Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Croatia economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Croatia best banks and safest banks are also available.
Basic Information
Government Type: Parliamentary democracy
Capital City: Zagreb
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank | Croatian National Bank |
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Currency | Kuna (HRK) |
International Reserves |
USD 23.25 billion (2020) World Bank, last updated 12/16/2021 |
Gross Domestic Product – GDP |
USD 63.40 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP (Purchasing Power Parity) |
USD 124.78 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP Data
Real GDP growth |
2017 3.4% 2018 2.8% 2019 2.9% 2020* –8% 2021* 6.3% *Estimate |
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GDP per capita – current prices |
USD 15,807.70 (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP per capita – PPP |
USD 31,112.00 (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP (PPP) – share of world total |
0.09% (2021 estimate) |
GDP – composition by sector |
agriculture: 3.3% industry: 21.5% services: 58.9% (2020 estimate) |
Gross domestic expenditure on R&D; (% of GDP) | N/A |
Inflation |
2017 1.1% 2018 1.5% 2019 0.8% 2020* 0.1% 2021* 2% *Estimate |
Croatia
Inflation & Debt
Inflation |
2017 1.1% 2018 1.5% 2019 0.8% 2020* 0.1% 2021* 2% *Estimate |
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Government Bond Ratings |
Standard & Poor’s: BBB– Moody’s: Ba1 Standard & Poor’s / Moody’s (January 2022) |
Unemployment rate |
2017 12.4% 2018 9.9% 2019 7.8% 2020* 9% 2021* 8.4% *Estimate |
Household saving rates | N/A |
Public debt (General government gross debt as a % of GDP) |
2017 77.5% 2018 74.3% 2019 72.8% 2020* 88.7% 2021* 87% *Estimate |
Public deficit (General government net lending/borrowing as a % of GDP) |
2017 3.2% 2019 2.3% 2019 2.3% 2020* –5.7% 2021* –2.6% *Estimate |
Market value of publicly traded shares | USD 22.2 billion (2020) World Bank / Market capitalization |
Largest Companies | N/A |
Import/Export
Exports as percent of GDP (Exports of goods and services) |
42% (2020) World Bank – World Development Indicators (updated Feb 2022 |
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Shares in world total merchandising export | 0.1% (2020) |
Shares in world total commercial services export |
0.2% (2020) |
Total exports |
USD 23.5 billion (2020 estimate) |
Export commodities | Refined petroleum, packaged medicines, cars, medical cultures/vaccines, lumber (2019) |
Total imports |
USD 27.5 billion (2020 estimate) |
Import commodities |
Crude petroleum, cars, refined petroleum, packaged medicines, electricity (2019) |
Exports – major partners |
Italy 13%, Germany 13%, Slovenia 10%, Bosnia and Herzegovina 9%, Austria 6%, Serbia 5% (2019) |
Imports – major partners | Italy 14%, Germany 14%, Slovenia 11%, Hungary 7%, Austria 6% (2019) |
Competitiveness & Trade
Current account balance |
USD -0.06 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
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Current account balance by percentage of GDP |
-0.1% (2021 estimate) IMF – World Economic Outlook, October 2021 |
FDI inflows |
2018 USD 1,808 million 2019 USD 2,037 million 2020 USD 1,159 million |
FDI Outflows |
2018 USD 1,808 million 2019 USD 2,037 million 2020 USD 1,159 million |
Value of cross-border M&A, by country of purchaser | N/A |
Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
Best countries for doing business |
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Overall ranking: 51 out of 190 countries Subcategories: Starting a Business: 114 out of 190 countries Dealing with Construction Permits: 150 out of 190 countries Getting Electricity: 37 out of 190 countries Registering Property: 38 out of 190 countries Getting Credit: 104 out of 190 countries Protecting Minority Investors: 37 out of 190 countries Paying Taxes: 49 out of 190 countries Trading across Borders: 1 out of 190 countries Enforcing Contracts: 27 out of 190 countries Resolving Insolvency: 63 out of 190 countries World Bank – Doing Business 2020 |
Global competitiveness ranking |
44 out of 141 countries (2019) |
Index of Economic Freedom |
Ranking: 45 / Score: 67.6 (Moderately Free) The Heritage Foundation – 2022 Index of Economic Freedom |
Population & Geographic Data
Total Area |
28,748 sq km |
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Total Population |
1990 4.78 million 2000 4.47 million 2010 4.3million 2015 4.2 million 2020 4.05 million |
Urban population as % of total population |
1960 30.2% 1980 47.3% 2000 53.4 2020 57.6% |
Population median age |
43.9 years (2022 est.) |
Population growth rate | -0.47% (2022 est.) |
Life expectancy |
77.2 years (2022 est. CIA World Factbook / Life expectancy |
% of population living on less than $3.10 a day | 0.6% (last available estimate, 2019) |
Inequality of wealth distribution (Gini index) | 28.9 (last available estimate, 2019) |
Freedom House rating |
Total score: 85/100 Status: Free Political Rights: 36/40 Civil Liberties: 49/60 (2022) |
Total telephone subscribers as % of population |
Fixed: 31.7% Mobile: 106.6% (2020) (fixed-telephone subscribers and mobile-cellular subscribers) |
Internet users as % of total population | 78.3% (2020) |
Language & Religon
Languages | Croatian (official) 95.6%, Serbian 1.2%, other 3% (including Hungarian, Czech, Slovak, and Albanian), unspecified 0.2% (2011 est.) |
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Literacy |
Total population: 99.3% Male: 99.7% Female: 98.9% (2015) Definition: age 15 and over can read and write |
Religions | Roman Catholic 86.3%, Orthodox 4.4%, Muslim 1.5%, other 1.5%, unspecified 2.5%, not religious or atheist 3.8% (2011 est.) |
World Rankings
Population | 4.05 million |
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Mercer Cost of living index | N/A |
C02 Emissions per capita |
4.1 metric tons per capita (2018) |