Economy of Croatia

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Economy of Croatia

Strojarska Business Center

Currency Euro (EUR, €)

Fiscal year Calendar year

Trade EU, WTO
organisations

Country group Developing/Emerging[1]

High-income economy[2]

Statistics

Population  3,871,833 (2021 Census)[3]

GDP  $73.490 billion (nominal, 2023 est.) or 68.94 billion in Euro[4]

 $161.200 billion or 151.31 billion in Euro (PPP, 2023 est.)[4]

GDP rank 82nd (nominal, 2022)

83rd (PPP, 2022)

GDP growth  13.1% (2021)[4]
GDP per capita  $18,450 (nominal, 2023 est.)[5]

 $40,484 (PPP, 2023 est.)[6]

GDP per capita 55th (nominal, 2021)
rank
51st (PPP, 2021)
GDP by sector agriculture: 3.7%

industry: 26.2%

services: 70.1%

(2017 est.)[7]
GDP by componentPrivate consumption: 60.6%

Public consumption: 20.0%

Investments: 19.3%

(2013)[8]
Inflation (CPI)  12.1% (June 2022)

2.6% (2021)[4]

0.1% (2020)[9]
Population 19.2% (2021)[10]
below poverty line
Pannonian Croatia 27.0% (2021)[10]

Adriatic Croatia 18.1% (2021)[10]

City of Zagreb 11.6% (2021)[10]

North Croatia 18.5% (2021)[10]

  20.9% at risk of poverty or social exclusion[10]

Gini coefficient  29.2 low (2021, Eurostat)[11]
Human  0.858 very high (2021)[12] (40th)
Development Index
 0.797 high IHDI (32nd) (2021)[13]
Labour force  1,735,532 (2021)[14]

 65.2% employment rate (Target: 62.9%; 2018)[15]

Labour force by agriculture: 3.7%
occupation
industry: 26.2%

services: 70.1%

(2017 est.)[7]

Unemployment  6.3% (August 2020; Eurostat)[16][17]

 16.6% youth unemployment 2020 [18] (2018)[19]

Average gross €1,396 monthly (March 2022)
salary
Average net salary €1,028 monthly (March 2022)

Main industries chemicals and plastics, machine tools, fabricated

metal, electronics, pig iron and rolled steel products, aluminium,

paper, wood products, construction materials,

textiles, shipbuilding, petroleum and petroleum refining, food

and beverages, tourism

Ease-of-doing-  51st (very easy, 2020)[20]
business rank

External

Exports  $22.77 billion (2021)[21]

Export goods transport equipment, machinery,

textiles, chemicals, foodstuffs, fuels
Main export  Slovenia(-) 12.75%
partners
 Italy(-) 12.54%

 Germany(-) 11.81%

 Hungary(-) 9.14%

 Bosnia and Herzegovina(+) 8.48%

(2021)[21]

Imports  $33.80 billion (2021)[21]

Import goods machinery, transport and electrical equipment; chemicals, fuels

and lubricants; foodstuffs
Main import  Germany(-) 14.77%
partners
 Italy(-) 12.59%

 Slovenia(-) 11.02%

 Hungary(-) 7.32%

 Austria(-) 6.42%

(2021)[21]
FDI stock  $43.71 billion (31 December 2017 est.)[7]

 Abroad: $8.473 billion (31 December 2017 est.)[7]

Current account  $1 billion (2021)[22]
Gross external debt  €47.2 billion (2021)[22]

Public finances
Public debt  78.3% of GDP (2021)[4]

 HRK 343.609 million (2021)[23]

 Budget balance HRK -12.438 billion deficit(2021)[23]

-2.9% of GDP (2021)[23]

Revenues 46.4% of GDP (2021)[23]

Expenses 49.2% of GDP (2021)[23]

Economic aid €179.5 million (0.12% of GNI) (2007)

Credit rating Standard & Poor's:[24]

BBB+ short term, A- Long Term [25]

Outlook: Stable (2022)

Fitch

BBB+ [26]

Outlook: Positive (2021)

Moodys[27]

Baa2[28]

Outlook: Stable (2022)

Scope:[29]

BBB+

Outlook: Stable
Foreign reserves  EUR26.9bn (HRK 202.84 bn) October 2022 [30]

All values, unless otherwise stated, are in US dollars.

The economy of Croatia is a high-income service based social market economy[31]

[32]
 with the tertiary sector accounting for 70% of total gross domestic product
(GDP). Croatia joined the World Trade Organization in 2000, NATO in 2009, has been a
member of the European Union since 1 July 2013 and joined the Eurozone and
the Schengen Area on 1 January 2023. Croatia is also negotiating membership
of OECD organization, which it hopes to join in coming years.
the 2008 Global Financial Crisis badly affected Croatian economy which saw significant
downturn in economic growth as well as progress in economic reform which resulted in
six years of recession and a cumulative decline in GDP of 12.5%. Croatia formally
emerged from the recession in the fourth quarter of 2014, and had continuous GDP
growth until 2020. The Croatian economy reached pre crisis levels in 2019, but due to
the Coronavirus pandemic GDP decreased by 8.4% in 2020. Growth rebounded in 2021
and Croatia recorded its largest year-over-year GDP growth since 1991. [33]
Croatia's post-pandemic recovery was supported by strong private consumption, better-
than-expected performance in the tourism industry, and a boom in
merchandise exports. The first nine months of 2021 saw merchandise exports
amounting to 13.3 billion euro, an annual increase of 24.6%. This made 2021 Croatia's
record export year, surpassing 2019 by 2 billion euro. [34] Croatian exports in 2022 saw
continuation of rapid growth which reached 33.5% growth over same period in 2021 in
the first 10 months of the year.[35] If this trend continues, Croatian exports will reach all
time high of €24.1 billion in 2022. Croatian Economy also saw continuation of rapid
economic growth based on good tourism receipts and export noumbers as well as
rapidly expanding ICT sector which saw rapid growth and revenue that rival Croatian
Tourism.[36] Croatian economy is expected to grow between 5.9 and 7.8% in real terms in
2022 and it is expected to reach between $72 and $73.6 billion according to preliminary
estimates by Croatian Government. Croatian Purchasing Power Parity in 2022 for the
first time should exceed $40 000, however considering Croatian economy experienced
6 years of deep recession, catching up will take several more years of high growth. In
2023 Croatian economy is expected to slow down, between 1 and 2.6% with inflation
expected to remain high at 7% in 2023.
Tourism is one of the main pillars of the Croatian economy, comprising 19.6% of
Croatia's GDP. Croatia is working to become an energy powerhouse with its floating
liquefied natural gas (LNG) regasification terminal on the island of Krk[37] and
investments in green energy,[38][39] particularly wind energy,[40] solar and geothermal
energy, having opened 17 MW Velika 1 [hr] geothermal power plant in Ciglena in late
2019, that is the largest power plant in continental Europe with binary technology[41][42]
[43]
 and starting the work on the second one in the summer of 2021. [44][45]
[46]
 The government intends to spend about $1.4 billion on grid modernisation, with a goal
of increasing renewable energy source connections by at least 800 MW by 2026 and
2,500 MW by 2030[47] and predicts that renewable energy resources as a share of total
energy consumption will grow to 36.4% in 2030, and to 65.6% in 2050. [48]
In 2021 Croatia joined the list of countries with its own automobile industry, [49] with Rimac
Automobili's Nevera started being produced. The company also took over Bugatti
Automobiles in November same year and started building its new HQ in Zagreb, titled
as the ‘Rimac Campus’, that will serve as the company’s international research and
development (R&D) and production base for all future Rimac products, as well as home
of R&D for future Bugatti models. The company also plans to build battery systems for
different manufacturers from the automotive industry [50][51]
This campus will also become the home of R&D for future Bugatti models due to the
new joint venture, though these vehicles will be built at Bugatti’s Molsheim plant in
France.
On Friday, 12 November 2021 Fitch raised Croatia's credit rating by one level, from
‘BBB-‘ to ‘BBB’, Croatia's highest credit rating in history,[52] with a positive outlook, noting
progress in preparations for euro area membership and a strong recovery of the
Croatian economy from the pandemic crisis. [53]
In late March 2022 Croatian Bureau of Statistics announced that Croatia's industrial
output rose by 4% in February, thus growing for 15 months in a row. [54][55] Croatia
continued to have strong growth during 2022 fuelled by tourism revenue [56] and
increased exports.[57][58] According to a preliminary estimate, Croatia's GDP in Q2 grew by
7.7% from the same period of 2021.[59] The International Monetary Fund (IMF) projected
in early September 2022 that Croatia's economy will expand by 5.9% in 2022,
whilst EBRD expects Croatian GDP growth to reach 6.5% by the end of 2022.
[60]
 Pfizer announced launching a new production plant in Savski Marof[61] whilst
 Croatian IT industry grew 3.3%[62][63] confirming the trend that started with Coronavirus
pandemic where the Croatia's digital economy increased by 16 percent on average
annually from 2019 to 2021, and by 2030 its value could reach 15 percent of GDP, with
the ICT sector the main driver of that growth.[64]
Croatia joined both the Eurozone and Schengen Area in January 2023[65] which helps
strengthen the country’s integration into the European economy and make cross border
trade with both European countries and European trade partners easier. The minimum
wage is expected to rise to NET 700 EUR[66][67][68] in 2023, further increasing consumer
spending and combating the high inflation rate. [69]

Contents

 1History
o 1.1Pre-1990
o 1.2Transition and war years
o 1.3Economy since 2000
o 1.42009–2015
o 1.52016–2020
 22020– present
o 2.12020
o 2.22021
o 2.32022
 3Sectors
o 3.1Industry
o 3.2Tourism
o 3.3Agriculture
 4Infrastructure
o 4.1Transport
o 4.2Energy
 5Stock exchanges
 6Banking
 7Central Budget
 8Economic indicators
 9Gross Domestic Product
 10See also
 11References
 12External links

History[edit]
Pre-1990[edit]
Zagreb Stock Exchange Palace in 1927

Oil refinery in Rijeka in the 1930s

When Croatia was still part of the Dual Monarchy, its economy was largely agricultural.
However, modern industrial companies were also located in the vicinity of the larger
cities. The Kingdom of Croatia had a high ratio of population working in agriculture.
Many industrial branches developed in that time, like forestry and wood industry
(stave fabrication, the production of potash, lumber mills, shipbuilding). The most
profitable one was stave fabrication, the boom of which started in the 1820s with the
clearing of the oak forests around Karlovac and Sisak and again in the 1850s with the
marshy oak masses along the Sava and Drava rivers. Shipbuilding in Croatia played a
huge role in the 1850s Austrian Empire, especially the long-range sailing boats. Sisak
and Vukovar were the centres of river-shipbuilding.[70] Slavonia was also mostly an
agricultural land and it was known for its silk production. Agriculture and the breeding of
cattle were the most profitable occupations of the inhabitants. It produced corn of all
kinds, hemp, flax, tobacco, and great quantities of liquorice.[71][72]
The first steps towards industrialization began in the 1830s and in the following decades
the construction of big industrial enterprises took place. [73] During the 2nd half of the 19th
and early 20th century there was an upsurge of industry in Croatia, strengthened by the
construction of railways and the electric-power production. However, the industrial
production was still lower than agricultural production. [74] Regional differences were high.
Industrialization was faster in inner Croatia than in other regions,
while Dalmatia remained one of the poorest provinces of Austria-Hungary. [75] The slow
rate of modernization and rural overpopulation caused extensive emigration, particularly
from Dalmatia. According to estimates, roughly 400,000 Croats emigrated from Austria-
Hungary between 1880 and 1914. In 1910 8.5% of the population of Croatia-
Slavonia lived in urban settlements.[76]
In 1918 Croatia became part of the Kingdom of Yugoslavia, which was in the interwar
period one of the least developed countries in Europe. Most of its industry was based
in Slovenia and Croatia, but further industrial development was modest and centered
on textile mills, sawmills, brick yards and food-processing plants. The economy was still
traditionally based on agriculture and raising of livestock, with peasants accounting for
more than half of Croatia's population. [76][77]
In 1941 the Independent State of Croatia (NDH), a World War II puppet
state of Germany and Italy, was established in parts of Axis-occupied Yugoslavia. The
economic system of NDH was based on the concept of "Croatian socialism".[78] The main
characteristic of the new system was the concept of a planned economy with high levels
of state involvement in economic life. The fulfillment of basic economic interests was
primarily ensured with measures of repression.[79] All large companies were placed under
state control and the property of the regime's national enemies was nationalized. Its
currency was the NDH kuna. The Croatian State Bank was the central bank,
responsible for issuing currency. As the war progressed the government kept printing
more money and its amount in circulation was rapidly increasing, resulting in high
inflation rates.[80]
After World War II, the new Communist Party of Yugoslavia resorted to a command
economy on the Soviet model of rapid industrial development. In accordance with the
socialist plan, mainly companies in the pharmaceutical industry, the food industry and
the consumer goods industry were founded in Croatia. Metal and heavy industry was
mainly promoted in Bosnia and Serbia. By 1948 almost all domestic and foreign-owned
capital had been nationalized. The industrialization plan relied on high taxation, fixed
prices, war reparations, Soviet credits, and export of food and raw materials.
Forced collectivization of agriculture was initiated in 1949. At that time 94% of
agricultural land was privately owned, and by 1950 96% was under the control of the
social sector. A rapid improvement of food production and the standard of living was
expected, but due to bad results the program was abandoned three years later. [76]
Throughout the 1950s Croatia experienced rapid urbanization. Decentralization came in
1965 and spurred growth of several sectors including the prosperous tourist
industry. SR Croatia was, after SR Slovenia, the second most developed republic
in Yugoslavia with a ~55% higher GDP per capita than the Yugoslav average,
generating 31.5% of Yugoslav GDP or $30.1Bn in 1990. [81] Croatia and Slovenia
accounted for nearly half of the total Yugoslav GDP, and this was reflected in the
overall standard of living. In the mid-1960s, Yugoslavia lifted emigration restrictions and
the number of emigrants increased rapidly. In 1971 224,722 workers from Croatia were
employed abroad, mostly in West Germany.[82][83] Foreign remittances contributed $2
billion annually to the economy by 1990.[84] Profits gained through Croatia's industry were
used to develop poor regions in other parts of former Yugoslavia, leading to Croatia
contributing much more to the federal Yugoslav economy than it gained in return. This,
coupled with austerity programs and hyperinflation in the 1980s, led to discontent in
both Croatia and Slovenia which eventually fuelled political movements calling for
independence.[85]
Transition and war years[edit]
Shipbuilding in Split

GDP of Croatia at constant 2010 prices from 1990 to 2017

General government gross debt of Croatia from 2000 to 2016

Real GDP growth in Croatia 2005–2015

Unemployment rate from 1996 to 2019 according to Eurostat

In the late 1980s and early 1990s, with the collapse of socialism and the beginning
of economic transition, Croatia faced considerable economic problems stemming from: [86]

 the legacy of longtime communist mismanagement of the economy;

 damage during the internecine fighting to bridges, factories, power lines, buildings,
and houses;
 the large refugee and displaced population, both Croatian and Bosnian;
 the disruption of economic ties; and
 mishandled privatization
At the time Croatia gained independence, its economy (and the whole Yugoslavian
economy) was in the middle of recession. Privatization under the new government had
barely begun when war broke out in 1991. As a result of the Croatian War of
Independence, infrastructure sustained massive damage in the period 1991–92,
especially the revenue-rich tourism industry. Privatization in Croatia and transformation
from a planned economy to a market economy was thus slow and unsteady, largely as
a result of public mistrust when many state-owned companies were sold to politically
well-connected at below-market prices. With the end of the war, Croatia's economy
recovered moderately, but corruption, cronyism, and a general lack of transparency
stymied economic reforms and foreign investment. [85][87] The privatization of large
government-owned companies was practically halted during the war and in the years
immediately following the conclusion of peace. As of 2000, roughly 70% of Croatia's
major companies were still state-owned, including water, electricity, oil, transportation,
telecommunications, and tourism.[88]
The early 1990s were characterized by high inflation rates. In 1991 the Croatian
dinar was introduced as a transitional currency, but inflation continued to accelerate.
The anti-inflationary stabilization steps in 1993 decreased retail price inflation from a
monthly rate of 38.7% to 1.4%, and by the end of the year, Croatia experienced
deflation. In 1994 Croatia introduced the kuna as its currency.[87]
As a result of the macro-stabilization programs, the negative growth of GDP during the
early 1990s stopped and turned into a positive trend. Post-war reconstruction activity
provided another impetus to growth. Consumer spending and private sector
investments, both of which were postponed during the war, contributed to the growth in
1995–1997.[87] Croatia began its independence with a relatively low external debt
because the debt of Yugoslavia was not shared among its former republics at the
beginning. In March 1995 Croatia agreed with the Paris Club of creditor governments
and took 28.5% of Yugoslavia's previously non-allocated debt over 14 years. In July
1996 an agreement was reached with the London Club of commercial creditors, when
Croatia took 29.5% of Yugoslavia's debt to commercial banks. In 1997 around 60
percent of Croatia's external debt was inherited from former Yugoslavia. [89]
At the beginning of 1998 value-added tax was introduced. The central government
budget was in surplus in that year, most of which was used to repay foreign debt.
[90]
 Government debt to GDP had fallen from 27.30% to 26.20% at the end of 1998.
However, the consumer boom was disrupted in mid 1998, as a result of the bank crisis
when 14 banks went bankrupt.[87] Unemployment increased and GDP growth slowed
down to 1.9%. The recession that began at the end of 1998 continued through most of
1999, and after a period of expansion GDP in 1999 had a negative growth of −0.9%.
[91]
 In 1999 the government tightened its fiscal policy and revised the budget with a 7%
cut in spending.[92]
In 1999 the private sector share in GDP reached 60%, which was significantly lower
than in other former socialist countries. After several years of successful
macroeconomic stabilization policies, low inflation and a stable currency, economists
warned that the lack of fiscal changes and the expanding role of the state in the
economy caused the decline in the late 1990s and were preventing sustainable
economic growth.[89][92]

Deficit/
Year GDP growth Debt to GDP Privatization revenues*
surplus*

1994 5.9% 1.8% 22.2%

1995 6.8% −0.7% 19.3% 0.9%

1996 5.9% −0.4% 28.5% 1.4%

1997 6.6% −1.2% 27.3% 2.0%

1998 1.9% 0.5% 26.2% 3.6%

1999 −0.9% −2.2% 28.5% 8.2%

2000 3.8% −5.0% 34.3% 10.2%

2001 3.4% −3.2% 35.2% 13.5%

2002 5.2% −2.6% 34.8% 15.8%

*Including capital revenues

*cumulative, in % of GDP
Economy since 2000[edit]
The new government led by the president of SDP, Ivica Račan, carried out a number of
structural reforms after it won the parliamentary elections on 3 January 2000. The
country emerged from the recession in the 4th quarter of 1999 and growth picked up in
2000.[93] Due to overall increase in stability, the economic rating of the country improved
and interest rates dropped. Economic growth in the 2000s was stimulated by a credit
boom led by newly privatized banks, capital investment, especially in road construction,
a rebound in tourism and credit-driven consumer spending. Inflation remained tame and
the currency, the kuna, stable.[85][94]
In 2000 Croatia generated 5,899 billion kunas in total income from the shipbuilding
sector, which employed 13,592 people. Total exports in 2001 amounted to
$4,659,286,000, of which 54.7% went to the countries of the EU. Croatia's total imports
were $9,043,699,000, 56% of which originated from the EU. [95]
Unemployment reached its peak in late 2002, but has since been steadily declining. In
2003, the nation's economy would officially recover to the amount of GDP it had in
1990.[96] In late 2003 the new government led by HDZ took over the office.
Unemployment continued falling, powered by growing industrial production and rising
GDP, rather than only seasonal changes from tourism. Unemployment reached an all-
time low in 2008 when the annual average rate was 8.6%, [97] GDP per capita peaked at
$16,158,[91] while public debt as percentage of GDP decreased to 29%. Most economic
indicators remained positive in this period except for the external debt as Croatian firms
focused more on empowering the economy by taking loans from foreign resources.
[96]
 Between 2003 and 2007, Croatia's private-sector share of GDP increased from 60%
to 70%.[98]
The Croatian National Bank had to take steps to curb further growth of indebtedness of
local banks with foreign banks. The dollar debt figure is quite adversely affected by the
EUR/USD ratio—over a third of the increase in debt since 2002 is due to currency value
changes.
2009–2015[edit]
Economic growth has been hurt by the global financial crisis. [99] Immediately after the
crisis it seemed that Croatia did not suffer serious consequences like some other
countries. However, in 2009, the crisis gained momentum and the decline in GDP
growth, at a slower pace, continued during 2010. In 2011 the GDP stagnated as the
growth rate was zero.[100] Since the global crisis hit the country, the unemployment rate
has been steadily increasing, resulting in the loss of more than 100,000 jobs. [101] While
unemployment was 9.6% in late 2007,[102] in January 2014 it peaked at 22.4%. [103] In
2010 Gini coefficient was 0,32.[104] In September 2012, Fitch ratings agency unexpectedly
improved Croatia's economic outlook from negative to stable, reaffirming Croatia's
current BBB rating.[105] The slow pace of privatization of state-owned businesses and an
over-reliance on tourism have also been a drag on the economy. [99]
Croatia joined the European Union on 1 July 2013 as the 28th member state. The
Croatian economy is heavily interdependent on other principal economies of Europe,
and any negative trends in these larger EU economies also have a negative impact on
Croatia. Italy, Germany and Slovenia are Croatia's most important trade partners.[100] In
spite of the rather slow post-recession recovery, in terms of income per capita it is still
ahead of some European Union member states such as Bulgaria, and Romania.[106] In
terms of average monthly wage, Croatia is ahead of 9 EU members (Czech
Republic, Estonia, Slovakia, Latvia, Poland, Hungary, Lithuania, Romania, and
Bulgaria).[107]

Graphical depiction of Croatia's product exports in 28 color-coded categories.

The annual average unemployment rate in 2014 was 17.3% and Croatia has the third-
highest unemployment rate in the European Union, after Greece (26.5%), and Spain
(24.%).[97] Of particular concern is the heavily backlogged judiciary system, combined
with inefficient public administration, especially regarding the issues of land ownership
and corruption in the public sector. Unemployment is regionally uneven: it is very high in
eastern and southern parts of the country, nearing 20% in some areas, while relatively
low in the north-west and in larger cities, where it is between 3 and 7%. In 2015 external
debt rose by 2.7 billion euros since the end of 2014 and is now around €49.3 billion.
2016–2020[edit]
During 2015 the Croatian economy started with slow but upward economic growth,
which continued during 2016 and conclusive at the end of the year seasonally adjusted
was recorded at 3.5%.[108] The better than expected figures during 2016 enabled the
Croatian Government and with more tax receipts enabled the repayment of debt as well
as narrow the current account deficit during Q3 and Q4 of 2016 [109][110] This growth in
economic output, coupled with the reduction of government debt has made a positive
impact on the financial markets with many ratings agencies revising their outlook from
negative to stable, which was the first upgrade of Croatia's credit rating since 2007.
[111]
 Due to consecutive months of economic growth and the demand for labour, plus the
outflows of residents to other European countries, Croatia had recorded the biggest fall
in the number of unemployed during the month of November 2016 from 16.1% to
12.7%.

2020– present[edit]
2020[edit]
COVID-19 Pandemic has caused more than 400,000 workers to file for economic aid of
4000.00 HRK./month. In the first quarter of 2020, Croatian GDP rose by 0.2% but then
in Q2 Government of Croatia announced the biggest quarterly GDP plunge of -15.1%
since GDP has been measured. Economic activity also plunged in Q3 2020 when GDP
slid by an additional -10.0%.
In autumn 2020 European Commission estimated total GDP loss in 2020 to be -9.6%.
Growth was set to pick up in the last month of Q1 2021 and the second quarter of 2021
respectively +1.4% and +3.0%, meaning that Croatia was set to reach 2019 levels by
2022.[112]
2021[edit]
In July 2021 projection was improved to 5.4% due to the strong outturn in the first
quarter and the positive high-frequency indicators concerning consumption,
construction, industry and tourism prospects. [113] In November 2021 Croatia outperformed
these projections and the real GDP growth was calculated to be 8.1% for the year 2021,
improving its projection of 5.4% GDP growth made in July. [114] The recovery was
supported by strong private consumption, the better-than-expected performance of
tourism and the ongoing resilience of the export sector. Preliminary data point to
tourism-related expenditure already exceeding 2019 levels, which has been supportive
of both employment and consumption. Exports of goods have also continued to perform
strongly (up 43%yoy in 2Q21) pointing to resilient competitiveness. [115] Expressed
in euros, Croatian merchandise exports in the first nine months of 2021 amounted to
13.3 billion euros, an annual increase of 24.6 per cent. At the same time, imports rose
20.3 per cent to 20.4 billion euros. The coverage of imports by exports for the first nine
months is 65.4 per cent.[116] This made 2021 Croatian export's record year as the score
from 2019 was exceeded by 2 billion euros. [34]
Exports recovered in all major markets, more precisely with all EU countries
and CEFTA countries. Specifically, on the EU market, only a lower export result is
recorded in relations with Sweden, Belgium and Luxembourg. Italy is again the main
market for Croatian products, followed by Germany and Slovenia. Apart from the high
contribution of crude oil that Ina sends to Hungary to the Mol refinery for processing, the
export of artificial fertilizers from Petrokemija also has a significant contribution to
growth.
For 2022, the Commission revised downwards its projection for Croatia's economic
growth to 5.6% from 5.9% previously predicted in July 2021. Commission again
confirmed that the volume of Croatia's GDP should reach its 2019 level during 2022,
while in 2023 the GDP will grow by 3.4%. The Commission warned that the key
downside risks stem from Croatia's relatively low vaccination rates, which could lead to
stricter containment measures, and continued delays of the earthquake-related
reconstruction. On the upside, Croatia's entry into the Schengen
area and euro adoption towards the end of the forecast period could benefit investment
and trade.
On Friday, 12 November 2021 Fitch raised Croatia's credit rating by one level, from
‘BBB-‘ to ‘BBB’, Croatia's highest credit rating in history, [52] with a positive outlook, noting
progress in preparations for Eurozone membership and a strong recovery of the
Croatian economy from the pandemic crisis. [53] This is also secured by the failure of
the eurosceptic party Hrvatski Suverenisti in a bid on the referendum to block Euro
adoption in Croatia.[117] In December 2021 Croatia's industrial production increased for
the thirteenth consecutive month,[118] observing the growth of production increasing in all
of the five aggregates.[119] meaning that industrial production in 2021 increased by 6.7
percent.[120]
2022[edit]
In late March 2022 Croatian Bureau of Statistics announced that Croatia's industrial
output rose by 4% in February, thus growing for 15 months in a row. [54][55] Croatia
continued to have strong growth during 2022 fuelled by tourism revenue [56] and
increased exports.[57][58] According to a preliminary estimate, Croatia's GDP in Q2 grew by
7.7% from the same period of 2021.[59] The International Monetary Fund (IMF) projected
in early September 2022 that Croatia's economy will expand by 5.9% in 2022,
whilst EBRD expects Croatian GDP growth to reach 6.5% by the end of 2022.
[60]
 Pfizer announced launching a new production plant in Savski Marof[61] whilst
Croatian IT industry grew 3.3%[62][63] confirming the trend that started with Coronavirus
pandemic where the Croatia's digital economy increased by 16 percent on average
annually from 2019 to 2021. It is estimated that by 2030 its value could reach 15
percent of GDP, with the ICT sector being the main driver of that growth.[64]
On 12 July 2022, the Eurogroup approved Croatia becoming the 20th member of
the Eurozone, with the formal introduction of the Euro currency to take place on 1
January 2023.[121][122] Croatia was also set to join the Schengen Area in 2023.[65] By 2023,
the minimum wage is ostensibly expected to rise to NET 700 EUR,[66][67][68] increasing
consumer spending.[69]

Sectors[edit]
Industry[edit]
Main article: Industry of Croatia

Uljanik shipyard
 


 Asphalt plant in Ivanovec
 

Sisak oil refinery
 

Maraska liqueur factory in Zadar

Tourism[edit]
Main article: Tourism in Croatia

Cruise ship in Dubrovnik.

 

Kopački Rit Nature Reserve.

  

St. Mark's Church in Zagreb.

 

Varaždin Old Town.
 

Zlatni Rat beach on the Brač island.

Tourism is a notable source of income during the summer and a major industry in
Croatia. It dominates the Croatian service sector and accounts for up to 20% of
Croatian GDP. Annual tourist industry income for 2011 was estimated at €6.61 billion.
Its positive effects are felt throughout the economy of Croatia in terms of increased
business volume observed in retail business, processing industry orders and summer
seasonal employment. The industry is considered an export business, because it
significantly reduces the country's external trade imbalance. [123] Since the conclusion of
the Croatian War of Independence, the tourist industry has grown rapidly, recording a
fourfold rise in tourist numbers, with more than 10 million tourists each year. The most
numerous are tourists from Germany, Slovenia, Austria and the Czech Republic as well
as Croatia itself. Length of a tourist stay in Croatia averages 4.9 days. [124]
The bulk of the tourist industry is concentrated along the Adriatic Sea coast. Opatija was
the first holiday resort since the middle of the 19th century. By the 1890s, it became one
of the most significant European health resorts. [125] Later a large number of resorts
sprang up along the coast and numerous islands, offering services ranging from mass
tourism to catering and various niche markets, the most significant being nautical
tourism, as there are numerous marinas with more than 16 thousand berths, cultural
tourism relying on appeal of medieval coastal cities and numerous cultural events taking
place during the summer. Inland areas offer mountain resorts, agrotourism and spas.
Zagreb is also a significant tourist destination, rivalling major coastal cities and resorts.
[126]

Croatia has unpolluted marine areas reflected through numerous nature reserves and
99 Blue Flag beaches and 28 Blue Flag marinas.[127] Croatia is ranked as the 18th most
popular tourist destination in the world.[128] About 15% of these visitors (over one million
per year) are involved with naturism, an industry for which Croatia is world-famous. It
was also the first European country to develop commercial naturist resorts. [129]
Agriculture[edit]
Croatian agricultural sector subsists from exports of blue water fish, which in recent
years experienced a tremendous surge in demand, mainly from Japan and South
Korea. Croatia is a notable producer of organic foods and much of it is exported to the
European Union. Croatian wines, olive oil and lavender are particularly sought after.
Croatia produced in 2018:

 2.1 million tons of maize;

 776 thousand tons of sugar beet (the beet is used to
manufacture sugar and ethanol);
 744 thousand tons of wheat;
 245 thousand tons of soybean;
 227 thousand tons of barley;
 182 thousand tons of potato;
 155 thousand tons of rapeseed;
 146 thousand tons of grape;
 110 thousand tons of sunflower seed;
In addition to smaller productions of other agricultural products, like apple (93 thousand
tons), triticale (62 thousand tons) and olive (28 thousand tons).[130]

Boškarin cattle.
  

Plantations in the fertile Neretva valley.

 

Vineyards of Istria.

Infrastructure[edit]
Transport[edit]
Main article: Transport in Croatia

Croatian A1 motorway

The highlight of Croatia's recent infrastructure developments is its rapidly

developed motorway network, largely built in the late 1990s and especially in the 2000s.
By January 2022, Croatia had completed more than 1,300 kilometres (810 miles) of
motorways, connecting Zagreb to most other regions and following various European
routes and four Pan-European corridors.[131][132] The busiest motorways are the A1,
connecting Zagreb to Split and the A3, passing east–west through northwest Croatia
and Slavonia.[133] A widespread network of state roads in Croatia acts as
motorway feeder roads while connecting all major settlements in the country. The high
quality and safety levels of the Croatian motorway network were tested and confirmed
by several EuroTAP and EuroTest programs.[134][135]
Croatia has an extensive rail network spanning 2,722 kilometres (1,691 miles), including
985 kilometres (612 miles) of electrified railways and 254 kilometres (158 miles) of
double track railways. The most significant railways in Croatia are found within the Pan-
European transport corridors Vb and X connecting Rijeka to Budapest and Ljubljana to
Belgrade, both via Zagreb.[131] All rail services are operated by Croatian Railways. [136]
There are international
airports in Zagreb, Zadar, Split, Dubrovnik, Rijeka, Osijek and Pula.[137] As of January
2011, Croatia complies with International Civil Aviation Organization aviation safety
standards and the Federal Aviation Administration upgraded it to Category 1 rating.[138]
The busiest cargo seaport in Croatia is the Port of Rijeka and the busiest passenger
ports are Split and Zadar.[139][140] In addition to those, a large number of minor ports serve
an extensive system of ferries connecting numerous islands and coastal cities in
addition to ferry lines to several cities in Italy. [141] The largest river port is Vukovar, located
on the Danube, representing the nation's outlet to the Pan-European transport corridor
VII.[131][142]
Energy[edit]
Main article: Energy in Croatia

Oil refinery near Rijeka

A hydroelectric power plant in Međimurje

There are 631 kilometres (392 miles) of crude oil pipelines in Croatia, connecting the
Port of Rijeka oil terminal with refineries in Rijeka and Sisak, as well as several
transhipment terminals. The system has a capacity of 20 million tonnes per year.[143] The
natural gas transportation system comprises 2,544 kilometres (1,581 miles) of trunk and
regional natural gas pipelines, and more than 300 associated structures, connecting
production rigs, the Okoli natural gas storage facility, 27 end-users and 37 distribution
systems.[144]
Croatian production of energy sources covers 85% of nationwide natural gas demand
and 19% of oil demand. In 2008, 47.6% of Croatia's primary energy production structure
comprised use of natural gas (47.7%), crude oil (18.0%), fuel wood (8.4%), hydro power
(25.4%) and other renewable energy sources (0.5%). In 2009, net total electrical power
production in Croatia reached 12,725 GWh and Croatia imported 28.5% of its electric
power energy needs.[145] The bulk of Croatian imports are supplied by the Krško Nuclear
Power Plant in Slovenia, 50% owned by Hrvatska elektroprivreda, providing 16% of
Croatia's electricity.[146]
Electricity:[147]

 production: 14.728 GWh (2021)

 consumption: 18.869 GWh (2021)
 exports: 7.544 GWh (2021)
 imports: 11.505 GWh (2021)
Electricity – production by source:[148]

 hydro: 36% (2021)
 termo: 19% (2021)
 nuclear: 14% (2021)
 renewable: 7% (2021)
 import: 24% (2021)
Crude oil:[149]

 production: 615 thousand tons (2021)

 consumption: 2.456 million tons (2021)
 exports: 472 thousand tons (2021)
 imports: 2.300 million tons (2021)
 proved reserves: 10,230,300 barrels (1,626,490 m3) (2017)
Natural gas:[147]

 production: 746 million m³ (2021)

 consumption: 2.906 billion m³ (2021)
 exports: 126 million m³ (2021)
 imports: 2.291 billion m³ (2021)
 proved reserves: 21.094 billion m³ (2019)

Stock exchanges[edit]
Zagreb Stock Exchange, located in Eurotower

 Zagreb Stock Exchange

Banking[edit]
See also: List of banks in Croatia

Croatian National Bank Building in Zagreb

Central bank:

 Croatian National Bank

Major commercial banks:

 Zagrebačka banka (owned by UniCredit from Italy)

 Privredna banka Zagreb (owned by Intesa Sanpaolo from Italy)
 Hrvatska poštanska banka
 OTP Banka (owned by OTP Bank from Hungary)
 Raiffeisen Bank Austria (owned by Raiffeisen from Austria)
 Erste & Steiermärkische Bank (former Riječka banka, owned by Erste Bank from
Austria)

Central Budget[edit]
Overall Budget:[150]
Revenues:

 163.69 billion kuna ($24.72 billion), 2022

Expenditures:

 173.82 billion kuna ($26.25 billion), 2022

Expenditure by ministries for 2022:[150]

 Labor and Pension System, Family and Social Policy  – 55.21 billion kuna
 Finance – 50.87 billion kuna
 Science and Education – 23.25 billion kuna
 Health – 16.06 billion kuna
 Maritime Affairs, Transport and Infrastructure – 10.23 billion kuna
 Economy and Sustainable Development – 9.82 billion kuna
 Agriculture – 8.66 billion kuna
 Interior – 5.96 billion kuna
 Defence – 6.91 billion kuna
 Justice and Public Administration – 3.51 billion kuna
 Construction, Physical Planning and State Property  – 2.98 billion kuna
 Regional Development and EU funds – 2.09 billion kuna
 Veterans' Affairs – 1.21 billion kuna
 Culture and Media – 2.26 billion kuna
 Foreign and European Affairs – 0.87 billion kuna
 Tourism and Sport – 0.63 billion kuna

Economic indicators[edit]
The following table shows the main economic indicators for the period 2000–2021
according to the Croatian Bureau of Statistics.[4]
 E E
G x x
G G G D c c G
G G G ov
G G DP DP DP P D h h
Po D D D D pe pe pe pe a a er
pu P ( P  P n
P ( P ( r r r r gr n n
Y lat no
no no
(P
ca ca ca ca Inf g g m
io mi P o lati en
e nal
mi mi
P pit pit pit pi wt e e
a n ( nal nal a ( a ( a ( ta  on  r r t
in in h (
in in in (in  de
r bln bl no no no (P re at at
mil bln bln %)
. n. mi mi mi P al e  e  bt 
lio . . nal nal nal P
H U in  (t (t (%
n) EU US in in in in
R S % o o G
R) D) HR EU US U
K) D) ) 1 1 DP
K) R) D) S E U )
D) U S
R) D)

200 180.7 23.68 21.81 47.7 40,84 10,7 7.63 8.28

4.426 5,351 4,929 2.9 4.6 35.4
0 82 2 4 38 6 86 39 74

200 194.1 25.98 23.28 50.1 45,15 11,6 7.47 8.33

4.300 6,044 5,414 3.0 3.8 36.6
1 38 6 0 13 2 55 10 92

200 213.1 28.77 27.07 54.9 49,53 12,7 7.40 7.87

4.302 6,688 6,293 5.7 1.7 36.5
2 22 3 2 43 8 71 70 25

200 234.5 31.01 34.98 58.8 54,51 13,6 7.56 6.70

4.303 7,206 8,130 5.5 1.8 37.9
3 78 1 8 80 0 82 42 44

200 253.1 33.77 41.98 63.1 58,81 14,6 7.49 6.03

4.305 7,847 9,752 4.1 2.1 40.0
4 94 9 1 72 9 75 57 12

200 272.3 36.80 45.77 66.5 63,19 10,62 15,4 7.40 5.95
4.310 8,539 4.3 3.3 40.9
5 57 5 5 42 0 0 39 00 00

200 296.9 40.54 50.84 75.8 68,87 11,79 17,5 7.32 5.83
4.311 9,405 4.9 3.2 38.5
6 15 6 9 60 1 5 96 28 92
 E E
G x x
G G G D c c G
G G G ov
G G DP DP DP P D h h
Po D D D D pe pe pe pe a a er
pu P ( P  P n
P ( P ( r r r r gr n n
Y lat no
no no
(P
ca ca ca ca Inf g g m
io mi P o lati en
e nal
mi mi
P pit pit pit pi wt e e
a n ( nal nal a ( a ( a ( ta  on  r r t
in in h (
in in in (in  de
r bln bl no no no (P re at at
mil bln bln %)
. n. mi mi mi P al e  e  bt 
lio . . nal nal nal P
H U in  (t (t (%
n) EU US in in in in
R S % o o G
R) D) HR EU US U
K) D) ) 1 1 DP
K) R) D) S E U )
D) U S
R) D)

200 324.7 44.27 60.52 84.0 75,35 10,27 14,04 19,4 7.33 5.36
4.310 4.9 2.9 37.2
7 83 2 6 10 2 2 3 91 60 60

200 349.1 48.33 70.76 90.1 81,01 11,21 16,41 20,9 7.22 4.93
4.310 1.9 6.1 39.1
8 57 8 0 75 7 6 9 24 32 44

200 333.3 45.41 63.12 86.7 77,42 10,54 14,66 20,1 7.33 5.28
4.305 -7.3 2.4 48.4
9 33 6 7 38 6 9 3 47 96 04

201 332.2 45.59 60.40 85.7 77,34 10,61 14,06 19,9 7.28 5.50
4.295 -1.3 1.1 57.3
0 23 6 4 57 3 5 2 65 62 00

201 337.5 45.40 63.17 89.9 78,86 10,60 14,75 21,0 7.43 5.34
4.281 -0.1 2.3 63.7
1 72 8 4 47 0 8 8 13 42 35

201 334.5 44.50 57.18 91.3 78,40 10,43 13,40 21,3 7.51 5.85
4.268 -2.3 3.4 69.4
2 92 9 7 19 4 0 0 98 73 09

201 336.7 44.46 59.02 94.2 79,13 10,42 13,86 22,1 7.57 5.70
4.256 -0.4 2.2 80.3
3 71 7 2 02 4 3 9 35 35 59
 E E
G x x
G G G D c c G
G G G ov
G G DP DP DP P D h h
Po D D D D pe pe pe pe a a er
pu P ( P  P n
P ( P ( r r r r gr n n
Y lat no
no no
(P
ca ca ca ca Inf g g m
io mi P o lati en
e nal
mi mi
P pit pit pit pi wt e e
a n ( nal nal a ( a ( a ( ta  on  r r t
in in h (
in in in (in  de
r bln bl no no no (P re at at
mil bln bln %)
. n. mi mi mi P al e  e  bt 
lio . . nal nal nal P
H U in  (t (t (%
n) EU US in in in in
R S % o o G
R) D) HR EU US U
K) D) ) 1 1 DP
K) R) D) S E U )
D) U S
R) D)

201 335.8 44.01 58.41 94.7 79,24 10,38 13,78 22,3 7.63 5.74
4.238 -0.4 -0.2 83.9
4 31 4 2 87 3 6 3 66 00 93

201 344.5 45.28 50.21 98.1 81,96 10,75 11,94 23,3 7.60 6.86
4.204 2.5 -0.5 83.3
5 80 2 4 15 5 5 4 39 96 23

201 356.6 47.36 52.41 105. 85,43 11,32 12,55 25,2 7.52 6.80
4.174 3.6 -1.1 79.8
6 17 3 5 446 8 4 7 62 94 37

201 373.0 50.01 56.33 112. 90,44 12,10 13,65 27,2 7.46 6.62
4.125 3.4 1.1 76.7
7 80 0 6 204 4 1 7 01 01 24

201 391.2 52.77 62.32 118. 95,71 12,89 15,24 28,9 7.41 6.27
4.088 2.8 1.5 73.3
8 89 6 3 179 6 6 5 09 41 84

201 412.7 55.67 62.33 124. 101,5 13,67 15,33 30,5 7.41 6.62
4.065 3.4 0.8 71.1
9 70 7 0 328 42 8 3 85 36 23

202 380.1 50.46 57.50 117. 93,90 12,40 14,20 28,9 7.53 6.61
4.048 -8.6 0.1 87.3
0 23 1 1 033 4 8 5 11 31 08
 E E
G x x
G G G D c c G
G G G ov
G G DP DP DP P D h h
Po D D D D pe pe pe pe a a er
pu P ( P  P n
P ( P ( r r r r gr n n
Y lat no
no no
(P
ca ca ca ca Inf g g m
io mi P o lati en
e nal
mi mi
P pit pit pit pi wt e e
a n ( nal nal a ( a ( a ( ta  on  r r t
in in h (
in in in (in  de
r bln bl no no no (P re at at
mil bln bln %)
. n. mi mi mi P al e  e  bt 
lio . . nal nal nal P
H U in  (t (t (%
n) EU US in in in in
R S % o o G
R) D) HR EU US U
K) D) ) 1 1 DP
K) R) D) S E U )
D) U S
R) D)

202 438.5 58.28 68.91 133. 113,2 15,05 17,80 34,5 7.52 6.36
3.872 13.1 2.6 78.3
1 60 7 7 952 69 4 0 97 42 36

From the CIA World Factbook 2021.

Real GDP (purchasing power parity): $107.11 billion (2020 est.)
Real GDP growth rate: 2.94% (2019 est.)
Real GDP per capita: $26,500 (2020 est.)
GDP (official exchange rate): $60,687 billion (2019 est.)
Labor force: 1.656 million (2020 est.)
Labor force – by occupation: agriculture 1.9%, industry 27.3%, services 70.8% (2017)
Unemployment rate: 8.07% (2019 est.)
Population below poverty line: 18.3% (2018 est.)
Household income or consumption by percentage share:
lowest 10%: 2.7%
highest 10%: 23% (2015 est.)
Distribution of family income – Gini index: 30.4 (2017)
Inflation rate (consumer prices): 0.7% (2019 est.)
Budget:
revenues: $25.24 billion (2017 est.)
expenditures: $24.83 billion, (2017 est.)
Public debt: 77.8% of GDP (2017 est.)
Taxes and revenues: 46.1% (of GDP) (2017 est.)
Agricultural products: maize, wheat, sugar
beet, milk, barley, soybeans, potatoes, pork, grapes, sunflower seed
Industries: 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
Industrial production growth rate: 1.2% (2017 est.)
Current account balance: $1.597 billion (2019 est.)
Exports: $23.66 billion (2020 est.)
Exports – commodities: refined petroleum, packaged medicines, cars, medical
cultures/vaccines, lumber (2019)
Exports – partners: Italy 13%, Germany 13%, Slovenia 10%, Bosnia and
Herzegovina 9%, Austria 6%, Serbia 5% (2019)
Imports: $27.59 billion (2020 est.)
Imports – commodities: crude petroleum, cars, refined petroleum, packaged
medicines, electricity (2019)
Imports – partners: Germany 14%, Italy 14%, Slovenia 11%, Hungary 7%, Austria 6%
(2019)
Reserves of foreign exchange and gold: $18.82 billion (31 December 2017 est.)
Debt – external: $48.263 billion (2015 est.)
Currency: kuna (HRK)
Exchange rates: kuna per US$1 – 6.2474 (2020)

Gross Domestic Product[edit]

See also: List of Croatian counties by GDP

Counties of Croatia by GDP, in million Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

  52 56 63 64 68 69 80 80 95 91 83 82 78 79 78 80 85 87 92
Bje 0 9 9 5 8 8 0 4 3 7 4 3 6 0 9 9 5 4 5
lov
 Counties of Croatia by GDP, in million Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

ar-
Bil
ogo
ra

 
Bro
d- 56 62 68 71 77 77 84 91 1,0 95 91 91 89 88 85 87 91 96 1,0
Pos 4 8 7 3 9 1 9 8 32 2 4 7 5 8 3 9 7 9 16
avi
na

 
Du
bro
vni 57 63 67 75 88 97 1,0 1,2 1,3 1,2 1,2 1,2 1,2 1,2 1,2 1,3 1,4 1,5 1,5
k- 3 0 6 4 3 7 83 92 40 67 48 08 02 34 60 13 03 32 87
Ner
etv
a

 
1,4 1,6 1,8 1,9 2,1 2,2 2,4 2,7 2,8 2,7 2,7 2,7 2,6 2,6 2,6 2,7 2,9 3,1 3,1
Istri
20 14 14 80 82 91 82 29 42 68 73 62 35 31 66 47 47 06 62
a

 
Kar 58 71 78 75 77 83 94 1,0 1,1 99 96 97 94 96 93 96 1,0 1,0 1,0
lov 6 3 5 8 7 5 3 48 07 8 9 8 8 1 4 1 08 31 35
ac

  72 76 83 84 85 85 98 1,0 1,0 99 93 92 90 91 90 91 96 99 97
Ko 3 2 0 5 3 5 8 46 69 8 5 6 6 9 5 6 1 1 9
 Counties of Croatia by GDP, in million Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

priv
nic
a-
Kri
žev
ci

 
Kra
pin 56 65 68 70 72 81 85 94 97 86 80 81 80 82 83 86 92 99 1,0
a- 9 5 1 6 9 5 8 7 4 8 7 5 3 3 7 7 8 0 21
Zag
orje

 
Lik
23 25 30 38 52 40 42 41 49 44 41 40 38 38 37 38 40 42 43
a-
5 0 9 4 2 7 9 7 1 5 6 5 2 8 9 8 2 7 6
Sen
j

 
Me 51 56 64 65 69 73 84 89 1,0 97 93 94 92 1,0 95 98 1,0 1,1 1,1
đim 0 2 4 4 1 7 1 2 34 7 3 1 9 88 9 6 45 09 42
urje

 
Osi
jek- 1,3 1,4 1,6 1,7 1,8 2,0 2,2 2,6 2,8 2,6 2,5 2,5 2,4 2,4 2,3 2,4 2,5 2,5 2,5
Bar 52 59 68 00 72 43 49 00 34 42 07 14 21 38 75 36 44 81 72
anj
a
 Counties of Croatia by GDP, in million Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

 
Pož
ega
32 35 38 42 45 46 47 50 55 50 49 48 45 46 43 44 45 46 49
-
5 5 0 0 1 4 8 8 4 4 7 2 8 1 3 0 3 6 9
Sla
von
ia

 
Pri
mor
je- 2,1 2,1 2,2 2,5 2,6 3,0 3,3 3,5 4,0 3,8 3,8 3,9 3,9 3,8 3,8 3,8 3,9 4,1 4,2
Gor 11 38 61 43 85 66 71 60 60 20 22 05 81 49 49 54 61 77 70
ski
Kot
ar

 
Sis
ak- 92 93 97 98 1,0 1,1 1,3 1,2 1,4 1,4 1,4 1,4 1,4 1,3 1,2 1,2 1,2 1,2 1,3
Mo 5 8 2 9 33 37 35 62 35 47 51 39 34 06 21 68 47 66 09
slav
ina

 
Spli
t- 1,9 2,1 2,3 2,5 2,8 3,0 3,4 3,9 4,1 3,8 3,7 3,6 3,5 3,5 3,5 3,7 3,9 4,1 4,2
Dal 24 18 18 29 98 61 27 34 15 04 88 95 78 83 81 12 13 33 78
mat
ia

  42 45 51 58 65 74 76 90 92 80 85 85 83 85 85 86 90 98 1,0
Šib 3 0 1 1 9 8 5 2 3 2 9 6 5 1 2 2 3 8 27
 Counties of Croatia by GDP, in million Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

eni
k-
Kni
n

 
Var 89 99 1,1 1,1 1,1 1,2 1,3 1,4 1,6 1,5 1,4 1,4 1,4 1,4 1,4 1,5 1,6 1,7 1,8
ažd 4 6 39 75 66 29 47 51 37 49 63 56 36 67 62 06 01 18 65
in

 
Vir
ovit
35 40 43 45 47 47 55 59 61 54 51 52 50 49 45 46 48 50 53
ica-
7 6 8 8 1 6 5 0 5 6 6 6 4 6 5 0 5 0 6
Pod
ravi
na

 
Vu
kov 62 68 76 81 86 92 1,0 1,1 1,2 1,1 1,0 1,0 1,0 1,0 99 1,0 1,0 1,1 1,1
ar- 4 6 2 6 4 8 79 09 60 71 90 92 49 48 9 31 76 20 71
Syr
mia

 
62 73 82 98 1,0 1,1 1,2 1,4 1,6 1,4 1,4 1,3 1,3 1,3 1,3 1,4 1,5 1,6 1,7
Zad
7 3 9 2 55 66 38 43 18 78 05 83 66 86 95 45 27 71 97
ar

  1,2 1,2 1,5 1,6 1,8 2,0 2,1 2,4 2,6 2,5 2,3 2,4 2,4 2,4 2,4 2,5 2,6 2,8 3,0
Zag 84 72 83 53 23 59 28 19 53 55 98 49 39 50 66 49 51 32 11
reb
 Counties of Croatia by GDP, in million Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

Co
unt
y

 
Cit 10, 11, 12, 14, 15, 14, 15, 15, 15, 14, 14, 15, 15, 16, 17,
6,9 7,8 8,5 9,4
y of 40 71 95 05 43 56 58 38 05 77 75 20 81 78 54
12 06 69 58
Zag 0 7 4 9 9 1 6 3 5 8 4 6 8 2 4
reb

Source: Croatian Bureau of Statistics[151]

Counties of Croatia by GDP per capita, in Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

 
Bje
lov
4,0 4,3 4,9 5,0 5,4 5,5 6,3 6,4 7,7 7,5 6,9 6,8 6,6 6,7 6,8 7,1 7,6 7,9 7,9
ar-
07 83 51 42 17 39 95 89 56 22 07 88 57 66 29 07 47 58 86
Bil
ogo
ra

  3,4 3,8 4,1 4,3 4,7 4,7 5,2 5,6 6,3 5,9 5,7 5,7 5,6 5,7 5,5 5,8 6,1 6,7 6,6
Bro 25 12 71 45 66 31 23 60 84 21 31 89 91 00 39 10 95 26 07
 Counties of Croatia by GDP per capita, in Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

d-
Pos
avi
na

 
Du
bro
10, 11, 10, 10, 10, 10, 10, 11, 12, 13,
vni 4,8 5,3 5,7 6,3 7,4 8,1 9,0 9,8 9,8
69 02 35 17 08 29 73 50 60 27
k- 86 73 38 78 42 97 25 55 12
8 4 1 4 3 7 7 0 8 7
Ner
etv
a

  10, 11, 12, 13, 13, 13, 13, 13, 12, 12, 12, 13, 14, 14, 15,
7,1 8,1 9,1 9,8
Istri 81 26 11 22 69 28 29 27 68 66 81 19 16 91 57
84 60 17 80
a 3 7 6 1 1 5 7 0 4 5 1 9 5 5 0

 
Kar 4,1 5,0 5,6 5,4 5,6 6,1 6,9 7,8 8,3 7,5 7,4 7,6 7,4 7,6 7,5 7,8 8,3 8,7 8,3
lov 81 82 35 91 66 39 89 30 41 98 58 15 61 51 41 68 73 01 01
ac

 
Ko
priv
nic 5,9 6,2 6,8 7,0 7,1 7,1 8,3 8,8 9,1 8,5 8,0 8,0 7,8 8,0 7,9 8,1 8,6 9,0 8,7
a- 55 69 58 25 34 81 35 78 08 45 52 20 90 39 69 49 60 66 11
Kri
žev
ci
 Counties of Croatia by GDP per capita, in Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

 
Kra
pin 4,0 4,7 4,9 5,1 5,3 5,9 6,3 7,0 7,2 6,4 6,0 6,1 6,0 6,2 6,4 6,7 7,2 7,8 7,9
a- 89 02 19 29 23 72 13 08 50 79 49 42 91 87 39 21 65 30 19
Zag
orje

 
Lik
4,2 4,4 5,5 6,9 9,4 7,4 7,9 7,7 9,2 8,5 8,0 7,9 7,6 7,8 7,8 8,1 8,5 9,2 8,8
a-
19 93 82 65 66 46 27 83 77 15 91 84 52 74 12 34 71 97 78
Sen
j

 
10,
Me 4,4 4,9 5,6 5,7 6,0 6,4 7,3 7,8 9,0 8,5 8,1 8,2 8,1 9,5 8,4 8,7 9,3 9,9
30
đim 72 30 44 29 56 59 75 30 86 83 96 73 76 92 80 51 28 89
2
urje

 
Osi
jek- 4,2 4,5 5,2 5,3 5,9 6,4 7,1 8,3 9,1 8,5 8,1 8,2 7,9 8,1 7,9 8,2 8,7 9,0 8,6
Bar 47 82 39 54 14 80 74 53 62 78 83 49 90 05 65 70 79 98 84
anj
a

 
Pož
ega
3,9 4,2 4,5 5,0 5,4 5,6 5,8 6,2 6,8 6,3 6,3 6,1 5,9 6,0 5,7 5,9 6,3 6,6 6,6
-
04 55 72 66 79 58 74 86 97 30 14 94 71 81 74 73 07 81 20
Sla
von
ia
 Counties of Croatia by GDP per capita, in Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

 
Pri
mor
10, 11, 11, 13, 12, 12, 13, 13, 13, 13, 13, 13, 14, 14,
je- 7,1 7,2 7,6 8,5 9,0
32 33 95 64 84 87 18 47 06 10 20 68 55 79
Gor 23 10 22 75 51
6 7 9 2 7 3 5 4 1 3 4 6 9 7
ski
Kot
ar

 
Sis
ak- 4,8 4,9 5,1 5,2 5,5 6,1 7,2 6,9 8,0 8,1 8,3 8,3 8,4 7,8 7,4 7,8 7,9 8,2 7,8
Mo 84 52 58 85 52 56 92 66 18 84 21 72 65 32 59 99 39 84 68
slav
ina

 
Spli
t- 4,4 4,8 5,2 5,7 6,5 6,8 7,5 8,6 9,0 8,3 8,3 8,1 7,8 7,8 7,8 8,1 8,6 9,1 9,6
Dal 22 66 78 23 08 20 93 84 59 61 23 21 66 76 76 84 55 83 36
mat
ia

 
Šib
eni 3,8 4,0 4,6 5,2 5,9 6,7 6,8 8,0 8,2 7,2 7,7 7,8 7,7 7,9 8,0 8,2 8,7 9,7 9,7
k- 55 94 31 54 46 33 63 81 62 02 88 55 64 98 86 67 76 37 13
Kni
n

  4,9 5,5 6,3 6,5 6,5 6,8 7,5 8,1 9,2 8,7 8,2 8,2 8,1 8,4 8,4 8,7 9,3 10, 10,
Var 52 16 27 50 25 90 64 65 33 58 98 81 93 12 34 52 89 17 89
ažd 6 9
 Counties of Croatia by GDP per capita, in Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

in

 
Vir
ovit
3,8 4,4 4,7 5,0 5,2 5,3 6,2 6,7 7,0 6,3 6,0 6,2 6,0 5,9 5,5 5,7 6,1 6,4 6,5
ica-
87 16 93 29 22 29 53 03 48 26 37 13 12 79 42 04 35 80 25
Pod
ravi
na

 
Vu
kov 3,2 3,6 4,0 4,3 4,6 4,9 5,8 6,0 6,8 6,4 6,0 6,0 5,8 5,9 5,7 6,0 6,4 6,9 6,7
ar- 77 04 18 30 17 85 25 12 53 01 16 94 56 61 72 82 98 99 30
Syr
mia

  10,
4,0 4,7 5,2 6,1 6,5 7,1 7,5 8,6 9,6 8,7 8,2 8,1 7,9 8,0 8,1 8,4 9,0 9,9
Zad 80
50 26 89 93 79 86 34 76 40 52 81 14 85 84 46 78 03 01
ar 3

 
Zag
reb 4,3 4,2 5,2 5,4 5,9 6,6 6,8 7,7 8,4 8,0 7,5 7,7 7,6 7,6 7,7 8,0 8,4 9,0 9,7
Co 27 83 79 59 66 86 59 45 43 89 65 03 60 87 48 50 34 83 10
unt
y

  8,9 10, 11, 12, 13, 15, 16, 18, 19, 18, 19, 19, 18, 18, 18, 18, 19, 20, 22,
Cit 62 11 09 23 41 08 64 00 70 52 76 45 98 57 47 99 71 87 69
y of 4 1 8 8 2 2 5 9 6 5 3 6 8 9 2 1 9 5
Zag
 Counties of Croatia by GDP per capita, in Euro

C
o 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
n 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1
t 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8
y

reb

Source:[151]

See also[edit]
 Economy of Europe
 Areas of Special State Concern (Croatia)
 Croatia and the euro
 Croatia and the World Bank
 Croatian brands
 Taxation in Croatia