The Gross Domestic Product (GDP) in Croatia expanded 0.80 percent in the third quarter of 2019 over the previous quarter. Croatia GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Croatia averaged 0.45 percent from 2001 until 2019, 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. This page provides - Croatia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Growth Rate in Croatia is expected to be 0.70 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 0.60 in 12 months time. In the long-term, the Croatia GDP Growth Rate is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.

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Croatia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.50 3.70 -4.60 2001 - 2019 percent Quarterly

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.