Croatia's gross domestic product expanded by a record 16.1 percent year-on-year in the second quarter of 2021, the first period of growth in over a year, reflecting a low base year triggered by the coronavirus crisis and the ongoing economic recovery. Household consumption jumped 18.4 percent and fixed investment surged by 18.3 percent. In addition, public spending advanced by 4.0 percent and net external demand contributed positively to the GDP as exports rose more than imports. On a seasonally adjusted quarterly basis, Croatia's GDP fell slightly by 0.2 percent. source: Croatian Bureau of Statistics
GDP Annual Growth Rate in Croatia averaged 1.96 percent from 1996 until 2021, reaching an all time high of 16.10 percent in the second quarter of 2021 and a record low of -14.40 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 October of 2021.
GDP Annual Growth Rate in Croatia is expected to be 11.60 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 4.00 percent in 2022 and 2.00 percent in 2023, according to our econometric models.