Croatia GDP Grows 4.3% y.o.y. in Q4 2023

Analysis

Photo by Feng Yu / Shutterstock.com

Croatia's gross domestic product (GDP) expanded by 4.3% year-on-year in the fourth quarter of 2023, following a 2.8% advance in the previous quarter, figures from the Zagreb-based Croatian Bureau of Statistics (Crostat) on Tuesday show.

This marks the highest GDP growth since the third quarter of 2022, mainly due to an acceleration in household consumption (5.3% vs 3% in Q3). Conversely, government consumption increased at a slower pace (0.2% vs 2.1%), as well as gross fixed capital formation (6% vs 6.1%).

On the external demand, imports declined 7.1% (vs -12.1%) while exports fell at a softer 4.4% (vs -8.5%).

On a seasonally adjusted quarterly basis, the country's GDP expanded 1.3%, following an upwardly revised 0.5% rise in the previous quarter. 

E.ON Survey Shows Support for Renewables, Need for Innovativ... Green Energy

E.ON Survey Shows Support for Renewables, Need for Innovativ...

Hungary in Talks on Attracting More Chinese Investments - Sz... Int’l Relations

Hungary in Talks on Attracting More Chinese Investments - Sz...

Close to 2,500 Companies Apply for EV Subsidies Automotive

Close to 2,500 Companies Apply for EV Subsidies

Olympic Fest of Street Sports in Budapest Coming This June In Budapest

Olympic Fest of Street Sports in Budapest Coming This June

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.