Croatia GDP projected to exceed 100 billion euros

Croatian Prime Minister Andrej Plenković delivered an annual review speech to Parliament, marking ten years of his government’s tenure. He highlighted significant economic milestones, noting that Croatia’s GDP is projected to exceed 100 billion euros for the first time, with growth expected to reach approximately 2.3 percent by 2026.

Plenković reported that the average net salary reached 1,540 euros in July, a more than twofold increase during his leadership. He also noted that the number of employed persons has grown by 300,000, with record social security coverage reaching approximately 1.8 million people. Additionally, the average pension has risen by 120 percent to 780 euros.

Regarding fiscal stability, the Prime Minister stated that public debt is expected to be around 55.5 percent of GDP by year-end, with a budget deficit target of 2.9 percent. He emphasized that Croatia’s credit rating has improved six notches over seven years, recently receiving an A3 rating from Moody’s.

Future priorities outlined by the government include demographic renewal, affordable housing, healthcare improvements, energy security, judicial reform, and the modernization of the Croatian military.