top SECTORS
IN CROATIA
Top Sectors
ICT
Croatia boasts a long and rich history of high-tech innovations, all the way from Nikola Tesla best known for his contributions to the design of the modern alternative current (AC) electricity supply system to Marin Soljačić who invented efficient wireless nonradiative mid-range energy transfer. The ICT market in Croatia is constantly increasing and there is a significant growth in the number of startup businesses, and many new state-of-the-art data centres have been opened. Many international companies have recognised the potential of Croatia and have established their innovation centres in Croatia, such as Ericsson, Microsoft and IBM. Croatian companies Nanobit and Infinium were among the Financial Times 1000 Europe’s fastest-growing companies last year.
• 43,978 employees; • €1,630 average gross salary; • 24.1% gross operating rate; • 200.4 % wage adjusted labour productivity
Automotive
The development of the Croatian automotive industry is based on a long tradition in related sectors such as metal production, welding, plastics manufacturing and engineering. About 90% of the revenue in the automotive industry is generated through exports due to many companies being successfully integrated into the system of supplying spare parts for the world’s top automobile manufacturers (PSA, GM, Fiat, BMW, Audi, Ford, Renault, Toyota, Volvo, etc.). Last year, Croatian car manufacturer Rimac Automobili launched the Rimac C_Two, powered by a four-motor powertrain system with 1.914 horsepower and instantly available 2300 Nm of torque, acceleration of 0-60 mph in 1.85 seconds and reach of 300 kph in 11.8 seconds. TopGear identified it as one of the fastest and most powerful cars of 2018. The benefits of joining the automotive industry in Croatia are a multi-skilled workforce, excellent infrastructure and proximity to the markets and automotive production facilities in the countries of Western and Central Europe. • 10,050 employees; • €1,088 average gross salary; • 12.5% gross operating rate; • The share of the automotive industry in total exports is 4.7%.
Business Support Service Centres
Croatia offers affordable quality to any investor wishing to open a business support service centre through the optimum mix of the highly skilled and multilingual workforce where more than 90% of people aged 15-34 speak at least one foreign language and labour costs well below the EU average. This was already recognized by large companies like the IBM, Teva, Yazaki and DT which have all opened business support service centres in Croatia. Expanding range of services and the growing share of advanced, knowledge-intensive tasks in the structure of services performed in the business support service centres point to the steady evolution and expansion of the sector. • 3,327 employees
• €1,059 average gross salary; • 15.9% gross operating rate; • 142.3% wage adjusted labour productivity