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Proof of how hard the COVID-19 pandemic is hitting the Croatian economy

Written by  Apr 23, 2020

A sign of just how hard the COVID-19 pandemic is hitting the Croatian economy has come from the Tax Administration who have released figures showing that just last week the number of bills issued through the fiscal system dropped by a massive 62 percent when compared with the same week from last year.

The data provided shows that from the 19th of April to the 23rd of April a total of 17.3 million invoices were issued across Croatia, which is exactly 62.2 percent less than the same time period from 2019.

And when compared on a financial level the total value of the invoices issued was 1.88 billion Kuna, which is a drop of almost 52 percent in financial terms.

Understandingly one of the industries most affected by the COVID-19 shut down is the travel and hospitality industry. And the figures bear this out, as 94.5 percent fewer invoices were issued from the hospitality and tourism sector, and the economic impact shows that the value of issued invoices was 92 percent lower.

Since the start of the coronavirus crisis in Croatia, from the 24th of February to the 19th of April, the number of invoices issued through the fiscal system decreased by 35 percent and their value by 22 percent, when compared with the same time period from last year. Over that period 222 million invoices were issued, while in the same time period from 2019 343 million were issued.

 

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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