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 | |
---|---|---|---|---|
GDP | 68.96 bn USD | 17,685.33 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 68.72 bn USD | 17,626.11 USD | 16.895 tn USD | 32,835.37 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 debt | 54.07 bn USD | 13,868.26 USD | 15.068 tn USD | 29,285.70 USD |
Budget deficit | 1.95 bn USD | 501.17 USD | 799.24 bn USD | 1,553.35 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
Imports and Exports 2021
Croatia Total | Croatia per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 36.15 bn USD | 9,272.13 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 35.48 bn USD | 9,099.01 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1993 - 2021
Exports
Imports