4 GeoFroggy

Economy Overview

high-income, fast-growing EU-member economy; high human capital; key health infrastructure investments; high government spending; key Croatian investments; high-technology and manufacturing sectors; growing financial hub

Agriculture Products

milk, maize, wheat, grapes, barley, potatoes, poultry, apples, beef, pork

Industries

ferrous metallurgy and aluminum products, lead and zinc smelting; electronics (including military electronics), trucks, automobiles, electric power equipment, wood products, textiles, chemicals, machine tools

Industrial Production Growth Rate

9.43% (2021 est.)comparison ranking: 33

Labor Force

1.036 million (2021 est.)comparison ranking: 144

Unemployment Rate

4.42% (2021 est.)4.97% (2020 est.)4.45% (2019 est.)

Youth Unemployment Rate

Total: 13.9% (2021 est.)

Male: 12.7%

Female: 15.5%

Population Below Poverty Line

12% (2018 est.)

Household Income or Consumption by Percentage Share

Lowest 10%: 3.8%

Highest 10%: 20.1% (2016)

Distribution of Family Income Gini Index

24.4 (2019 est.)comparison ranking: 174

Average Household Expenditures

On food: 14.6% of household expenditures (2018 est.)

On alcohol and tobacco: 5.1% of household expenditures (2018 est.)

Budget

Revenues: $23.735 billion (2019 est.)

Expenditures: $23.456 billion (2019 est.)

Budget Surplus

0% (of GDP) (2017 est.)comparison ranking: 45

Public Debt

0: 73.6% of GDP (2017 est.)78.6% of GDP (2016 est.)

Note: defined by the EU's Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year in the following categories of government liabilities

Commercial Bank Prime Lending Rate

Stock of Narrow Money

Stock of Broad Money

Stock of Domestic Credit

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

$2.267 billion (31 December 2021 est.)$1.311 billion (31 December 2020 est.)$1.015 billion (31 December 2019 est.)

Debt External

$48.656 billion (2019 est.)$50.004 billion (2018 est.)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

0: euros (EUR) per US dollar -

Exchange rates: 0.845 (2021 est.)0.876 (2020 est.)0.893 (2019 est.)0.847 (2018 est.)0.885 (2017 est.)

Year

Taxes and Other Revenues

  • 16.92% (of GDP) (2020 est.)comparison ranking: 121

Fiscal Year

  • calendar year

Real GDP

  •  
    $84.4 billion

GDP Purchasing Power Parity

GDP Real Growth Rate

    8.21% (2021 est.)-4.32% (2020 est.)3.45% (2019 est.)

GDP Per Capital

  •  
    $40,000 (2021 est.)$37,100 (2020 est.)$39,000 (2019 est.)
  • note
    data are in 2017 dollars

Inflation Rate

    1.92% (2021 est.)-0.05% (2020 est.)1.63% (2019 est.)

Credit Ratings

  • Fitch rating
    A (2019)
  • Moody s rating
    A3 (2020)
  • Standard & Poors rating
    AA- (2019)

Gross National Saving

GDP Composition by end Use

  • Household consumption
    52.6% (2017 est.)
  • Government consumption
    18.2% (2017 est.)
  • Investment in fixed capital
    18.4% (2017 est.)
  • Investment in inventories
    1.1% (2017 est.)
  • Exports of goods and services
    82.3% (2017 est.)
  • Imports of goods and services
    -72.6% (2017 est.)

GDP Composition by Sector of Origin

  • Agriculture
    1.8% (2017 est.)
  • Industry
    32.2% (2017 est.)
  • Services
    65.9% (2017 est.)

Inflation Rate Consumer Prices

Current Account Balance

    $2.372 billion (2021 est.)$4.058 billion (2020 est.)$3.23 billion (2019 est.)

Exports

    $51.634 billion (2021 est.) note: data are in current year dollars

Exports Partners

  • Germany
    18%
  • Italy
    11%
  • Croatia
    8%
  • Austria
    7%
  • France
    5%
  • Switzerland
    5%

Exports Commodities

    Packaged medicines, cars and vehicle parts, refined petroleum, electrical lighting/signaling equipment, electricity (2019)

Imports

    $47.665 billion (2021 est.) note: data are in current year dollars

Imports Partners

  • Germany
    14%
  • Italy
    12%
  • Austria
    8%
  • Switzerland
    8%
  • China
    7%

Imports Commodities

    Packaged medicines, cars and vehicle parts, refined petroleum, delivery trucks, electricity (2019)