Croatia's GDP grows 10.4% real in 2021 - 1st estimate
Photo by Feng Yu / Shutterstock.com
Croatia's economic output grew by a real 10.4% year-on-year in 2021, the Central Bureau of Statistics (Crostat) said on Friday.
In the fourth quarter of 2021, the gross domestic product (GDP) increased by a real 9.7% year-on-year, after growing by 15.8% in the third quarter, the Zagreb-based statistical office said in its first estimate.
A real growth is visible in all of the GDP categories on the expenditure side, according to the statistics agency.
The GDP growth in the fourth quarter of 2021, compared to the same quarter of the previous year, was driven mostly by a rise in personal consumption and in exports of goods and services.
In 2020, Croatia's GDP declined by a real 8.4%.
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.