Croatia is very strongly tourism-oriented. In this respect, it was strongly affected by the corona crisis. In addition, two strong earthquakes in a row shook the country. Croatian economy showed a historical decline of 8.4%. Nevertheless, Croatia was able to catch up relatively quickly from the Covid-19. This was thanks to the EU’s economic fund NextGenerationEU, among others. In 2022, the pre-pandemic level could be reached again.

Bilateral relations between Switzerland and Croatia still have room for improvement. However, Swiss exports to Croatia have increased by 76% in the last 10 years (2011-2021). The volume of bilateral trade in goods increased in 2020 and exceeded the previous record level at CHF 609.7 million.Switzerland’s most important exports are: pharmaceutical products, machinery and chemical products. Croatian exports to Switzerland are mainly base metals and wren, machinery, wood and textiles.

In terms of investments, Switzerland maintains its place among the top 10 most important investors in Croatia.