The construction industry in Croatia is estimated to grow in real terms by 4.8% in 2025 and 2.5% in 2026. supported by the government’s investment in renewable energy and transport infrastructure projects, coupled with an increase in new construction orders. According to the Croatian Bureau of Statistics (CBS), the construction industry’s value-add grew by 7.1% year-on-year (YoY) in Q2 2025, preceded by YoY growth rates of 7.6% in Q1 2025 and 13% in Q4 2024. The average volume index for construction production grew by 8.4% YoY in the first eight months of 2025. In terms of segmentation, the construction production volume index grew by 10.9% YoY for building works and 3.2% YoY for other building works, during the same period.
The Croatian construction industry is expected to grow at an annual average rate of 2.2% in real terms from 2026 to 2029, supported by public and private sector investments in transport infrastructure, and liquefied natural gas (LNG) infrastructure projects coupled with investments in energy infrastructure to support its long-term energy targets. 2030 National Energy and Climate Plan, which targets an increase in the share of renewable energy in total energy consumption from 28.5% in 2022 to 36.4% by 2030. To support this, the government's initiative to develop several national infrastructure and energy projects using European Union (EU) recovery funds is also anticipated to boost the construction industry's output throughout the forecast period. In July 2025, the European Investment Bank (EIB) granted a EUR150 million ($163.4 million) loan to the Croatian Bank for Reconstruction and Development (HBOR) to support green and other projects for Croatian companies, including mid-caps and public entities. This loan is the first part of a larger EUR350 million ($381.4 million) financing agreement aimed at expanding access to funding, with at least 30% dedicated to green investments in renewable energy, energy efficiency, sustainable construction, and clean transport.
The Croatian construction industry is expected to grow at an annual average rate of 2.2% in real terms from 2026 to 2029, supported by public and private sector investments in transport infrastructure, and liquefied natural gas (LNG) infrastructure projects coupled with investments in energy infrastructure to support its long-term energy targets. 2030 National Energy and Climate Plan, which targets an increase in the share of renewable energy in total energy consumption from 28.5% in 2022 to 36.4% by 2030. To support this, the government's initiative to develop several national infrastructure and energy projects using European Union (EU) recovery funds is also anticipated to boost the construction industry's output throughout the forecast period. In July 2025, the European Investment Bank (EIB) granted a EUR150 million ($163.4 million) loan to the Croatian Bank for Reconstruction and Development (HBOR) to support green and other projects for Croatian companies, including mid-caps and public entities. This loan is the first part of a larger EUR350 million ($381.4 million) financing agreement aimed at expanding access to funding, with at least 30% dedicated to green investments in renewable energy, energy efficiency, sustainable construction, and clean transport.
The Construction in Croatia - Country Briefing (H2 2025) report provides detailed market analysis, information, and insights into Croatia’s construction industry, including:
- Croatia’s 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 Croatia’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Report Scope
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
Reasons to Buy
- 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 the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile
7 Appendix
List of Tables
List of Figures
