Croatia’s gross domestic product advanced 2.3 percent year-on-year in the fourth quarter of 2018, unrevised from the preliminary estimate and easing from a 2.8 percent growth in the previous period. It was the smallest pace of expansion since the last quarter of 2017, mainly due to a slowdown in government spending (2.3 percent from 3.9 percent in Q3). In addition, exports went up 1.3 percent (from 3.7 percent in Q3) while imports advanced at a much faster 6.6 percent (from 5.1 percent in Q3). On the other hand, households’ consumption (3.9 percent from 2.7 percent) and gross fixed capital formation (6.1 percent from 3.7 percent) rose faster. On a seasonally adjusted quarterly basis, the GDP edged up 0.1 percent, the weakest growth since the flat reading in the fourth quarter of 2015, compared to a 0.6 percent gain in Q3. Considering full 2018, the economy expanded 2.6 percent, after a 2.9 percent growth in 2017. GDP Annual Growth Rate in Croatia averaged 1.89 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 2.70 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
2018-08-31 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 2.3% 2.8% 2.9%
2019-03-01 10:00 AM GDP Growth Rate YoY Final 2.3% 2.8% 2.3%
2019-05-29 09:00 AM GDP Growth Rate YoY Prel
2019-05-31 09:00 AM GDP Growth Rate YoY Final 2.3%
2019-08-28 09:00 AM GDP Growth Rate YoY Prel


Croatia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.60 3.70 -4.60 percent [+]
GDP Annual Growth Rate 2.30 2.80 6.60 -8.60 percent [+]
GDP 54.85 51.34 70.48 10.28 USD Billion [+]
GDP Constant Prices 88336.00 99110.00 99110.00 59905.00 HRK Million [+]
Gross Fixed Capital Formation 19215.00 20082.00 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 3064.00 2664.00 3708.00 1761.00 HRK Million [+]
GDP From Construction 4006.00 4013.00 6482.00 2566.00 HRK Million [+]
GDP From Manufacturing 10977.00 10582.00 11941.00 8499.00 HRK Million [+]
GDP From Public Administration 11728.00 11723.00 11730.00 10162.00 HRK Million [+]
GDP From Services 14646.00 22169.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.80 6.60 -8.60 1998 - 2018 percent Quarterly
NSA




Country Last Previous
India 6.60 Dec/18
China 6.40 Dec/18
Indonesia 5.18 Dec/18
South Korea 3.10 Dec/18
United States 3.10 Dec/18
Saudi Arabia 2.50 Sep/18
Spain 2.40 Dec/18
Australia 2.30 Dec/18
Netherlands 2.00 Dec/18
Singapore 1.90 Dec/18
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Russia 1.50 Sep/18
Switzerland 1.40 Dec/18
United Kingdom 1.30 Dec/18
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 0.90 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -3.50 Sep/18


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