Croatia’s gross domestic product advanced by 5.2% year-on-year in the third quarter of 2022, following an upwardly revised 8.7% growth in the previous three-month period. This marks the weakest expansion since the first quarter of 2021, amid a slowdown in household consumption (5.6% vs 7.8% in Q2). Additionally, the contribution of net external was slightly negative, as imports jumped 30.5% (vs 26.5% in Q2) whereas exports advanced at a slower 23.3% (vs 40.3% in Q2). On the other hand, fixed investment picked up (8% vs 3.9%) and government spending rebounded (1.3% vs -2.2%). On a seasonally adjusted quarterly basis, Croatia’s GDP shrank by 0.4% in the third quarter, the first contraction since the second quarter of 2020, after a downwardly revised 1.5% rise in the prior quarter. source: Croatian Bureau of Statistics
GDP Annual Growth Rate in Croatia averaged 2.46 percent from 1996 until 2022, reaching an all time high of 20.80 percent in the second quarter of 2021 and a record low of -15.70 percent in the second quarter of 2020. This page provides - Croatia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
GDP Annual 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. In the long-term, the Croatia GDP Annual Growth Rate is projected to trend around 1.30 percent in 2024 and 1.60 percent in 2025, according to our econometric models.