One in Five Croatian Businesses Operated in Trade Sector in 2019

Total Croatia News



ZAGREB, July 27, 2020 – Nearly one in five Croatian businesses operated in the trade sector in 2019, or 28,814 out of 136,260 enterprises, data from the Financial Agency (Fina) shows.

Businesses engaging in expert, scientific, and technical activities accounted for 15.8%, construction companies for 11.9%, and those in the manufacturing industry for 10.9% of the total number of enterprises.

Fina said that an analysis of financial reports showed that businesses in the trade sector had predominated in the last 20 years.

The 136,260 enterprises employed 969,776 people, which is 6.4% more than in 2018. Most of them were employed in manufacturing and trade, namely 240,081 (24.8%) in manufacturing and 195,927 (20.2%) in trade.

In nominal terms, the number of workers increased the most in trade (by 20,521), construction (by 9,867), manufacturing (by 6,351), hospitality (by 6,250), and information and communications (by 3,701).

The largest revenues and expenditures were generated by trading companies (HRK 275.6 billion in revenues and HRK 266.1 billion in expenditures).

Manufacturing businesses generated HRK 185.5 billion in revenues and HRK 176.6 billion in revenues, and construction businesses posted HRK 59.98 billion in revenues and HRK 58.22 billion in expenditures.

By net profit, businesses in the trade sector performed the best, earning HRK 7.4 billion, down by 4.1% compared with 2018. Manufacturing businesses reported HRK 7.2 billion in net profits and businesses engaging in expert, scientific and technical activities posted HRK 3.9 billion.

(€1 = HRK 7.516985)


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