Markets Actual Q2 Q3 Q4 Q1 2021
Currency 6.83 6.87 6.89 6.92 6.95 7
Stock Market (points) 1635.37 1608 1589 1570 1551 1514
Government Bond 10Y (%) 1.45 1.51 1.57 1.63 1.7 1.82

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -1.20 -18.5 9 4.5 2.5 2
GDP Annual Growth Rate (%) 0.40 -19 -13.5 -8.5 -8 9.8
Unemployment Rate (%) 9.40 10.5 12.2 15 17 13.5
Inflation Rate (%) -0.20 1.6 1.3 1.5 1.7 1.9
Inflation Rate Mom (%) -0.20 -0.1 0.7 -0.4 0.5 -0.2
Interest Rate (%) 2.50 2 2 2 2 2.25
Balance of Trade (HRK Million) -5850.56 -6510 -5850 -4550 -4550 -4210
Current Account (EUR Million) -592.10 250 3300 -650 -650 -300
Current Account to GDP (%) 2.50 0.8 0.8 0.8 0.5 0.5
Government Debt to GDP (%) 73.20 78 78 78 80 80
Government Budget (% of GDP) 0.40 -5.4 -5.4 -5.4 -6.2 -6.2
Retail Sales MoM (%) -19.80 -1.6 -1.9 1.7 0.5 0.3
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 36.00 36 36 36 36 36

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -1.20 -18.5 9 4.5 2.5 2
GDP Annual Growth Rate (%) 0.40 -19 -13.5 -8.5 -8 9.8
GDP (USD Billion) 61.35 64.7 64.7 64.7 67.9 67.9
GDP Constant Prices (HRK Million) 86023.00 87008 100091 86114 86585 94554
Gross Fixed Capital Formation (HRK Million) 20315.00 19928 19663 18277 18377 20068
GDP per capita (USD) 15870.30 16800 16800 16800 17500 17500
GDP per capita PPP (USD) 23636.79 24600 24600 24600 22007 25500
GDP From Agriculture (HRK Million) 2218.00 2285 2815 3030 3046 3326
GDP From Construction (HRK Million) 4320.00 3847 3960 3897 3918 4279
GDP From Manufacturing (HRK Million) 11201.00 11013 11129 11026 11086 12106
GDP From Public Administration (HRK Million) 11836.00 10571 10928 10706 10765 11756
GDP From Services (HRK Million) 13688.00 17395 24115 15228 15312 16721

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 9.40 10.5 12.2 15 17 13.5
Labour Costs (points) 91.00 100 86.74 93.64 93.64 95.98
Wages (HRK/Month) 6713.00 6664 6604 6749 6993 6918
Wages in Manufacturing (HRK/Month) 6138.00 6103 6024 6117 6389 6270
Minimum Wages (EUR/Month) 546.07 525 525 525 525 555
Population (Million) 4.08 4.06 4.06 4.03 3.99 3.99
Retirement Age Women 62.00 62.5 62.5 62.5 62.5 62.5
Retirement Age Men 65.00 65 65 65 65 65
Living Wage Family (HRK/Month) 10500.00 10815 10805 10805 10805 11075
Living Wage Individual (HRK/Month) 7020.00 7231 7224 7224 7224 7404
Wages Low Skilled (HRK/Month) 3740.00 3852 3848 3848 3848 3945
Wages High Skilled (HRK/Month) 7340.00 7560 7553 7553 7553 7742
Wage Growth (%) 6.60 3 2.9 2.9 2.9 2.5

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) -0.20 1.6 1.3 1.5 1.7 1.9
Inflation Rate Mom (%) -0.20 -0.1 0.7 -0.4 0.5 -0.2
Consumer Price Index CPI (points) 102.30 104 104 104 104 106
Core Consumer Prices (points) 104.60 104 105 105 104 106
Core Inflation Rate (%) 1.50 1 1.1 1 1 1.5
Producer Prices (points) 95.90 103 102 102 103 104
Producer Prices Change (%) -5.90 2.2 1.7 1.5 1.5 2.2
CPI Transportation (points) 93.50 105 103 104 99.56 106
Food Inflation (%) 3.70 1 1.1 1.2 1.2 2
Harmonised Consumer Prices (points) 102.71 103 103 107 107 109

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 2.50 2 2 2 2 2.25
Interbank Rate (%) 0.18 -0.33 -0.33 -0.33 -0.33 -0.08
Deposit Interest Rate (%) 0.00 -0.5 -0.5 -0.5 -0.5 -0.25
Cash Reserve Ratio (%) 9.96 10 10 10 10 10

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (HRK Million) -5850.56 -6510 -5850 -4550 -4550 -4210
Current Account (EUR Million) -592.10 250 3300 -650 -650 -300
Current Account to GDP (%) 2.50 0.8 0.8 0.8 0.5 0.5
Imports (HRK Million) 14629.53 15800 15200 13200 13200 13400
Exports (HRK Million) 8778.97 9290 9350 8650 8650 9190

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 73.20 78 78 78 80 80
Government Budget (% of GDP) 0.40 -5.4 -5.4 -5.4 -6.2 -6.2
Government Budget Value (HRK Million) 2190.40 -132 -132 -131 -131 -131
Government Spending (HRK Million) 18172.00 17133 17104 17295 17390 18990
Government Spending to GDP (%) 47.10 53.8 53.8 53.8 50.1 50.1

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 36.00 36 36 36 36 36
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 36.50 36.5 36.5 36.5 36.5 36.5
Social Security Rate For Companies (%) 16.50 16.5 16.5 16.5 16.5 16.5
Social Security Rate For Employees (%) 20.00 20 20 20 20 20

Business Actual Q2 Q3 Q4 Q1 2021
Industrial Production (%) -11.00 -12 -8 -4.5 2.8 4
Business Confidence (points) -19.70 -20 -18 -16 -14 -10

Consumer Actual Q2 Q3 Q4 Q1 2021
Retail Sales MoM (%) -19.80 -1.6 -1.9 1.7 0.5 0.3
Retail Sales YoY (%) -25.50 -12.5 -6.5 -3.5 2 5.8
Consumer Spending (HRK Million) 53906.00 47189 50058 54882 55182 60260
Consumer Credit (HRK Million) 73668.60 62283 65398 66118 67775 72598
Bank Lending Rate (%) 2.72 2.22 2.22 2.22 2.22 2.47
Consumer Confidence (points) -21.70 -22 -30 -18 -15.5 -14
Gasoline Prices (USD/Liter) 1.24 1.19 1.13 1.07 1.02 0.97


This page has economic forecasts for Croatia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Croatia economy.