Croatia's unemployment rate decreased to 7.2 percent in July 2019 from 8.6 percent in the same month of the previous year. It is the lowest jobless rate since at least December 1996, as the number of unemployed persons fell 114.39 thousand from 136.20 thousand in July 2018. In June, the jobless rate was unchanged at 7.2 percent. Unemployment Rate in Croatia averaged 17.15 percent from 1996 until 2019, reaching an all time high of 23.60 percent in January of 2002 and a record low of 7.20 percent in June of 2019.
Unemployment Rate in Croatia is expected to be 6.90 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 7.00 in 12 months time. In the long-term, the Croatia Unemployment Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.