The World Bank Group is supporting Croatia achieve increased investment, create more productive jobs, and improve environmental resilience while strengthening institutions.
GDP in Croatia continued to strongly expand in the first half of 2022 despite high and rising inflation and geopolitical tensions. Looking ahead, economic activity is likely to slow down towards the end of the year and in 2023 with rising uncertainties in external environment and inflation weighting on real incomes and external demand.
This project is aimed at improving the business regulatory procedures and justice service standards for businesses and citizens.
Growth strengthened in 2016 led by exports, domestic demand and investment recovery. Given the labor market recovery and real wage and disposable income increase, the poverty rate has continued trending downwards to 8.4 percent (at $5/day PPP). Due to the improved fiscal outcomes, Croatia would likely exit the Excessive Deficit Procedure in 2017. Yet, fiscal imbalances would require further narrowing in the medium term, while stronger personal consumption and EU funds absorption would continue to support solid growth in 2017-19. Read more...
Division Director for the European Union
Country Manager for Croatia and Slovenia
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