Croatia's gross domestic product advanced 2.9 percent year-on-year in the second quarter of 2018, matching the preliminary estimate and above a 2.5 percent rise in the previous period. It was the strongest expansion since the third quarter of 2017. The main contributor to growth was net trade, as exports surged 5.6 percent, reversing from a 0.5 percent fall in Q1 while imports advanced at a softer 4.7 percent (compared to 5.5 percent in Q1). On the other hand, output slowed for household consumption (3.6 percent from 3.9 percent); fixed investment (3.1 percent from 3.6 percent) and government sending (2.5 percent from 2.8 percent). On a seasonally adjusted quarterly basis, the economy expanded 1.1 percent, in line with the preliminary estimate, and above a 0.8 percent increase in the first quarter. GDP Annual Growth Rate in Croatia averaged 1.87 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.

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 2.9% 2.7%


Croatia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.80 3.70 -4.60 percent [+]
GDP Annual Growth Rate 2.90 2.50 6.60 -8.60 percent [+]
GDP 54.85 51.34 70.48 10.28 USD Billion [+]
GDP Constant Prices 89781.00 79593.00 96378.00 59905.00 HRK Million [+]
Gross Fixed Capital Formation 20365.00 17676.00 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 2315.00 1936.00 3708.00 1761.00 HRK Million [+]
GDP From Construction 3988.00 3686.00 6482.00 2566.00 HRK Million [+]
GDP From Manufacturing 11106.00 10136.00 11941.00 8499.00 HRK Million [+]
GDP From Public Administration 11730.00 11542.00 11730.00 10162.00 HRK Million [+]
GDP From Services 16705.00 12153.00 21364.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.50 6.60 -8.60 1998 - 2018 percent Quarterly
NSA




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Japan 0.30 Sep/18
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