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Croatia GDP Growth Rate (QoQ)

Croatia's Quarter-over-Quarter GDP growth rate accelerated to 1.2% in Q2 2025 from 0.4% in Q1 2025. Household consumption grew 4.0% year-on-year in Q2, up from 1.7% in Q1. Gross fixed capital formation also increased by 5.2% in Q2, compared to 4.5% in the prior quarter. These gains were supported by sustained investment and reduced price pressures. Croatia's record low GDP growth rate was -13.9% in Q2 2020 and record high was 8.1% in Q4 2020.

Quarterly Historical Data (2015-2025)

(in %)
Quarter GDP Growth Rate (QoQ)
Q2 2025 1.2%
Q1 2025 0.4%
Q4 2024 1.2%
Q3 2024 0.5%
Q2 2024 1.1%
Q1 2024 0.9%
Q4 2023 1.7%
Q3 2023 -0.4%
Q2 2023 2.2%
Q1 2023 1.5%
Q4 2022 -0.9%
Q3 2022 0.6%
Q2 2022 1.1%
Q1 2022 2.9%
Q4 2021 3.3%
Q3 2021 2%
Q2 2021 -0.5%
Q1 2021 5.8%
Q4 2020 8.1%
Q3 2020 5.2%
Q2 2020 -13.9%
Q1 2020 -1.4%
Q4 2019 -0.4%
Q3 2019 -0.2%
Q2 2019 0.5%
Q1 2019 2%
Q4 2018 0.4%
Q3 2018 0.3%
Q2 2018 1.9%
Q1 2018 0.3%
Q4 2017 0.3%
Q3 2017 1.2%
Q2 2017 0.3%
Q1 2017 1.2%
Q4 2016 1.3%
Q3 2016 0.5%
Q2 2016 -0.7%
Q1 2016 3.7%
Q4 2015 -1.5%
Q3 2015 1.7%
Q2 2015 0.6%
Croatia GDP Growth Rate (QoQ) : Definition
Croatia's Quarter-over-Quarter GDP growth rate measures the percentage change in the nation's total economic output between consecutive three-month periods. It is calculated by comparing the current quarter's Gross Domestic Product value, typically expressed in Euros, against the value from the immediately preceding quarter. Growth is driven by shifts in domestic demand components like consumption and investment, alongside government spending and net exports.
Indicator Last Value Prior Value Period
GDP $92.53B $84.39B 2024
GDP Annual Growth Rate 3.81% 3.3% 2024
GDP Growth Rate (YoY) 3.4% 2.9% Jun'25
GDP per Capita $17,770.87 $17,147.17 2024
GDP per Capita PPP $42,631.32 $41,135.09 2024
R&D Expenditure (% GDP) 1.4% 1.23% 2022
Real GDP $68.71B $66.18B 2024