Croatia GDP Growth at Softest Pace Since 2020

2026-05-28 09:58 By Erika Ordonez 1 min. read

Croatia's economy expanded by 2.2% year-on-year in the first quarter of 2026, slowing from an upwardly revised 3.9% in the previous period and marking the weakest growth since a contraction in the fourth quarter of 2020.

Government spending eased further (0.7% vs 2.8% in Q4 2025), while household consumption held steady at 2.6%.

Net external demand also weighed on activity, as exports (-1.6% vs 1.5%) fell more than imports (-0.3% vs 0.3%).

Gross fixed capital formation slowed to 2.5% from 7.0%.

On the production side, growth softened in manufacturing (1.1% vs 6.4%), construction (2.8% vs 7.2%), wholesale and retail trade, transportation, storage, accommodation, and food service activities (1.8% vs 2.1%), and financial and insurance services (1.2% vs 2.9%).

Meanwhile, stronger growth was seen in agriculture, forestry, and fishing (4.8% vs 1.7%) and public administration (3.0% vs 1.0%).

On a seasonally adjusted quarterly basis, GDP was unchanged after a 1.2% rise in the previous period.



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Croatia GDP Growth at Softest Pace Since 2020
Croatia's economy expanded by 2.2% year-on-year in the first quarter of 2026, slowing from an upwardly revised 3.9% in the previous period and marking the weakest growth since a contraction in the fourth quarter of 2020. Government spending eased further (0.7% vs 2.8% in Q4 2025), while household consumption held steady at 2.6%. Net external demand also weighed on activity, as exports (-1.6% vs 1.5%) fell more than imports (-0.3% vs 0.3%). Gross fixed capital formation slowed to 2.5% from 7.0%. On the production side, growth softened in manufacturing (1.1% vs 6.4%), construction (2.8% vs 7.2%), wholesale and retail trade, transportation, storage, accommodation, and food service activities (1.8% vs 2.1%), and financial and insurance services (1.2% vs 2.9%). Meanwhile, stronger growth was seen in agriculture, forestry, and fishing (4.8% vs 1.7%) and public administration (3.0% vs 1.0%). On a seasonally adjusted quarterly basis, GDP was unchanged after a 1.2% rise in the previous period.
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