Croatia is on course for a bumper Christmas in terms of spending with estimates suggesting that Croatians will spend a whopping 13.5 billion Kuna. The Croatian Chamber of Commerce has predicted that spending in December will surpass the pre-crisis levels of December 2008 and set a new record as the biggest Christmas spend on record.
"According to estimates by the Croatian Chamber of Economy, spending in December 2018 will amount to about HRK 13.5 billion, which is an increase of as much as one billion Kuna over the same period last year," commented a spokesperson for the Chamber of Commerce.
The estimate is based on the growth in retail trade turnover, which has been steadily increasing since 2014, and was 3.6 percent higher in the first nine months of this year than in the same period of 2017.
According to the results of last year's Chamber of Commerce survey, the largest number of respondents spent between 100 and 500 Kuna on holiday gifts (39 percent), followed by those who set between 500 and 1000 Kuna (31 percent). The upper limit of 1000 Kuna was exceeded by nine percent of people, while less than 100 Kuna or none was spent, or not spent, by 21 percent of the respondents.