OECD Investment Policy Reviews: Croatia 2019
This review was prepared in response to Croatia's 2015 request to adhere to the Declaration on International Investment and Multinational Enterprises. It assesses the climate for domestic and foreign investment in Croatia, its ability to comply with the principles of openness, transparency and non-discrimination and its policy convergence with the OECD Declaration, including responsible business conduct practices, and discusses the challenges and opportunities faced by the government of Croatia in its reform efforts. Capitalising on the OECD Policy Framework for Investment, this review includes chapters on foreign investment trends and performance, foreign investor entry and operations, the legal and institutional framework for investment protection, investment promotion and facilitation, public governance, and policies to promote and enable responsible business conduct.
Preface
Croatia has recorded considerable economic and social progress since the start of the post-independence reforms in the late 1990s. GDP per capita increased by an average annual rate of 2.5% between 2000 and 2018 (in PPP, at constant 2011 international USD). Due to this strong economic growth and improvements in labour market conditions, the share of the population living below the poverty line (at USD 5.5/day PPP) has continued trending downwards to 4.6%, from 7.3% in 2013. In addition to its expanding tourist sector, Croatia’s strong performance has been supported by major policy reforms, including continuous efforts to open the economy to investment which have helped spur capital inflows.
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