Croatia GDP Growth Rate  2001-2016 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Croatia contracted 0.50 percent in the fourth quarter of 2015 over the previous quarter, compared to a 1.4 percent gain in the previous period. It is the first contraction since the second quarter of 2014. GDP Growth Rate in Croatia averaged 0.35 percent from 2001 until 2015, reaching an all time high of 4.20 percent in the first quarter of 2008 and a record low of -3.70 percent in the first quarter of 2009. GDP Growth Rate in Croatia is reported by the Croatian Bureau of Statistics.

Croatia GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.50 1.40 4.20 -3.70 2001 - 2015 percent Quarterly
SA
Between 2000 and 2007 Croatian economy with the ultimate goal of joining the European Union has led to steady growth rates. However, due to the global financial crisis, the country's GDP fell by 7.4 percent in 2009 and it continued contracting by an average of more than 1 percent in the 2010-14 period. The most important sector of the economy is services with tourism accounting for 20 percent of GDP. The industry, although declining in recent years, is led by shipbuilding, food processing, pharmaceuticals and information technology. 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 Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-04-02 10:00 AM Q4 2013 -0.4% -0.2%(R)
2014-07-02 10:00 AM Q1 0.0% -0.3%(R) -0.08%

Croatia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.50 1.40 4.20 -3.70 percent [+]
GDP Annual Growth Rate 1.90 2.80 6.80 -8.60 percent [+]
GDP 57.11 57.77 70.45 10.28 USD Billion [+]
GDP Constant Prices 80345.00 88025.00 95403.00 60002.00 HRK Million [+]
Gross Fixed Capital Formation 16095.00 17201.00 26596.00 9734.00 HRK Million [+]
GDP per capita 10561.27 10555.60 11515.95 3472.80 USD [+]
GDP per capita PPP 20059.77 20048.99 21873.06 12543.38 USD [+]
GDP From Agriculture 3469.00 2959.00 4022.00 2142.00 HRK Million [+]
GDP From Construction 3442.00 3448.00 6533.00 2608.00 HRK Million [+]
GDP From Manufacturing 10345.00 10175.00 12108.00 8543.00 HRK Million [+]
GDP From Public Administration 10961.00 10962.00 11178.00 10179.00 HRK Million [+]
GDP From Services 12712.00 19326.00 20280.00 7653.00 HRK Million [+]




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Latvia -0.10 Mar/16
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Japan -0.30 Dec/15
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Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Iceland -1.10 Dec/15
Jamaica -1.20 Sep/15
Norway -1.20 Dec/15
Brazil -1.40 Dec/15
Indonesia -1.83 Dec/15
Mozambique -2.10 Dec/15
Bolivia -9.72 Jun/15