Croatia GDP


Economy slows in third quarter

In the third quarter, GDP grew 0.6% over the same quarter last year, based on preliminary estimates released by the Croatian Bureau of Statistics on 25 November. The print represented a slightly deceleration from the 0.8% expansion seen in the first quarter, but was below last month's Consensus Forecast that had the economy growing 1.3%. Croatia, which is recovering from a two year recession, benefited from strong growth in merchandise exports (Q1: +0.4% year-on-year in USD terms; Q2: +17.5% yoy) and a rebound in industrial production (Q1: -3.6% yoy; Q2: +1.0% yoy) as well as in retail sales (Q1: -0.4% yoy: Q2: +1.8% yoy). Tourism also contributed to the GDP expansion, as new tourist arrivals jumped 12.1% in the first six months of the year. Full details of the national accounts data will be published on 20 September.

Sample Report

Looking for forecasts related to GDP in Croatia? Download a sample report now.


Croatia Economic News

More news

Search form