Croatia among EU countries with highest Q3 growth

Croatia, along with Romania, recorded the strongest quarterly growth in the third quarter of this year among the European Union countries, according to figures released by the EU statistical office Eurostat on Tuesday.

Croatia's seasonally adjusted GDP increased by 1.3 per cent in the third quarter of 2015, compared with the previous quarter when it recorded 1.0% growth.

"Among Member States for which data are available for the third quarter of 2015, Romania (+1.4%), Croatia (+1.3%), Malta (+1.1%), Latvia (+1.0%), Poland and Slovakia (both +0.9%) recorded the highest growth compared with the previous quarter, followed by Spain and Sweden (both +0.8%). Decreases were registered in Greece (-0.9%), Estonia and Finland (both -0.5%) as well as Denmark (-0.1%)," Eurostat said.

Eurostat confirmed its first estimate of growth in the 28-member EU of 0.4 per cent, following 0.5 per cent growth in the previous quarter. It also confirmed its growth estimate for the 19-member euro area of 0.3 per cent, following 0.4 per cent growth in the previous quarter.

Compared with the same quarter of 2014, seasonally adjusted GDP rose by 1.9 per cent in the EU28 and by 1.6 per cent in the euro area in the third quarter of 2015, the same as in the previous quarter.

The highest annual increase, of 5.6 per cent, was recorded by Malta, followed by the Czech Republic (+4.5%), Poland (+3.7%), Romania and Slovakia (both +3.6%).

Croatia's GDP in the third quarter of 2015 increased by 2.7 per cent compared with the same quarter of 2014. Similar growth, of 2.9 per cent, was recorded by Bulgaria. Croatia's GDP in the second quarter of 2015 had gone up by 1.5 per cent compared with the corresponding quarter of 2014.

Last update: Tue, 08/12/2015 - 16:38
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