Croatia: Statistical Institute, GDP rose 15.8 percent in the third quarter

Croatia: Statistical Institute, GDP rose 15.8 percent in the third quarter
Zagreb, Nov 26 16:41 – (Nova Agency) – Croatia’s gross domestic product (GDP) grew by 15.8 percent in the third quarter of this year compared to the same period last year. These are the first estimates published by the Croatian Statistical Institute, as the television broadcaster “N1” re-launched today. This is the second-largest leap in the economy since record growth of 16.5 per cent in the previous quarter. Experts warn that the strong contraction recorded last year due to the forced closure to prevent the spread of Kovid-19 will also lead to higher growth. According to periodic data, the Croatian economy grew by 15.5 percent in the third quarter, compared to 2.7 percent on a quarterly basis. Taking into account the positive results for the second and third quarters, the GDP growth in the first three quarters was 10.7 per cent over the same period last year. According to previous figures released by the European Commission, Croatia should be ranked third among member states in terms of GDP growth this year and over the next two years. The average growth will actually be 5.7 per cent, so Ireland and Romania will have the best results after that. (SEB)

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