EIB investment survey 2024 : Croatia overview.
Date: 2025-02-17
Institutions: European Investment Bank
Subjects: Croatia, aid to undertakings, corporate finance, data collection, investment abroad, investment policy, large business, loan, sample survey, small and medium-sized enterprises

EIB INVESTMENT SURVEY 2024

CROATIA

OVERVIEW

  
EIB INVESTMENT SURVEY 2024

CROATIA

OVERVIEW

EIB Investment Survey Country Overview 2024: Croatia 

© European Investment Bank, 2025. 
All rights reserved. 
All questions on rights and licensing should be addressed to publications@eib.org. 

European Investment Bank 
98 -100, boulevard Konrad Adenauer 
L-2950 Luxembourg

About the EIB Economics Department 
The mission of the EIB Economics Department is to provide economic analyses and studies to support the Bank in its operations and 
in the definition of its positioning, strategy, and policy. The department and its team of economists is headed by Debora Revoltella, 
director of economics. 

About Ipsos Public Affairs 
Ipsos Public Affairs works closely with national governments, local public services and the not-for-profit sector, as well as international 
and supranational organisations. Its around 300 research staff in London and Brussels focus on public service and policy issues. Its 
research makes a difference for decision-makers and communities. 

Disclaimer 
The  views  expressed  in  this  publication  are  those  of  the  authors  and  do  not  necessarily  reflect  the  position  of  the  European 
Investment Bank. 

For further information on the EIB’s activities, please consult our website, www.eib.org.  
You can also contact our InfoDesk, info@eib.org. 

Published by the European Investment Bank. 

Printed on FSC® paper. 

pdf:  QH-BL-24-007-EN-N 

ISBN  978-92-861-5800-1 

ISSN  2599-8005 

doi: 10.2867/535888 

Table of Contents 
EIBIS 2024 – Croatia overview ............................................................................................ 1 

Investment dynamics and focus ......................................................................................... 3 

Investment needs and priorities ........................................................................................ 6 

International trade ............................................................................................................ 8 

Climate change and energy efficiency .............................................................................. 10 

Innovation activities ........................................................................................................ 15 

Investment barriers ......................................................................................................... 17 

Room for streamlining, and for strengthening the single market ...................................... 18 

Access to finance ............................................................................................................. 19 

Gender equality in business ............................................................................................. 23 

EIBIS 2024: Country technical details ............................................................................... 24 

 
 
 
 
About the EIB Investment Survey 

The EIB Group Investment Survey (EIBIS), conducted annually since 2016, is a unique survey of approximately 13 000 
firms across all European Union Member States, with an additional sample from the United States. 

The survey collects data on firm characteristics and performance, past investment activities and future plans, sources 
of finance, financing issues and other challenges, such as climate change and digital transformation. The EIBIS uses a 
stratified sampling methodology and is representative across all 27 EU Member States and the United States, as well as 
across  four  categories  of  firm  size  (micro  to  large)  and  four  main  economic  sectors  (manufacturing,  construction, 
services and infrastructure). The survey is designed to build a panel of observations, supporting the analysis of time-
series  data.  Observations  can  also  be  linked  back  to  data  on  firm  balance  sheets  and  profit  and  loss  statements. 
Developed and managed by the EIB Economics Department, the survey is conducted with support from Ipsos. 

About this publication 

The reports resulting from EIBIS provide an overview of data collected for the 27 EU Member States and the United 
States. They are intended to provide a snapshot of the data. For the purpose of these publications, data are weighted 
by value added to better reflect the contribution of different firms to economic output. Contact: eibis@eib.org. 

The EIBIS 2024 overview presents the results of the survey run in 2024. Questions in the survey might point to “last 
financial year” (2023) or “expectations for the current year” (2024). The text and the footnote referring to the question 
will specify in each case which year is considered. 

Due to rounding, charts may not add up to 100%. 

Download the findings of the EIB Investment Survey for each EU country and explore the data portal at 
www.eib.org/eibis. 

Main contributors to this publication 

Rozália Pál 
Marine André 
Julie Delanote 
Ea Dumančić 
Peter Harasztosi

 
EIBIS 2024 – Croatia overview 

Key results 

Investment dynamics, needs and priorities 

The share of Croatian firms investing (90%) is broadly similar to EIBIS 2023 and remains in line with the EU average 
(87%). The share of Croatian firms expecting to increase rather than decrease investment has also remained steady (net 
balance of 21% in EIBIS 2023 and EIBIS 2024). Croatian firms are, on balance, positive about the outlook, with more 
firms expecting an improvement rather than a deterioration in the next 12 months. Croatian firms are notably more 
positive than EU firms overall about the political or regulatory climate and the economic climate. 

Most Croatian firms are satisfied  with their overall investment level over the past three years (78%). However,  18% 
report an investment gap, similar to the EU average (14%). Croatian firms are increasingly focused on investment in 
replacing  capacity.  In  the  last  financial  year,  the  share  of  Croatian  firms’  investment  dedicated  to  replacement  has 
increased (56% up from 44% in EIBIS 2023), while the share of investment in capacity expansion has decreased. Firms 
in Croatia dedicate an average of 20% of their investment to intangible assets. 

Looking ahead to the next three years, Croatian firms plan to prioritise investment in replacing capacity (45% of firms), 
more so than the EU average (36%), while they are less likely to prioritise investment in new products or services than 
EU firms overall (15% vs. 25%). 

Global value chains, climate change and innovation 

Compared to EU firms overall, Croatian firms are more integrated into global trade (73% vs. 63%). Trade disruptions 
have declined slightly for both Croatian and EU firms overall since the start of 2023, and compared to the EU as a whole, 
Croatian firms express less concerns about all the measures asked about. In response to trade shocks, Croatian firms 
are more likely to have invested in digital inventory and inputs tracking (27% vs. 20% of EU firms). 

Croatian firms are less likely than EU firms overall to have already invested in mitigating climate change impacts, but 
similar shares of Croatian and EU firms overall are planning to do so in the next three years. One in five Croatian firms 
(21%) consider the transition to stricter climate standards and regulations as a risk over the next five years, lower than 
the EU average (34%), while 28% see it as an opportunity, in line with EU firms overall (27%). Most Croatian firms (87%) 
have  taken  measures  to  reduce  greenhouse  gas  emissions,  in  line  with  the  EU  average  (91%).  Investment  in  waste 
minimisation and recycling is the most common strategy adopted. Two thirds of Croatian firms (68%) report they have 
been impacted by the physical risk of climate change (either as a major or minor impact). However, compared to EU 
firms, Croatian firms are about half as likely to have an adaptation strategy for physical risks (12% vs. 22% of EU firms). 
As the impact of physical climate risks increases, the lack of focus on having an adaptation strategy for physical risks is 
a concern.  

Innovation  and  digitalisation  are  a  key  source  of  firms’  competitiveness.  Three  in  ten  Croatian  firms  (29%)  report 
innovation activity in the last financial year, in line with the EU average (32%), but Croatian firms are behind the EU 
average in the adoption of advanced digital technologies (62% versus 74% respectively).  

Investment barriers  

The business environment remains a concern for firms in Croatia, as it does across the EU. The availability of skilled staff, 
uncertainty about the  future and energy costs  remain the top three investment barriers, although concerns around 
energy costs has fallen since last year’s EIBIS findings. Croatian firms are more concerned about the availability of skilled 
staff than EU firms overall. 

Looking into regulatory issues and the functioning of the EU single market sheds some new light on the fragmentation 
of the EU single market. Firms were asked whether their key product is subject to differentiated regulatory requirements 
and standards (e.g., consumer protection, health and safety standards, environmental standards for products) across 
EU countries. More than eight in ten Croatian exporters (84%) report having to comply with different standards and 
consumer protection rules across EU countries, above the EU average (60%). The survey also asked firms to estimate 
the  number  of  employees  dedicated  to  dealing  with  compliance  to  regulatory  requirements  and  standards.  Three-
quarters (74%) of Croatian firms employ staff to deal with regulatory compliance, below the EU average (86%).  

EIBIS 2024 – Croatia overview | 1 

 
 
Access to finance 

In the last financial year, Croatian firms have been using internal finance most commonly, and the share of firms happy 
to rely on internal finance has fallen (7% down from 17% in EIBIS 2023). The share of finance-constrained Croatian firms 
(7.3%) has declined and is in line with the EU average (6.8%).  

More than half of Croatian firms (56%) relied on external finance in the last financial year, above the EU average (42%). 
Bank financing is the most common source of external funding in the last financial year, though less so among Croatian 
firms than EU firms overall. Three in ten Croatian firms (28%) using external finance have bank loans on concessional 
terms, in line with the EU average (27%). 

Gender equality in business 

Compared to EU firms, Croatia has a higher share of firms with 40% or more women in senior management (41% vs. 
23%). Similar shares of Croatian and EU firms have 50% or more of company owners being women (14% and 13%). The 
services sector stands out, with more than half of  services  firms  in Croatia  having a high share of women in senior 
management. 

2 | EIBIS 2024 – Croatia overview 

 
 
Investment dynamics and focus 

Investment dynamics by institutional sector  

Investment  rebounded  above  the  pre-pandemic  levels,  mainly  as  a  result  of  a  fast  recovery  in  private  sector 
investment. Total investment got a positive boost from public investments starting the second half of 2023, while during 
2024 private investments were the main driver. 

Evolution  of  total  gross  fixed  capital  formation  (in  real  terms,  non-seasonally  and  non-calendar  adjusted),  by 
institutional sector 

30%

25%

20%

15%

10%

5%

0%

-5%

-10%

-15%

1
Q
0
2
0
2

2
Q
0
2
0
2

3
Q
0
2
0
2

4
Q
0
2
0
2

1
Q
1
2
0
2

2
Q
1
2
0
2

3
Q
1
2
0
2

4
Q
1
2
0
2

1
Q
2
2
0
2

2
Q
2
2
0
2

3
Q
2
2
0
2

4
Q
2
2
0
2

1
Q
3
2
0
2

2
Q
3
2
0
2

3
Q
3
2
0
2

4
Q
3
2
0
2

1
Q
4
2
0
2

2
Q
4
2
0
2

Government

Private

Total

Year-on-year growth of total gross fixed capital formation (in real terms), by institutional sector 

25%

20%

15%

10%

5%

0%

-5%

-10%

-15%

1
Q
2
2
0
2

2
Q
2
2
0
2

3
Q
2
2
0
2

4
Q
2
2
0
2

1
Q
3
2
0
2

Government

2
Q
3
2
0
2

Private

3
Q
3
2
0
2

4
Q
3
2
0
2

1
Q
4
2
0
2

2
Q
4
2
0
2

Total

The graph at the top shows the evolution of total gross fixed capital formation (in real terms, non-seasonally and non-calendar adjusted), by institutional sector. The 
nominal GFCF source data are transformed into four-quarter sums, deflated using the implicit deflator for total GFCF (2015 = €100). The four-quarter sum of total GFCF 
in the fourth quarter of 2019 is normalised to 0. 
Source: Eurostat. 

The graph at the bottom shows the year-on-year growth of total gross fixed capital formation (in real terms), by institutional sector. The data are deflated using the 
implicit deflator for total GFCF. 
Source: Eurostat. 

Investment dynamics and focus | 3 

 
 
 
 
 
 
 
 
Investment dynamics and focus 

Investment cycle and evolution of investment expectations 

The share of Croatian firms investing (90%) is broadly similar to 2023, and remains in line with the EU average (87%). 
The share of Croatian firms expecting to increase rather than decrease investment has also remained steady (21% in 
2023 and 2024) and is higher than  the EU average (7%). Large firms are  the  most likely to have invested and to be 
planning to increase rather than decrease their investment. 

Low investment expanding

High investment expanding

e
s
a
e
r
c
e
d
/
e
s
a
e
r
c
n

i

o
t
g
n
i
t
c
e
p
x
e
s

m

r
i
F

)

%
e
c
n
a

l

a
b
t
e
n
(
4
2
0
2
n

i

t
n
e
m

t
s
e
v
n

i

40%

30%

20%

10%

0%

-10%

-20%

HR 2022

HR 2023

Construction

Manufacturing

Infrastructure

Large

Services

HR 2024

EU 2023

EU 2024

HR 2021
SME

70%

75%
Low investment contracting

80%

85%

90%

95%

100%

High investment contracting

% of firms investing

HR 2020

Share of firms investing shows the percentage of firms with investment per employee greater than €500.  

Base for share of firms investing: all firms (excluding don’t know/refused responses). 
Base for expected and realised change: all firms. 

Expected and realised investment changes over time: 

Realised  change  in  last  financial 
year (net balance %) 
Expected  change  in  current  financial 
year (net balance %) 

HR 

2019
29%

18%

2020

-6%

-17%

2021

18%

17%

2022
31%

30%

2023

16%

21%

“Realised change” is the share of firms that invested more, minus those that invested less.  
“Expected change” is the share of firms that expect(ed) to invest more, minus those that expect(ed) to invest less. 

Expectation for
2024 relative to
2023

21%

4 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment dynamics and focus 

Purpose of investment in last financial year  

Croatian  firms  are  increasingly  focused  on  replacement.  In  the  last  financial  year,  the  share  of  Croatian  firms’ 
investment dedicated to replacement has increased (56% up from 44% in EIBIS 2023), while the share of investment in 
capacity expansion has decreased. 

Capacity expansion

Replacement

New products/services

Other

t
n
e
m

t
s
e
v
n

i

'
s

m

r
i
f

f
o
%

13

52

26

13

11

44

32

11

56

24

14

12

53

21

12

58

24

13

58

23

15

10

48

27

57

28

64

21

EU 2024

HR 2023

HR 2024 Manufacturing Construction

Services

Infrastructure

SME

Large

Please note: Sector and firm size show HR data only. 

Q. What proportion of total investment was for (a) developing or introducing new products, processes or services; (b) replaci ng capacity (including existing 
buildings, machinery, equipment and IT); (c) expanding capacity for existing products/services? 
Base: All firms that invested in the last financial year (excluding don’t know/ refused responses).  

Investment areas  

Firms in Croatia report an average of 20% of their investment in intangible assets for the last financial year.  SMEs 
report a greater investment focus on software, data, IT and website activities than large firms. 

Land, business buildings and infrastructure
Research and development
Training of employees

Machinery and equipment
Software, data, IT and website activities
Organisation/business processes

10

13

48

14

e
r
a
h
s

t
n
e
m

t
s
e
v
n

i

e
g
a
r
e
v
A

10

50

29

52

28

58

23

66

28

10

35

38

58

23

10

53

23

51

33

EU 2024

HR 2023

HR 2024 Manufacturing Construction

Services

Infrastructure

SME

Large

Please note: Sector and firm size show HR data only. 

Q. In the last financial year, how much did your business invest in each of the following with the intention of maintaining o r increasing your company’s future 
earnings? 
Base: All firms that invested in the last financial year (excluding don’t know/ refused responses).  
Note: Tangible assets are land and machinery; intangible assets are research and development, software, data, IT and website activities, training of employees 
and organisation/business processes. 

Investment dynamics and focus | 5 

 
 
 
 
 
 
 
 
Investment needs and priorities 

Perceived investment gap 

Most Croatian firms are satisfied with their overall investment level over the past three years. However, 18% report 
an investment gap, similar to the EU average (14%). 

Invested too little

Invested about the right amount

Invested too much

Don't know/refused

s

m

r
i
f

f
o
%

80

14

78

21

78

18

74

22

87

86

71

77

10

11

24

20

78

17

EU 2024

HR 2023

HR 2024 Manufacturing Construction

Services

Infrastructure

SME

Large

Please note: Sector and firm size show HR data only. 

Q. Looking back at your investment over the last three years, was it too much, too little, or about the right amount to ensure the success of your business going 
forward? 
Base: All firms (excluding response “Company didn’t exist three years ago”). 

Future investment priorities 

Looking ahead to the next three years, Croatian firms expect to prioritise investment in replacement (45%), more so 
than EU firms (36%). Croatian firms are less likely to prioritise new products or services than EU firms overall (15% vs. 
25%). 

Capacity expansion

Replacement

New products/services

No investment planned

s

m

r
i
f

f
o
%

12

25

36

26

20

35

39

10

15

45

31

11

13

40

37

42

40

16

16

38

30

17

56

23

11

17

39

34

13

51

28

EU 2024

HR 2023

HR 2024 Manufacturing Construction

Services

Infrastructure

SME

Large

Please note: Sector and firm size show HR data only. 

Q. Looking ahead to the next three years, which of the following is your investment priority: (a) developing or introducing new products, processes and services; 
(b)  replacing  capacity  (including  existing  buildings,  machinery,  equipment  and  IT);  (c)  expanding  capacity  for  existing  products/services;  (d)  no  investment 
planned? 
Base: All firms (excluding don’t know/refused responses). 

6 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
 
 
 
Investment needs and priorities 

Short-term drivers and constraints (net balance) 

Croatian firms are, on balance, positive about all measures, with more firms expecting an improvement rather than 
a deterioration in the next 12 months. Croatian firms are notably more positive than EU firms overall about the political 
or regulatory climate and the economic climate.  

HR net balance*

EU net balance*

80%
60%
40%
20%
0%
-20%
-40%
-60%
-80%

7
1
0
2

8
1
0
2

9
1
0
2

0
2
0
2

1
2
0
2

2
2
0
2

3
2
0
2

4
2
0
2

7
1
0
2

8
1
0
2

9
1
0
2

0
2
0
2

1
2
0
2

2
2
0
2

3
2
0
2

4
2
0
2

7
1
0
2

8
1
0
2

9
1
0
2

0
2
0
2

1
2
0
2

2
2
0
2

3
2
0
2

4
2
0
2

7
1
0
2

8
1
0
2

9
1
0
2

0
2
0
2

1
2
0
2

2
2
0
2

3
2
0
2

4
2
0
2

7
1
0
2

8
1
0
2

9
1
0
2

0
2
0
2

1
2
0
2

2
2
0
2

3
2
0
2

4
2
0
2

Political or
regulatory climate

Economic
climate

Business prospects
in the sector

Availability of
external finance

Availability of
internal finance

% of firms (net balance)

Q. Do you think that each of the following will improve, stay the same, or get worse over the next 12 months? 
Base: All firms 
* Net balance is the share of firms expecting an improvement minus the share of firms anticipating a deterioration. Negative values thus imply that more firms 
expect a deterioration than an improvement. 

Short-term drivers and constraints by sector and firm size (net balance) 

Firms in almost all sectors and size categories has positive business outlook, with just few exceptions.  Construction 
firms are, on balance, pessimistic about the economic climate and especially the political or regulatory climate. SMEs 
are also, on balance, pessimistic about the political or regulatory climate. 

Political or regulatory climate

Economic climate

Business prospects

External finance

Internal finance

HR

Manufacturing

Construction

Services

Infrastructure

SME

Large

2%

6%

18%

4%

4%

2%

7%

7%

3%

1%

18%

2%

3%

10%

14%

8%

6%

33%

3%

11%

17%

% of firms (net balance)

13%

10%

13%

11%

19%

8%

19%

15%

17%

26%

17%

8%

25%

5%

Please note: Green figures represent a positive net balance, while red figures represent a negative net balance. Sector and firm size show HR data only. 

Q. Do you think that each of the following will improve, stay the same, or get worse over the next 12 months? 
Base: All firms. 

Investment needs and priorities | 7 

 
 
 
 
International trade 

Engagement in international trade 

More Croatian firms engage in international trade (either within the EU or outside the EU) compared to EU firms 
overall (73% vs. 63%). The highest share is among manufacturing firms, as almost all of them engage in international 
trade. 

Imported and exported

Only imported

Only exported

Neither

s

m

r
i
f

f
o
%

37

12

12

39

29

13

50

27

11

15

47

11

82

16

10

28

46

57

28

31

11

18

39

23

11

12

54

51

13

27

EU 2024

HR 2023

HR 2024 Manufacturing Construction

Services

Infrastructure

SME

Large

Please note: Sector and firm size show HR data only. 

Q. In 2023, did your company export or import goods and/or services? 
Base: All firms (excluding don’t know/refused responses). 

Obstacles related to international trade 

Trade disruptions have declined slightly for both Croatian and EU firms since the start of 2023. Compared to last year’s 
findings, Croatian firms are less likely to report access to commodities or raw materials, access to other components, 
semi-finished products, services or equipment, and disruptions of logistics and transport as barriers. Compared to EU 
firms overall, Croatian firms express less concern about all the measures asked about. 

EU - major obstacle

HR - major obstacle

EU - minor obstacle

HR - minor obstacle

EU 2023

HR 2023

s

m

r
i
f

f
o
%

26

14

EU

23

HR

16

EU

13

HR

29

EU

25

HR

Access to
commodities or raw
materials

Access to
semiconductors and
microchips

Access to other
components, semi-
finished products,
services or
equipment

31

17

EU

30

10

HR

32

18

EU

36

HR

31

11

EU

22

HR

Disruptions of
logistics and
transport

Compliance with
new regulations,
standards or
certifications

Recent changes in
customs and tariffs*

Q. Since the beginning of 2023, were any of the following an obstacle to your business’s activities? 
Base: All firms (excluding don’t know/refused responses). 
*Base: All importers and exporters (excluding don’t know/refused responses). 

8 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
 
 
International trade 

Change in sourcing strategy 

While Croatian and EU firms have adopted similar overall strategies in response to trade shocks, Croatian firms are 
more likely to have invested in digital inventory and inputs tracking (27% vs. 20% of EU firms). 

s

m

r
i
f

f
o
%

s

m

r
i
f

f
o
%

20

EU

16

HR

20

EU

27

HR

7

EU

9

HR

Increasing stocks and
inventory

Investing in digital inventory
and inputs tracking

Reducing the share of
imported goods or services *

19

EU

18

HR

Diversifying or increasing the
number of countries you
import from *

Q. Since the beginning of 2023, has your company made any of the following changes to your sourcing strategy, or are you plan ning to make any of these 

changes this year? 

Base: All firms (excluding don’t know/refused responses). 
* Base: All firms that import (excluding don’t know/refused responses). 

International trade | 9 

 
 
 
 
 
 
 
Climate change and energy efficiency 

Impact of climate change — physical risk 

Two thirds of Croatian firms (68%) report they have been impacted by the physical risk of climate change (either as a 
major or minor impact), in line with last year’s findings (63%) and the EU average (66%). Large firms are most likely to 
report an impact, while infrastructure firms are most likely to report a major impact. 

A major impact

A minor impact

No impact at all

s

m

r
i
f

f
o
%

34

46

20

37

43

19

32

46

22

29

54

17

30

48

22

36

49

15

31

36

33

38

45

17

25

48

27

EU 2024

HR 2023

HR 2024 Manufacturing Construction

Services

Infrastructure

SME

Large

Please note: Sector and firm size show HR data only. 

Q.  Thinking  about  the impact  of  climate  change on your company, such  as  losses  due  to  extreme  climate  events,  including droug hts,  flooding,  wildfires  or 
storms, or changes in weather patterns due to progressively increasing temperatures and rainfall. What is the impact, also called physical risk, of this on your 
company? 
Base: All firms (excluding don’t know/refused responses). 

Building resilience to physical risk  

Four in ten Croatian firms are taking action to adapt to climate change, consistent with EU firms. Compared to EU 
firms, Croatian firms are about half as likely to have an adaptation strategy for physical risks (12% vs. 22% of EU firms). 

Any action
Investment in solutions to avoid/reduce exposure to physical risks

Adaptation strategy for physical risks
Buying or renewing insurance products to offset climate-related losses

s

m

r
i
f

f
o
%

48

29

22

21

41

37

24

21

12

EU 2024

HR 2024

22

18

10

SME

47

31

19

15

Large

Please note: Firm size show HR data only. 

Q. Has your company developed or invested in any of the following measures to build resilience to the physical risks of clima te change? 
Base: All firms (excluding don’t know/refused responses). 

10 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
 
 
 
 
 
Climate change and energy efficiency 

Risks associated with the transition to a net zero emission economy over 
the next five years 

One in five Croatian firms (21%) consider the transition to stricter climate standards and regulations as a risk over the 
next five years, lower than the EU average (34%), while 28% see it as an opportunity, in line with EU firms overall 
(27%). Construction and infrastructure firms are most likely to consider the transition as a risk. 

A risk

No impact

An opportunity

s

m

r
i
f

f
o
%

27

39

34

26

52

22

28

50

21

42

45

13

14

48

39

29

59

12

21

46

33

21

57

22

36

43

21

EU 2024

HR 2023

HR 2024 Manufacturing Construction

Services

Infrastructure

SME

Large

Please note: Sector and firm size show HR data only. 

Q. Thinking about your company, what impact do you expect this transition to stricter climate standards and regulations will have on your company over the 
next five years? 
Base: All firms (excluding don’t know/refused responses). 

Measures to reduce greenhouse gas emissions 

Most Croatian and EU firms have taken measures to reduce greenhouse gas emissions. Investing in waste minimisation 
and  recycling  is  the  most  common  strategy  adopted.  Croatian  firms  are  less  likely  to  have  invested  in  sustainable 
transport options than EU firms overall, but otherwise the shares of Croatian and EU firms taking action is similar. 

91

87

s

m

r
i
f

f
o
%

EU

HR

Any action

65

60

EU

HR

Investing in energy efficiency

42

EU

42

HR

Investing in new, less
polluting, business areas and
technologies

74

72

49

52

HR

EU

HR

EU

43

EU

35

HR

Onsite/offsite renewable
energy generation

Waste minimisation and
recycling

Sustainable transport options

Q. Has your company invested in or implemented the following, to reduce greenhouse gas (GHG) emissions? 
Base: All firms (excluding don’t know/refused responses). 

Climate change and energy efficiency | 11 

 
 
 
 
 
 
 
 
Climate change and energy efficiency 

Share of firms investing in measures to improve energy efficiency 

Half (52%) of Croatian firms report investing in energy efficiency in the last financial year, in line with the EU average. 
Large firms are more likely to have done so than SMEs. 

2024

2023

e
v
o
r
p
m

i

o
t

s
e
r
u
s
a
e
m
n

i

g
n
i
t
s
e
v
n

i

s

m

r
i
f

f
o
%

y
c
n
e

i
c
i
f
f
e
y
g
r
e
n
e

50
EU

52
HR

66
Manufacturing

42
Construction

40
Services

54
Infrastructure

39
SME

66
Large

Please note: Sector and firm size show HR data only. Derived indicator based on the number of firms that reported a percentage above 0% for the amount 
they invested in the last financial year to improve energy efficiency. 

Q. What proportion of the total investment in the last financial year was primarily for measures to improve energy efficiency  in your organisation?  
Base: All firms. 

Share of investment in measures to improve energy efficiency  

Croatian firms dedicated 13% of total investment to energy efficiency in the last financial year, similar to last year’s 
EIBIS findings and the EU average.  

2024

2023

t
n
e
m

t
s
e
v
n

i

s

m

r
i
f

f
o
%

12
EU

13
HR

22
Manufacturing

7
Construction

8
Services

11
Infrastructure

11
SME

16
Large

Please note: Sector and firm size show HR data only. 

Q. What proportion of the total investment in the last financial year was primarily for measures to improve energy efficiency in your organisation? 
Base: All firms that invested in the last financial year (excluding don’t know/refused responses). 

12 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Climate change and energy efficiency 

Targets for own greenhouse gas emissions  

One third (34%) of Croatian firms set and monitor targets for internal greenhouse-gas emissions, similar to last year’s 
findings and below the EU average.  Large firms are more than twice as likely to set and monitor these targets than 
SMEs. 

2024

2023

s

m

r
i
f

f
o
%

47
EU

34
HR

42
Manufacturing

14
Construction

23
Services

44
Infrastructure

21
SME

48
Large

Please note: Sector and firm size show HR data only. 

Q. Does your company set and monitor targets for its own greenhouse gas (GHG) emissions? 
Base: All firms (excluding don’t know/refused responses). 

Energy audit 

Seven in ten Croatian firms (69%) have conducted energy audits in the past three years, above the EU average. Large 
firms are more likely to have conducted energy audits in the last three years than SMEs. 

2024

2023

s

m

r
i
f

f
o
%

52
EU

69
HR

85
Manufacturing

36
Construction

70
Services

63
Infrastructure

53
SME

85
Large

Please note: Sector and firm size show HR data only. 

Q. In the past three years, has your company had an energy audit? By this I mean an assessment of the energy needs and efficiency of your company’s building 
or buildings. 

Base: All firms (excluding don’t know/refused responses). 

Climate change and energy efficiency | 13 

 
 
 
 
 
 
 
 
 
Climate change and energy efficiency 

Investment plans to deal with climate change impact 

Croatian firms are less likely than EU firms to have already invested in mitigating climate change impacts (49% vs. 
61%), but similar shares of Croatian and EU firms overall are planning to do so in the next three years (52% vs. 53%). 
Large firms are more likely than SMEs to have already invested and to be planning to invest in mitigating climate change 
impacts. 

HR 2023

HR 2022

HR 2024

Construction

SME

Services

Infrastructure

Large

EU 2024

Manufacturing

70%

60%

50%

40%

30%

20%

10%

0%

t
s
e
v
n

i

o
t
n
a
P

l

0%

10%

20%

30%

40%

50%

60%

70%

80%

Have already invested

Please note: Sector and firm size show HR data only. 

Q. Which of the following applies to your company regarding investments to tackle the impacts of weather events and to help reduce carbon emissions?  
(a) Before this year the company had already made such investments; (b) The company is investing this year; (c) The company intends to invest over the next 
three years; (d) The company has no investment planned for the next three years. 
Base: All firms (excluding don’t know/refused responses). 

14 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
Innovation activities 

Innovation activities 

Three in ten Croatian firms (29%) report  innovation activity in the last financial year, in line with the EU average 
(32%). Manufacturing firms are the most likely to report innovation activity, both innovation that is new to the firm and 
new to the country or the global market. 

No innovation

New to the firm

New to the country/global market

EU 2024

HR 2023

HR 2024

Manufacturing

Construction

Services

Infrastructure

SME

Large

68

64

71

56

81

79

73

76

65

23

25

23

29

11

15

19

18

23

18

28

Please note: Sector and firm size show HR data only. 

% of firms

Q. What proportion of total investment in the last financial year was for developing or introducing new products, processes o r services?                                                                                                                           
Q. Were the products, processes or services new to the company, new to the country or new to the global market? 
Base: All firms (excluding don’t know/refused responses). 

Use of advanced digital technologies 

Six in ten Croatian firms (62%) use digital technologies, in line with last year’s findings (66%) and below the EU average 
(74%). Among different sectors, the use of digital technologies is highest among manufacturing firms, while large firms 
show a greater adoption rate than SMEs. 

Single technology

Multiple technologies

EU 2024

27

HR 2023

HR 2024

Manufacturing

Construction

Services

Infrastructure

SME

Large

34

28

25

38

28

28

28

28

47

32

34

45

17

25

37

20

% of firms

49

Please note: Sector and firm size show HR data only. 

Q. To what extent, if at all, are each of the following digital technologies used within your business? Please say if you do  not use the technology within your 
business. 
Reported shares group responses of  firms that “used” the technology, used it “in  parts of business” or had the “entire business organised around it.” Single 
technology refers to firms using one of the technologies surveyed for. Multiple technologies refers to firms using more than one of the technologies surveyed for. 
Base: All firms (excluding don’t know/refused responses). 

Innovation activities | 15 

 
 
 
Innovation activities 

Use of advanced digital technologies 

There are lower adoption rates for digital technologies by Croatian firms for most of the categories, except Internet 
of things and drones, for which rates are similar to EU firms.  

The technologies asked about differ by sector

s

m

r
i
f

f
o
%

44

44

EU

HR

34

EU

24

HR

24

EU

14

HR

15

EU

HR

EU

28

HR

53

53

45

26

EU

30

HR

Drones
* 3

EU

HR

Automation via
robotics
* 1

Internet of things
* 1,2,3,4

Big data/AI
* 1,2,4

3D printing
* 1,3,4

Augmented or
virtual reality
* 2,3

Digital platform
technologies
* 2,4

Sector: 1 = Asked to manufacturing firms, 2 = Asked to services firms, 3 = Asked to construction firms, 4 = Asked to infrastructure firms 

Q. To what extent, if at all, are each of the following digital technologies used within your business? Please say if you do  not use the technology within your 
business. 
Reported shares group the responses of firms that implemented the technology “in parts of business” or had the “entire business organised around it.” 
Base: All firms (excluding don’t know/refused responses). 

16 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
 
Investment barriers 

Obstacles to investment  

The  availability  of  skilled  staff,  uncertainty  about  the  future  and  energy  costs  remain  the  top  three  investment 
barriers, although concern around energy costs has fallen since last year’s findings. Croatian firms are more concerned 
about the availability of skilled staff than EU firms overall. 

EU - major obstacle
EU - minor obstacle
EU 2023

HR - major obstacle
HR - minor obstacle
HR 2023

s

m

r
i
f

f
o
%

26

23

36

8

29

61

26

51

31

46

38

37

EU

HR

EU

HR

EU

HR

29

13

EU

39

4

HR

35

26

EU

53

12

HR

Demand for
products or
services

Availability of
skilled staff

Energy
costs

Access to
digital
infrastructure

Labour
market
regulations

34

40

32

28

EU

HR

Business
regulations

35

44

57

25

38

9

28

17

30

13

HR

EU

HR

EU

HR

29

16

EU

Adequate
transport
infrastructure

Availability of
finance

Uncertainty
about the
future

Q. Thinking about your investment activities, to what extent is each of the following an obstacle? Is it a major obstacle, a  minor obstacle or not an obstacle at 
all? 
Base: All firms (data not shown for not an obstacle at all/don’t know/refused responses). 

Obstacles to investment, by sector and firm size 

Construction and services firms are least likely to cite energy costs as a barrier to investment, while SMEs are almost 
twice as likely to cite availability of finance as a barrier to investment compared to large firms. 

Demand 
for products 
or services

Availability of 
skilled staff

Energy 
costs

Digital 
infrastructure 

Labour 
regulations

Business 
regulations

Transport 
infrastructure

Availability 
of finance

Uncertainty 
about the future

HR

Manufacturing

Construction

Services

Infrastructure

SME

Large

45%

47%

44%

49%

39%

44%

45%

91%

90%

87%

88%

95%

91%

90%

75%

82%

64%

67%

80%

73%

77%

43%

41%

27%

49%

46%

44%

43%

65%

68%

64%

71%

57%

65%

65%

68%

73%

72%

74%

56%

70%

65%

% of firms

47%

61%

30%

47%

38%

45%

49%

43%

37%

45%

36%

53%

55%

30%

82%

89%

74%

76%

83%

79%

85%

Please note: Sector and firm size show HR data only. 

Q. Thinking about your investment activities, to what extent is each of the following an obstacle? Is it a major  obstacle, a minor obstacle or not an obstacle at 
all? 
Reported shares combine “minor” and “major” obstacles into one category.  
Base: All firms (data not shown for not an obstacle at all/don’t know/refused responses). 

Investment barriers | 17 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Room for streamlining, and for strengthening the 
single market 

Firms by share of staff employed to meet regulatory requirements 

Three quarters (74%) of Croatian firms employ staff to deal with regulatory compliance, below the EU average (86%). 
While large firms are more likely than SMEs to employ staff to deal with regulatory compliance, one in five SMEs (19%) 
employ more than 10% of their staff to assess and comply with regulation. 

More than 10%

Less than or equal to 10%

None

s

m

r
i
f

f
o
%

14

69

17

26

62

12

15

74

11

37

57

35

47

18

25

67

38

43

19

13

84

EU 2024

HR 2024

Manufacturing

Construction

Services

Infrastructure

SME

Large

Please note: Sector and firm size show HR data only. 

Q. How many staff does your company employ to assess and comply with mandatory or voluntary regulatory requirements and standards and to fulfil reporting 
requirements related to those? 
Base: All firms (excluding don’t know/refused responses). 

Main product or service subject to varying requirements and standards 
across countries 

The survey measures the fragmentation of the EU single market. More than eight in ten Croatian exporters (84%) 
report having to comply with different standards and consumer protection rules across EU countries. 

s

m

r
i
f

f
o

%

60
EU

84
HR

86
Manufacturing

60
Construction*

92
Services

75
Infrastructure

80
SME

88
Large

Please note: Sector and firm size show HR data only. 

Q. Does your main product or service have to comply with differentiated regulatory requirements, standards or consumer protec tion rules across EU member 
states? 
Base: All EU firms that export (excluding don’t know/refused responses). 
*Caution: base size is low, it is less than 30 observations. 

18 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
 
 
 
 
Access to finance 

Source of investment finance 

Most of the investment in Croatia was financed internally in the last financial year. Infrastructure firms report the 
highest share of external finance. 

External

Internal

Intra-group

e
r
a
h
s
e
c
n
a
n
i
f
e
g
a
r
e
v
A

66

71

25

26

70

29

81

18

69

31

73

24

57

43

72

26

67

32

EU 2024

HR 2023

HR 2024 Manufacturing Construction

Services

Infrastructure

SME

Large

Please note: Sector and firm size show HR data only. 

Q. Approximately, what proportion of your investment in the last financial year was financed by each of the following? 
Base: All firms that invested in the last financial year (excluding don’t know/refused responses). 

Use of external finance 

More than half of Croatian firms (56%) relied on external finance in the last financial year, above the EU average 
(42%). Infrastructure firms were the most likely to have used external finance (73%). 

2024

2023

s

m

r
i
f

f
o
%

42
EU

56
HR

41
Manufacturing

59
Construction

49
Services

73
Infrastructure

50
SME

61
Large

Please note: Sector and firm size show HR data only. 

Q. Approximately, what proportion of your investment in the last financial year was financed from each of the following? 
Base: All firms that invested in the last financial year (excluding don’t know/refused responses). 

Access to finance | 19 

 
 
 
 
 
 
 
 
 
Access to finance 

Use of bank finance and bank finance on concessional terms 

For  Croatian  firms  using  external  finance,  bank financing  is the  most  common  source (61%),  though  less so  than 
among EU firms (81%). Three in ten Croatian firms (28%) using external finance have bank loans on concessional terms, 
in line with the EU average (27%). 

Bank Finance

Bank Finance on concessional terms

s

m

r
i
f

f
o
%

47

53

27

81
EU

28

61
HR

15

22

30

27

76
Manufacturing

92
Construction*

75
Services

38
Infrastructure

65
SME

58
Large*

Please note: Sector and firm size show HR data only. 

Q. Which of the following types of external finance did you use for your investment activities in the last financial year? 
Q. Was any of the bank finance you received on concessional terms (e.g., subsidised interest rate, longer grace period to make debt payments)? 
Base: All firms using external finance (excluding don't know/refused responses). 
*Caution: base size is low, it is less than 30 observations. 

Firms with finance from grants or subsidies 

The share of Croatian firms utilising finance from grants or subsidies (37%) is more than twice as high as the EU 
average (16%). 

r
o
s
t
n
a
r
g
m
o
r
f
e
c
n
a
n
i
f

g
n
i
s
u
s

m

r
i
f

f
o
%

i

s
e
d
i
s
b
u
s

16
EU

37
HR

41
Manufacturing

24
Construction*

10
Services

55
Infrastructure

37
SME

37
Large*

Please note: Sector and firm size show HR data only. 

Q. Which of the following types of external finance did you use for your investment activities in the last financial year? 
Base: All firms using external finance (excluding don't know and refused responses). 
*Caution: base size is low, it is less than 30 observations. 

20 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
 
 
 
 
 
 
 
 
Access to finance 

Dissatisfaction with external finance received 

While the highest levels of dissatisfaction among Croatian firms is with the cost of finance (10%), this is much lower 
than the EU average (23%). 

Amount

HR

Types

2%

Cost

Types

10%

1%

4%

1%

Amount

4%

2%

6%

3%

EU

Cost

23%

Collateral

Maturity

Collateral

Maturity

% of firms 

% of firms 

Q. Thinking about all of the external finance you obtained for your investment activities, how satisfied or dissatisfied are you with …? 
Base: All firms that used external finance in the last financial year (excluding don’t know and refused responses).  

Dissatisfaction with external finance received, by sector and firm size 

Most of the firms are satisfied with the external finance that they received. Among manufacturing firms, one in five 
(19%) are dissatisfied with cost and one in eight (12%) are dissatisfied with collateral. 

Amount

Cost

Maturity

Collateral

Type

HR

Manufacturing

Construction*

Services

Infrastructure

SME

Large*

2%

0%

0%

7%

2%

5%

0%

10%

19%

6%

5%

9%

9%

10%

1%

2%

0%

2%

0%

2%

0%

% of firms

4%

12%

0%

2%

2%

6%

3%

1%

2%

0%

2%

1%

3%

0%

Please note: Sector and firm size show HR data only. 

Q. Thinking about all of the external finance you obtained for your investment activities, how satisfied or dissatisfied are  you with …? 
Base: All firms that used external finance in the last financial year (excluding don’t know/refused responses). 
*Caution: base size is low, it is less than 30 observations. 

Access to finance | 21 

 
 
 
 
 
 
Access to finance 

Share of finance-constrained firms 

The share of finance-constrained Croatian firms (7%) has declined since last year and is in line with the EU average 
(7%).  

Rejected

Received less

Too expensive

Discouraged

EU 2024

HR 2023

HR 2024

Manufacturing

Construction

Services

Infrastructure

SME

Large

3.4

5.6

4.6

5.3

2.7

3.8

5.2

7.6

1.5

1.7

1.5

0.3

5.0

0.3

0.5

1.3

1.1

0.3

3.0

0.2

1.6

3.0

1.2

0.5

0.4

0.4

1.5

% of finance-constrained firms

2.5

0.8

0.6

Base: All firms (excluding don’t know/refused responses). Please note: Sector and firm size show HR data only. 

5.0

4.9

5.6

4.7

6.2

6.1

6.8

7.3

7.8

6.7

11.4

10.3

11.4

7.3

2018

2019

2020

2021

2022

2023

2024

2018

2019

2020

2021

2022

2023

2024

Financing cross 

In the past year, the share of Croatian firms happy to rely on internal finance has fallen (7% down from 17% in EIBIS 
2023). SMEs are the most likely to be finance-constrained (11%). 

35%

30%

25%

20%

15%

10%

5%

0%

i

t
o
n
d
d
/
s
d
n
u
f

l

a
n
r
e
t
n

i

n
o
y
l
e
r
o
t
y
p
p
a
h
s

m

r
i
F

e
c
n
a
n
i
f
e
h
t
d
e
e
n

EU 2024

HR 2022

HR 2023

Large

HR 2024

Manufacturing

Services

SME

Construction

Infrastructure

0%

2%

4%

6%

8%

10%

12%

14%

% of firms that are external finance constrained

Please note: Sector and firm size show HR data only. Data derived from the financial constraint indicator and firms indicating that the main reason for not 
applying for external finance was “happy to use internal finance/didn’t need finance.” 

Base: All firms (excluding don’t know/refused responses). 

22 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gender equality in business 

Firms by share of women in senior roles 

Compared to EU firms, Croatia has a higher share of firms with 40% or more women in senior management (41% vs. 
23%).  Similar  shares  of  Croatian  and  EU  firms  have  50%  or more  of  company  owners  being  women  (14%  and  13% 
respectively). Within Croatia, the services sector stands out, with more than half of firms having a high share of women 
in senior management. 

20%

18%

16%

14%

12%

10%

8%

6%

4%

2%

0%

n
e
m
o
w
e
r
a
s
r
e
n
w
o
y
n
a
p
m
o
c
f
o
e
r
o
m

r
o
%
0
5

EU 2024

Construction

Large

Manufacturing
SME

HR 2024

Infrastructure

Services

0%

10%

20%

30%

40%

50%

60%

40% or more of your company's senior management are women

Please note: Sector and firm size show HR data only. 

Q.  Which  of  the  following,  if  any,  apply  to  your  company:  50%  or  more  of  your  company’s  owners  are  women;  40%  or  more  of  your  company’s  senior 
management are women? 
Base: All firms (excluding don’t know/refused responses) 

Gender equality in business | 23 

 
 
 
 
 
 
 
 
 
 
 
EIBIS 2024: Country technical details 

Sampling tolerances applicable to percentages at or near these levels  

The  final  database  is  based  on  a  sample  rather  than  the  entire  population  of  firms  in  the  European  Union,  so  the 
percentage results are subject to sampling tolerances. These vary with the size of the sample and the percentage figure 
concerned.  

U
E

R
H

g
n
i
r
u
t
c
a
f
u
n
a
M

n
o
i
t
c
u
r
t
s
n
o
C

s
e
c
i
v
r
e
S

e
r
u
t
c
u
r
t
s
a
r
f
n

I

E
M
S

e
g
r
a
L

R
H

.
s
v
U
E

.
s
v
f
u
n
a
M

r
t
s
n
o
C

.
s
v
E
M
S

e
g
r
a
L

(12 033) 

(482) 

(169) 

(66) 

(133) 

(108) 

(436) 

(46) 

(12 033 vs.    
482 

(66 vs.   
169) 

(436 vs.  
46) 

10% or 90% 

1.1% 

4.0% 

6.3% 

10.0% 

7.7% 

8.2% 

2.6% 

7.9% 

4.2% 

11.7% 

8.3% 

30% or 70% 

1.7% 

6.2% 

9.6% 

15.2% 

11.8% 

12.5% 

4.0% 

12.0% 

6.4% 

17.9% 

12.6% 

50% 

1.9% 

6.7% 

10.5% 

16.6% 

12.8% 

13.6% 

4.4% 

13.1% 

7.0% 

19.6% 

13.8% 

Glossary 

Construction sector 

Based on the NACE classification of economic activities: firms in group F (construction). 

Infrastructure sector 

Based on the NACE classification of economic activities: firms in groups D and E (utilities), group H (transportation and 
storage) and group J (information and communication). 

Investment 

A firm is considered to have invested if it spent more than €500 per employee on investment activities with the intention 
of maintaining or increasing the company’s future earnings.  

Investment cycle 

Based on the expected investment in the current financial year compared to the last one, and on the share of firms with 
investment greater than €500 per employee. 

Large firms 

Firms with at least 250 employees. 

Manufacturing sector 

Based on the NACE classification of economic activities: firms in group C (manufacturing). 

Services sector 

Based on the NACE classification of economic activities: firms in group G (wholesale and retail trade) and group I 
(accommodation and food services activities). 

SMEs 

Small and medium companies (firms with between five and 249 employees). 

24 | EIBIS 2024 – Croatia overview 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EIBIS 2024: Country technical details 

The country overview presents selected findings based on telephone interviews with 482 firms in Croatia (carried out 
between April and July 2024). 

BASE SIZES (*Charts with more than one base; due to limited space, only the lowest base is shown) 

 Base definition and page reference 
*Chart with multiple bases — due to limited space, only the lowest base is shown.  

4
2
0
2
U
E

3
2
0
2
/
4
2
0
2
R
H

g
n
i
r
u
t
c
a
f
u
n
a
M

n
o
i
t
c
u
r
t
s
n
o
C

s
e
c
i
v
r
e
S

e
r
u
t
c
u
r
t
s
a
r
f
n

I

s
E
M
S

s

m

r
i
f

e
g
r
a
L

All firms, p. 4 (bottom), p. 7 (top), p. 7 (bottom), p. 12 (top) 

12033 

482/498 

169 

66 

133 

108 

436 

46 

All firms (excluding don’t know/refused responses), p. 4 (top) 

11693 

475/491 

167 

66 

129 

107 

430 

45 

All firms that invested in the last financial year (excluding don’t 
know/refused responses), p. 5 (top) 

All firms that invested in the last financial year (excluding don’t 
know/refused responses), p. 5 (bottom) 

All firms (excluding response “Company didn’t exist three years 
ago”), p. 6 (top) 

All firms (excluding don't know/refused responses), p. 6 
(bottom) 

10213 

410/422 

152 

58 

101 

93 

368 

42 

10021 

422/437 

149 

59 

112 

96 

378 

44 

12020 

482/498 

169 

66 

133 

108 

436 

46 

11773 

471/490 

168 

65 

127 

105 

426 

45 

All firms (excluding don’t know/refused responses), p. 8 (top) 

11998 

482/496 

169 

66 

133 

108 

436 

46 

All importers and exporters (excluding /don’t know/refused 
responses),* p. 8 (bottom) 

7343 

341/344 

157 

29 

104 

48 

306 

35 

All firms (excluding don't know/refused responses) p. 9 (left) 

11961 

477/495 

168 

65 

130 

108 

432 

45 

All firms that import (excluding don’t know/refused responses) 
p. 9 (right) 

6092 

289/358 

140 

22 

95 

29 

257 

32 

All firms (excluding don’t know/refused responses), p. 10 (top) 

11940 

477/491 

168 

66 

132 

106 

431 

46 

All firms (excluding don't know/refused responses) p. 10 
(bottom) 

11938 

474/493 

167 

66 

130 

106 

431 

43 

All firms (excluding don't know/refused responses), p. 11 (top) 

11498 

431/472 

152 

62 

122 

90 

392 

39 

All firms (excluding don't know/refused responses), p. 11 
(bottom) 

12005 

481/496 

169 

66 

133 

108 

435 

46 

All firms that invested in the last financial year (excluding don’t 
know/refused responses), p. 12 (bottom) 

10249 

409/430 

148 

58 

106 

91 

367 

42 

All firms (excluding don’t know/refused responses), p. 13 (top) 

11832 

463/489 

163 

65 

126 

104 

418 

45 

All firms (excluding don’t know/refused responses), p. 13 
(bottom) 

11578 

453/463 

159 

65 

128 

95 

410 

43 

All firms (excluding don’t know/refused responses), p. 14 (top) 

11711 

468/481 

167 

65 

130 

101 

422 

46 

EIBIS 2024: Country technical details | 25 

 
 
 
 
 
 
 
 
 
 
 
All firms (excluding don’t know/refused responses), p. 15 (top) 

11781 

450/482 

155 

60 

122 

107 

409 

41 

All firms (excluding don't know/refused responses), p. 15 
(bottom) 

12010 

481/497 

169 

66 

132 

108 

435 

46 

All firms (excluding don't know/refused responses), p. 16 

11924 

476/490 

169 

65 

131 

105 

430 

46 

All firms (data not shown for not an obstacle at all/don’t 
know/refused responses), p 17 

12033 

482/498 

169 

66 

133 

108 

436 

46 

All firms (excluding don't know/refused responses) p. 18 (top) 

11539 

468/NA 

164 

65 

129 

104 

426 

42 

All firms that export (excluding don’t know/refused responses) 
p. 18 (bottom) 

All firms that invested in the last financial year (excluding don’t 
know/refused responses), p. 19 (top) 

All firms that invested in the last financial year (excluding don’t 
know/refused responses), p. 19 (bottom) 

All firms using external finance (excluding don't know/refused 
responses), p. 20 (top) 

All firms using external finance (excluding don't know and 
refused responses), p. 20 (bottom) 

All firms that used external finance in the last financial year 
(excluding don’t know and refused responses), p. 21  

5308 

257/NA 

140 

13 

65 

36 

225 

32 

10635 

426/440 

152 

60 

112 

96 

381 

45 

10635 

426/440 

152 

60 

112 

96 

381 

45 

4174 

201/52 

72 

24 

44 

59 

177 

24 

4172 

202/198 

73 

24 

44 

58 

177 

25 

4114 

197/192 

72 

24 

44 

54 

172 

25 

All firms (excluding don’t know/refused responses), p. 22 (top) 

11627 

464/479 

165 

63 

126 

104 

419 

45 

All firms (excluding don’t know/refused responses), p. 22 
(bottom) 

11627 

464/479 

165 

63 

126 

104 

419 

45 

All firms (excluding don’t know/refused responses), p. 23 

11521 

461/NA 

162 

66 

130 

97 

421 

40 

26 | EIBIS 2024 – Croatia overview 

 
 
EIB INVESTMENT SURVEY 2024

CROATIA

OVERVIEW

pdf:

ISBN 978-92-861-5800-1

© European Investment Bank, 01/2025 EN2024-0238