Main macroeconomic indicators

Published: 31/1/2015 Modified: 6/9/2023

Main macroeconomic indicators are a brief and clear table overview of key annual macroeconomic indicators of the Croatian economy over a longer period.

  2016 2017 2018 2019 2020 2021 2022
Population (million) a 4,174 4,125 4,088 4,065 4,048 3,879 3,854
GDP (million EUR, current prices) b 47.331 49.516 51.933 54.784 50.477 58.244 66.943
GDP per capita (in EUR) 11.339 12.005 12.704 13.476 12.471 15.015 17.486
GDP - year-on-year rate of growth (in %, constant prices) 3,6 3,4 2,8 3,4 -8,5 13,1 6,2
Average HICP year-on-year inflation rate -0,6 1,3 1,6 0,8 0,0 2,7 10,7
Average CPI year-on-year inflation rate -1,1 1,1 1,5 0,8 0,1 2,6 10,8
Current account balance (million EUR) c 1.056 1.719 931 1.576 -268 1.022 -1.064
Current account balance (as of % GDP) 2,2 3,5 1,8 2,9 -0,5 1,8 -1,6
Current and capital account balance (million EUR) c 1.747 2.179 1.605 2.480 807 2.429 657
Current and capital account balance (as of % GDP) 3,7 4,4 3,1 4,5 1,6 4,2 1,0
Exports of goods and services (as of % GDP) 47,0 49,7 50,2 51,5 41,5 50,0 60,2
Imports of goods and services (as of % GDP) 45,8 49,0 51,1 51,8 48,5 52,7 65,9
External debt (million EUR, end of year) c 45.050 43.879 42.809 40.589 41.285 47.213 49.554
External debt (as of % GDP) 95,2 88,6 82,4 74,1 81,8 81,1 74,0
External debt (as of % exports of goods and services) 202,7 178,4 164,2 144,0 197,0 162,2 122,9
External debt service (as % of exports of goods and services) d 35,7 33,1 27,1 37,8 35,3 21,7 16,9
Gross international reserves (million EUR, end of year) 13.514 15.706 17.438 18.560 18.943 25.022 27.877
Gross international reserves (in terms of months of imports of goods and services, end of year) 7,5 7,8 7,9 7,8 9,3 9,8 7,6
Exchange rate on 31 December (USD : 1 EUR) 1,0541 1,1993 1,1450 1,1234 1,2271 1,1326 1,0666
Average exchange rate (USD : 1 EUR) 1,1069 1,1297 1,1810 1,1195 1,1422 1,1827 1,0530
Consolidated general government net lending (+)/borrowing (-) (million EUR) e -490 311 -27 119 -3.688 -1.448 262
Consolidated general government net lending (+)/borrowing (-) (as % of GDP) e -1,0 0,6 -0,1 0 -7 -2 0
General government debt (as % of GDP) e 79,7 76,5 73,2 71,0 86,9 78,3 68,8
Long-term interest rates (annual, in %) f 3,49 2,77 2,17 1,29 0,83 0,45 2,70
Unemployment rate (ILO, persons above 15 years of age) g 13,1 11,2 8,4 6,6 7,5 7,6 7,00
Employment rate (ILO, persons above 15 years of age) g 44,6 45,8 46,9 47,7 47,2 47,8 48,7

 

a The population estimate of the Republic of Croatia for 2000 is based on the 2001 Census and that for the 2001 – 2020 period on the 2011 Census. Population estimates in 2021 and 2022 were calculated on the basis of the 2021 Census. Data for 2022 are preliminary.
b The GDP data are presented according to the ESA 2010 methodology. Data relating to the period before 1 January 2023 have been converted into euros at fixed exchange rate (1 euro = 7.53450 kuna). Data for 2020, 2021 and 2022 are preliminary.
c Balance of payments and external debt data are compiled in accordance with the methodology prescribed by the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) and the new sector classification of institutional units in line with ESA 2010. Balance of payments and external debt data are based on the most recent available balance of payments data up to the first quarter of 2023 and data on the gross external debt position as at the end of March 2023.
d Includes principal payments on bonds, long-term trade credits and long-term loans (excluding liabilities to affiliated enterprises), as well as total interest payments (including FISIM), without interest payments on direct investment.
e Fiscal data is shown according to the ESA 2010 methodology.
f Average long-term government bond yield with a remaining maturity of about 10 years.
g Data for the 2007 – 2013 period are revised and therefore no longer comparable to data for the 2000 – 2006 period.
Sources: CBS, MoF, ECB and CNB.