Croatia » Introduction

Basic Economic Facts

GDP composition by Sector

Croatia has an economy based mostly on various services and some, mostly light, industry. Tourism is a notable source of income during the summer. The estimated Gross Domestic Product per capita in purchasing power parity terms for 2005 was USD 12,158 or 45.2% of the EU average for the same year.

The country has experienced faster economic growth and has been preparing for membership in the European Union, its most important trading partner.

In February 2005, Croatia implemented the Stabilisation and Association Agreement with the EU and is advancing further towards full EU membership.

The country expects some major economic impulses and high growth rates in the following next years (currently Croatia suffers most from its high export deficit and considerable debt). Some big trading companies have already taken advantage of the liberalisation of the Croatian market. Croatia is expecting a boom in investments, especially greenfield investments.