Croatia’s GDP expanded 2.9 percent year-on-year in the third quarter of 2019, accelerating from a 2.4 percent advance in the previous period. Household consumption rose faster (3.3 percent vs 2.7 percent in Q2) while gross fixed capital formation (5.0 percent vs 8.2 percent) and government expenditure (2.9 percent vs 3.9 percent) slowed. Also, net foreign demand contributed positively to growth, as exports climbed 4.7 percent (vs 3.3 percent in Q2) and imports went up at a softer 1.1 percent (vs 8.3 percent in Q2). On a seasonally adjusted quarterly basis, the GDP grew 0.8 percent, above a 0.5 percent gain in Q2.
GDP Annual Growth Rate in Croatia averaged 1.93 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. This page provides - Croatia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP Annual Growth Rate in Croatia is expected to be 2.20 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 3.00 in 12 months time. In the long-term, the Croatia GDP Annual Growth Rate is projected to trend around 2.00 percent in 2021, according to our econometric models.