Indicators of economy in Croatia
The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.912 US Dollar per capita. In contrast, the GDP in Croatia reached 14.132 US dollars per inhabitant, or 57.20 bn US Dollar in the whole country. Croatia is therefore currently ranked 80 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Croatia is in the list of the world's richest countries in place 51.Inflation in Croatia was in 2021 at around 2.55%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 38.9% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
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Impact of the Covid-19 pandemic in 2020
The consequences of the Covid pandemic were not insignificant in Croatia 2020. Overall, gross domestic product in 2020 fell from 62.25 billion US Dollar auf 57.20 billion US Dollar. With a drop of 8.1 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%. The inflation rate has fallen from 0.8 percent previously to 0.2 percent by the end of 2020.Unemployment rates in percent 1991 - 2021
Economic performance 2020
Croatia Total | Croatia per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 57.20 bn USD | 14,132.49 USD | 15,291.93 tn USD | 29,710.69 USD |
Gross national product | 58.80 bn USD | 14,526.86 USD | 15,330.84 tn USD | 29,786.28 USD |
Croatia ranked 45th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea.
Development of the Gross domestic product in billion US Dollar 1995 - 2020
Household debt and deficits 2021
Croatia Total | Croatia per capita | EU Total | EU per capita | |
---|---|---|---|---|
Gross debt | 54.07 bn USD | 13,358.85 USD | 15,068.26 tn USD | 29,276.12 USD |
Budget deficit | 1.95 bn USD | 482.76 USD | 799.24 bn USD | 1,552.84 USD |
› Debt budget development
› Development of inflation
› Corruption in Croatia
› Cost of living in a global comparison
› Development of inflation
› Corruption in Croatia
› Cost of living in a global comparison
Im- and Exports 2020
Croatia Total | Croatia per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 27.59 bn USD | 6,817.30 USD | 7,340.01 bn USD | 14,260.90 USD |
Exports | 23.66 bn USD | 5,844.47 USD | 7,939.04 bn USD | 15,424.75 USD |
Development of imports and exports in billion US dollars 1993 - 2020
Exports
Imports