Croatia GDP growth slows in Q4

In Hungary

Shutterstock.com

Croatia’s gross domestic product (GDP grew 2.5% year-on-year in the last quarter of 2019, easing from a 2.9% expansion in the previous period, the Zagreb-based Croatian Bureau of Statistics (Crostat) says. 

Photo by Shutterstock/com.

Gross fixed capital formation added 4% annually in the fourth quarter, while net trade contributed negatively to growth, with export rising 5.6% (vs 5.1% in Q3) and imports increasing 0.1% (vs 4.3% in Q3).

In the meantime, both household (4% vs 3.1%) and government spending (3.5% vs 2.9%) advanced faster. On a seasonally adjusted quarterly basis, the GDP expanded 0.32%, following a 0.8% growth in the previous quarter. For the whole 2019, the GDP advanced 2.9%, Crostat said on February 28.

ADVERTISEMENT

More Romanians at poverty risk since the COVID pandemic Analysis

More Romanians at poverty risk since the COVID pandemic

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.