Croatia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)
Summary
The construction industry in Croatia is expected to grow in real terms by 3.5% in 2025, supported by the government’s investment in renewable energy and transport infrastructure projects, which will be further boosted through the disbursal of funds, under the European Union’s Recovery and Resilience Facility (RRF) as well as other funds. The growth momentum in the construction industry is reflected by an increase in new construction orders and total number of construction permits issued in the country. According to the Croatian Bureau of Statistics (CBS), the total number of construction permits issued in the country grew by 2.2% year on year (YoY) in 2024, increasing from 11,564 in 2023 to 11,823. Moreover, the average value of new construction orders rose by 12.8% YoY in 2024, according to the CBS.
Over the remainder of the forecast period, growth in the Croatian construction industry is expected to slow down and record an annual average rate of 2.6% in real terms from 2026 to 2029, supported by public and private sector investments in renewable energy, transport and liquefied natural gas (LNG) infrastructure projects. The government, as part of its National Energy and Climate Plan (NECP), aims to increase the share of renewable energy in electricity production from 28% in 2018 to over 36% by 2030. The government also plans to phase out its coal-fired power plants by 2033. According to the Renewable Energy Sources of Croatia Association (RES Croatia), a Croatian association that unites producers of electricity from renewable energy sources, the country's solar energy sector experienced rapid growth, with 397.1MW of new capacity installed in 2024, up from 238.7MW in 2023
GlobalData’s Construction in Croatia - Country Briefing (H1 2025) report provides detailed market analysis, information, and insights into the Croatian construction industry, including -
- The Croatian construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Croatian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Croatia. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Croatia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- 8 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Croatia, Top Construction Projects by Value
- Table 3: Croatia, Construction Output Value (Real, $ Million)
- Table 4: Croatia, Construction Output Value (Nominal, EUR Million)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Croatia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 2: Croatia, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 3: Eastern Europe, Construction Output (Real % Change), 2023–29
- Figure 4: Croatia, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 5: Croatia, Construction Value Add (EUR Million, 2021 Chained Linked Prices)
- Figure 6: Croatia, Construction Production Volume Index, Seasonally Adjusted (2021 = 100)
- Figure 7: Croatia, Value of New Construction Orders Index (% Change, YoY)
- Figure 8: Croatia, Total Number of Construction Permits Issued
- Figure 9: Croatia, Total Dwellings Building Permits Issued (Number)
- Figure 10: Croatia, House Price Index (2015=100)
- Figure 11: Croatia, Construction Cost Index (new residential buildings), 2015 = 100
- Figure 12: Croatia, Real estate Value Add (EUR Million, 2021 Chained Linked Prices)
- Figure 13: Croatia, Total Number of Commercial Construction Permits Issued
- Figure 14: Croatia, Total Number of Institutional Construction Permits Issued
- Figure 15: Croatia, Total Export ($ Million)
- Figure 16: Croatia, Information and Communication Value Add (EUR Million, 2021 Chained Linked Prices)
- Figure 17: Croatia, Industrial and Manufacturing Production Indices, 2021=100, Seasonally and Calendar Adjusted
- Figure 18: Croatia, Retail Trade Volume Turnover Index (2021=100)
- Figure 19: Croatia, Total Foreign Visitors Arrivals, In Thousands
- Figure 20: Croatia, Number of People Employed in the Construction Industry, In Thousands
- Figure 21: Croatia, Labor Cost Index (2020=100)
- Figure 22: Croatia, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Croatia, Risk Summary
- Figure 24: Croatia, Risk Regional Comparison
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