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Croatia economy grows further in Q3

Figures

Photo by Dziewul / Shutterstock.com

Croatia's gross domestic product (GDP) grew by a real 15.8% year-on-year in the third quarter of 2021, following an upwardly revised record 16.5% rise in the previous period, the Zagreb-based Central Bureau of Statistics (Crostat) said on Friday.

It was the second consecutive quarter of growth following a pandemic-induced recession.

Household consumption was up by a real 16% annually in Q3, while government spending fell 4.5%.

Exports of goods and services surged 48.8% year-on-year and imports of goods and services expanded by an annual 13.9% in the review period.

On the other hand, public spending declined 4.5%. On a seasonally adjusted quarterly basis, the country's GDP rose 2.7%. 

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