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The economy of Croatia is a developed social market economy. It is one of the largest economies in Southeast Europe by nominal gross domestic product (GDP). It is an open economy with accommodative foreign policy, highly dependent on international trade in Europe.
Sep 21, 2023 · Economic Survey of Croatia - 21 September 2023. Croatia has navigated well the COVID-19 crisis and the price shocks following Russia’s war of aggression on Ukraine. It has achieved robust output growth, rising employment and improving well-being, although inflation has surged.
Apr 19, 2024 · Croatia's economic activity continues to show resilience, which is reflected in an accelerated convergence with average European Union (EU) incomes over the last three years. The country's GDP per capita is set to exceed 75% of the EU average in 2023, up by 9 percentage points. compared to 2019.
Oct 5, 2023 · Türkiye is set to grow by 4.2% this year, reflecting reduced policy uncertainty and resilient consumer demand. However, growth is likely to slow to an average of 3.5% in 2024 and 2025 as domestic demand cools in the face of rising interest rates and gradual fiscal consolidation.
Where the OECD aggregate is not provided in the source database, a simple OECD average of latest available data is calculated where data exist for at least 80% of member countries.
Economy. Risk. Business. In brief. In a landmark development, Croatia joined the EU Schengen area and adopted the euro on January 1st 2023. This has provided a boost to Croatia's tourism industry, which has a typical contribution to GDP of 25% and accounts for a similar share of employment.
The latest macroeconomic forecast for Croatia. Croatia’s GDP is forecast to grow by 3.3% in 2024 and 2.9% in 2025, largely driven by strong household consumption. The labour market is expected to remain tight, with employment continuing to grow and the unemployment rate reaching new lows.
