Markets Actual Q3 Q4 Q1 Q2 2020
Currency 6.63 6.7 6.73 6.77 6.8 6.87
Stock Market (points) 1874.25 1889 1878 1867 1857 1835
Government Bond 10Y (%) 0.79 1.16 1.18 1.21 1.23 1.29
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.80 0.8 0.8 0.7 0.6 0.6
GDP Annual Growth Rate (%) 3.90 2.5 3 2.7 3.2 2.3
Unemployment Rate (%) 7.20 6.9 7.8 8.5 7 7.3
Inflation Rate (%) 1.10 1.2 1.5 1.6 1.8 1.5
Inflation Rate Mom (%) -0.50 0.9 -0.5 0.5 -0.1 -0.4
Interest Rate (%) 2.50 2.5 2.5 2.75 2.75 3
Balance of Trade (HRK Million) -5140.54 -5400 -4450 -7630 -6510 -4550
Current Account (EUR Million) -2203.20 3300 -500 -1500 250 -650
Current Account to GDP (%) 2.60 2 2 1.5 1.5 1.5
Government Debt to GDP (%) 74.10 71.5 71.5 68 68 68
Government Budget (% of GDP) 0.20 0.2 0.2 0.3 0.3 0.3
Retail Sales MoM (%) 6.30 0.6 1 0.7 0.6 0.5
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 2020
GDP Growth Rate (%) 1.80 0.8 0.8 0.7 0.6 0.6
GDP Annual Growth Rate (%) 3.90 2.5 3 2.7 3.2 2.3
GDP (USD Billion) 60.81 61.35 61.35 64.7 64.7 64.7
GDP Constant Prices (HRK Million) 82735.00 101588 90986 84969 85383 93079
Gross Fixed Capital Formation (HRK Million) 19712.00 20584 19791 20244 20343 20247
GDP per capita (USD) 15870.30 16000 16000 16800 16800 16800
GDP per capita PPP (USD) 23636.79 24000 24000 24600 24600 24600
GDP From Agriculture (HRK Million) 1974.00 2731 3156 2027 2037 3229
GDP From Construction (HRK Million) 4114.00 4113 4126 4225 4246 4221
GDP From Manufacturing (HRK Million) 10405.00 10847 11306 10686 10738 11566
GDP From Public Administration (HRK Million) 11751.00 12016 12080 12068 12127 12358
GDP From Services (HRK Million) 12776.00 22723 15085 13121 13185 15432
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 7.20 6.9 7.8 8.5 7 7.3
Wages (HRK/Month) 6470.00 6375 6462 6592 6592 6650
Wages in Manufacturing (HRK/Month) 5925.00 5803 5878 6013 6013 6049
Minimum Wages (EUR/Month) 505.90 506 506 525 525 525
Population (Million) 4.11 4.07 4.07 4.03 4.03 4.03
Retirement Age Women 62.00 62 62.25 62.5 62.5 62.5
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 3.90 2.9 3.2 3 3 2.9
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.10 1.2 1.5 1.6 1.8 1.5
Inflation Rate Mom (%) -0.50 0.9 -0.5 0.5 -0.1 -0.4
Consumer Price Index CPI (Index Points) 102.20 103 103 104 105 105
Core Consumer Prices (Index Points) 102.50 103 103 102 104 104
Core Inflation Rate (%) 0.90 1 0.7 1.1 1.2 1
Producer Prices (Index Points) 100.80 102 101 103 102 103
Producer Prices Change (%) 0.30 0.5 1.8 2.2 1.7 1.5
Food Inflation (%) 0.20 1.3 1.5 2 2.4 2.2
CPI Transportation (Index Points) 102.80 106 101 103 105 103
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.50 2.5 2.5 2.75 2.75 3
Interbank Rate (%) 0.22 0.75 0.75 0.75 0.49 0.75
Deposit Interest Rate (%) 0.00 0.5 0.5 0.5 0.25 0.5
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (HRK Million) -5140.54 -5400 -4450 -7630 -6510 -4550
Current Account (EUR Million) -2203.20 3300 -500 -1500 250 -650
Current Account to GDP (%) 2.60 2 2 1.5 1.5 1.5
Imports (HRK Million) 13677.11 14570 12900 16580 15800 13200
Exports (HRK Million) 8536.57 9220 8450 8950 9290 8650
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 74.10 71.5 71.5 68 68 68
Government Budget (% of GDP) 0.20 0.2 0.2 0.3 0.3 0.3
Government Spending (HRK Million) 17290.00 18222 18758 17757 17843 19190
Government Spending to GDP (%) 46.40 46.7 46.7 47 47 47
Taxes Actual Q3 Q4 Q1 Q2 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 37.2 37.2 37.2 36.5 37.2
Social Security Rate For Companies (%) 16.50 17.2 17.2 17.2 16.5 17.2
Social Security Rate For Employees (%) 20.00 20 20 20 20 20
Business Actual Q3 Q4 Q1 Q2 2020
Industrial Production (%) -5.60 1.9 4.5 3.5 2.5 2.2
Business Confidence (Index Points) 8.70 8 9.8 10 10.5 11
Consumer Actual Q3 Q4 Q1 Q2 2020
Retail Sales MoM (%) 6.30 0.6 1 0.7 0.6 0.5
Retail Sales YoY (%) 6.10 4.6 4.5 4.1 3.7 3.5
Consumer Spending (HRK Million) 49603.00 49400 55052 50942 51190 56319
Bank Lending Rate (%) 3.27 3.64 3.64 3.64 3.34 3.64
Gasoline Prices (USD/Liter) 1.52 1.48 1.44 1.41 1.37 1.37
Consumer Confidence (Index Points) -5.30 -6.3 -6.7 -5 -4.6 -4


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.