The European Bank for Reconstruction and Development (EBRD) has revised upwards its outlook for Croatia’s economy, projecting GDP growth of 3.2% in 2025 — up 0.3 percentage points from its May forecast. The upgrade is partly attributed to a strong tourism season.
In its latest Regional Economic Prospects report, the bank noted that Croatia’s economic growth slowed from 3.9% in 2024 to 3.2% year-on-year in the first half of 2025, as private consumption and investment eased. At the same time, inventory accumulation rose, while retail trade volumes decelerated and real wage growth moderated to 7% amid average inflation of 4.5%.
Despite these pressures, industrial production remained resilient, outperforming most regional peers, with goods exports continuing to show strength.
The EBRD maintained its cautious optimism for 2026, expecting steady growth supported by tourism and robust export performance.