Markets Actual Q3 Q4 Q1 Q2 2021
Currency 6.48 6.49 6.52 6.55 6.57 6.62
Stock Market (points) 1618.76 1619 1600 1581 1562 1525
Government Bond 10Y (%) 0.79 0.82 0.85 0.88 0.92 0.99

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -14.90 9 4.5 2.5 2.3 2
GDP Annual Growth Rate (%) -15.10 -13.5 -8.5 -8 19 9.8
Unemployment Rate (%) 9.00 12.2 13 13.5 12 11
Inflation Rate (%) -0.10 0.2 0.5 0.7 0.9 1.1
Inflation Rate Mom (%) -0.10 0.7 -0.4 0.5 0.1 -0.2
Interest Rate (%) 2.50 2 2 2 2 2.25
Balance of Trade (HRK Million) -4842.00 -4650 -4550 -6400 -5800 -4210
Current Account (EUR Million) -1468.10 2900 -1100 -980 -300 -800
Current Account to GDP (%) 2.50 -1.9 -1.9 0.3 0.3 0.3
Government Debt to GDP (%) 73.20 89.2 89.2 83.7 83.7 83.7
Government Budget (% of GDP) 0.40 -7.8 -7.8 -2.8 -2.8 -2.8
Retail Sales MoM (%) -0.90 -1.9 1.7 1.7 0.9 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 Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -14.90 9 4.5 2.5 2.3 2
GDP Annual Growth Rate (%) -15.10 -13.5 -8.5 -8 19 9.8
GDP (USD Billion) 60.42 50.8 50.8 58.5 58.5 58.5
GDP Constant Prices (HRK Million) 81591.00 100091 86114 79141 102367 94554
Gross Fixed Capital Formation (HRK Million) 18777.00 19663 18277 18690 24175 20068
GDP per capita (USD) 16454.50 15200 15200 16300 16300 16300
GDP per capita PPP (USD) 28508.50 27200 27200 28400 28400 28400
GDP From Agriculture (HRK Million) 2452.00 2815 3030 2041 2639 3326
GDP From Construction (HRK Million) 4263.00 3960 3897 3974 5141 4279
GDP From Manufacturing (HRK Million) 11036.00 11129 11026 10305 13329 12106
GDP From Public Administration (HRK Million) 11936.00 10928 10706 10889 14085 11756
GDP From Services (HRK Million) 12750.00 24115 15228 12593 16289 16721

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 9.00 12.2 13 13.5 12 11
Labour Costs (points) 111.50 86.74 93.64 103 103 95.98
Wages (HRK/Month) 6722.00 6604 6749 6908 6814 6918
Wages in Manufacturing (HRK/Month) 6230.00 6024 6117 6316 6196 6270
Minimum Wages (EUR/Month) 536.60 525 525 525 525 555
Population (Million) 4.08 4.06 4.03 3.99 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
Wage Growth (%) 2.80 2.9 2.9 2.9 2.9 2.5

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -0.10 0.2 0.5 0.7 0.9 1.1
Inflation Rate Mom (%) -0.10 0.7 -0.4 0.5 0.1 -0.2
Consumer Price Index CPI (points) 101.80 103 103 103 103 105
Core Consumer Prices (points) 103.30 105 105 105 106 106
Core Inflation Rate (%) 1.10 1.1 1 1 1 1.5
Producer Prices (points) 96.30 102 102 99.88 97.64 104
Producer Prices Change (%) -4.10 1.7 1.5 1.5 1.5 2.2
CPI Transportation (points) 97.20 102 103 98.59 97.37 104
Food Inflation (%) 1.50 1.1 1.2 1.2 1.2 2
Harmonised Consumer Prices (points) 103.27 103 107 107 107 109

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 2.50 2 2 2 2 2.25
Interbank Rate (%) 0.18 -0.33 -0.33 -0.33 -0.33 -0.33
Deposit Interest Rate (%) 0.00 -0.5 -0.5 -0.5 -0.5 -0.5
Cash Reserve Ratio (%) 9.00 10 10 10 10 10

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (HRK Million) -4842.00 -4650 -4550 -6400 -5800 -4210
Current Account (EUR Million) -1468.10 2900 -1100 -980 -300 -800
Current Account to GDP (%) 2.50 -1.9 -1.9 0.3 0.3 0.3
Imports (HRK Million) 14782.00 14000 13000 15200 14800 13200
Exports (HRK Million) 9940.00 9350 8650 8800 9000 8800

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 73.20 89.2 89.2 83.7 83.7 83.7
Government Budget (% of GDP) 0.40 -7.8 -7.8 -2.8 -2.8 -2.8
Government Budget Value (HRK Million) -3712.00 -132 -131 -131 -131 -131
Government Spending (HRK Million) 19060.00 17104 17295 16718 21625 18990
Government Spending to GDP (%) 47.10 53.8 53.8 50.1 50.1 50.1

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Industrial Production (%) -1.60 -8 -4.5 2.8 3.5 4
Business Confidence (points) -11.90 -11 -7 -6 -5 -3

Consumer Actual Q3 Q4 Q1 Q2 2021
Retail Sales MoM (%) -0.90 -1.9 1.7 1.7 0.9 0.3
Retail Sales YoY (%) -6.70 -6.5 -3.5 2 5.2 5.8
Consumer Spending (HRK Million) 48348.00 49971 54882 49594 64148 60260
Consumer Credit (HRK Million) 74244.60 65398 66118 67775 87507 72598
Bank Lending Rate (%) 2.95 2.43 2.43 2.43 2.43 2.43
Consumer Confidence (points) -14.80 -12 -9.5 -7.3 -6.5 -5.5
Gasoline Prices (USD/Liter) 1.45 1.26 1.2 1.14 1.08 1.03


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.