Croatia - KDNK Kadar Pertumbuhan Tahunan

Croatia’s gross domestic product grew 2.4 percent year-on-year in the second quarter of 2019, easing from a 3.9 percent expansion in the previous period. Household consumption (2.7 percent from 4.4 percent in Q1) and gross fixed capital formation (8.2 percent from 1.5 percent) slowed while government expenditure advanced faster (3.9 percent from 3.1 percent). Also, net foreign demand contributed negatively to GDP growth, as exports rose 1.3 percent (from 4.6 percent in Q1) and imports jumped at a faster 6.7 percent (from 7.7 percent in Q1). On a seasonally adjusted quarterly basis, the GDP expanded 0.2 percent, much softer than a downwardly revised 1.5 percent growth in the first quarter.

Croatia’s gross domestic product grew 3.9 percent year-on-year in the first quarter of 2019, unrevised from a preliminary estimate and following a 2.3 percent expansion in the previous period, final figures showed. It was the strongest growth rate since the last quarter of 2016, driven by private consumption (4.3 percent vs 3.9 percent in Q4) and government spending (3.1 percent vs 2.3 percent). Also, gross fixed capital formation jumped (11.5 percent vs 6.1 percent). The contribution of net foreign demand was negative, as exports went up 4.6 percent (vs 1.3 percent in Q4) while imports rose at a faster 7.7 percent (vs 6.6 percent in Q4). On a seasonally adjusted quarterly basis, the GDP expanded 1.8 percent in the first quarter of 2019, after an upwardly revised 0.2 percent growth in the prior period.

Croatia’s gross domestic product advanced 3.9 percent year-on-year in the first quarter of 2019, following a 2.3 percent expansion in the previous period, a preliminary estimate showed. It was the strongest growth rate since the last quarter of 2016, mainly driven by private consumption (4.4 percent vs 3.9 percent in Q4) and government spending (3.1 percent vs 2.3 percent). Also, gross fixed capital formation increased further (11.5 percent vs 6.1 percent). The contribution of net foreign demand was negative, as exports went up 4.6 percent (vs 1.3 percent in Q4) while imports advanced at a faster 7.7 percent (vs 6.6 percent in Q4). On a seasonally adjusted quarterly basis, the GDP expanded 1.8 percent in the first quarter of 2019, after an upwardly revised 0.2 percent growth in the prior period.

Croatia’s gross domestic product advanced 2.3 percent year-on-year in the fourth quarter of 2018, unrevised from the preliminary estimate and easing from a 2.8 percent growth in the previous period. It was the smallest pace of expansion since the last quarter of 2017, mainly due to a slowdown in government spending (2.3 percent from 3.9 percent in Q3). In addition, exports went up 1.3 percent (from 3.7 percent in Q3) while imports advanced at a much faster 6.6 percent (from 5.1 percent in Q3). On the other hand, households’ consumption (3.9 percent from 2.7 percent) and gross fixed capital formation (6.1 percent from 3.7 percent) rose faster. On a seasonally adjusted quarterly basis, the GDP edged up 0.1 percent, the weakest growth since the flat reading in the fourth quarter of 2015, compared to a 0.6 percent gain in Q3. Considering full 2018, the economy expanded 2.6 percent, after a 2.9 percent growth in 2017.

Croatia’s gross domestic product advanced 2.3 percent year-on-year in the fourth quarter of 2018, easing from a 2.8 percent growth in the previous period, preliminary estimates showed. It was the smallest pace of expansion since the last quarter of 2017, mainly due to a slowdown in government spending (2.3 percent from 3.9 percent in Q3). In addition, net trade contributed negatively to growth, as exports went up 1.3 percent (from 3.7 percent in Q3) while imports advanced at a much faster 6.6 percent (from 5.1 percent in Q3). On the other hand, households’ consumption (3.9 percent from 2.7 percent) and gross fixed capital formation (6.1 percent from 3.7 percent) rose faster. On a seasonally adjusted quarterly basis, the GDP edged up 0.1 percent, the weakest growth since the economy stalled in the fourth quarter of 2015, compared to 0.6 percent gain in Q3. Considering full 2018, the economy expanded 2.6 percent, after a 2.8 percent growth in 2017, first estimates showed.