Croatia's unemployment rate fell to 7.5 percent in May of 2019 from 9.2 percent in the same month a year ago, a level not seen since at least December 1996. The number of unemployed persons decreased by 25 thousand to 116 thousand. In April, the jobless rate was higher at 8.6 percent. Unemployment Rate in Croatia averaged 17.23 percent from 1996 until 2019, reaching an all time high of 23.60 percent in January of 2002 and a record low of 7.50 percent in May of 2019.
Unemployment Rate in Croatia is expected to be 7.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Croatia to stand at 8.50 in 12 months time. In the long-term, the Croatia Unemployment Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.