Includes historical data for Croatia’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Strong Economic Fundamentals Attract Foreign Investment
A member of NATO since 2009 and of the European Union since 2013, this former Yugoslav republic is a modern, fast-growing economy. With a population of less than 4 million, Croatia benefits from its strategic location at the crossroads of Central and Southeast Europe, a well-developed infrastructure and a skilled multilingual workforce. These strengths have made Croatia a preferred destination for international investment in the tourism, telecommunications, pharmaceuticals and healthcare sectors, as well as in emerging industries such as clean energy and information technology.
Despite these strengths, Croatia faces challenges. The burdensome regulatory environment, high rates of informal economy, and limited industrial diversification hinder business initiatives and stifle the full potential for economic growth. High levels of public and private debt, population decline and the migration of skilled workers are additional points of weakness.
Macroeconomy & Sovereign Data
| Type of Government | Parliamentary republic |
|---|---|
| Capital | Zagreb |
| Sovereign Ratings |
S&P: BBB+ Moody’s: Baa2 Fitch: BBB+ |
| Total Population | 3.8 million |
| Median Age | 44.4 |
| Adult Per Capita Income (PPP) | 41,007.52 |
| Total GDP (2023) | 88.1 billion |
Croatia GDP & Economic Overview
Most Recent Content
Croatia
Data
Balkan Spring
Emerging & Frontier Markets
SURPRISE PRESIDENTIAL WIN FOR GRABAR-KITAROVI
Awards
BEST BANKS 2014: EUROPEBanking & Finance
Trade & Investment
| Total Exports | USD 44.3 billion (2023) |
|---|---|
| Leading Exports |
Refined Petroleum Crude Petroleum Packaged Medicines Electricity Electrical Transformers |
| Total Imports | USD 24.0 billion (2022) |
| Leading Imports |
Crude Petroleum Cars Refined Petroleum Packaged Medicines Electricity |
| Source: | World Integrated Trade Solution |
Croatia Leading Companies
| Hrvatska Postanska Banka | Financials |
|---|---|
| Hrvatska Osiguranje | Insurance |
| INA | Oil & Gas Exploration & Production |
| Ingra | Construction & Engineering Services |
| Konzum | Consumer Staples, Food Retail |
| Bonbon | Telecommunications Services |
| Fortenova Grupa | Conglomerate, Financials, Retail, Real Estate |
Major Trade Partners — Import
| Germany | 15% |
|---|---|
| Italy | 13% |
| Slovenia | 11% |
| Hungary | 7% |
| Austria | 6% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
| Italy | 13% |
|---|---|
| Germany | 12% |
| Slovenia | 11% |
| Bosnia | 9% |
| Hungary | 8% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000