Economy of Croatia
Population: 4.09 M (2018)
GDP per Capita: 14,910 USD (2018)
60,970 M.

GDP USD

(2018)

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30,800 M.

EXPORTS USD

(2018)

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31,320 M.

IMPORTS USD

(2018)

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73.20 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.63 % (2018)
GDP of 2010 USD USD 65.00 B. (2018)
GDP Current USD USD 60.97 B. (2018)
GDP per Capita Current USD USD 14,910 (2018)
GDP per capita, PPP USD 23,664 (2018)
GDP per Capita, 2010 USD USD 15,890 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 19.45 % (2018)
Government Spending USD 11.86 B. (2018)
Government Debt % GDP 73.20 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 96.55 (2018)
Trade Openness 101.88 % (2018)
Exports of Goods and Services % GDP 50.52 % (2018)
Exports Goods & Services USD 30.80 B. (2018)
Exports Annual Growth 7.40 % (2018)
Imports as % GDP 51.36 % (2018)
Total Imports USD 31.32 B. (2018)
Foreign Direct Investment % GDP 2.11 % (2018)
Foreign Direct Investment USD 1.28 B. (2018)
Current Account Balance % GDP USD 2.39 % (2018)
Current Account Balance USD 1.46 B. (2018)
Trade Balance % GDP -0.84 % (2018)
Trade Balance USD 0.53 B. (2018)
Foreign Exchange Reserves incl Gold USD 19.99 B. (2018)
Remittances % GDP 4.73 % (2018)
Remittances USD 1,366 M. (2018)
Balance of Payments USD 1,366 M. (2018)

Labor Market

Indicator Value
Labor Force 1.79 M. (2019)
Unemployment Rate 7.77 % (2019)
Unemployment Rate Females 8.64 % (2019)
Unemployment Rate Males 5.45 % (2019)
Youth Unemployment (ages 15-24) 24.08 % (2019)
Labor Force Participation Rate 51.47 % (2019)
Labor Force (Percent Female) 46.49 % (2019)
Female Labor Force Participation Rate 45.62 % (2019)
Male Labor Force Participation Rate 57.89 % (2019)
Dependent People 53.75 % (2018)

Agriculture Sector

Indicator Value
Forest Area 34.40 % (2016)
Forest Area km² 19,224 km² (2016)
Agricultural Land 27.59 % (2016)
Agricultural Land km² 15,440 km² (2016)
Employment 6.85 % (2019)
Value added % GDP 2.85 % (2018)
Agriculture Value added USD 1.74 B. (2018)
Crop Production Index 133.20 (2016)
Precipitation 1,113 mm (2014)
Arable Land 16 % (2016)
Cereal Yield 5,715 kg/hectare (2017)
Food production index 128 (2016)
Rural Population 43 % (2018)
Fertilizer use of Arable Land 119 kg/hectare (2016)
Livestock Production Index 94 (2016)
Economy of Croatia

According to the World Bank and its latest published data, the economy of the Croatia presents a growth rate of 2.63 % (2018) to the previous year.

With a population that reaches 4.09 M (2018) and a gross domestic product of USD 60.97 B. (2018), it translates a Gross Domestic Product per Capita of USD 14,910 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Croatia also has a workforce of 1.79 M. (2019) with an unemployment rate of 7.77 % (2019), where women represent 8.64 % (2019) and men 5.45 % (2019), the unemployment rate for young people between 15-24 years old stood at 24.08 % (2019). The total number of dependent people stands at 53.75 % (2018).

The central government spent 19.45 % (2018) of its gross domestic product that year, which in absolute terms is USD 11.86 B. (2018). Its consolidated public debt reached 73.20 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Croatia exported USD 30.80 B. (2018), which represents 50.52 % (2018) of its gross domestic product, in that same sense its imports reached USD 31.32 B. (2018) with a direct foreign investment of USD 1.28 B. (2018).

Croatia has a forest area of 19,224 km² (2016), which represents 34.40 % (2016) of its total area, an average rainfall of 1,113 mm (2014) per year and a population of 43 % (2018) living in rural areas. With a total area of 15,440 km² (2016) available for agriculture and 6.85 % (2019) of its employments, the agricultural sector contributes to the economy of the Croatia about USD 1.74 B. (2018) (2.85 % (2018) of its GDP).