Latest reading: Industrial output grew 0.3% compared to the same month of the previous year in May, which was a...
Industrial Production in Croatia
The Croatian economy recorded an average industrial production growth rate of 1.1% in the decade to 2024. In 2024, industrial production growth was -2.4%. For more industry information, visit our dedicated page.
Croatia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Croatia from 2024 to 2017.
Source: Macrobond.
Croatia Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -3.3 | 6.3 | 1.7 | -0.2 | -2.4 |
Industrial output growth eases to six-month low in May
Latest reading: Industrial output expanded 1.8% year on year in working-day adjusted terms in May (April: +6.5% yoy). The outturn marked the worst reading since November 2024. May's reading was partly due to a smaller increase in manufacturing production. In addition, electricity, gas, steam and air conditioning output fell markedly. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 1.0%, up from April's 0.6% reading. On a monthly basis, industrial production dropped 2.9% in seasonally adjusted terms in May, contrasting April’s 2.5% expansion.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Croatian industry projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Croatian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Croatian industry projections.
Want to get access to the full dataset of Croatian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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