Unemployment in Croatia

Croatia Unemployment | Economic News & Forecasts

Croatia - Unemployment

The economy appears to have lost some momentum in Q2, albeit on the heels of a stronger-than-expected upturn in Q1. After growing robustly in April, industrial production nearly stagnated in May, weighed on by falling manufacturing output. Moreover, despite the unemployment rate tumbling to a record low in Q2, a sharp slowdown in real wage growth in May coupled with a fall in retail sales in the same month, the first in nearly five years, hint that household spending may have waned in Q2. Meanwhile, in early July, officials submitted a letter of intent to join the ERM-II, a prerequisite to adopting the euro. However, several reforms—mainly within the banking and public sectors—need to be implemented before formal ERM-II entry, a process which could take about a year. Thus, Croatia is not set to enter ERM-II until mid-2020, after which the country must remain there for at least another two years satisfying the exchange rate criteria. Eurozone membership is envisaged in 2023 at the earliest.

Croatia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate21.5  19.4  17.6  14.7  12.2  

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Croatia Unemployment Chart

Croatia Unemployment
Note: Unemployment in % of active population.
Source: Central Bureau of Statistics.

Croatia Facts

Bond Yield1.130.0 %Jul 31
Exchange Rate6.67-0.54 %Jul 31
Stock Market1,912-0.48 %Jul 31

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