section_path: Economy
section_name: Economy
paragraph_text: Economy
  
  Croatia's economy qualifies as high-income and developed. International Monetary Fund data projects that Croatian nominal GDP will reach $88.08 Billion in 2024, or $22,966 per capita. Purchasing power parity (PPP) GDP will increase to $175.269 Billion, or $45,702 per capita. According to Eurostat, Croatian GDP per capita in PPS stood at 76% of the EU average in 2023, with real GDP growth for the year being 2.8%. The average net salary of a Croatian worker in April 2024 was €1,326 per month, the average gross salary roughly €1,834 per month. The unemployment rate dropped to 5.6% in that month, down from 7.2% in July 2019 and 9.6% in December 2018. The unemployment rate between 1996 and 2018 averaged 17.38%, reaching an all-time high of 23.60% in January 2002 and a record low of 8.40% in September 2018. In 2017, economic output was dominated by the service sector — accounting for 70.1% of GDP — followed by the industrial sector with 26.2% and agriculture accounting for 3.7%.
  
  According to 2017 data, 1.9% of the workforce were employed in agriculture, 27.3% by industry and 70.8% in services. Shipbuilding, food processing, pharmaceuticals, information technology, biochemical, and timber industry dominate the industrial sector. In 2018, Croatian exports were valued at 108 Billion kunas (€14.61 Billion) with 176 Billion kunas (€23.82 Billion) worth of imports. Croatia's largest trading partner was the rest of the European Union, led by Germany, Italy, and Slovenia. According to Eurostat, Croatia has the highest quantity of water resources per capita in the EU (30,000 m 3).
  
  As a result of the war, economic infrastructure sustained massive damage, particularly the tourism industry. From 1989 to 1993, the GDP fell 40.5%. The Croatian state still controls significant economic sectors, with government expenditures accounting for 40% of GDP. A particular concern is a backlogged judiciary system, with inefficient public administration and corruption, upending land ownership. In the 2022 Corruption Perceptions Index, published by Transparency International, the country ranked 57th. At the end of June 2020, the national debt stood at 85.3% of GDP.