Island entrepreneurs earned 9.7 billion kuna last year, 10 percent more than in 2014.

In 2015, there were 3,933 entrepreneurs operating on Croatian islands, who generated a total revenue of 9.7 billion kuna, or 9.9 percent more than in 2014, with the highest revenue per employee achieved by Krk entrepreneurs – 575.9 thousand kuna, reported the Financial Agency (Fina).

These entrepreneurs, which were 2.7 percent more than in 2014, employed 20,364 workers, or 4.5 percent more. The analysis of data from the annual financial reports of entrepreneurs from the island cities and municipalities covered 51 cities and municipalities.

The largest number of entrepreneurs was registered on the most populated Croatian island, Krk. In the city of Krk and six surrounding municipalities, there were a total of 783 in 2015. Krk entrepreneurs, with 4,844 workers, ranked first in terms of the number of employees.

Following in the number of entrepreneurs is Brač with 581 entrepreneurs. Brač entrepreneurs employed 2,556 workers in 2015.

The total revenue of island entrepreneurs in 2015 amounted to 9.7 billion kuna, which is an increase of 9.9 percent compared to the previous business year. This result was primarily contributed by entrepreneurs from the city of Krk with 1.3 billion kuna (13.2 percent share of total revenues from island areas), as well as from Mali Lošinj (9.6 percent) and Cres (6.3 percent).

The highest revenue among entrepreneurs was achieved by GP Krk based in Krk, Jadranka Hoteli based in Mali Lošinj, and Cres’s Autotrans.

Tourism, specifically the provision of accommodation and food preparation and serving, predictably dominates the revenues of island entrepreneurs with 2.4 billion kuna, representing 24.5 percent of the total revenues of all island areas.

Following are entrepreneurs from wholesale and retail trade (2.1 billion kuna), manufacturing industry (1.29 billion kuna), construction (1.26 billion kuna), and agriculture, forestry, and fishing (677.2 million kuna).

Among entrepreneurs in the accommodation and food preparation and serving sector, notable revenues were achieved by Sunčani Hvar, Jadranka hoteli, and Rapski Imperial.

In terms of productivity and revenue per employee, Krk entrepreneurs (the city of Krk and the municipalities of Malinska Dubašnica, Omišalj, Punat, Dobrinj, Baška, and Vrbnik) are in first place, with a revenue of 575.9 thousand kuna per employee.

Croatia has 1,244 islands, of which 47 are permanently inhabited, along with the Pelješac peninsula. On the islands, 132,756 residents live in 344 settlements, which is 7,886 more compared to the results of the 2001 census.