Markets Actual Q4 Q1 Q2 Q3 2022
Currency 6.44 6.5 6.53 6.56 6.59 6.66
Stock Market (points) 2048.29 2019 1991 1963 1936 1882
Government Bond 10Y (%) 0.49 0.44 0.46 0.48 0.5 0.55

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -0.20 2.5 0.5 0.2 1.5 1.5
GDP Annual Growth Rate (%) 16.10 10.3 8.8 7.5 5.3 4
Unemployment Rate (%) 7.30 8.3 8.2 6.9 6.4 7.4
Inflation Rate (%) 3.30 3 2 1.6 1.1 0.7
Inflation Rate Mom (%) 1.00 -0.2 0.5 0.5 0.5 0.1
Interest Rate (%) 2.50 2.5 2.5 2.5 2.75 2.75
Balance of Trade (HRK Million) -6600.00 -4400 -6900 -6900 -6900 -4200
Current Account (EUR Million) -802.30 -800 -770 -770 -770 -600
Current Account to GDP (% of GDP) -0.30 -2.5 -1.3 -1.3 -1.3 -1.3
Government Debt to GDP (% of GDP) 88.70 86.1 83.5 83.5 83.5 83.5
Government Budget (% of GDP) -7.40 -4.1 -2.8 -2.8 -2.8 -2.8
Retail Sales MoM (%) 1.80 0.3 0.6 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 Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -0.20 2.5 0.5 0.2 1.5 1.5
GDP Annual Growth Rate (%) 16.10 10.3 8.8 7.5 5.3 4
GDP (USD Billion) 55.97 65.1 70.62 70.62 70.62 70.62
GDP Constant Prices (HRK Million) 96068.00 95500 96730 93646 103273 100599
Gross Fixed Capital Formation (HRK Million) 22698.00 20773 23595 23466 24400 24539
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) 2680.00 3312 4048 2655 2881 4210
GDP From Construction (HRK Million) 5150.00 4331 5104 5325 5536 5308
GDP From Manufacturing (HRK Million) 12588.00 11867 13411 12884 13532 13948
GDP From Public Administration (HRK Million) 12179.00 12679 12966 13215 13092 13484
GDP From Services (HRK Million) 17674.00 15834 15014 14429 19000 15615

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 7.30 8.3 8.2 6.9 6.4 7.4
Labour Costs (points) 103.90 89.58 106 109 106 109
Wages (HRK/Month) 7046.00 6816 7174 7316 7354 7353
Wages in Manufacturing (HRK/Month) 6524.00 6200 6551 6692 6807 6715
Minimum Wages (EUR/Month) 567.32 563 580 580 580 580
Population (Million) 4.06 3.99 3.99 3.99 3.99 3.95
Retirement Age Women 62.75 62.75 63 63 63 63
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 4.80 2.5 2.5 2.5 2.5 2.5

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 3.30 3 2 1.6 1.1 0.7
Inflation Rate Mom (%) 1.00 -0.2 0.5 0.5 0.5 0.1
Consumer Price Index CPI (points) 106.00 105 106 106 107 106
Core Consumer Prices (points) 105.40 106 107 108 107 108
Core Inflation Rate (%) 2.10 2.8 2.7 2.7 1.9 1.5
Producer Prices (points) 107.40 107 107 108 110 109
Producer Prices Change (%) 12.10 9.2 5.7 4.6 2.4 2.3
CPI Transportation (points) 107.80 108 108 109 109 109
Food Inflation (%) 2.90 3.5 2.9 2.2 1.8 1
Harmonised Consumer Prices (points) 106.80 109 109 109 109 109

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 2.50 2.5 2.5 2.5 2.75 2.75
Interbank Rate (%) 0.18 0.18 0.18 0.18 0.43 0.43
Deposit Interest Rate (%) 0.00 0 0 0 0.25 0.25
Cash Reserve Ratio (%) 9.00 10 10 10 10 10

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (HRK Million) -6600.00 -4400 -6900 -6900 -6900 -4200
Current Account (EUR Million) -802.30 -800 -770 -770 -770 -600
Current Account to GDP (% of GDP) -0.30 -2.5 -1.3 -1.3 -1.3 -1.3
Imports (HRK Million) 16400.00 13200 16100 16100 16100 13400
Exports (HRK Million) 9800.00 8800 9200 9200 9200 9200

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 88.70 86.1 83.5 83.5 83.5 83.5
Government Budget (% of GDP) -7.40 -4.1 -2.8 -2.8 -2.8 -2.8
Government Budget Value (HRK Million) -4409.00 -131 -131 -131 -131 -131
Government Spending (HRK Million) 20252.00 19689 21725 20304 21771 22594
Government Spending to GDP (% of GDP) 55.40 50.1 50.1 50.1 50.1 48.5

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2022
Industrial Production (%) 5.20 2.1 1.6 1.3 1.3 1.1
Business Confidence (points) 11.10 -3 -3 -3 -3 3

Consumer Actual Q4 Q1 Q2 Q3 2022
Retail Sales MoM (%) 1.80 0.3 0.6 0.6 0.6 0.1
Retail Sales YoY (%) 18.30 5.8 5.8 5.8 5.8 3.4
Consumer Spending (HRK Million) 57275.00 57784 63248 58434 61571 65778
Consumer Credit (HRK Million) 77502.60 82678 82083 82432 81610 85985
Bank Lending Rate (%) 3.02 3.02 3.02 3.02 3.27 3.27
Consumer Confidence (points) -11.00 -8.7 -6 -5 -7 -6
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.