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.
Economy slows in third quarter
August 29, 2011
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Croatia Economic News
October 17, 2016
In September, consumer prices increased 1.0% from the previous month, which contrasted August’s 0.2% drop and marked the highest reading in four years.
September 29, 2016
After months of political conflict had led the government to collapse in June, snap elections were held in Croatia on 11 September.
September 29, 2016
In August, industrial output rose 2.5% over the same month of last year in seasonally and working-day adjusted terms, which represented an acceleration over July’s weaker 1.2% increase.
September 15, 2016
In August, consumer prices declined 0.2% over the previous month, which was a softer drop than July’s 0.7% decrease.
September 2, 2016
In July, industrial output rose 1.2% over the same month of last year in working-day adjusted terms, which represented a significant slowdown from June’s 4.1% increase and the lowest result in seven months.