Croatia's gross domestic product advanced 2.8 percent year-on-year in the third quarter of 2018, slowing from a 2.9 percent gain in the previous period, preliminary figures showed. Output increased less for household consumption (2.7 percent vs 3.6 percent in Q2); and net trade contributed negatively to growth, as exports rose at a softer 3.7 percent (from 5.6 percent in the prior quarter) while imports surged 5.1 percent (from 4.7 percent). Contrarily, output went up faster for fixed investment (3.7 percent vs 3.1 percent) and government spending (3.9 percent vs 2.5 percent). On a seasonally adjusted quarterly basis, the economy edged up 0.6 percent, after a downwardly revised 1.0 percent increase in the previous quarter. GDP Annual Growth Rate in Croatia averaged 1.88 percent from 1998 until 2018, 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.

GDP Annual Growth Rate in Croatia is expected to be 2.90 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 2.90 in 12 months time. In the long-term, the Croatia GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.

Croatia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-01 10:25 AM GDP Growth Rate YoY Final 2.5% 2.2% 2.5%
2018-08-29 09:00 AM GDP Growth Rate YoY Prel 2.9% 2.5% 2.9%
2018-08-31 09:00 AM GDP Growth Rate YoY Final 2.9% 2.5% 2.9%
2018-11-28 10:00 AM GDP Growth Rate YoY Prel 2.8% 2.9% 2.7%
2019-02-27 10:00 AM GDP Growth Rate YoY Prel 2.9%
2019-03-01 10:00 AM GDP Growth Rate YoY Final 2.9%
2019-05-29 09:00 AM GDP Growth Rate YoY Prel


Croatia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 1.00 3.70 -4.60 percent [+]
GDP Annual Growth Rate 2.80 2.90 6.60 -8.60 percent [+]
GDP 54.85 51.34 70.48 10.28 USD Billion [+]
GDP Constant Prices 99110.00 89781.00 99110.00 59905.00 HRK Million [+]
Gross Fixed Capital Formation 20082.00 20365.00 26596.00 9734.00 HRK Million [+]
GDP per capita 15219.88 14635.88 15219.88 8475.14 USD [+]
GDP per capita PPP 22669.80 21799.93 22669.80 12623.60 USD [+]
GDP From Agriculture 2664.00 2315.00 3708.00 1761.00 HRK Million [+]
GDP From Construction 4013.00 3988.00 6482.00 2566.00 HRK Million [+]
GDP From Manufacturing 10582.00 11106.00 11941.00 8499.00 HRK Million [+]
GDP From Public Administration 11723.00 11730.00 11730.00 10162.00 HRK Million [+]
GDP From Services 22169.00 16705.00 22169.00 7565.00 HRK Million [+]


Croatia GDP Annual Growth Rate

Croatia joined the European Union in 2013, following a decade-long application process. Croatia's main industries are tourism, ICT, automotive, food, pharmaceutical, logistics, metal and textile. 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. This page provides - Croatia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.90 6.60 -8.60 1998 - 2018 percent Quarterly
NSA




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India 7.10 Sep/18
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Mexico 2.50 Sep/18
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Turkey 1.60 Sep/18
Russia 1.50 Sep/18
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Brazil 1.30 Sep/18
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South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -3.50 Sep/18


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