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Since service industries comprise about two-thirds of Gross Domestic Product (GDP) and agriculture accounts for less than 5%, the structure of the Croatian economy is similar to that of the countries of the European Union.

The economy

Since service industries comprise about two-thirds of Gross Domestic Product (GDP) and agriculture accounts for less than 5%, the structure of the Croatian economy is similar to that of the countries of the European Union. The main economic branches in the country are determined by natural resources, but also by technology and industry (shipbuilding, construction, petrochemicals, the food industry). The most important branch of the economy is tourism, with 20 million foreign guests per year, contributing 20% to GDP. As in many European countries, the greatest problem facing the Croatian economy in the current period of crisis is the relatively high level of unemployment. Croatia has a developed infrastructure, and in the last 20 years, 1,000 km of modern highways have been built, which has contributed significantly to linking the countries of the European Union. In fact, Croatia conducts almost two-thirds of foreign trade with these countries, primarily Italy, Germany, Slovenia and Austria, while Bosnia and Herzegovina and Serbia are also important trading partners.

Economic transition

The Croatian economy is one of the strongest in Southeast Europe, and in terms of its GDP (51.5 billion euros in 2018) is even stronger that the economies of some members of the European Union. After the collapse of the socialist system, it underwent transition...

Branches of the economy

Croatia does not have large quantities of mineral resources. Coal and other mines (bauxite) were closed in the 1970s and 1980s. It does have significant sources of non-metal minerals, which are used as raw materials in construction (gravel, sand, marl...

Major companies

There are several large companies under private ownership in Croatia, which play a significant role in foreign trade. Some of them are significant technological innovators. There are also publicly owned companies of exceptional interest for the country, mainly...

Tourism

Although Croatia cannot compare with major tourism powers such as France, Spain, Italy or Greece, with 17.4 million tourist arrivals in 2017 and a trend of increasing numbers for many years Croatia has certainly become one of the most popular countries on the...