Croatia's unemployment rate to fall to 17% in 2014 from 17.2% in 2013 - ILO

By bne IntelliNews January 21, 2014

Croatia's unemployment rate will fall to 17% in 2014 from 17.2% in 2013 as the domestic economy is expected to emerge from a five-year recession this year, the International Labour Organisation (ILO) said in the latest edition of its Global Employment Trends.

The ILO expects the jobless rate to decline further in the upcoming years - to 16.7% in 2015, 16.3% in 2016, 16% in 2017 and 15.7% in 2018.

The unemployment started climbing in 2009 to 9.1% from 2008's 8.4% and progressed quickly to 11.8% in 2010, 13.4% in 2011 and 15.8% in 2012 to reach the anticipated peak of over 17% last year.

Furthermore, Croatia's labour productivity growth will quicken to 1.7% in 2014 from last year's 1.3%, and speed up to 2.0% in 2015. It will accelerate to 2.4% in 2016, 2.5% in 2017 and 2.6% in 2018.

Latest data from the country's statistics office showed that the registered unemployment rate in the country rose to 21.1% in November 2013 from 20.4% a year earlier and 20.3% in October 2013.

Related Articles

OTP’s Croatian subsidiary to buy Splitska Banka

The Croatian subsidiary of Hungary’s OTP Bank has signed an agreement to buy Splitska Banka, owned by the French Société Générale Group, OTP announced on December 21. Hungary’s largest ... more

Telekom Austria’s Vipnet acquires controlling stake in Croatian Metronet

Telekom Austria Group’s Croatian unit Vipnet has agreed to acquire a controlling stake in ... more

Belgrade Stock Exchange joins SEE Link platform

The Belgrade Stock Exchange (BELEX) has become an active member of the regional SEE Link network, SEE Link announced on December 5. SEE Link is a project started by the Bulgarian, Macedonian and ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss