Consumption in Croatia
Croatia - Consumption
GDP growth slows, but remains healthy, in the first quarter
GDP growth slowed to 7.0% year on year in the first quarter, from 9.7% in the fourth quarter of last year. Q1's reading marked the worst result since Q1 2021.
Private consumption growth fell to 6.3% in Q1, marking the weakest expansion since Q1 2021 (Q4 2021: +7.7% yoy). Government consumption growth moderated to 5.9% in Q1 (Q4 2021: +14.4% yoy). Meanwhile, fixed investment growth improved to 7.9% in Q1, from the 0.8% increase recorded in the prior quarter.
On the external front, exports of goods and services increased 29.4% on an annual basis in the first quarter, which was below the fourth quarter's 31.7% expansion. Conversely, imports of goods and services growth picked up to 25.0% in Q1 (Q4 2021: +16.4% yoy), marking the best reading since Q2 2021.
FocusEconomics panelists forecast GDP to expand 4.5% in 2022, which is down 0.1 percentage points from last month’s estimate. For 2023, our panel sees GDP growth at 3.8%.
Croatia - Consumption Data
|Consumption (annual variation in %)||0.2||3.1||3.2||3.2||3.6|
5 years of economic forecasts for more than 30 economic indicators.
Source: Central Bureau of Statistics and FocusEconomics calculations.
|Bond Yield||0.67||0.0 %||Dec 31|
|Exchange Rate||6.64||-0.54 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
July 29, 2022
Industrial production increased 3.8% year-on-year in working-day adjusted terms in June (May: +3.0% yoy).
July 19, 2022
Consumer prices increased 1.12% in June over the previous month, coming in below May's 1.40% rise.
July 1, 2022
Industrial production increased 3.0% year-on-year in working-day adjusted terms in May (April: +1.6% yoy).
June 16, 2022
Consumer prices increased 1.40% over the previous month in May, slowing down from the 2.70% rise logged in April.
June 1, 2022
Industrial production decreased 1.4% year-on-year in working-day adjusted terms in April (March: -1.9% yoy).