Markets Actual Q1 Q2 Q3 Q4 2020
Currency 6.70 6.72 6.74 6.77 6.8 6.86
Stock Market (points) 2049.38 2018 2006 1995 1983 1960
Government Bond 10Y (%) 0.64 0.68 0.71 0.74 0.77 0.83
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.80 0.7 0.6 0.7 0.6 0.6
GDP Annual Growth Rate (%) 2.90 2.2 2.5 2.8 3 2
Unemployment Rate (%) 7.70 8.5 7 6.8 7.5 6.5
Inflation Rate (%) 1.40 1.4 0.9 1.2 1.1 1.1
Inflation Rate Mom (%) -0.10 0.5 -0.1 0.7 -0.4 -0.2
Interest Rate (%) 2.50 2.5 2.25 2 2 2.25
Balance of Trade (HRK Million) -5200.00 -7630 -6510 -5850 -4550 -4210
Current Account (EUR Million) 4567.60 -1500 250 3300 -650 -300
Current Account to GDP (%) 2.50 0.8 0.8 0.8 0.8 0.5
Government Debt to GDP (%) 74.10 68 68 68 68 66
Government Budget (% of GDP) 0.20 0.1 0.1 0.1 0.1 0
Retail Sales MoM (%) 0.30 0.7 0.6 0.8 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.80 0.7 0.6 0.7 0.6 0.6
GDP Annual Growth Rate (%) 2.90 2.2 2.5 2.8 3 2
GDP (USD Billion) 60.81 64.7 64.7 64.7 64.7 67.9
GDP Constant Prices (HRK Million) 107336.00 83645 93084 108839 110556 112767
Gross Fixed Capital Formation (HRK Million) 21086.00 19929 22304 21381 21719 22153
GDP per capita (USD) 15870.30 16800 16800 16800 16800 17500
GDP per capita PPP (USD) 23636.79 24600 24600 24600 24600 25500
GDP From Agriculture (HRK Million) 3019.00 1996 2335 3061 3110 3172
GDP From Construction (HRK Million) 4247.00 4159 4346 4306 4374 4462
GDP From Manufacturing (HRK Million) 11935.00 10519 11130 12102 12293 12539
GDP From Public Administration (HRK Million) 11719.00 11880 12083 11883 12071 12312
GDP From Services (HRK Million) 25861.00 12917 17602 26223 26637 27170
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 7.70 8.5 7 6.8 7.5 6.5
Labour Costs (points) 97.20 100 100 100 100 103
Wages (HRK/Month) 6496.00 6658 6664 6604 6684 6851
Wages in Manufacturing (HRK/Month) 5984.00 6090 6103 6024 6158 6311
Minimum Wages (EUR/Month) 505.90 525 525 525 525 555
Population (Million) 4.11 4.06 4.06 4.06 4.03 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 (%) 3.60 3 3 2.9 2.9 2.5
Living Wage Family (HRK/Month) 10500.00 10815 10815 10805 10805 11075
Living Wage Individual (HRK/Month) 7020.00 7231 7231 7224 7224 7404
Wages Low Skilled (HRK/Month) 3740.00 3852 3852 3848 3848 3945
Wages High Skilled (HRK/Month) 7340.00 7560 7560 7553 7553 7742
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.40 1.4 0.9 1.2 1.1 1.1
Inflation Rate Mom (%) -0.10 0.5 -0.1 0.7 -0.4 -0.2
Consumer Price Index CPI (points) 102.90 103 104 104 104 105
Core Consumer Prices (points) 104.20 104 104 104 105 107
Core Inflation Rate (%) 1.10 1.3 1 1.1 1 1.5
Producer Prices (points) 100.60 103 103 102 102 105
Producer Prices Change (%) 1.00 1.8 2.2 1.7 1.5 2.2
Harmonised Consumer Prices (points) 103.25 103 103 103 107 109
Food Inflation (%) 2.10 1.2 1 1.1 1.2 2
CPI Transportation (points) 102.70 103 104 103 103 104
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.50 2.5 2.25 2 2 2.25
Interbank Rate (%) 0.18 0.18 -0.08 -0.33 -0.33 -0.33
Deposit Interest Rate (%) 0.00 0 -0.25 -0.5 -0.5 -0.5
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (HRK Million) -5200.00 -7630 -6510 -5850 -4550 -4210
Current Account (EUR Million) 4567.60 -1500 250 3300 -650 -300
Current Account to GDP (%) 2.50 0.8 0.8 0.8 0.8 0.5
Imports (HRK Million) 14632.00 16580 15800 15200 13200 13400
Exports (HRK Million) 9432.00 8950 9290 9350 8650 9190
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 74.10 68 68 68 68 66
Government Budget (% of GDP) 0.20 0.1 0.1 0.1 0.1 0
Government Budget Value (HRK Million) 2190.40 -132 -132 -132 -131 -131
Government Spending (HRK Million) 18342.00 17480 19113 18599 18892 19270
Government Spending to GDP (%) 46.40 47 47 47 47 46.9
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Industrial Production (%) -0.40 3.5 2.5 2.3 2.2 2
Business Confidence (points) 10.30 6.8 7.2 5.2 8 4
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales MoM (%) 0.30 0.7 0.6 0.8 0.5 0.3
Retail Sales YoY (%) 2.50 4.1 3.7 3.6 3.5 3.5
Consumer Spending (HRK Million) 53682.00 50149 52794 54434 55292 56398
Consumer Credit (HRK Million) 71748.60 67346 69681 71113 73021 74481
Bank Lending Rate (%) 3.13 2.96 2.71 2.46 2.46 2.46
Gasoline Prices (USD/Liter) 1.50 1.65 1.69 1.73 1.77 1.77
Consumer Confidence (points) -3.10 -5 -4.6 -4.8 -4 -1.5


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.