Croatia GDP Annual Growth Rate  1998-2017 | Data | Chart | Calendar

Croatia's gross domestic advanced 3.4 percent year-on-year in the fourth quarter of 2016, accelerating from a 2.9 percent growth in the previous period and matching a preliminary estimate, final figures showed. Growth was mainly driven by household consumption (3.6 percent vs 3.4 percent in Q3) and gross fixed capital formation (4.6 percent vs 2.9 percent). Meantime, government expenditure slowed (1.8 percent vs 2.1 percent in Q3). The contribution of net foreign demand was negative (-0.3 percent), as exports rose 9.7 percent (6.3 percent in Q3) and imports also advanced 9.7 percent (6 percent in Q3). On a seasonally adjusted quarterly basis, the economy expanded 0.6 percent. In 2016, the GDP grew 2.9 percent, compared to 1.6 percent in 2015. GDP Annual Growth Rate in Croatia averaged 1.66 percent from 1998 until 2016, reaching an all time high of 6.80 percent in the third quarter of 2002 and a record low of -8.60 percent in the first quarter of 2009.

Croatia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-07 10:00 AM Q3 2.9% 2.8% 2.9% 2.9%
2017-02-28 10:00 AM Q4 3.4% 2.9% 2.6%
2017-03-07 10:00 AM Q4 3.4% 2.9% 3.4% 3.4%
2017-05-31 09:00 AM Q1 3.4% 2.4%
2017-06-02 09:00 AM Q1 2.4%
2017-08-30 09:00 AM Q2 2.1%




Croatia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 1.70 4.10 -3.70 percent [+]
GDP Annual Growth Rate 3.40 2.90 6.80 -8.60 percent [+]
GDP 48.73 57.14 70.48 10.28 USD Billion [+]
GDP Constant Prices 82959.00 90407.00 95403.00 60002.00 HRK Million [+]
Gross Fixed Capital Formation 16983.00 17882.00 26596.00 9734.00 HRK Million [+]
GDP per capita 13807.35 13539.12 14782.67 8477.29 USD [+]
GDP per capita PPP 20429.99 20033.11 21873.13 12543.40 USD [+]
GDP From Agriculture 3190.00 2873.00 4022.00 2142.00 HRK Million [+]
GDP From Construction 3615.00 3581.00 6533.00 2608.00 HRK Million [+]
GDP From Manufacturing 11074.00 10384.00 12108.00 8543.00 HRK Million [+]
GDP From Public Administration 11060.00 11113.00 11180.00 10179.00 HRK Million [+]
GDP From Services 13420.00 20257.00 20280.00 7653.00 HRK Million [+]



Croatia GDP Annual Growth Rate Notes

Croatia joined the European Union in 2013, following a decade-long application process. Croatia's main industries are tourism, ICT, automotive, food, pharmaceutical, logistics, metal and textile. 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 2.90 6.80 -8.60 1998 - 2016 percent Quarterly
NSA



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