Croatia’s gross domestic product advanced by 9.7 percent year-on-year in the fourth quarter of 2021, easing from a 15.8 percent expansion in the previous period. It was the third consecutive quarter of growth following a pandemic-induced recession. Both household consumption (7.7 percent vs 16 percent in Q3) and fixed investment (0.8 percent vs 7.6 percent) slowed while government expenditure rebounded (14 percent vs -4.5 percent. Meanwhile, net external demand contributed positively to the GDP as exports jumped 31.7 percent (vs 48.8 percent in Q3) while imports grew at a softer 16.4 percent (vs 13.9 percent in Q3). On a seasonally adjusted quarterly basis, Croatia’s GDP contracted 0.1 percent, after a 1.4 percent growth in Q3. source: Croatian Bureau of Statistics
GDP Annual Growth Rate in Croatia averaged 2.17 percent from 1996 until 2021, reaching an all time high of 16.50 percent in the second quarter of 2021 and a record low of -14.40 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 May of 2022.
GDP Annual Growth Rate in Croatia is expected to be 8.80 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 4.00 percent in 2023 and 2.00 percent in 2024, according to our econometric models.