Croatia’s gross domestic product grew 3.9 percent year-on-year in the first quarter of 2019, unrevised from a preliminary estimate and following a 2.3 percent expansion in the previous period, final figures showed. It was the strongest growth rate since the last quarter of 2016, driven by private consumption (4.3 percent vs 3.9 percent in Q4) and government spending (3.1 percent vs 2.3 percent). Also, gross fixed capital formation jumped (11.5 percent vs 6.1 percent). The contribution of net foreign demand was negative, as exports went up 4.6 percent (vs 1.3 percent in Q4) while imports rose at a faster 7.7 percent (vs 6.6 percent in Q4). On a seasonally adjusted quarterly basis, the GDP expanded 1.8 percent in the first quarter of 2019, after an upwardly revised 0.2 percent growth in the prior period. GDP Annual Growth Rate in Croatia averaged 1.91 percent from 1998 until 2019, reaching an all time high of 6.60 percent in the second quarter of 2003 and a record low of -8.60 percent in the first quarter of 2009.

GDP Annual Growth Rate in Croatia is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Croatia to stand at 2.70 in 12 months time. In the long-term, the Croatia GDP Annual Growth Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

Croatia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-27 10:00 AM GDP Growth Rate YoY Prel Q4 2.3% 2.8% 2.9%
2019-03-01 10:00 AM GDP Growth Rate YoY Final Q4 2.3% 2.8% 2.3%
2019-05-29 09:00 AM GDP Growth Rate YoY Prel Q1 3.9% 2.3% 2.5%
2019-05-31 09:00 AM GDP Growth Rate YoY Final Q1 3.9% 2.3% 2.5%
2019-08-28 09:00 AM GDP Growth Rate YoY Prel Q2 3.9% 4.5%
2019-08-30 09:00 AM GDP Growth Rate YoY Final Q2 4.5%
2019-11-27 10:00 AM GDP Growth Rate YoY Prel Q3 2.5%


Croatia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.80 0.20 3.70 -4.60 percent [+]
GDP Annual Growth Rate 3.90 2.30 6.60 -8.60 percent [+]
GDP 60.81 55.20 70.49 10.28 USD Billion [+]
GDP Constant Prices 82735.00 88336.00 99110.00 59905.00 HRK Million [+]
Gross Fixed Capital Formation 19712.00 19215.00 26596.00 9734.00 HRK Million [+]
GDP per capita 15870.30 15331.90 15870.30 8563.00 USD [+]
GDP per capita PPP 23636.79 22834.94 23636.79 12753.58 USD [+]
GDP From Agriculture 1974.00 3064.00 3708.00 1761.00 HRK Million [+]
GDP From Construction 4114.00 4006.00 6482.00 2566.00 HRK Million [+]
GDP From Manufacturing 10405.00 10977.00 11941.00 8499.00 HRK Million [+]
GDP From Public Administration 11751.00 11728.00 11751.00 10162.00 HRK Million [+]
GDP From Services 12776.00 14646.00 22169.00 7565.00 HRK Million [+]


Croatia GDP Annual Growth Rate

Croatia joined the European Union in 2013, following a decade-long application process. Croatia's main industries are tourism, ICT, automotive, food, pharmaceutical, logistics, metal and textile. 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.90 2.30 6.60 -8.60 1998 - 2019 percent Quarterly
NSA




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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