Markets Actual Q4 Q1 Q2 Q3 2021
Currency 6.32 6.34 6.36 6.39 6.41 6.46
Stock Market (points) 1698.68 1667 1647 1628 1609 1570
Government Bond 10Y (%) 0.75 0.79 0.82 0.85 0.88 0.95

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 6.90 -1.5 1.4 3 2.3 0.5
GDP Annual Growth Rate (%) -10.00 -8.5 -8 19 11.8 9.8
Unemployment Rate (%) 9.10 13 13.5 12 12 11
Inflation Rate (%) -0.10 -0.2 0.3 1.5 1.8 2
Inflation Rate Mom (%) 0.40 -0.4 0.5 0.1 0.1 -0.2
Interest Rate (%) 2.50 2 2 2 2 2.25
Balance of Trade (HRK Million) -4000.00 -4350 -6400 -5800 -5800 -4400
Current Account (EUR Million) -666.70 -1100 -980 -300 -300 -800
Current Account to GDP (%) 2.50 -1.9 0.3 0.3 0.3 0.3
Government Debt to GDP (%) 73.20 89.2 83.7 83.7 83.7 83.7
Government Budget (% of GDP) 0.40 -7.8 -2.8 -2.8 -2.8 -2.8
Retail Sales MoM (%) 5.40 1.2 1.7 0.9 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 Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 6.90 -1.5 1.4 3 2.3 0.5
GDP Annual Growth Rate (%) -10.00 -8.5 -8 19 11.8 9.8
GDP (USD Billion) 60.42 50.8 58.5 58.5 58.5 58.5
GDP Constant Prices (HRK Million) 96599.00 93080 86114 79141 97093 95500
Gross Fixed Capital Formation (HRK Million) 20973.00 20247 18277 18690 22345 20773
GDP per capita (USD) 16454.50 15200 16300 16300 16300 16300
GDP per capita PPP (USD) 28508.50 27200 28400 28400 28400 28400
GDP From Agriculture (HRK Million) 3330.00 3229 3030 2041 2918 3312
GDP From Construction (HRK Million) 4660.00 4221 3897 3974 5073 4331
GDP From Manufacturing (HRK Million) 11883.00 11566 11026 10305 13133 11867
GDP From Public Administration (HRK Million) 11760.00 12358 10706 10889 14204 12679
GDP From Services (HRK Million) 19438.00 15433 15228 12593 15173 15834

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 9.10 13 13.5 12 12 11
Labour Costs (points) 111.50 87.4 93.64 103 103 89.58
Wages (HRK/Month) 6747.00 6650 6749 6908 6814 6816
Wages in Manufacturing (HRK/Month) 6269.00 6049 6117 6316 6196 6200
Minimum Wages (EUR/Month) 536.60 525 525 525 525 555
Population (Million) 4.08 4.03 3.99 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 (%) 4.40 2.9 2.9 2.9 2.9 2.5

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -0.10 -0.2 0.3 1.5 1.8 2
Inflation Rate Mom (%) 0.40 -0.4 0.5 0.1 0.1 -0.2
Consumer Price Index CPI (points) 103.10 103 103 104 105 105
Core Consumer Prices (points) 105.10 104 105 105 106 104
Core Inflation Rate (%) 0.70 1 1 1 1 1.5
Producer Prices (points) 94.40 102 99.88 97.64 97.34 104
Producer Prices Change (%) -5.60 1.5 1.5 1.5 1.5 2.2
CPI Transportation (points) 97.40 102 98.19 97.95 99.05 105
Food Inflation (%) 0.90 1.2 1.2 1.2 1.2 2
Harmonised Consumer Prices (points) 103.60 107 107 107 107 109

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 2.50 2 2 2 2 2.25
Interbank Rate (%) 0.18 0.75 -0.33 -0.33 -0.33 1.25
Deposit Interest Rate (%) 0.00 0.5 -0.5 -0.5 -0.5 1
Cash Reserve Ratio (%) 9.00 10 10 10 10 10

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (HRK Million) -4000.00 -4350 -6400 -5800 -5800 -4400
Current Account (EUR Million) -666.70 -1100 -980 -300 -300 -800
Current Account to GDP (%) 2.50 -1.9 0.3 0.3 0.3 0.3
Imports (HRK Million) 14400.00 13000 15200 14800 14800 13200
Exports (HRK Million) 10400.00 8650 8800 9000 9000 8800

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 73.20 89.2 83.7 83.7 83.7 83.7
Government Budget (% of GDP) 0.40 -7.8 -2.8 -2.8 -2.8 -2.8
Government Budget Value (HRK Million) -3712.00 -131 -131 -131 -131 -131
Government Spending (HRK Million) 18789.00 19190 17295 16718 22681 19689
Government Spending to GDP (%) 47.10 53.8 50.1 50.1 50.1 50.1

Taxes Actual Q4 Q1 Q2 Q3 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 37.2 36.5 36.5 36.5 37.2
Social Security Rate For Companies (%) 16.50 17.2 16.5 16.5 16.5 17.2
Social Security Rate For Employees (%) 20.00 20 20 20 20 20

Business Actual Q4 Q1 Q2 Q3 2021
Industrial Production (%) 2.80 -0.5 2.8 3.5 3.2 3
Business Confidence (points) -13.90 -7 -6 -5 -4 -3

Consumer Actual Q4 Q1 Q2 Q3 2021
Retail Sales MoM (%) 5.40 1.2 1.7 0.9 0.9 0.3
Retail Sales YoY (%) -2.50 -3.5 2 5.2 5.2 5.8
Consumer Spending (HRK Million) 49591.00 56319 54882 49594 57534 57784
Consumer Credit (HRK Million) 74788.60 68125 66118 67775 87507 69896
Bank Lending Rate (%) 3.07 3.64 2.45 2.45 2.45 4.14
Consumer Confidence (points) -18.80 -21.3 -16 -11 -12 -13
Gasoline Prices (USD/Liter) 1.40 1.36 1.2 1.14 1.08 1.29


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.