Croatia PESTLE Insights - A Macroeconomic Outlook Report

Croatia PESTLE Insights - A Macroeconomic Outlook Report

Summary

Financial intermediation, real estate, and business activities contributed 22.1% to the gross value added (GVA) in 2022, followed by wholesale, retail, and hotel activities (20.3%), and mining, manufacturing, and utilities activities (17.7%). In nominal terms, the three sectors are expected to grow by 9.2%, 9.1% and 9.1%, respectively, in 2023.

Zagreb and Split are major regions in Croatia, accounting for approximately 47.5% of the country’s GDP and 41.9% of its population as of 2022, according to GlobalData.

Key Highlights

The CROBEX exhibited an upward trend over the past year. As of November 23, 2023, the index stood at 2,411.0, compared to 1,905.2 on November 23, 2022.

Scope

• In August 2023, the Croatian government announced its commitment to invest EUR77.5 million (approximately $84 million) in three key transport infrastructure projects.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.