Source: world bank Nominal/PPP
Summary:
Croatia GDP Per Capita expanded from 1990 to 2024, increasing from $25.65 to $92.98 .The compound annual growth rate (CAGR) averaged 3.86% over the period. The economy recorded its peak level in 2024 and its lowest level in 1992. Growth volatility remained high. The maximum drawdown reached 58.6%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
Croatia Economic Phases (1990 - 2024)
From 1990 to 2024, Croatia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Crisis (1991–1992) indicating severe economic downturn
- High Growth (1993–1996) indicating robust economic expansion
- Contraction (1999–2000) indicating temporary slowdown
- High Growth (2002–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- High Growth (2017–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1995 with an increase of 51.182%, while the largest decline was in 1992 at -43.385%.