Markets Actual Q2 Q3 Q4 Q1 2023
Currency 7.20 7.22 7.3 7.39 7.48 7.66
Stock Market (points) 2035.98 1969 1927 1885 1845 1767
Government Bond 10Y (%) 3.43 3.67 4.04 4.44 4.89 5.92

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -0.10 2 1.5 1 0.5 1.5
GDP Annual Growth Rate (%) 7.00 3.5 3.7 4 5.3 4.5
Unemployment Rate (%) 6.50 6.9 6.4 7.4 7.4 6.8
Inflation Rate (%) 10.80 8.1 6.7 5.9 5 2.5
Inflation Rate Mom (%) 1.40 1.6 0.5 0.1 0.1 0.1
Interest Rate (%) 2.50 2.5 2.75 2.75 2.75 3
Balance of Trade (HRK Million) -10408.00 -6900 -6900 -4200 -4200 -4200
Current Account (EUR Million) -451.40 -610 3250 -350 -1450 -420
Current Account to GDP (% of GDP) -0.30 -1.3 -1.3 -1.3 -1.3 -1
Government Debt to GDP (% of GDP) 79.80 83.5 83.5 83.5 83.5 83.5
Government Budget (% of GDP) -2.90 -2.4 -2.4 -2.4 -1.9 -1.9
Retail Sales MoM (%) 0.30 0.6 0.6 0.1 0.1 0.1
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 30.00 36 36 36 36 36

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -0.10 2 1.5 1 0.5 1.5
GDP Annual Growth Rate (%) 7.00 3.5 3.7 4 5.3 4.5
GDP (USD Billion) 55.97 70.62 70.62 70.62 70.62 75.85
GDP Constant Prices (HRK Million) 93823.00 101631 117301 102252 98796 106853
Gross Fixed Capital Formation (HRK Million) 21401.00 21605 21193 21135 22535 22086
GDP per capita (USD) 12694.38 16300 16300 16500 16500 16500
GDP per capita PPP (USD) 26465.13 28400 28400 28800 28800 28800
Full Year GDP Growth (%) 10.40 3.6 3.6 3.6 3.4 3.4
GDP From Agriculture (HRK Million) 2526.00 2790 3702 4006 2660 4186
GDP From Construction (HRK Million) 4987.00 5157 4995 4931 5251 5153
GDP From Manufacturing (HRK Million) 12056.00 13192 13089 13618 12695 14231
GDP From Public Administration (HRK Million) 13451.00 13602 13490 13608 14164 14221
GDP From Services (HRK Million) 16333.00 19055 28965 18278 17199 19101

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 6.50 6.9 6.4 7.4 7.4 6.8
Labour Costs (points) 105.48 106 90 103 108 105
Wages (HRK/Month) 7547.00 7354 7286 7462 7797 7649
Wages in Manufacturing (HRK/Month) 7041.00 6807 6736 6777 7342 6947
Minimum Wages (EUR/Month) 623.70 580 580 580 580 600
Population (Million) 4.06 3.99 3.99 3.95 3.95 3.95
Retirement Age Women 62.75 63 63 63 63 63.25
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 6.57 2.5 2.5 2.5 2.5 2.5

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 10.80 8.1 6.7 5.9 5 2.5
Inflation Rate Mom (%) 1.40 1.6 0.5 0.1 0.1 0.1
Consumer Price Index CPI (points) 115.90 113 113 114 117 117
Core Consumer Prices (points) 114.50 114 115 115 116 119
Core Inflation Rate (%) 8.70 8.7 7.9 6.5 4.5 3.5
Producer Prices (points) 126.20 121 126 133 143 158
Producer Prices Change (%) 23.70 17.2 17.4 17.6 17.8 18
Harmonised Consumer Prices (points) 116.27 109 109 109 109 109
Food Inflation (%) 15.20 2.2 2.2 1 1 1
CPI Transportation (points) 124.00 126 127 127 127 127

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 2.50 2.5 2.75 2.75 2.75 3
Interbank Rate (%) 0.18 0.18 0.43 0.43 0.43 0.43
Deposit Interest Rate (%) 0.00 0 0.25 0.25 0.25 0.25
Cash Reserve Ratio (%) 9.00 10 10 10 10 10

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (HRK Million) -10408.00 -6900 -6900 -4200 -4200 -4200
Current Account (EUR Million) -451.40 -610 3250 -350 -1450 -420
Current Account to GDP (% of GDP) -0.30 -1.3 -1.3 -1.3 -1.3 -1
Imports (HRK Million) 27612.27 16100 16100 13400 13400 13400
Exports (HRK Million) 16112.92 9200 9200 9200 9200 9200

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 79.80 83.5 83.5 83.5 83.5 83.5
Government Budget (% of GDP) -2.90 -2.4 -2.4 -2.4 -1.9 -1.9
Government Budget Value (HRK Million) -7304.00 -131 -131 -131 -131 -131
Government Spending (HRK Million) 20660.00 22820 20889 24502 21755 25605
Government Spending to GDP (% of GDP) 55.40 50.1 50.1 48.5 48.5 48.5

Taxes Actual Q2 Q3 Q4 Q1 2023
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 30.00 36 36 36 36 36
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 36.50 37.2 37.2 37.2 37.2 37.2
Social Security Rate For Companies (%) 16.50 17.2 17.2 17.2 17.2 17.2
Social Security Rate For Employees (%) 20.00 20 20 20 20 20

Business Actual Q2 Q3 Q4 Q1 2023
Industrial Production (%) -1.30 4.2 4.7 4.5 6.7 6
Industrial Production Mom (%) -1.50 0.1 0.3 -0.1 0.2 0.5
Manufacturing Production (%) -2.00 6.2 3.5 1.8 8 6
Mining Production (%) -7.10 -0.1 0.2 0.8 3.5 4.5
Business Confidence (points) 12.30 7.6 -3 3 3 3

Consumer Actual Q2 Q3 Q4 Q1 2023
Retail Sales MoM (%) 0.30 0.6 0.6 0.1 0.1 0.1
Retail Sales YoY (%) 5.70 5.8 5.8 3.4 3.4 3.4
Consumer Spending (HRK Million) 58135.00 60186 60633 65038 61216 67965
Consumer Credit (HRK Million) 76949.20 79364 80709 80187 80944 83795
Bank Lending Rate (%) 2.72 2.72 2.97 2.97 2.97 2.97
Gasoline Prices (USD/Liter) 1.97 2.04 2.11 2.19 2.27 2.27
Consumer Confidence (points) -26.30 -26 -7 -6 -6 -6


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Croatia Forecast - was last updated on Thursday, June 30, 2022.