Statistical office confirms 2.8% GDP growth in Q2

The national statistical office on Wednesday confirmed its preliminary estimate showing that GDP in Q2 this year grew 2.8% from Q2 2015.

This is the seventh consecutive quarter that GDP has been growing, this time faster than in the previous quarter, when GDP went up 2.7%.

According to seasonally adjusted data, GDP in Q2 grew 0.5% from the previous quarter, while in relation to Q1 2015 it went up 1.9%.

The national statistical office said that the biggest contribution to GDP growth was made by the export of goods and services, which grew 4.1% in Q2.

The contribution of domestic demand was positive. Of the components of domestic demand, household final consumption expenditure had the most positive effect on economic activity, going up by 3%.

The contribution of net foreign demand was negative.

The other most important components of GDP went up as well, for example, state spending grew 2.6% while gross investment in capital assets jumped by 6.3%.

Last update: Wed, 07/09/2016 - 13:29
Author: 

Related

Croatia's economy grew 2.8% in Q2

Croatia

Wednesday, August 31, 2016 - 11:47

GDP in Q4 2015 up 1.9 pct

Croatia

Friday, February 26, 2016 - 11:20

Economic growth up 2.7% in Q1

Croatia

Tuesday, May 31, 2016 - 11:53

More from Croatia

U.S. official says fascistisation not visible in Croatia

A senior US official said on Monday that fascistisation was not visible in Croatia, as claimed by Serbia, which has...

NGOs recall 6 Dec 1991 army attack on Dubrovnik

The Documenta Centre for Dealing with the Past from Zagreb and the Human Rights Action and the Centre for Civic...

Netanyahu thanks Croatian PM for Croatia's assistance in fighting wildfires

Israeli Prime Minister Benjamin Netanyahu thanked his Croatian counterpart Andrej Plenkovic for the assistance...

FM talks controversial memorial plaque in Jasenovac

Deputy Prime Minister and Foreign Minister Davor Ivo Stier on Monday addressed comments that the government was not...

Croatia not ready to introduce dual education

Dual education or connecting the labour market with the education sector considerably reduces youth unemployment,...