Markets Actual Q2 Q3 Q4 Q1 2020
Currency 6.59 6.68 6.71 6.75 6.79 6.86
Stock Market (points) 1908.73 1841 1830 1820 1809 1789
Government Bond 10Y (%) 1.33 1.74 1.77 1.8 1.83 1.89
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.80 1.6 0.8 0.8 0.7 0.6
GDP Annual Growth Rate (%) 3.90 4.5 2.5 3 2.7 2.3
Unemployment Rate (%) 8.60 7.1 6.9 7.8 8.5 7.3
Inflation Rate (%) 0.90 1.1 2.2 1.5 1.6 1.5
Inflation Rate Mom (%) 0.60 0 0.9 -0.5 0.5 -0.4
Interest Rate (%) 2.50 2.5 2.5 2.5 2.75 3
Balance of Trade (HRK Million) -7480.00 -6300 -5400 -4450 -7630 -4550
Current Account to GDP (%) 2.60 2 2 2 1.5 1.5
Government Debt to GDP (%) 74.10 71.5 71.5 71.5 68 68
Government Budget (% of GDP) 0.20 0.2 0.2 0.2 0.3 0.3
Retail Sales MoM (%) 0.00 0.5 0.6 1 0.7 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.80 1.6 0.8 0.8 0.7 0.6
GDP Annual Growth Rate (%) 3.90 4.5 2.5 3 2.7 2.3
GDP (USD Billion) 54.85 57 57 57 58 58
GDP Constant Prices (HRK Million) 82735.00 93821 101588 90986 84969 93079
Gross Fixed Capital Formation (HRK Million) 19712.00 21281 20584 19791 20244 20247
GDP per capita (USD) 15219.88 16900 16900 16900 17800 17800
GDP per capita PPP (USD) 22669.80 23750 23750 23750 24000 24000
GDP From Agriculture (HRK Million) 1974.00 2419 2731 3156 2027 3229
GDP From Construction (HRK Million) 4114.00 4167 4113 4126 4225 4221
GDP From Manufacturing (HRK Million) 10405.00 11606 10847 11306 10686 11566
GDP From Public Administration (HRK Million) 11751.00 12258 12016 12080 12068 12358
GDP From Services (HRK Million) 12776.00 17457 22723 15085 13121 15432
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 8.60 7.1 6.9 7.8 8.5 7.3
Wages (HRK/Month) 6464.00 6464 6375 6462 6592 6650
Wages in Manufacturing (HRK/Month) 5913.00 5967 5803 5878 6013 6049
Minimum Wages (EUR/Month) 505.90 506 506 506 525 525
Population (Million) 4.11 4.08 4.08 4.07 4.03 4.03
Retirement Age Women 62.00 62 62 62.25 62.5 62.5
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 0.90 1.1 2.2 1.5 1.6 1.5
Inflation Rate Mom (%) 0.60 0 0.9 -0.5 0.5 -0.4
Consumer Price Index CPI (Index Points) 103.00 103 104 103 104 105
Core Consumer Prices (Index Points) 103.20 103 103 103 104 104
Core Inflation Rate (%) 0.90 0.9 1 0.7 1.1 1
Producer Prices (Index Points) 101.70 100 102 101 103 103
Producer Prices Change (%) 1.50 0.5 0.5 1.8 2.2 1.5
Food Inflation (%) -1.70 -1.5 1.3 1.5 2 2.2
CPI Transportation (Index Points) 104.10 106 107 101 103 103
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 2.50 2.5 2.5 2.5 2.75 3
Interbank Rate (%) 0.24 0.24 0.24 0.24 0.49 0.74
Deposit Interest Rate (%) 0.00 0 0 0 0.25 0.5
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (HRK Million) -7480.00 -6300 -5400 -4450 -7630 -4550
Current Account to GDP (%) 2.60 2 2 2 1.5 1.5
Imports (HRK Million) 16450.00 15400 14570 12900 16580 13200
Exports (HRK Million) 9100.00 9150 9220 8450 8950 8650
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 74.10 71.5 71.5 71.5 68 68
Government Budget (% of GDP) 0.20 0.2 0.2 0.2 0.3 0.3
Government Spending (HRK Million) 17290.00 18987 18222 18758 17757 19190
Government Spending to GDP (%) 46.40 46.7 46.7 46.7 47 47
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Industrial Production (%) 3.00 -1.5 3.8 4.5 3.5 2.2
Business Confidence (Index Points) 7.00 11.8 10.9 9.8 10 11
Consumer Actual Q2 Q3 Q4 Q1 2020
Retail Sales MoM (%) 0.00 0.5 0.6 1 0.7 0.5
Retail Sales YoY (%) 4.80 4.8 4.6 4.5 4.1 3.5
Consumer Spending (HRK Million) 49603.00 53031 49400 55052 50942 56319
Bank Lending Rate (%) 3.09 3.09 3.09 3.09 3.34 3.59
Gasoline Prices (USD/Liter) 1.54 1.46 1.42 1.39 1.36 1.36
Consumer Confidence (Index Points) -2.40 -3 -12 -13 -14 -16


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.