Economy of Croatia

Uncommon card · No. 197116

Croatia has a highly developed mixed economy. It is one of the largest economies in Southeast Europe by nominal gross domestic product (GDP). It maintains a similarly high regional GDP per capita. It is an open economy with an accommodative foreign policy, highly dependent on international trade in Europe. Within Croatia, economic development varies among its counties, with the strongest growth in Central Croatia and its financial centre, Zagreb. It has a very high level of human development, low levels of income inequality, and a high quality of life. Croatia's labor market has been perennially inefficient, with an underdeveloped investment climate and an ineffective corporate and income tax system. Croatia's economic history is closely linked to its historic nation-building efforts. Its pre-industrial economy leveraged the country's geography and natural resources to guide agricultural growth. The 1800s saw a shipbuilding boom, railroading, and widespread industrialization. During the...

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