Croatia - Economy
How is the economy of Croatia? Based on the information we have, Croatia has a
upper-middle-income Balkan economy; newest euro user (introduced in 2023); increased investments from EU structural funds and tourism sector contributing to strong but moderating economic growth; declining energy prices and restrictive monetary policy easing inflation; historically low unemployment rate with labor shortages within services and manufacturing sectors
. Key agricultural products in this country include: maize, wheat, sugar beets, milk, barley, soybeans, sunflower seeds, potatoes, pork, grapes (2023).More about the economy of Croatia
| Labor force | 1.733 million (2024 est.) |
|---|---|
| Industrial production growth rate | 2.1% (2024 est.) |
| 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 |
| Population below poverty line | 18% (2021 est.) |
| Taxes and other revenues | 21.5% (of GDP) (2023 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | euros (EUR) per US dollar - |
| Exchange rates 2024 | 0.924 (2024 est.) |
| Exchange rates 2023 | 0.925 (2023 est.) |
| Exchange rates 2022 | 0.95 (2022 est.) |
| Exchange rates 2021 | 0.845 (2021 est.) |
| Exchange rates 2020 | 0.876 (2020 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $3.336 billion (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $3.176 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $29.726 billion (2022 est.) |
| Current account balance | |
| Current account balance 2024 | -$1.049 billion (2024 est.) |
| Current account balance 2023 | $635.97 million (2023 est.) |
| Current account balance 2022 | -$2.621 billion (2022 est.) |
| Public debt | |
| Public debt 2023 | 75.6% of GDP (2023 est.) |
| Budget | |
| Revenues | $3.678 billion (2022 est.) |
| Expenditures | $3.662 billion (2022 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2024 | 7.3% of GDP (2024 est.) |
| Remittances 2023 | 7.2% of GDP (2023 est.) |
| Remittances 2022 | 7.5% of GDP (2022 est.) |
| Household income | |
| Lowest 10% | 2.9% (2022 est.) |
| Highest 10% | 23% (2022 est.) |
| Average household expenditures | |
| On food | 18.5% of household expenditures (2023 est.) |
| On alcohol and tobacco | 7.9% of household expenditures (2023 est.) |
| Imports | |
| Imports 2024 | $49.86 billion (2024 est.) |
| Imports 2023 | $46.811 billion (2023 est.) |
| Imports 2022 | $46.769 billion (2022 est.) |
| Imports (partners) | Italy 14%, Germany 14%, Slovenia 11%, Hungary 6%, Austria 5% (2023) |
| Comodities Imports force | refined petroleum, cars, garments, natural gas, crude petroleum (2023) |
| Exports | |
| Imports 2024 | $49.86 billion (2024 est.) |
| Imports 2023 | $46.811 billion (2023 est.) |
| Imports 2022 | $46.769 billion (2022 est.) |
| Exports (partners) | Italy 14%, Germany 11%, Slovenia 11%, Bosnia & Herzegovina 6%, Austria 6% (2023) |
| Comodities Exports force | ships, garments, electricity, packaged medicine, wood (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $164.825 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $158.769 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $153.693 billion (2022 est.) |
| GDP (official exchange rate) | $92.526 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $42,600 (2024 est.) |
| Real GDP per capita 2023 | $41,100 (2023 est.) |
| Real GDP per capita 2022 | $39,900 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 3.4% (2024 est.) |
| Industry | 19.8% (2024 est.) |
| Services | 59.7% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 57% (2024 est.) |
| Government consumption | 22.6% (2024 est.) |
| Investment in fixed capital | 23.7% (2024 est.) |
| Investment in inventories | -0.2% (2024 est.) |
| Exports of goods and services | 49.8% (2024 est.) |
| Imports of goods and services | -52.9% (2024 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 5.3% (2024 est.) |
| Unemployment rate 2023 | 6.1% (2023 est.) |
| Unemployment rate 2022 | 7% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 16.6% (2024 est.) |
| Male | 15.5% (2024 est.) |
| Female | 18.2% (2024 est.) |
All Important Facts about Croatia
Want to know more about Croatia? Check all different factbooks for Croatia below.
