Markets Actual Q1 Q2 Q3 Q4 2022
Currency 6.35 6.38 6.4 6.43 6.45 6.5
Stock Market (points) 1829.77 1824 1802 1781 1760 1718
Government Bond 10Y (%) 0.65 0.67 0.7 0.73 0.75 0.81

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 2.70 0.4 5.5 7.8 0.5 0.3
GDP Annual Growth Rate (%) -7.00 -4 12 7.8 2.8 2.8
Unemployment Rate (%) 9.80 13.5 12 12 11 9
Inflation Rate (%) -0.30 0.3 0.5 0.7 1 1.6
Inflation Rate Mom (%) 0.10 0.5 0.1 0.1 -0.2 0.1
Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 2.5
Balance of Trade (HRK Million) -5200.00 -4550 -6400 -5800 -4210 -4210
Current Account (EUR Million) 1926.60 -980 -300 -300 -800 -600
Current Account to GDP (%) 2.50 0.3 0.3 0.3 0.3 0.6
Government Debt to GDP (%) 73.20 83.7 83.7 83.7 83.7 80.5
Government Budget (% of GDP) 0.40 -2.8 -2.8 -2.8 -2.8 -0.1
Retail Sales MoM (%) -0.80 1.2 0.9 0.9 0.3 0.1
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 36.00 36 36 36 36 36

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 2.70 0.4 5.5 7.8 0.5 0.3
GDP Annual Growth Rate (%) -7.00 -4 12 7.8 2.8 2.8
GDP (USD Billion) 60.42 58.5 58.5 58.5 58.5 59.3
GDP Constant Prices (HRK Million) 87892.00 89354 82601 91642 95500 91855
Gross Fixed Capital Formation (HRK Million) 21392.00 19404 19791 21482 20773 19947
GDP per capita (USD) 16454.50 16300 16300 16300 16300 16500
GDP per capita PPP (USD) 28508.50 28400 28400 28400 28400 28800
GDP From Agriculture (HRK Million) 3670.00 3129 2213 2855 3312 3217
GDP From Construction (HRK Million) 4627.00 4025 4320 4974 4331 4137
GDP From Manufacturing (HRK Million) 12159.00 11387 10925 12445 11867 11706
GDP From Public Administration (HRK Million) 11755.00 11057 11433 13452 12679 11367
GDP From Services (HRK Million) 13612.00 15728 13320 14395 15834 16168

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 9.80 13.5 12 12 11 9
Labour Costs (points) 103.40 87.4 93.64 103 89.58 89.58
Wages (HRK/Month) 6999.00 6650 6749 6908 6816 6816
Wages in Manufacturing (HRK/Month) 6391.00 6049 6117 6316 6200 6200
Minimum Wages (EUR/Month) 562.77 563 563 563 563 580
Population (Million) 4.08 3.99 3.99 3.99 3.99 3.95
Retirement Age Women 62.00 62.5 62.5 62.5 62.5 62.5
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 5.00 2.9 2.9 2.9 2.5 2.5

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.30 0.3 0.5 0.7 1 1.6
Inflation Rate Mom (%) 0.10 0.5 0.1 0.1 -0.2 0.1
Consumer Price Index CPI (points) 102.30 103 103 103 103 105
Core Consumer Prices (points) 103.60 105 106 106 107 109
Core Inflation Rate (%) -0.10 1 1.5 1.8 2 1.5
Producer Prices (points) 98.80 100 98.41 98.3 100 102
Producer Prices Change (%) -2.20 2 2.3 2.5 2.2 1.5
CPI Transportation (points) 99.80 98.19 96.98 97.98 99.69 101
Food Inflation (%) -1.10 1.2 1.2 1.2 2 2
Harmonised Consumer Prices (points) 103.08 107 107 107 109 109

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 2.5
Interbank Rate (%) 0.18 0.18 0.18 0.18 1.25 0.18
Deposit Interest Rate (%) 0.00 0 0 0 1 0
Cash Reserve Ratio (%) 9.00 10 10 10 10 10

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (HRK Million) -5200.00 -4550 -6400 -5800 -4210 -4210
Current Account (EUR Million) 1926.60 -980 -300 -300 -800 -600
Current Account to GDP (%) 2.50 0.3 0.3 0.3 0.3 0.6
Imports (HRK Million) 14111.60 15200 14800 14800 13200 13200
Exports (HRK Million) 10455.97 8800 9000 9000 8800 9000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 73.20 83.7 83.7 83.7 83.7 80.5
Government Budget (% of GDP) 0.40 -2.8 -2.8 -2.8 -2.8 -0.1
Government Budget Value (HRK Million) -3875.00 -131 -131 -131 -131 -131
Government Spending (HRK Million) 19386.00 18029 17617 21525 19689 18534
Government Spending to GDP (%) 47.10 50.1 50.1 50.1 50.1 48.5

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 36.00 36 36 36 36 36
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 36.50 37.2 36.5 36.5 37.2 37.2
Social Security Rate For Companies (%) 16.50 17.2 16.5 16.5 17.2 17.2
Social Security Rate For Employees (%) 20.00 20 20 20 20 20

Business Actual Q1 Q2 Q3 Q4 2022
Industrial Production (%) 1.80 2.8 3.5 3.2 3 3
Business Confidence (points) -3.20 -6 -5 -4 -3 3

Consumer Actual Q1 Q2 Q3 Q4 2022
Retail Sales MoM (%) -0.80 1.2 0.9 0.9 0.3 0.1
Retail Sales YoY (%) -3.20 2 5.2 5.2 5.8 3.4
Consumer Spending (HRK Million) 57342.00 56726 51770 54181 57784 58315
Consumer Credit (HRK Million) 74910.40 68286 70722 82360 69896 70198
Bank Lending Rate (%) 2.85 3.12 3.12 3.12 4.14 3.12
Consumer Confidence (points) -19.80 -16 -11 -12 -13 -4.8
Gasoline Prices (USD/Liter) 1.58 1.45 1.38 1.31 1.25 1.18


This page has economic forecasts for Croatia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Croatia economy.