Economic consequences of Croatian EU Accession

The purpose of this paper is to provide a comprehensive analysis of the Croatian economy and discover how it might be affected by the EU Accession of 2013. The paper describes Croatian integration path in the last decades and reviews the country’s main economic indicators and foreign trade. Moreover, it focuses on the economic changes related to the EU accession. We show that the EU accession will most likely be beneficial for the Croatian economy. With regard to the accession, adaptability of Croatian agriculture sector and privatization of state owned companies are identified as vulnerable points. One way or another, the EU accession of such small economy as Croatia is not going to have any substantial impacts on the EU economy as such.