Central bank discount rate country ranks ]
4.4% (31 December 2017 est.)
4.85% (31 December 2016 est.)
country comparison to the world: 154
[see also: Commercial bank prime lending rate country ranks ]
$14.75 billion (31 December 2017 est.)
$11.64 billion (31 December 2016 est.)
country comparison to the world: 74
[see also: Stock of narrow money country ranks ]
$50.54 billion (31 December 2017 est.)
$41.97 billion (31 December 2016 est.)
country comparison to the world: 67
[see also: Stock of broad money country ranks ]
$46.95 billion (31 December 2017 est.)
$41.38 billion (31 December 2016 est.)
country comparison to the world: 69
[see also: Stock of domestic credit country ranks ]
$36.29 billion (31 December 2014 est.)
$33.75 billion (31 December 2013 est.)
$33.44 billion (31 December 2012 est.)
country comparison to the world: 60
[see also: Market value of publicly traded shares country ranks ]
$2.038 billion (2017 est.)
$1.326 billion (2016 est.)
country comparison to the world: 33
[see also: Current account balance country ranks ]
$12.35 billion (2017 est.)
$11.63 billion (2016 est.)
country comparison to the world: 80
[see also: Exports country ranks ]
transport equipment, machinery, textiles, chemicals, foodstuffs, fuels
Italy 13.5%, Slovenia 12.3%, Germany 11.6%, Bosnia and Herzegovina 9.2%, Austria 6.3%, Serbia 4.2% (2016)
$21.2 billion (2017 est.)
$19.76 billion (2016 est.)
country comparison to the world: 72
[see also: Imports country ranks ]
machinery, transport and electrical equipment; chemicals, fuels and lubricants; foodstuffs
Germany 16.1%, Italy 12.6%, Slovenia 10.9%, Austria 7.9%, Hungary 7.1% (2016)
$15.53 billion (31 December 2017 est.)
$14.24 billion (31 December 2016 est.)
country comparison to the world: 68
[see also: Reserves of foreign exchange and gold country ranks ]
$44.53 billion (31 December 2017 est.)
$45.1 billion (31 December 2016 est.)
country comparison to the world: 69
[see also: Debt - external country ranks ]
$43.25 billion (31 December 2017 est.)
$41.63 billion (31 December 2016 est.)
country comparison to the world: 60
[see also: Stock of direct foreign investment - at home country ranks ]
$8.204 billion (31 December 2017 est.)
$7.757 billion (31 December 2016 est.)
country comparison to the world: 64
[see also: Stock of direct foreign investment - abroad country ranks ]
kuna (HRK) per US dollar -
6.568 (2017 est.)
6.806 (2016 est.)
6.806 (2015 est.)
6.8583 (2014 est.)
5.7482 (2013 est.)