Croatia’s gross domestic product advanced by 7.7 percent year-on-year in the second quarter of 2022, faster than a 7% expansion in the previous period. It was the fifth consecutive quarter of growth following a pandemic-induced recession, supported by robust household consumption (7.7 percent vs 6.3 percent in Q1) and fixed investment (5 percent vs 7.9 percent). Additionally, net external demand contributed positively to the GDP, as exports jumped 41.9 percent (vs 29.4 percent in Q1) whereas imports advanced at a slower 28.6 percent (vs 25 percent in Q1). Meanwhile, government spending declined (-2.2 percent vs 5.9 percent). On a seasonally adjusted quarterly basis, Croatia’s GDP increased 2 percent, after a 2.8 percent growth in the previous quarter. source: Croatian Bureau of Statistics
GDP Annual Growth Rate in Croatia averaged 2.29 percent from 1996 until 2022, reaching an all time high of 16.40 percent in the second quarter of 2021 and a record low of -14.50 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 October of 2022.
GDP Annual Growth Rate in Croatia is expected to be 3.70 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 4.50 percent in 2023 and 3.60 percent in 2024, according to our econometric models.