Markets Actual Q2 Q3 Q4 Q1 2022
Currency 6.19 6.22 6.24 6.27 6.29 6.34
Stock Market (points) 1935.53 1908 1885 1863 1841 1797
Government Bond 10Y (%) 0.61 0.63 0.65 0.68 0.71 0.76

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 2.70 5.5 7.8 0.5 0.2 0.3
GDP Annual Growth Rate (%) -7.00 12 7.8 6 5.3 1.8
Unemployment Rate (%) 9.30 12 12 11 10.6 9
Inflation Rate (%) 1.20 1.9 1.7 1.8 0.6 1.6
Inflation Rate Mom (%) 1.10 0.9 0.6 -0.2 0.5 0.1
Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 2.75
Balance of Trade (HRK Million) -6088.33 -5800 -5800 -4210 -6900 -4200
Current Account (EUR Million) -374.90 -300 -300 -800 -770 -600
Current Account to GDP (%) 2.50 -2.5 -2.5 -2.5 -1.3 -1.3
Government Debt to GDP (%) 88.70 86.1 86.1 86.1 83.5 83.5
Government Budget (% of GDP) -7.40 -4.1 -4.1 -4.1 -2.8 -2.8
Retail Sales MoM (%) -2.40 0.9 0.9 0.3 0.6 0.1
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 36.00 36 36 36 36 36

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 2.70 5.5 7.8 0.5 0.2 0.3
GDP Annual Growth Rate (%) -7.00 12 7.8 6 5.3 1.8
GDP (USD Billion) 60.42 65.1 65.1 65.1 70.62 70.62
GDP Constant Prices (HRK Million) 87892.00 80880 91642 95500 93166 94842
Gross Fixed Capital Formation (HRK Million) 21392.00 19379 21482 20773 22676 23084
GDP per capita (USD) 16454.50 16300 16300 16300 16300 16500
GDP per capita PPP (USD) 28508.50 28400 28400 28400 28400 28800
GDP From Agriculture (HRK Million) 3670.00 2167 2855 3312 3890 3960
GDP From Construction (HRK Million) 4627.00 4230 4974 4331 4905 4993
GDP From Manufacturing (HRK Million) 12159.00 10697 12445 11867 12889 13121
GDP From Public Administration (HRK Million) 11755.00 11194 13452 12679 12460 12685
GDP From Services (HRK Million) 13612.00 13043 14395 15834 14429 14688

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 9.30 12 12 11 10.6 9
Labour Costs (points) 103.40 87.4 93.64 89.58 89.58 89.58
Wages (HRK/Month) 7038.00 6650 6749 6816 6816 6816
Wages in Manufacturing (HRK/Month) 6647.00 6049 6117 6200 6200 6200
Minimum Wages (EUR/Month) 562.77 563 563 563 580 580
Population (Million) 4.06 3.99 3.99 3.99 3.99 3.95
Retirement Age Women 62.75 62.75 62.75 62.75 63 63
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 2.70 2.9 2.9 2.5 2.5 2.5

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 1.20 1.9 1.7 1.8 0.6 1.6
Inflation Rate Mom (%) 1.10 0.9 0.6 -0.2 0.5 0.1
Consumer Price Index CPI (points) 103.70 104 104 104 104 106
Core Consumer Prices (points) 104.30 105 106 104 107 109
Core Inflation Rate (%) 0.50 1.5 1.8 2 1.7 1.5
Producer Prices (points) 101.60 102 102 103 104 105
Producer Prices Change (%) 5.80 6 6.2 5.4 2.2 1.5
CPI Transportation (points) 103.50 98.33 98.95 100 104 102
Food Inflation (%) -1.50 -1.2 1.5 2 1.8 2
Harmonised Consumer Prices (points) 104.34 107 107 109 109 109

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 2.75
Interbank Rate (%) 0.18 0.18 0.18 1.25 0.18 0.43
Deposit Interest Rate (%) 0.00 0 0 1 0 0.25
Cash Reserve Ratio (%) 9.00 10 10 10 10 10

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (HRK Million) -6088.33 -5800 -5800 -4210 -6900 -4200
Current Account (EUR Million) -374.90 -300 -300 -800 -770 -600
Current Account to GDP (%) 2.50 -2.5 -2.5 -2.5 -1.3 -1.3
Imports (HRK Million) 18036.86 14800 14800 13200 16100 13400
Exports (HRK Million) 11948.53 9000 9000 8800 9200 9200

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 88.70 86.1 86.1 86.1 83.5 83.5
Government Budget (% of GDP) -7.40 -4.1 -4.1 -4.1 -2.8 -2.8
Government Budget Value (HRK Million) -3875.00 -131 -131 -131 -131 -131
Government Spending (HRK Million) 19386.00 17250 21525 19689 20549 20919
Government Spending to GDP (%) 47.10 50.1 50.1 50.1 50.1 48.5

Taxes Actual Q2 Q3 Q4 Q1 2022
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 (%) 36.50 37.2 36.5 37.2 37.2 37.2
Social Security Rate For Companies (%) 16.50 17.2 16.5 17.2 17.2 17.2
Social Security Rate For Employees (%) 20.00 20 20 20 20 20

Business Actual Q2 Q3 Q4 Q1 2022
Industrial Production (%) 9.90 3.5 1.5 2.1 1.6 1.1
Business Confidence (points) 5.20 -5 -4 -3 -3 3

Consumer Actual Q2 Q3 Q4 Q1 2022
Retail Sales MoM (%) -2.40 0.9 0.9 0.3 0.6 0.1
Retail Sales YoY (%) 14.30 5.2 5.2 5.8 5.8 3.4
Consumer Spending (HRK Million) 57342.00 50691 54181 57784 60783 61877
Consumer Credit (HRK Million) 75443.70 69248 82360 69896 79455 80885
Bank Lending Rate (%) 2.85 2.85 2.85 4.14 2.85 3.1
Consumer Confidence (points) -10.50 -11 -12 -13 -13 -4.8
Gasoline Prices (USD/Liter) 1.64 1.45 1.38 1.29 1.25 1.18


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.