The Gross Domestic Product (GDP) in Croatia contracted 1.30 percent in the second quarter of 2022 over the previous quarter. source: Croatian Bureau of Statistics

GDP Growth Rate in Croatia averaged 0.53 percent from 1996 until 2022, reaching an all time high of 7.40 percent in the first quarter of 2021 and a record low of -13.90 percent in the second quarter of 2020. This page provides - Croatia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

GDP Growth Rate in Croatia is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Croatia GDP Growth Rate is projected to trend around 0.90 percent in 2023 and 1.00 percent in 2024, according to our econometric models.

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Croatia GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate -1.30 2.70 percent Jun 2022
GDP Annual Growth Rate 7.70 7.00 percent Jun 2022
GDP Constant Prices 105792.00 93823.00 HRK Million Jun 2022
Gross Fixed Capital Formation 21915.00 21401.00 HRK Million Jun 2022
GDP from Services 23015.00 16333.00 HRK Million Jun 2022
GDP from Public Administration 13783.00 13451.00 HRK Million Jun 2022
GDP from Manufacturing 13304.00 12056.00 HRK Million Jun 2022
GDP from Construction 5127.00 4987.00 HRK Million Jun 2022
GDP from Agriculture 2798.00 2526.00 HRK Million Jun 2022

Croatia GDP Growth Rate
The most important sector of Croatian economy is services with tourism accounting for 20 percent of GDP. The industry, although declining in recent years, is led by shipbuilding, food processing, pharmaceuticals and information technology. 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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.30 2.70 7.40 -13.90 1996 - 2022 percent Quarterly