Croatian economy has undergone a significant transformation since 1990s. Once known for its industrial production, today's Croatia is known in the world for service activities, mainly related to tourism, which takes more than 10% of BDP. Other significant economic branches are shipbuilding, agriculture, and the IT industry.
No one could imagine 20 years ago that Croatian cities will be so popular as they are today.
If you randomly select 100 people across Europe, chances are that all of them heard about Dubrovnik, the setting of a famous series Game of Thrones. Today, Dubrovnik is the destination of all European and world tourist plans.
The capital of Croatia, Zagreb, is not famous only by its architecture, but also by hosting one of the most famous Christmas markets in Europe.
The local population by the sea has recognized the value of tourism, and many have invested in the construction of apartments for rent to foreign tourists.
Shipbuilding in Croatia
Once famous in the world for its shipyards, Croatia still builds hundreds of top quality ships for domestic and foreign clients. However, it must be acknowledged that the role of Croatian shipbuilding in the global context has diminished due to the strengthening of the Asian economies.
Traditionally, Split and Rijeka are famous Croatian shipyards.
Agriculture in Croatia
Agriculture is one of the branches with a prediction of bright future in Croatia. Croatian products are known for their originality and quality all over the world. I would single out Dalmatian prosciutto, Istrian olive oil, and Babić wine from Primošten as examples of autochthonous Croatian products.
The problem that Croatian agriculture is facing is low production, which arises from a huge number of small producers. They are supposed to unite in order to become relevant on the global scale.
IT industry in Croatia
IT has gained attention in Croatia over the last ten years. A large number of small IT companies and agencies have been created in that period. Most of them are working for foreign clients, predominately American or European.
Many people have been educated for the software engineering profession, thus creating a significant market which has a high potential for the future.
As the most modern Croatian product, I would single out an electric car made by company Rimac from Sveta Nedjelja.