Croatia GDP Annual Growth Rate

Croatia’s gross domestic product advanced 3.4 percent year-on-year in the fourth quarter of 2016, following a 2.9 percent growth in the previous period, according to preliminary estimates. It was the strongest expansion since the first quarter of 2008, boosted by household consumption (3.6 percent vs 3.4 percent in Q3) and investments (4.6 percent from 2.9 percent). Meanwhile, the growth slowed for government expenditure (1.8 percent vs 2.1 percent in Q2). 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 expands 2.9 percent, compared to 1.6 percent in 2015. GDP Annual Growth Rate in Croatia averaged 1.65 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)
2016-11-30 10:00 AM Q3 2.9% 2.8% 2.6%
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 2.9% 3.4% 3.4%
2017-05-31 09:00 AM Q1 2.4%
2017-06-02 09:00 AM Q1 2.4%

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

Last
Iceland 10.20 Sep/16
Ivory Coast 9.90 Sep/16
Ethiopia 9.60 Dec/15
Papua New Guinea 9.00 Dec/15
Uzbekistan 7.80 Dec/16
Cambodia 7.20 Dec/16
Bangladesh 7.11 Dec/16
India 7.00 Dec/16
Laos 7.00 Dec/15
Macau 7.00 Dec/16
Myanmar 7.00 Dec/15
Ireland 6.90 Sep/16
Tajikistan 6.90 Dec/16
China 6.80 Dec/16
Maldives 6.80 Jun/16
Djibouti 6.70 Dec/15
Vietnam 6.68 Dec/16
Philippines 6.60 Dec/16
Moldova 6.30 Sep/16
Tanzania 6.20 Sep/16
Turkmenistan 6.20 Dec/16
Senegal 6.00 Sep/16
Dominican Republic 5.80 Sep/16
Kenya 5.70 Sep/16
Chad 5.60 Dec/15
Niger 5.60 Sep/16
Bhutan 5.50 Dec/15
Togo 5.50 Sep/16
Burkina Faso 5.40 Sep/16
Mali 5.40 Sep/16
Monaco 5.40 Dec/15
Sao Tome and Principe 5.30 Dec/15
Guinea Bissau 5.20 Sep/16
Palestine 5.20 Sep/16
Rwanda 5.20 Sep/16
Benin 5.00 Sep/16
Paraguay 5.00 Sep/16
Indonesia 4.94 Dec/16
Central African Republic 4.90 Dec/15
Sudan 4.90 Dec/15
Luxembourg 4.80 Sep/16
Panama 4.80 Sep/16
Gambia 4.70 Dec/15
Romania 4.70 Dec/16
Ukraine 4.70 Dec/16
Botswana 4.50 Sep/16
Malaysia 4.50 Dec/16
East Timor 4.30 Dec/15
Nicaragua 4.30 Sep/16
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Fiji 4.20 Dec/15
Gabon 4.20 Dec/15
Sri Lanka 4.10 Sep/16
Cape Verde 4.00 Sep/16
Ghana 4.00 Sep/16
Mauritius 4.00 Sep/16
Costa Rica 3.99 Sep/16
Algeria 3.90 Dec/15
Bahrain 3.90 Sep/16
Israel 3.80 Sep/16
Kosovo 3.80 Sep/16
Kyrgyzstan 3.80 Dec/16
Cameroon 3.70 Mar/16
Qatar 3.70 Sep/16
Honduras 3.60 Dec/15
Zambia 3.60 Dec/15
New Zealand 3.50 Sep/16
Bulgaria 3.40 Dec/16
Croatia 3.40 Dec/16
Lesotho 3.40 Dec/15
United Arab Emirates 3.40 Dec/15
Bolivia 3.24 Jun/16
Comoros 3.20 Dec/15
Lithuania 3.20 Dec/16
Albania 3.10 Sep/16
Hong Kong 3.10 Dec/16
Mauritania 3.10 Dec/15
Slovakia 3.10 Dec/16
Cayman Islands 3.00 Jun/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Malta 3.00 Sep/16
Peru 3.00 Dec/16
Spain 3.00 Dec/16
Thailand 3.00 Dec/16
Malawi 2.90 Dec/15
Singapore 2.90 Dec/16
Taiwan 2.88 Dec/16
Cyprus 2.80 Dec/16
Estonia 2.70 Dec/16
Poland 2.70 Dec/16
Somalia 2.70 Dec/15
Guatemala 2.60 Sep/16
Slovenia 2.60 Dec/16
El Salvador 2.51 Sep/16
Congo 2.50 Dec/16
Serbia 2.50 Dec/16
Australia 2.40 Dec/16
Bosnia and Herzegovina 2.40 Sep/16
Iraq 2.40 Dec/15
Macedonia 2.40 Sep/16
Mexico 2.40 Dec/16
Montenegro 2.40 Sep/16
Egypt 2.30 Mar/16
Georgia 2.30 Sep/16
Netherlands 2.30 Dec/16
South Korea 2.30 Dec/16
Sweden 2.30 Dec/16
New Caledonia 2.20 Dec/15
Afghanistan 2.10 Dec/15
Latvia 2.10 Dec/16
Jamaica 2.00 Sep/16
Portugal 2.00 Dec/16
United Kingdom 2.00 Dec/16
Uruguay 2.00 Sep/16
Denmark 1.90 Dec/16
United States 1.90 Dec/16
European Union 1.80 Dec/16
Jordan 1.80 Sep/16
Kuwait 1.80 Dec/15
Norway 1.80 Dec/16
Uganda 1.75 Sep/16
Austria 1.70 Dec/16
Czech Republic 1.70 Dec/16
Euro Area 1.70 Dec/16
Japan 1.70 Dec/16
Swaziland 1.70 Dec/15
Barbados 1.60 Dec/16
Chile 1.60 Sep/16
Colombia 1.60 Dec/16
Hungary 1.60 Dec/16
Zimbabwe 1.50 Dec/15
Haiti 1.40 Dec/16
Canada 1.30 Sep/16
Finland 1.30 Dec/16
Switzerland 1.30 Sep/16
Tunisia 1.30 Sep/16
Belgium 1.20 Dec/16
Germany 1.20 Dec/16
Morocco 1.20 Dec/16
Republic of the Congo 1.20 Dec/15
France 1.10 Dec/16
Italy 1.10 Dec/16
Mozambique 1.10 Dec/16
Kazakhstan 1.00 Dec/16
Lebanon 1.00 Dec/15
Mongolia 1.00 Dec/16
Saudi Arabia 0.90 Sep/16
Nepal 0.77 Dec/15
South Africa 0.70 Sep/16
Bahamas 0.60 Dec/16
Iran 0.60 Mar/15
Eritrea 0.30 Dec/15
Greece 0.30 Dec/16
Liberia 0.30 Dec/15
Guinea 0.10 Dec/15
Russia -0.40 Sep/16
Puerto Rico -0.60 Dec/15
Belize -0.80 Sep/16
Liechtenstein -0.80 Dec/14
Cuba -0.90 Dec/16
Armenia -1.00 Dec/17
Namibia -1.00 Sep/16
North Korea -1.10 Dec/15
Nigeria -1.30 Dec/16
Ecuador -1.60 Sep/16
Turkey -1.80 Sep/16
Belarus -1.90 Dec/16
Suriname -2.10 Dec/15
Syria -2.30 Dec/11
Brazil -2.90 Sep/16
Argentina -3.80 Sep/16
Azerbaijan -3.80 Dec/16
Brunei -3.80 Sep/16
Burundi -4.10 Dec/15
Angola -4.30 Sep/16
South Sudan -5.30 Dec/15
Libya -6.00 Dec/15
Trinidad and Tobago -8.00 Jun/16
Equatorial Guinea -10.60 Dec/15
Oman -14.10 Dec/15
Venezuela -18.60 Dec/16
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15