Main macroeconomic indicators

Published: 31/1/2015 Modified: 20/9/2022

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

2015 2016 2017 2018 2019 2020 2021
Area (square km) 56.594 56.594 56.594 56.594 56.594 56.594 56.594
Population (million) a 4,204 4,174 4,125 4,088 4,065 4,048 3,889
GDP (million HRK, current prices) b 344.034 355.920 372.355 390.856 412.228 378.341 430.621
GDP (million EUR, current prices) 45.211 47.271 49.913 52.718 55.604 50.224 57.232
GDP per capita (in EUR) 10.755 11.324 12.101 12.896 13.678 12.408 14.718
GDP - year-on-year rate of growth (in %, constant prices) 2,5 3,5 3,4 2,9 3,5 -8,1 10,2
Average CPI year-on-year inflation rate -0,5 -1,1 1,1 1,5 0,8 0,1 2,6
Average HICP year-on-year inflation rate -0,3 -0,6 1,3 1,6 0,8 0,0 2,7
Current account balance (million EUR) c 1.524 1.091 1.767 994 1.686 -56 1.945
Current account balance (as of % GDP) 3,4 2,3 3,5 1,9 3,0 -0,1 3,4
Exports of goods and services (as of % GDP) 45,8 47,1 49,3 49,5 50,8 42,1 52,5
Imports of goods and services (as of % GDP) 45,5 45,9 48,6 50,3 51,1 48,8 53,5
External debt (million EUR, end of year) c 48.403 44.735 43.607 42.639 40.330 40.124 44.802
External debt (as of % GDP) 107,1 94,6 87,4 80,9 72,5 79,9 78,3
External debt (as of % exports of goods and services) 233,5 201,1 177,1 163,4 142,8 190,0 149,0
External debt service (as % of exports of goods and services) d 44,0 35,7 33,0 27,0 37,7 34,9 21,0
Gross international reserves (million EUR, end of year) 13.707 13.514 15.706 17.438 18.560 18.943 25.022
Gross international reserves (in terms of months of imports of goods and services, end of year) 8,0 7,5 7,8 7,9 7,8 9,3 9,8
National currency: kuna (HRK)              
Exchange rate on 31 December (HRK : 1 EUR) 7,6350 7,5578 7,5136 7,4176 7,4426 7,5369 7,5172
Exchange rate on 31 December (HRK : 1 USD) 6,9918 7,1685 6,2697 6,4692 6,6499 6,1390 6,6435
Average exchange rate (HRK : 1 EUR) 7,6096 7,5294 7,4601 7,4141 7,4136 7,5331 7,5242
Average exchange rate (HRK : 1 USD) 6,8623 6,8037 6,6224 6,2784 6,6223 6,6108 6,3636
Consolidated general government net lending (+)/borrowing (-) (million HRK) e -11.736 -3.296 2.804 -116 969 -27.710 -12.438
Consolidated general government net lending (+)/borrowing (-) (as % of GDP) e -3,4 -0,9 0,8 0,0 0,2 -7,3 -2,9
General government debt (as % of GDP) e 83,3 79,8 76,7 73,3 71,1 87,3 79,8
Long-term interest rates (annual, in %) f 3,53 3,47 2,77 2,17 1,28 0,83 0,45
Unemployment rate (ILO, persons above 15 years of age) g 16,2 13,1 11,2 8,4 6,6 7,5 7,6
Employment rate (ILO, persons above 15 years of age) g 44,2 44,6 45,8 46,9 47,7 47,2 47,8

 

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. Data for 2021 are preliminary. 

b The GDP data are presented according to the ESA 2010 methodology. Data for 2020 and 2021 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 2022 and data on the gross external debt position as at the end of June 2022.        

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 and CNB.