Zagreb, Croatia

Croatia anticipates economic growth of over 5 percent this year

Croatia anticipates economic growth of over 5 percent this year

This impressive percentage is owed to a successful tourist season

At the beginning of 2020, the outbreak of COVID shocked the world. Thousands of people lost their jobs as companies were forced to make staff reductions while others went bankrupt. All travel came to a halt, citizens stayed home for months on end, and the economy suffered tremendously.

Taking a case in point, Croatia – one of the most popular tourist destinations in Europe – recorded an 8% downturn in economic growth last year. Now, a year and a half later, over 38% of the Croatian population is fully vaccinated. What is more, its tourist season is booming. Expanding on this, the country has already welcomed more visitors this year than in the whole of 2020.     

Accelerating the economy’s post-COVID recovery

On 19 August, the Croatian Minister of Economy and Sustainable Development Tomislav Ćorić explained that the government expects economic growth of more than 5% in 2021. This percentage is impressive when considering last year’s devastating downturn.

According to Ćorić, this percentage is owed to the successful tourist season in July and August this year. As the success of the season was unexpected, the 5.2% growth in GDP was also surprising. What is more, the Minister further explained that the already impressive percentage can grow even higher if tourism continues at its current pace over the coming weeks.

Investing in entrepreneurs

In addition to this, Ćorić shared that the government allocated HRK 30 million (EUR 3,999,883) for the completion of a business centre in the city of Petrinja, which was struck by an earthquake of magnitude 6.4 ML in December. Commenting on the need for such an investment, Ćorić disclosed that the government seeks to support and encourage the future development and survival of entrepreneurship.  

In this way, the Croatian government ensures the growth of the country’s economy and the success of local businesses.



Growing City


Smart City


Green City


Social City


New European Bauhaus




ECP 2021 Winner TheMayorEU