Croatia’s economy has been growing steadily over the past years. In 2015, GDP had expanded modestly at 1.6% YoY, marking the end of one of the longest and deepest recessions in the EU. The recovery accelerated in 2016, at a projected rate of 2.8% — and unexpectedly grew by 3.2% at the end of the year. In the first three quarters of 2017, the Croatian economy rose about 3% on average, which indicated that its economy is gaining traction towards 2018.