ECONOMY IN THE REGION OF ISTRIA

 

Region of Istria having 209.020 inhabitants is administratively divided in 31 self-government units; 10 cities and 31 municipalities and it has been achieving results that have been among the most successful in the Republic of Croatia for many years.
According to the latest available data from the Central Bureau of Statistics, the average GDP per capita in the Region of Istria in 2019 amounted to 15.776,00 EUR, which is 17% more than the average GDP per capita in the Republic of Croatia, while the registered unemployment rate in 2021 in the Region of Istria was 3,2%, which is 57% lower than the average unemployment rate in the Republic of Croatia in 2021.
In 2021 there were 11.785 entrepreneurs operating in the Region of Istria, employing 51.306 workers and moreover there were 6.645 craftsmen. The number of employees increased by 5,6% in comparison to the previous year, whereas the entrepreneurs in the Region of Istria make up 8.1% of all Croatian entrepreneurs.
The net profit of Istrian entrepreneurs in 2021 amounted to 1.8 billion HRK while in 2020 a net loss of HRK 310,7 million was realized, and among the biggest winners are the activities of providing accommodation, food preparation and serving, as well as the processing industry (Valamar Riviera, Maistra, Plava laguna, Uljanik brodogradilište d.d. u stečaju, TDR, Holcim, Valalta d.o.o. Rovinj, etc.).
It is worth noting the strengthening of exports by 5,5%, with the trade balance in surplus and amounting to 6,3 billion HRK. Among the largest exporters, hotel companies and the processing industry stand out, while the ICT industry (Infobip) is also on the rise.
Tourism and catering are constantly growing and the largest hotel companies in the Republic of Croatia have their headquarters in the Region of Istria. In 2021, there were more than 23.5 million overnight stays and 3,5 million arrivals, which is an increase of 86 and 74 percent compared to the previous year. Therefore, in the recent period, tourism has been the carrier of the largest investments on the peninsula. This is accompanied by trade and the expansion and improvement of supply and significant investment in new facilities and trade centres.
The IT sector is also on the rise, and the headquarters of the largest and fastest growing IT company – Infobip, are located in the Region of Istria.
Gross investments in new fixed assets increased by 14,2% and amounted to 1,9 billion HRK.