1887

2023 OECD Economic Surveys: Croatia 2023

image of OECD Economic Surveys: Croatia 2023

Croatia has navigated well the COVID-19 crisis and the price shocks following Russia’s war of aggression on Ukraine. It has achieved robust output growth, rising employment and improving well-being, although inflation has surged. Integration into the euro- and Schengen areas at the start of 2023 are testament to progress, and are providing a further fillip to the economy. Ensuring that fiscal policy is counter-cyclical and that lending supports productive investments can help contain inflationary pressures and sustain growth. Croatia’s ongoing and ambitious reforms and investments must continue for incomes to converge with OECD levels while also preparing for climate change. Reducing regulatory burdens, more responsive judicial processes, addressing corruption risks and improving the performance of state-owned enterprises can foster a more dynamic business environment with stronger growth by higher productivity firms. A big push to strengthen adults’ skills would ensure that employers can fill high-skilled positions and support rising incomes. Better engaging younger adults in work, encouraging older adults to work until the full retirement age, and attracting needed skills through immigration would reduce poverty risks, raise productivity and help Croatia adapt to an ageing population.

SPECIAL FEATURES: IMPROVING THE BUSINESS ENVIRONMENT; A BETTER PERFORMING LABOUR MARKET

English Also available in: French

Pensions rather than social transfers reduce inequality and poverty in Croatia

Reduction in risk of income poverty and income inequality through social transfers and pensions, 2021 or latest available year

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error