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Croatia Overview

Croatia, with its stunning coastline, preserved old towns and pristine beaches, is a tourist’s dream. Emerging as an independent state at the collapse of the USSR, it has liberalized rapidly and is today experiencing steady growth. Indeed, Croatia boasts a high quality of life, with low crime and pollution, excellent healthcare and an enviable climate contributing towards its attractiveness as a second residency option.
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Croatia is in Central/South-Eastern Europe, bordering Hungary, Slovenia, Bosnia and Herzegovina, Hungary, Serbia, and Montenegro. Croatia has a 1,800km coastline on the Adriatic Sea, a huge draw for the tourists who flock there every year. Croatia’s climate is predominantly a warm and rainy continental climate, with mean temperatures ranging from just under freezing to around 20°C. The coast tends to be sunnier and warmer, with in excess of 2,000 hours of sunshine a year.

Croatia has been inhabited by the Croat people for around 1,400 years. The vast majority of people in Croatia identify as Croats, with small minorities of Serbs and Bosniaks. Croatia was more-or-less part of Yugoslavia from 1918 until 1991, but Croatians retained a strong sense of national identity. A civil war was fought from 1991 and 1995 between Croatian government loyalists and the Yugoslav People’s Army. The conflict ended in victory for the new Croatian state.

Croatia began to liberalise its economy upon independence, but the Civil War damaged the country a great deal. The Croatian economy stabilised rapidly and experience significant expansion, until the Financial Crisis of 2007-8 greatly impacted economic growth. Although unemployment remains relatively high, GDP growth is rising steadily in recent years. The Real GDP growth rate stood at 2.9% in Q3 2016. Croatia has been a member of the WTO since 2000 and the EU since 2013. Croatia has a predominantly service-based economy and relies heavily on tourism. Industrial goods account for about 25% of GDP, while agriculture, forestry and fishing account for about 5%.

Croatia not only boasts the stunning Adriatic coastline with its picturesque islands and beautiful beaches, but also several important heritage and tourism sites including basilicas and churches, palaces, Roman ruins, national parks, and walled towns, including the famous walled city of Dubrovnik. Croatia is one of the most popular holiday destinations in Europe, and it is not hard to see why. With its increasing economic success and high quality of life, Croatia is fast becoming a sought-after destination for international investors too.

Croatia: Factsheet

  • Official Name: The Republic of Croatia
  • Geographic Location: Southern Central Europe/South-eastern Europe/Mediterranean
  • Capital: Zagreb
  • National Day: October 8th
  • Population: 4,190,700 (2016 estimate)
  • Population density: 75.8 people / km2
  • Major ethnic groups: Croat, Serb
  • Currency: Kuna
  • Religion: Catholic, Eastern Orthodox
  • Land area: 56,594 km2
  • Total GDP: $97.026,000,000 (2017 estimate)
  • Per capita GDP: $23,171 (2017 estimate)

Why Choose Croatia?

  • Low cost of living and low crime rates.
  • Universal health system with high-quality of care.
  • Membership of the European Union (EU).
  • Stunning 6,000km long coastline on the Adriatic Sea with beautiful beaches, coves and unspoilt islands. Several UNESCO-listed heritage sights including the beautiful walled city of Dubrovnik.
  • Excellent highway network, nine international airports with links to cities all over Europe, and several ports on the Adriatic.
  • Close proximity to countries such as Slovenia, Italy and Hungary.