EBRD lifts Croatia’s 2024 GDP growth forecast to 2.9%

"Croatia remains one of top performers in the implementation of the Recovery and Resilience Plan, while public accounts have been largely in balance in the past two years," the lender said in its Regional Economic Prospects report.

For 2025, the EBRD expects Croatia’s real gross domestic product (GDP) growth to reach 2.8%.

The bank believes that the growth this year and next will be driven by European Union-funded investments and Croatia's further integration with EU markets.

The EBRD estimated that Croatia’s economy expanded 2.8% last year. According to a first estimate, released by the Croatian central bank last month, the country’s real economic growth expansion in 2023 was 3.1%.

The EBRD projects that the economic growth rate for the region of Central Europe and the Baltic countries, which includes Croatia, will be 2.2% this year and 3.1% in 2025. This marks a 0.3 percentage point reduction in its forecast for 2024. Last year, the economic growth for this region was 0.1%.