Markets Actual Q1 Q2 Q3 Q4 2020
Currency 6.53 6.54 6.58 6.62 6.66 6.74
Stock Market (points) 1759.33 1720 1709 1698 1688 1667
Government Bond 10Y (%) 2.14 2.13 2.17 2.2 2.24 2.32
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 0.6 0.7 0.8 0.6 0.5
GDP Annual Growth Rate (%) 2.80 2.9 2.9 2.9 2.7 2.6
Unemployment Rate (%) 9.40 9.3 7.1 6.9 7.8 8.3
Inflation Rate (%) 0.80 2.9 3.1 2.8 2.5 2
Inflation Rate Mom (%) -0.80 0.1 0.3 0.4 0.6 0.5
Interest Rate (%) 2.50 3 3 3 3 3.5
Balance of Trade (HRK Million) -5510.57 -5770 -5450 -5549 -3950 -4110
Current Account to GDP (%) 3.90 2.1 2.1 2.1 2.1 1.9
Government Debt to GDP (%) 78.00 78.6 78.6 78.6 78.6 75.4
Government Budget (% of GDP) 0.80 0.2 0.2 0.2 0.2 0.4
Retail Sales MoM (%) 2.10 0.35 0.32 0.32 1 1.1
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 36.00 36 36 36 36 36
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 0.6 0.7 0.8 0.6 0.5
GDP Annual Growth Rate (%) 2.80 2.9 2.9 2.9 2.7 2.6
GDP (USD Billion) 54.85 57 57 57 57 58
GDP Constant Prices (HRK Million) 99110.00 80363 90649 100547 101786 104432
Gross Fixed Capital Formation (HRK Million) 20082.00 17847 20562 20373 20624 21160
GDP per capita (USD) 15219.88 16900 16900 16900 16900 17800
GDP per capita PPP (USD) 22669.80 23750 23750 23750 23750 24000
GDP From Agriculture (HRK Million) 2664.00 1955 2337 2703 2736 2807
GDP From Construction (HRK Million) 4013.00 3793 4104 4129 4121 4229
GDP From Manufacturing (HRK Million) 10582.00 10234 11213 10735 10868 11150
GDP From Public Administration (HRK Million) 11723.00 11877 12070 12063 12040 12353
GDP From Services (HRK Million) 22169.00 12271 16867 22490 22768 23360
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 9.40 9.3 7.1 6.9 7.8 8.3
Wages (HRK/Month) 6281.00 6320 6213 6213 6400 6600
Minimum Wages (EUR/Month) 465.72 495 495 495 495 525
Wages in Manufacturing (HRK/Month) 5786.00 6000 5725 5725 6150 6500
Population (Million) 4.11 4.08 4.08 4.08 4.08 4.05
Retirement Age Women 62.00 62.25 62 62 62.25 62.5
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.80 2.9 3.1 2.8 2.5 2
Inflation Rate Mom (%) -0.80 0.1 0.3 0.4 0.6 0.5
Consumer Price Index CPI (Index Points) 101.50 104 105 105 105 107
Core Consumer Prices (Index Points) 103.10 102 103 101 104 104
Core Inflation Rate (%) 0.80 0.6 0.5 0.5 0.5 0.5
Producer Prices (Index Points) 99.50 101 102 103 103 105
Producer Prices Change (%) 0.20 2.5 2.4 2.3 2.4 1.9
Harmonised Consumer Prices (Index Points) 101.96 104 106 106 105 107
Food Inflation (%) 0.50 1.3 1.5 1.4 1.3 1.3
CPI Transportation (Index Points) 99.90 102 108 108 106 108
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.50 3 3 3 3 3.5
Interbank Rate (%) 0.25 0.75 0.75 0.75 0.75 0.75
Deposit Interest Rate (%) 0.00 0.5 0.5 0.5 0.5 0.5
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (HRK Million) -5510.57 -5770 -5450 -5549 -3950 -4110
Current Account to GDP (%) 3.90 2.1 2.1 2.1 2.1 1.9
Imports (HRK Million) 15306.70 15720 14500 14574 13200 13700
Exports (HRK Million) 97961.50 9950 9050 9025 9250 9590
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 78.00 78.6 78.6 78.6 78.6 75.4
Government Budget (% of GDP) 0.80 0.2 0.2 0.2 0.2 0.4
Government Budget Value (HRK Million) -774.80 -124 -131 -132 -132 -131
Government Spending (HRK Million) 17778.00 17261 18696 18294 18258 18733
Government Spending to GDP (%) 45.30 45.3 45.3 45.3 45.3 45.3
Taxes Actual Q1 Q2 Q3 Q4 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 (%) 37.20 37.2 37.2 37.2 37.2 37.2
Social Security Rate For Companies (%) 17.20 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 2020
Industrial Production (%) -0.80 -1.43 -1.18 -1.2 2.5 1.8
Business Confidence (Index Points) 11.60 11.5 11.8 10.9 9.8 11
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales MoM (%) 2.10 0.35 0.32 0.32 1 1.1
Retail Sales YoY (%) 5.80 4 4.2 3.28 3.8 3.2
Consumer Spending (HRK Million) 48195.00 47986 51238 48894 49496 50783
Bank Lending Rate (%) 3.28 3.96 3.96 3.96 3.96 3.96
Gasoline Prices (USD/Liter) 1.42 1.34 1.31 1.27 1.24 1.25
Consumer Confidence (Index Points) -8.60 -13 -13.8 -14.3 -15 -17


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.