Croatia's economy grows 1.9% in Q4 2015, DZS confirms

The Croatian economy grew 1.9% in the last quarter of 2015 compared with the same period of 2014, while in entire 2015 it increased by 1.6% in real terms, the National Bureau of Statistics (DZS) confirmed in its second estimate on Friday.

It was the fifth quarter in a row that GDP had grown annually, albeit at a slower rate than in the third quarter when the economy grew 2.8%, which was the largest increase since the second quarter of pre-recession 2008. 

The growth was underpinned by domestic demand. Household consumption in Q4 2015 went up by 2.4% annually, compared with 1.4% in Q3.

In entire 2015, the EU's GDP grew by 1.8% and Croatia's by 1.6%; 2015 was the first year in which the Croatian economy grew after six years of downturn.

Last update: Fri, 04/03/2016 - 13:14


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