Croatia フロンティア市場
Europe · Zagreb · EUR (Euro)
経済・産業概況
Croatia is an upper-middle-income EU member state with a highly service-oriented economy dominated by tourism, which contributed significantly to post-pandemic GDP recovery. The country adopted the euro in January 2023 and joined the Schengen Area in the same year, further integrating it with the European single market. Key industries include tourism, shipbuilding, food processing, pharmaceuticals, telecommunications, and energy. Nominal GDP reached approximately $92.5 billion in 2024, with GDP growth of 3.9% that year. The Zagreb Stock Exchange (ZSE) remains small relative to GDP, with total market capitalisation of approximately €50.3 billion at end-2024, heavily concentrated in a handful of large-cap names.
主要セクター
📘 Croatiaのすべてを知る →マクロ
| GDP 名目, USD | $92.53B |
| GDP成長率 実質, 年率 | 3.9% |
| インフレ率 年率 | 3.9% |
| 人口 人 | 3.9M |
| 一人当たりGDP USD | $23,380 |
| 時価総額 上場総額, USD | $54.70B |
| 時価総額/GDP | 59.1% |
| 失業率 | 3.7% |
| 上場企業数 | 119 |
| 取引所 | Zagreb Stock Exchange (ZSE) |
データ年度: 2024. 出典: IMF World Economic Outlook October 2024, World Bank national accounts data 2024, Zagreb Stock Exchange official statistics (zse.hr), Wikipedia – Economy of Croatia, Wikipedia – Zagreb Stock Exchange, CEOWORLD Magazine – Croatia largest companies by market cap 2024, Trading Economics – Croatia GDP, StatisticsTimes – Croatia GDP 2024, ExpatInCroatia.com – Golden Visa analysis (updated May 2024), Citizenx.com – Croatia Golden Visa analysis, Screenerhero – Croatian Stocks ZSE Guide.
最新ニュース
主要上場企業
現地主要取引所における時価総額上位企業。
| # | 企業 | セクター | 時価総額USD | 米国上場 |
|---|---|---|---|---|
| 1 | Zagrebačka banka d.d.ZABA · ZSE | Banking | $9.34B | — |
| 2 | INA-Industrija nafte d.d.INA · ZSE | Energy / Oil & Gas | $4.75B | — |
| 3 | Hrvatski Telekom d.d.HT · ZSE | Telecommunications | $3.22B | — |
| 4 | Adris grupa d.d.ADRS · ZSE | Diversified / Tourism | $1.80B | — |
| 5 | Valamar Riviera d.d.RIVP · ZSE | Tourism / Hospitality | $1.40B | — |
| 6 | Atlantic Grupa d.d.ATGR · ZSE | Food & Beverages / Consumer Staples | $1.10B | — |
| 7 | Podravka d.d.PODR · ZSE | Food & Beverages | $900.00M | — |
| 8 | Privredna banka Zagreb d.d.PBZ · ZSE | Banking | $850.00M | — |
| 9 | Hrvatska Poštanska Banka d.d.HPB · ZSE | Banking | $620.00M | — |
| 10 | Croatia osiguranje d.d.CROS · ZSE | Insurance | $520.00M | — |
| 11 | KONČAR – Elektroindustrija d.d.KOEI · ZSE | Industrials / Electrical Equipment | $450.00M | — |
| 12 | Ericsson Nikola Tesla d.d.ERNT · ZSE | Information Technology / Telecommunications Equipment | $380.00M | — |
| 13 | Atlantska plovidba d.d.ATPL · ZSE | Transportation / Shipping | $300.00M | — |
| 14 | Tankerska plovidba d.d.TNPL · ZSE | Transportation / Shipping | $260.00M | — |
| 15 | Hrvatska brodogradnja – Jadranbrod d.d.HBJ · ZSE | Industrials / Shipbuilding | $180.00M | — |
| 16 | Ledo d.d.LEDO · ZSE | Food & Beverages | $160.00M | — |
| 17 | Jadranski naftovod d.d.JNAF · ZSE | Energy / Oil Transportation | $150.00M | — |
| 18 | Cromaris d.d.CMAR · ZSE | Food / Aquaculture | $120.00M | — |
| 19 | Jamnica d.d.JMNC · ZSE | Beverages | $110.00M | — |
| 20 | Kraš d.d.KRAS · ZSE | Food / Confectionery | $95.00M | — |
米国上場ETF
この市場へのエクスポージャーを持つ米国上場ファンド — 多くの米国投資家にとって最もシンプルなアクセス手段です。
| ティッカー | ETF | 運用会社 | 対象範囲 | 経費率年率% | エクスポージャーファンドの% |
|---|---|---|---|---|---|
| VGK | Vanguard FTSE Europe ETF | Vanguard | 地域別 | 0.09% | 0% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | BlackRock iShares | 新興市場全体 Reference only | 0.25% | 0% |
| GUR | SPDR S&P Emerging Europe ETF | State Street Global Advisors (SPDR) | 地域別 Delisted | 0.30% | 0% |
| EWU | iShares MSCI United Kingdom ETF | BlackRock iShares | 地域別 Reference only | 0.50% | 0% |
現地取引所とアクセス方法
| 取引所 | Zagreb Stock Exchange |
| コード | ZSE |
| ウェブサイト | zse.hr/en |
| 通貨 | EUR |
現地ブローカーアクセス
Croatian equities are traded on the ZSE in EUR. International retail investors typically access ZSE-listed stocks through European brokers offering access to regional exchanges (e.g., Interactive Brokers, Erste Group, Privredna banka Zagreb brokerage, Raiffeisen Bank). Liquidity is thin outside the CROBEX10 constituents; many stocks trade under €50,000/day. There are no US-listed single-country Croatia ETFs; the most practical direct access is via a broker with ZSE connectivity or via broad EM/frontier funds with Croatian exposure.
海外市場対応のグローバルブローカー
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
参考情報として掲載しており、推奨ではありません。対応市場、手数料、口座開設条件はブローカーや居住国によって異なります。
移住・居住権
投資ビザ・居住権プログラム
付与内容 No formal investment-migration programme
Croatia does not operate a formal Golden Visa or citizenship-by-investment programme. Standard temporary residence permits are available to non-EEA nationals who can demonstrate sufficient income (approximately €2,500/month per person) or who establish a company in Croatia (minimum ~€25,000 investment with at least 3 local employees hired). After five years of legal residence, permanent residence may be applied for; after eight years, citizenship eligibility may arise. These are standard immigration pathways, not dedicated investment-migration programmes.
申請のサポートが必要な場合は、投資移住専門のアドバイザー(例: Henley & Partners.
外国人投資家のアクセス
Croatia is an EU and Schengen member state. EU/EEA citizens move freely without permits. Non-EEA nationals may obtain temporary residence via employment, self-sufficiency (proof of income ~€2,500/month), or business formation. The Digital Nomad Visa (introduced 2021) allows remote workers to reside up to one year (renewable). Croatia's tax system offers favourable treatment for certain foreign-sourced income. Cost of living is lower than Western European averages.
米国上場ADR・クロスリスティング
米国でも株式が取引されている当該国の企業 — 通常の米国証券口座で投資可能です。
| 企業 | 米国ティッカー | 現地ティッカー | 備考 |
|---|---|---|---|
| Hrvatski Telekom d.d. | HT | HT has no formal US-listed ADR. Deutsche Telekom (parent, ~53.5% stake) trades on US OTC markets as DTEGY, providing indirect exposure to HT's operations. | |
| INA-Industrija nafte d.d. | INA | INA has no US ADR. MOL Group (co-controlling shareholder) trades on OTC markets as MGYOY, providing indirect exposure to INA's operations. | |
| Zagrebačka banka d.d. | ZABA | ZABA has no US ADR. Parent UniCredit S.p.A. trades on OTC markets in the US as UNCFF, providing indirect exposure. |