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Croatia

Headline economic indicators for Croatia, with the most recent official readings.

Prices

Prices — Croatia
Indicator Value Change
Inflation rate · 3.7% +0.72 (+24.2%)
Consumer price index · 144.0 +5.13 (+3.7%)
Inflation rate (monthly) · 4.3% +0.60 (+16.2%)
Harmonised consumer price index · 145.3 +0.05 (+0.0%)
House price index (quarterly) · 222.7 +7.05 (+3.3%)
House price inflation, year on year (quarterly) · 14.3% -1.58 (-9.9%)
Real house price index (quarterly) · 151.1 +3.58 (+2.4%)
Real house price growth, year on year (quarterly) · 10.0% -1.90 (-16.0%)
Producer prices, year on year (monthly) · 8.6% +2.40 (+38.7%)
GDP deflator inflation · 4.7% +0.18 (+4.0%)

GDP

GDP — Croatia
Indicator Value Change
GDP growth rate · 3.4% -0.42 (-11.0%)
GDP per capita · 27,103.91 +3,054 (+12.7%)
GDP growth, quarter on quarter · 0.4% +0.30 (+300.0%)
GDP growth, year on year (quarterly) · 1.7% -0.60 (-26.1%)
Industrial production, year on year (monthly) · 7.0% +1.80 (+34.6%)
Retail sales volume, year on year (monthly) · 2.9% -0.30 (-9.4%)
Economic sentiment indicator (monthly) · 105.8 -2.20 (-2.0%)
Consumer confidence (monthly) · -9.9 -1.10 (-12.5%)
GDP per capita, long-run history · 26,987 +1,927 (+7.7%)
GDP · 105,060,182,186.27 +12,078,288,018 (+13.0%)
GDP, PPP · 197,477,532,964 +5,904,201,646 (+3.1%)
GDP per capita, PPP · 50,946 +1,395 (+2.8%)
GDP per capita growth · 3.1% -0.51 (-14.1%)
GNI per capita · 25,360 +3,130 (+14.1%)
Agriculture to GDP · 2.8% -0.06 (-2.2%)
Industry to GDP · 19.0% -0.24 (-1.3%)
Manufacturing to GDP · 10.1% -0.33 (-3.2%)
Services to GDP · 60.9% +0.09 (+0.1%)
Household consumption to GDP · 56.2% -1.00 (-1.8%)
Gross capital formation to GDP · 24.6% +0.27 (+1.1%)
Gross savings to GDP · 21.0% -1.13 (-5.1%)

Labour

Labour — Croatia
Indicator Value Change
Unemployment rate · 5.0% +0.00 (+0.0%)
Unemployment rate (monthly) · 4.3% +0.00 (+0.0%)
Labour force participation rate · 52.1% -0.21 (-0.4%)
Female labour force participation rate · 47.4% -0.16 (-0.3%)
Youth unemployment rate · 16.5% -0.00 (-0.0%)
Employment to population ratio · 49.5% -0.20 (-0.4%)
Employment in agriculture · 4.3% -0.16 (-3.5%)
Employment in industry · 26.4% -0.30 (-1.1%)
Employment in services · 69.3% +0.46 (+0.7%)

Money

Money — Croatia
Indicator Value Change
Real interest rate · 8.4% -0.01 (-0.1%)
Central bank policy rate · 2.7% +0.25 (+10.4%)
ECB deposit facility rate · 2.5% +0.25 (+11.1%)
Real effective exchange rate (monthly) · 105.8 +0.65 (+0.6%)
Nominal effective exchange rate (monthly) · 104.5 +0.04 (+0.0%)
Cost of borrowing for house purchase (monthly) · 2.9% +0.00 (+0.0%)
Cost of borrowing for corporations (monthly) · 4.1% +0.51 (+14.4%)
10-year government bond yield (monthly) · 3.6% +0.01 (+0.3%)
Private sector credit to GDP · 46.9% +0.42 (+0.9%)
Lending rate · 8.6% -0.67 (-7.2%)
Bank deposit rate · 1.4% -0.17 (-11.0%)
Stock market capitalization to GDP · 36.1% +6.16 (+20.6%)
Bank nonperforming loans · 2.8% -0.29 (-9.3%)
Official exchange rate · 0.88 -0.04 (-4.2%)

Trade

Trade — Croatia
Indicator Value Change
Current account to GDP · -3.2% -1.11 (-53.6%)
Exports to GDP · 48.0% -2.17 (-4.3%)
Imports to GDP · 53.0% -1.76 (-3.2%)
Trade to GDP · 101.0% -3.93 (-3.7%)
Exports of goods and services · 50,399,507,887.84 +3,777,051,577 (+8.1%)
Imports of goods and services · 55,696,868,835.29 +4,769,785,400 (+9.4%)
Trade balance, goods and services (annual) · -4,837,692,547.81 -642,613,034 (-15.3%)
Current account balance (annual) · -3,350,678,886.84 -1,419,961,572 (-73.5%)
Foreign direct investment to GDP · 2.8% -2.03 (-41.6%)
Remittances received to GDP · 6.9% -0.31 (-4.3%)
Total reserves, including gold · 4,216,234,683.48 +880,939,751 (+26.4%)
Reserves in months of imports · 0.8 +0.09 (+13.6%)

Government

Government — Croatia
Indicator Value Change
Government debt to GDP (quarterly) · 56.2% -1.60 (-2.8%)
Government revenue to GDP · 35.1% -3.18 (-8.3%)
Government expense to GDP · 38.1% +0.29 (+0.8%)
Tax revenue to GDP · 21.2% -0.49 (-2.3%)
Government budget balance to GDP · -1.4% -0.98 (-218.7%)
Government consumption to GDP · 24.3% +1.15 (+5.0%)
Education spending to GDP · 4.1% -0.32 (-7.2%)
Health spending to GDP · 7.1% -0.15 (-2.0%)

Demography

Demography — Croatia
Indicator Value Change
Population · 3,876,200 +10,000 (+0.3%)
Population, long-run history · 3,790 -48.39 (-1.3%)
Population growth · 0.3% +0.09 (+53.2%)
Life expectancy · 78.9 +0.46 (+0.6%)
Fertility rate · 1.46 +0.00 (+0.0%)
Birth rate · 8.3 +0.00 (+0.0%)
Death rate · 13.2 -0.10 (-0.8%)
Urban population share · 57.8% +0.30 (+0.5%)
Population aged 65 and over · 23.6% +0.42 (+1.8%)
Under-five mortality rate · 5.6 +0.50 (+9.8%)
Population density · 69.1 +0.12 (+0.2%)
Net migration · -3,481 +1,705 (+32.9%)
Gini index · 30.1 +0.10 (+0.3%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: ECB

Source: ECB euro foreign exchange reference rates

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Croatia

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