This paper deals with and presents the state of the world economy at the time of the pandemic. The paper begins with the analysis and definition of international economic institutions such as the International Monetary Fund, the World Bank, the General Agreement on Tariffs and Trade, the World Trade Organization and the presentation and state of the Republic of Croatia in world economic organizations. The next chapter follows the Croatian economic system and briefly explains how foreign trade in goods, services and goods, foreign exchange system, residents and nonresidents, convertible and nonconvertible foreign exchange, customs, liquidity and solvency. Thereafter, the topic of the paper is elaborated, namely how the occurrence of global pandemics affects global trade: imports, exports, economic trends, aviation industry, industrial production, tourism, etc. The last chapter elaborates the impact of the pandemic on socioeconomic trends in Croatia, up to the decline of almost all economic and demographic segments, namely: exports, imports, production, industry, trade in goods, goods and services, tourism, population migration, wages, construction sector and GDP.