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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 10.906 US Dollar per capita. In contrast, the GDP in Croatia reached 14.134 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 49.

Inflation in Croatia was in 2020 at around 0.15%. For the the EU, the average of the same was year at 0.50%. In the United States, it was most recently 1.23%.

Compared with the USA, prices for daily consumer goods are around 41.9% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Croatia

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 unemployment rate rose from 6.6 to 7.2 percent. The country's gross debt increased by 13.2%. The inflation rate has fallen from 0.8 percent previously to 0.2 percent by the end of 2020.

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Croatia
Total
Croatia
per capita
EU
Total
EU
per capita
GDP57.20 bn USD14,134.16 USD15,292.10 tn USD29,692.44 USD
Gross national product58.80 bn USD14,528.58 USD15,330.18 tn USD29,766.38 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 2020


 Croatia
Total
Croatia
per capita
EU
Total
EU
per capita
Gross debt49.95 bn USD12,340.88 USD13,783.28 tn USD26,762.78 USD
Budget deficit4.22 bn USD1,042.66 USD1,053.73 bn USD2,046.02 USD


Im- and Exports 2020

 Croatia
Total
Croatia
per capita
EU
Total
EU
per capita
Imports27.59 bn USD6,818.11 USD7,314.16 bn USD14,201.79 USD
Exports23.66 bn USD5,845.16 USD7,834.94 bn USD15,212.97 USD


Development of imports and exports in billion US dollars 1993 - 2020

Exports
Imports



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