Croatia’s gross domestic product advanced by 7 percent year-on-year in the first quarter of 2022, following a 9.7 percent expansion in the previous period. It was the fourth consecutive quarter of growth following a pandemic-induced recession. Both household consumption (6.3 percent vs 7.7 percent in Q4) and government spending (5.9 percent vs 14.4 percent) slowed while fixed investment picked up (7.9 percent vs 0.8 percent). Meanwhile, net external demand contributed positively to the GDP as exports jumped 29.4 percent (vs 31.7 percent in Q4) while imports grew at a softer 25 percent (vs 16.4 percent in Q4). Croatia's government expects the country's real GDP to grow by 3 percent in 2022. source: Croatian Bureau of Statistics
GDP Annual Growth Rate in Croatia averaged 2.21 percent from 1996 until 2022, reaching an all time high of 16.40 percent in the second quarter of 2021 and a record low of -14.50 percent in the second quarter of 2020. This page provides - Croatia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
GDP Annual Growth Rate in Croatia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Croatia GDP Annual Growth Rate is projected to trend around 4.50 percent in 2023 and 3.60 percent in 2024, according to our econometric models.