Croatia’s gross domestic product expanded 0.1 percent on quarter in the three months to December of 2018, easing from a 0.6 percent advance in the previous month, preliminary estimates showed. It was the softest pace of expansion since the last quarter of 2015, when the economy stalled. On a yearly basis, the economy advanced 2.3 percent, following a 2.8 percent gain in Q3 and making the lowest growth in one year. Considering full 2018, the economy advanced 2.6 percent, after a 2.8 percent gain in 2017, first estimates showed. GDP Growth Rate in Croatia averaged 0.43 percent from 2001 until 2018, reaching an all time high of 3.70 percent in the second quarter of 2005 and a record low of -4.60 percent in the first quarter of 2009.
GDP Growth Rate in Croatia is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Croatia to stand at 0.70 in 12 months time. In the long-term, the Croatia GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.