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Indicators of economy in Croatia

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,232 USD per capita. GDP in Croatia, on the other hand, reached USD 17,685 per capita, or 68.96 billion USD for the whole country. Croatia is therefore currently ranked 75 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Croatia ranks 47th in the list of the richest countries.

Inflation in Croatia in 2021 was around 2.55%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

The index for perceived corruption in the public sector is 50, which is below average by global standards.


Back to overview: Croatia

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic were not insignificant in Croatia 2020. Overall, gross domestic product in 2020 fell from 62.33 billion US dollars to 57.47 billion US dollars. With a drop of 7.8 percent, the economy in Croatia suffered more significant losses than other countries. The tourism sector alone slumped by around 53 percent. The unemployment rate rose from 6.6 to 7.5 percent. The country's gross debt increased by 13.3 percent. The inflation rate fell from 0.8 percent previously to 0.2 percent by the end of 2020.

In 2021, there was already a recovery and the gross domestic product increased to 68.96 billion US dollars (=110.6% of 2019).

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Croatia
Total
Croatia
per capita
EU
Total
EU
per capita
GDP68.96 bn USD17,685.33 USD17.177 tn USD33,384.92 USD
Gross national product68.72 bn USD17,626.11 USD16.895 tn USD32,835.37 USD


In the Global Innovation Index, Croatia ranked 42nd in 2022 with 35.6 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points.

Development of gross domestic product in billions of USD 1995 - 2021


Household debt and deficits 2021


 Croatia
Total
Croatia
per capita
EU
Total
EU
per capita
Gross debt54.07 bn USD13,868.26 USD15.068 tn USD29,285.70 USD
Budget deficit1.95 bn USD501.17 USD799.24 bn USD1,553.35 USD


Imports and Exports 2021

 Croatia
Total
Croatia
per capita
EU
Total
EU
per capita
Imports36.15 bn USD9,272.13 USD8.916 tn USD17,329.02 USD
Exports35.48 bn USD9,099.01 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1993 - 2021

Exports
Imports



Croatia: AirportsLargest airports and airlines in CroatiaThe 7 biggest airports and in Croatia with further information and data with further information on airlines and destinations
Croatia: Public HolidaysPublic holidays in Croatia 2023-2027Statutory and inofficial holidays in Croatia for 2023 to 2027
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.