Croatia GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

2.9

Units In

3.7

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
16.5 Jun 2021	-14.4 Jun 2020	2.4 %	1996-2025	Croatian Bureau of Statistics

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.

Latest Updates

Croatia's economy grew by 2.9% year-on-year in the first quarter of 2025, slowing from an upwardly revised 3.9% expansion in the previous quarter. The slowdown was driven by weaker growth in household consumption (1.7% vs 6.3% in Q4), government spending (5.8% vs 8.9%), and gross fixed capital formation (4.5% vs 9.5%). Net external demand also contributed negatively to the GDP, as imports (8.8%) rose more than exports (6%). On a seasonally adjusted quarterly basis, GDP rose by 0.3% in the March quarter, easing from a downwardly revised 1.2% growth in the preceding period.