Economics Croatia
Croatia Economic Indicators
Croatia’s nominal GDP is projected to reach $88.08 billion in 2024, with steady growth supported by private consumption and investments. The unemployment rate has declined to 5.6%, while inflation is expected to stabilize at 2.5%. The ICT sector, a vital economic driver, continues to expand, with tech exports rising to 2.14% of GDP in 2022. Investments in education and sustainability are fostering a skilled workforce, essential for long-term growth. Croatia’s integration into the EU, Schengen zone, and euro area further bolsters trade and investment prospects.
Croatia Regulatory Enviroment
Croatia’s business environment has improved, with the time to start a company reduced to seven days and corporate tax rates of 18% or 10%, depending on revenue. While VAT stands at 25%, reforms in 2024 aim to boost net wages and refine personal income tax structures. Although rankings in the World Bank's new "Business Ready" report are unavailable, Croatia continues to advance in regulatory efficiency and economic reforms.
