Latest reading: Manufacturing output grew 1.9% compared to the same month a year earlier in May, matching April’s increase. Looking...
Industrial Production in Croatia
The Croatian economy recorded an average industrial production growth rate of 1.2% 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 gains steam in April
Latest reading: Industrial production grew 6.5% year on year in working-day adjusted terms in April (March: +3.2% yoy). April's notable pickup was largely driven by an acceleration in manufacturing output growth. Moroever, electricity, gas, steam and air conditioning supply output gained steam, and mining and quarrying output fell at a softer rate. Meanwhile, the trend improved sizably, with the annual average variation of industrial production coming in at an over two-year high of 0.6% in April, contrasting March's minus 0.1%. On a seasonally and calendar adjusted monthly basis, industrial production rebounded notably, rising 2.5% in April (March: -1.5% s.a. mom).
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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Russia: Industrial output growth rises but remains mild in May Latest reading: Industrial production rose 1.8% year on year in May, improving from April’s 1.5% expansion but continuing to undershoot... -
Poland: Industrial output improves in May Latest reading: Industrial production increased 3.9% year on year in May (April: +1.2% yoy), marking the best reading since October... -
Taiwan: Industrial output growth remains buoyant in May Latest reading: Industrial production grew 22.6% year on year in May (April: +23.7% yoy), well above market expectations, driven chiefly... -
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Belarus: Industrial output growth falls to an over two-year low in May Latest reading: Industrial production growth eased to 1.1% year on year in May (April: +1.4% yoy), marking the weakest reading... -
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