Croatia’s gross domestic product expanded 0.1 percent on quarter in the three months to December of 2018, easing from a 0.6 percent advance in the previous month, preliminary estimates showed. It was the softest pace of expansion since the last quarter of 2015, when the economy stalled. On a yearly basis, the economy advanced 2.3 percent, following a 2.8 percent gain in Q3 and making the lowest growth in one year. Considering full 2018, the economy advanced 2.6 percent, after a 2.8 percent gain in 2017, first estimates showed. GDP Growth Rate in Croatia averaged 0.43 percent from 2001 until 2018, reaching an all time high of 3.70 percent in the second quarter of 2005 and a record low of -4.60 percent in the first quarter of 2009.

GDP Growth Rate in Croatia is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Croatia to stand at 0.70 in 12 months time. In the long-term, the Croatia GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

Croatia GDP Growth Rate
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Croatia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.60 3.70 -4.60 percent [+]
GDP Annual Growth Rate 2.30 2.80 6.60 -8.60 percent [+]
GDP 54.85 51.34 70.48 10.28 USD Billion [+]
GDP Constant Prices 88336.00 99110.00 99110.00 59905.00 HRK Million [+]
Gross Fixed Capital Formation 19215.00 20082.00 26596.00 9734.00 HRK Million [+]
GDP per capita 15219.88 14635.88 15219.88 8475.14 USD [+]
GDP per capita PPP 22669.80 21799.93 22669.80 12623.60 USD [+]
GDP From Agriculture 3064.00 2664.00 3708.00 1761.00 HRK Million [+]
GDP From Construction 4006.00 4013.00 6482.00 2566.00 HRK Million [+]
GDP From Manufacturing 10977.00 10582.00 11941.00 8499.00 HRK Million [+]
GDP From Public Administration 11728.00 11723.00 11730.00 10162.00 HRK Million [+]
GDP From Services 14646.00 22169.00 22169.00 7565.00 HRK Million [+]

Croatia GDP Growth Rate

The most important sector of Croatian economy is services with tourism accounting for 20 percent of GDP. The industry, although declining in recent years, is led by shipbuilding, food processing, pharmaceuticals and information technology. On the expenditure side, household consumption is the main component of GDP and accounts for 60 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 46 percent of GDP while imports account for 44 percent, adding 2 percent of total GDP. This page provides - Croatia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.60 3.70 -4.60 2001 - 2018 percent Quarterly

Country Last Previous
Singapore 3.80 Mar/19
United States 3.20 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18