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Croatia Q2 economy expands at record pace

Figures

Photo by Feng Yu / Shutterstock.com

Croatia's gross domestic product (GDP) expanded by a record 16.1% year-on-year in the second quarter of 2021, the first period of growth in over a year, reflecting a low base year triggered by the coronavirus crisis and the ongoing economic recovery, the Zagreb-based Croatian Bureau of Statistics (Crostat) said on Friday.

Household consumption jumped 18.4% and fixed investment surged by 18.3%.

In addition, public spending advanced by 4% and net external demand contributed positively to the GDP as exports rose more than imports.

On a seasonally adjusted quarterly basis, GDP fell slightly by 0.2%. 

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