Markets Actual Q3 Q4 Q1 Q2 2022
Currency 6.32 6.43 6.47 6.5 6.53 6.6
Stock Market (points) 1947.48 1900 1873 1846 1819 1766
Government Bond 10Y (%) 0.56 0.62 0.68 0.75 0.82 0.99

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 5.80 4.2 2.5 0.5 0.2 1.5
GDP Annual Growth Rate (%) -0.70 10.6 7.1 3.3 2.5 4
Unemployment Rate (%) 7.50 8.5 9 8.7 8.6 8.3
Inflation Rate (%) 2.00 1.7 1.8 1.2 1 1.6
Inflation Rate Mom (%) 0.00 0.6 -0.2 0.5 0.5 0.1
Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 2.75
Balance of Trade (HRK Million) -5355.03 -5800 -4210 -6900 -6900 -4200
Current Account (EUR Million) -1362.50 -300 -800 -770 -770 -600
Current Account to GDP (% of GDP) 2.50 -2.5 -2.5 -1.3 -1.3 -1.3
Government Debt to GDP (% of GDP) 88.70 86.1 86.1 83.5 83.5 83.5
Government Budget (% of GDP) -7.40 -4.1 -4.1 -2.8 -2.8 -2.8
Retail Sales MoM (%) -3.80 0.9 0.3 0.6 0.6 0.1
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 30.00 36 36 36 36 36

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 5.80 4.2 2.5 0.5 0.2 1.5
GDP Annual Growth Rate (%) -0.70 10.6 7.1 3.3 2.5 4
GDP (USD Billion) 55.97 65.1 65.1 70.62 70.62 70.62
GDP Constant Prices (HRK Million) 86072.00 93045 95500 93923 88912 97680
Gross Fixed Capital Formation (HRK Million) 21568.00 21558 20773 22911 22280 23827
GDP per capita (USD) 15204.35 16300 16300 16300 16300 16500
GDP per capita PPP (USD) 26465.13 28400 28400 28400 28400 28800
GDP From Agriculture (HRK Million) 2440.00 2865 3312 3931 2521 4088
GDP From Construction (HRK Million) 4894.00 4992 4331 4956 5056 5154
GDP From Manufacturing (HRK Million) 11842.00 12490 11867 13022 12233 13543
GDP From Public Administration (HRK Million) 12146.00 13500 12679 12590 12547 13093
GDP From Services (HRK Million) 13262.00 14447 15834 14578 13700 15162

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 7.50 8.5 9 8.7 8.6 8.3
Labour Costs (points) 106.40 87.4 89.58 89.58 89.58 89.58
Wages (HRK/Month) 7104.00 6943 7174 7316 7282 7353
Wages in Manufacturing (HRK/Month) 6475.00 6451 6551 6692 6637 6715
Minimum Wages (EUR/Month) 567.32 563 563 580 580 580
Population (Million) 4.06 3.99 3.99 3.99 3.99 3.95
Retirement Age Women 62.75 62.75 62.75 63 63 63
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 6.70 2.9 2.5 2.5 2.5 2.5

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 2.00 1.7 1.8 1.2 1 1.6
Inflation Rate Mom (%) 0.00 0.6 -0.2 0.5 0.5 0.1
Consumer Price Index CPI (points) 104.60 104 104 105 106 106
Core Consumer Prices (points) 105.40 106 106 106 107 107
Core Inflation Rate (%) 0.40 1.8 2 1.7 1.7 1.5
Producer Prices (points) 103.00 102 103 107 104 105
Producer Prices Change (%) 7.20 6.2 5.4 5.4 1.3 1.5
CPI Transportation (points) 105.10 98.95 100 105 106 102
Food Inflation (%) 0.00 1.5 2 1.8 1.8 2
Harmonised Consumer Prices (points) 105.40 107 109 109 109 109

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 2.75
Interbank Rate (%) 0.18 0.18 0.18 0.18 0.18 0.18
Deposit Interest Rate (%) 0.00 0 1 0 0 0.25
Cash Reserve Ratio (%) 9.00 10 10 10 10 10

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (HRK Million) -5355.03 -5800 -4210 -6900 -6900 -4200
Current Account (EUR Million) -1362.50 -300 -800 -770 -770 -600
Current Account to GDP (% of GDP) 2.50 -2.5 -2.5 -1.3 -1.3 -1.3
Imports (HRK Million) 16633.70 14800 13200 16100 16100 13400
Exports (HRK Million) 11291.91 9000 8800 9200 9200 9200

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 88.70 86.1 86.1 83.5 83.5 83.5
Government Budget (% of GDP) -7.40 -4.1 -4.1 -2.8 -2.8 -2.8
Government Budget Value (HRK Million) -7749.00 -131 -131 -131 -131 -131
Government Spending (HRK Million) 18662.00 21884 19689 21094 19278 21938
Government Spending to GDP (% of GDP) 55.40 50.1 50.1 50.1 50.1 48.5

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 30.00 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 37.2 37.2
Social Security Rate For Companies (%) 16.50 17.2 17.2 17.2 17.2 17.2
Social Security Rate For Employees (%) 20.00 20 20 20 20 20

Business Actual Q3 Q4 Q1 Q2 2022
Industrial Production (%) 8.30 1.5 2.1 1.6 1.3 1.1
Business Confidence (points) 8.60 -4 -3 -3 -3 3

Consumer Actual Q3 Q4 Q1 Q2 2022
Retail Sales MoM (%) -3.80 0.9 0.3 0.6 0.6 0.1
Retail Sales YoY (%) 10.90 10 5.8 5.8 5.8 3.4
Consumer Spending (HRK Million) 53708.00 54375 57784 61413 55480 63870
Consumer Credit (HRK Million) 76051.30 82654 69896 80279 77933 83491
Bank Lending Rate (%) 2.82 2.85 4.14 2.85 2.85 3.1
Consumer Confidence (points) -8.70 -2 -1.5 -6 -5 -4.8
Gasoline Prices (USD/Liter) 1.70 1.62 1.53 1.46 1.38 1.31


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.