IMD World Competitiveness Booklet 2022

Croatia Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Zagreb

88 2021

46

6.360 2021

59

Exchange Rate (per $)

60

60

61

3.90 2021 52 67.8 2021 52 34,081 2021 42 10.4 2021 06 2.61 2021 26 7.63 2021 43 1.82 2021 52 3.32 2021 20 32.1 2020 54 2.06 2020 25

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Rise in energy prices and ensuring the right energy mix, for both businesses and citizens, in the long run. • Rise in prices of raw material, especially steel (and other metals) - construction sector particularly hit. • Rise in prices of foodstuff, especially those imported from Ukraine. • Unprecedented rise of inflation: 7,6% in March. • Croatia is still facing labour shortages, which is partially assuaged by swift employment of Ukrainian refugees.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: National Competitiveness Council

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

5

15

30

34

37

37 42

40

43

44 48

47

48 45 49

56

56

58 56 57

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS < 20 MILLION (36 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

29

31

33

33

33

33

37

38

38

38

64 Competitiveness Country Profiles

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