Markets Actual Q1 Q2 Q3 Q4 2023
Currency 6.64 6.62 6.65 6.68 6.71 6.78
Stock Market (points) 2164.82 2145 2118 2092 2067 2016
Government Bond 10Y (%) 0.67 0.72 0.79 0.87 0.96 1.16

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) -0.20 0.5 0.2 1.5 1.5 1
GDP Annual Growth Rate (%) 15.80 8.8 7.5 5.3 4 4
Unemployment Rate (%) 7.40 8.2 6.9 6.4 7.4 6.8
Inflation Rate (%) 5.50 6.2 6.1 5.7 5.2 2.5
Inflation Rate Mom (%) 0.00 0.5 0.5 0.5 0.1 0.1
Interest Rate (%) 2.50 2.5 2.5 2.75 2.75 3
Balance of Trade (HRK Million) -4800.00 -6900 -6900 -6900 -4200 -4200
Current Account (EUR Million) 4380.30 -1490 -610 3250 -350 -420
Current Account to GDP (% of GDP) -0.30 -1.3 -1.3 -1.3 -1.3 -1
Government Debt to GDP (% of GDP) 88.70 83.5 83.5 83.5 83.5 83.5
Government Budget (% of GDP) -7.40 -2.8 -2.8 -2.8 -2.8 -2.4
Retail Sales MoM (%) -2.00 0.6 0.6 0.6 0.1 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 Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) -0.20 0.5 0.2 1.5 1.5 1
GDP Annual Growth Rate (%) 15.80 8.8 7.5 5.3 4 4
GDP (USD Billion) 55.97 70.62 70.62 70.62 70.62 75.85
GDP Constant Prices (HRK Million) 96068.00 95500 93646 103273 101160 100599
Gross Fixed Capital Formation (HRK Million) 22698.00 20773 23466 24400 23901 24539
GDP per capita (USD) 12694.38 16300 16300 16300 16500 16500
GDP per capita PPP (USD) 26465.13 28400 28400 28400 28800 28800
GDP From Agriculture (HRK Million) 3570.00 3312 2668 2898 3759 4239
GDP From Construction (HRK Million) 4817.00 4331 5154 5357 5072 5135
GDP From Manufacturing (HRK Million) 12622.00 11867 13059 13702 13291 14176
GDP From Public Administration (HRK Million) 13009.00 12679 14265 14128 13698 14541
GDP From Services (HRK Million) 27932.00 15834 15072 19792 29412 16332

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 7.40 8.2 6.9 6.4 7.4 6.8
Labour Costs (points) 87.80 106 109 106 90 109
Wages (HRK/Month) 7333.00 7316 7354 7286 7516 7704
Wages in Manufacturing (HRK/Month) 6946.00 6692 6807 6736 7120 7298
Minimum Wages (EUR/Month) 567.32 580 580 580 580 600
Population (Million) 4.06 3.99 3.99 3.99 3.95 3.95
Retirement Age Women 62.75 63 63 63 63 63.25
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 Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 5.50 6.2 6.1 5.7 5.2 2.5
Inflation Rate Mom (%) 0.00 0.5 0.5 0.5 0.1 0.1
Consumer Price Index CPI (points) 107.80 110 111 112 113 116
Core Consumer Prices (points) 104.40 107 108 108 106 106
Core Inflation Rate (%) 4.40 2.7 2.7 1.9 1.5 0.4
Producer Prices (points) 113.50 114 112 114 116 118
Producer Prices Change (%) 16.00 12.7 8.6 6.4 2.3 2
Harmonised Consumer Prices (points) 108.31 109 109 109 109 109
Food Inflation (%) 7.90 2.9 2.2 2.2 1 1
CPI Transportation (points) 109.90 110 111 112 112 112

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 2.50 2.5 2.5 2.75 2.75 3
Interbank Rate (%) 0.18 0.18 0.18 0.43 0.43 0.43
Deposit Interest Rate (%) 0.00 0 0 0.25 0.25 0.25
Cash Reserve Ratio (%) 9.00 10 10 10 10 10

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (HRK Million) -4800.00 -6900 -6900 -6900 -4200 -4200
Current Account (EUR Million) 4380.30 -1490 -610 3250 -350 -420
Current Account to GDP (% of GDP) -0.30 -1.3 -1.3 -1.3 -1.3 -1
Exports (HRK Million) 14600.00 9200 9200 9200 9200 9200
Imports (HRK Million) 19400.00 16100 16100 16100 13400 13400

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 88.70 83.5 83.5 83.5 83.5 83.5
Government Budget (% of GDP) -7.40 -2.8 -2.8 -2.8 -2.8 -2.4
Government Budget Value (HRK Million) -4409.00 -131 -131 -131 -131 -131
Government Spending (HRK Million) 20252.00 19689 20304 21771 21325 22594
Government Spending to GDP (% of GDP) 55.40 50.1 50.1 50.1 48.5 48.5

Taxes Actual Q1 Q2 Q3 Q4 2023
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 Q1 Q2 Q3 Q4 2023
Industrial Production (%) 3.70 1.6 1.3 1.3 1.1 0.5
Business Confidence (points) 7.30 8.5 -3 -3 3 3

Consumer Actual Q1 Q2 Q3 Q4 2023
Retail Sales MoM (%) -2.00 0.6 0.6 0.6 0.1 0.1
Retail Sales YoY (%) 5.20 5.8 5.8 5.8 3.4 3.4
Consumer Spending (HRK Million) 57275.00 57784 58434 61571 60311 65778
Consumer Credit (HRK Million) 77899.90 82083 82432 81954 81016 84257
Bank Lending Rate (%) 2.88 2.88 2.88 3.13 3.13 3.13
Gasoline Prices (USD/Liter) 1.67 1.59 1.51 1.43 1.36 1.29
Consumer Confidence (points) -12.20 -6 -5 -7 -6 -6


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Croatia Forecast - was last updated on Sunday, January 23, 2022.