This overview summarizes the main findings of the Croatia Country Economic Memorandum (2023), which focuses on long-term growth prospects and productivity of its economy. The overview first reviews Croatia’s economic developments over the last decade. It then applies the World Bank’s Long-Term Growth Model (LTGM) to estimate Croatia’s growth prospects until 2050 in the baseline, business-as-usual, case. It then simulates different policy reform scenarios, including improvements in pre-tertiary education, labor market participation, and productivity, to estimate the growth dividend from these reforms and the impact on convergence towards higher levels of income. Thereafter, it focuses on productivity performance using both aggregate and firm-level data and compares Croatia to the regional frontier economy and its EU peers. It also aims to link productivity with the most relevant institutional constraints faced by firms and provides recommendations for improvements.