The unemployment rate in Croatia declined to 9.4 percent in November 2018 from 12.1 percent in the same month of the previous year. The number of unemployed persons fell to 146.9 thousand from 188.1 thousand in November 2017. In October, the jobless rate was lower at 9.1 percent. Unemployment Rate in Croatia averaged 17.41 percent from 1996 until 2018, reaching an all time high of 23.60 percent in January of 2002 and a record low of 8.40 percent in September of 2018.
Unemployment Rate in Croatia is expected to be 9.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Croatia to stand at 7.80 in 12 months time. In the long-term, the Croatia Unemployment Rate is projected to trend around 8.40 percent in 2020, according to our econometric models.