Unemployment Rate Evolution in Croatia from 1991 to 2023

Unemployment Rate Evolution in Croatia from 1991 to 2023

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TGM StatBox. (2024). Unemployment Rate Evolution in Croatia from 1991 to 2023. TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Croatia
Published date: 2024
Note: The Unemployment Rate, as defined by World Development Indicators, is the percentage of the labor force that is without work but is actively seeking employment and available to start work.
Key Takeaways
Croatia’s unemployment rate reflects its transition from a war-impacted economy in the 1990s to a stable member of the European Union. Starting high at 11.1% in 1991, Croatia faced elevated unemployment rates due to the economic disruptions from the Croatian War of Independence. The situation worsened through the late 1990s, with unemployment peaking at 16.1% in 2000 as the country rebuilt its economy.

The 2008 financial crisis led to a new wave of job losses, reaching 17.3% in 2013–2014. However, with economic reforms and Croatia’s accession to the EU in 2013, unemployment gradually decreased. By 2019, the rate had reached a low of 6.6%. Despite a slight increase to 7.5% in 2020 due to the pandemic, Croatia’s unemployment rate resumed its decline, standing at 6.1% in 2023.

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