Croatia GDP Growth Rate

The Gross Domestic Product (GDP) in Croatia contracted 0.40 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Croatia is reported by the Eurostat. GDP Growth Rate in Croatia averaged 0.35 Percent from 2000 until 2013, reaching an all time high of 2.10 Percent in the third quarter of 2002 and a record low of -5.50 Percent in the first quarter of 2009. Croatia, formerly a republic of SFR Yugoslavia, began an economic transition in the late 1980s due to loss of industry, war and market access after the fall of Yugoslavia. After 2000, the reshuffling of the Croatian economy with the ultimate goal of joining the European Union has led to steady growth rates. The most important sector of the economy is services with tourism accounting for 20% of GDP. The industry, although declining in recent years, is lead by shipbuilding, food processing, pharmaceuticals and information technology. This page provides - Croatia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.40 -0.20 2.10 -5.50 -0.10 | 2013/12 2000 - 2013 Percent Quarterly

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Croatia GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-02 10:00 AM Croatia
GDP Growth Rate QoQ Final
Q4 2013 -0.4% -0.2% (R)
2014-05-30 10:00 AM Croatia
GDP Growth Rate QoQ Flash
Q1 2014 -0.4% -0.08%
2014-06-10 10:00 AM Croatia
GDP Growth Rate QoQ Final
Q1 2014 -0.4%
2014-08-29 10:00 AM Croatia
GDP Growth Rate QoQ Flash
Q2 2014 -0.24%
2014-09-10 10:00 AM Croatia
GDP Growth Rate QoQ Final
Q2 2014
2014-11-28 10:00 AM Croatia
GDP Growth Rate QoQ Flash
Q3 2014 0.01%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 56.44 2012-12-31 61.79 69.60 10.28 50.15 2014-06-30 USD Billion [+]
GDP Annual Growth Rate -1.20 2013-12-31 -0.60 20.40 -8.30 -0.43 2014-03-31 Percent [+]
GDP Constant Prices 65716.00 2013-11-15 71563.00 79384.00 50029.00 64705.77 2014-03-31 HRK Million [+]
GDP per capita 10627.56 2012-12-31 10809.99 11376.47 3472.80 10541.77 2014-06-30 USD [+]
GDP per capita PPP 16148.16 2012-12-31 16425.36 17286.10 6817.80 15909.95 2014-06-30 USD [+]
GDP Growth Rate -0.40 2013-12-31 -0.20 2.10 -5.50 -0.10 2013-12-31 Percent [+]
Gross Fixed Capital Formation 13645.00 2013-11-15 14836.00 23685.00 8285.00 13383.20 2013-12-31 HRK Million [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Croatia Core Inflation Rate at 0.30 Percent  
Core Inflation Rate in Croatia increased 0.30 percent in March of 2014 over the same month in the previous year. Core Inflation Rate in Croatia is reported by the Croatian Bureau of Statistics.
Croatia Bank Lending Rate at 5.97 Percent  
Bank Lending Rate in Croatia decreased to 5.97 percent in January of 2014 from 6.12 percent in December of 2013. Bank Lending Rate in Croatia is reported by the Croatian National Bank.
Croatia Capital Flows at 439.90 EUR Million  
Capital Flows in Croatia increased to 439.90 EUR Million in the fourth quarter of 2013 from -1443 EUR Million in the third quarter of 2013. Capital Flows in Croatia is reported by the Croatian National Bank.
Croatia Changes in Inventories at 262.00 HRK Million  
Changes in Inventories in Croatia increased to 262 HRK Million in the fourth quarter of 2013 from -6775 HRK Million in the third quarter of 2013. Changes in Inventories in Croatia is reported by the Croatian Bureau of Statistics.
Croatia Consumer Price Index (CPI) at 107.80 Index Points  
Consumer Price Index (CPI) in Croatia increased to 107.80 Index Points in March of 2014 from 107.30 Index Points in February of 2014. Consumer Price Index (CPI) in Croatia is reported by the Croatian Bureau of Statistics.
Croatia Consumer Spending at 40432.00 HRK Million  
Consumer Spending in Croatia increased to 40432 HRK Million in the fourth quarter of 2013 from 37768 HRK Million in the third quarter of 2013. Consumer Spending in Croatia is reported by the Croatian Bureau of Statistics.
Croatia Core Consumer Prices at 105.30 Index Points  
Core Consumer Prices in Croatia increased to 105.30 Index Points in March of 2014 from 104.40 Index Points in February of 2014. Core Consumer Prices in Croatia is reported by the Croatian Bureau of Statistics.
Croatia Current Account at -729.10 EUR Million  
Croatia recorded a Current Account deficit of 729.10 EUR Million in the fourth quarter of 2013. Current Account in Croatia is reported by the Croatian National Bank.
Croatia Employed Persons at 1387.00 Thousand  
The number of employed persons in Croatia decreased to 1387 Thousand in the fourth quarter of 2013 from 1426 Thousand in the third quarter of 2013. Employed Persons in Croatia is reported by the Croatian Bureau of Statistics.
Croatia External Debt at 14376.00 USD Million  
External Debt in Croatia decreased to 14376 USD Million in January of 2014 from 14435 USD Million in December of 2013. External Debt in Croatia is reported by the Croatian National Bank.
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