Croatia’s economic growth slowed to 2.3% at the end of 2018Adriatic Journal 27 February 2019
Growth of Croatian economy is slowing down, according to data of Croatian bureau of statistics, Poslovni reports. The recent data shows the Croatian economy grew by 2.3% (year on year) in the fourth quarter last year, which is significantly less than in the previous quarter (2.8%) and less than expected.
Still, the final quarter of 2018 is the 18thquarter of continuous GDP growth. One of the major factors contributing to GDP growth in the final quarter of last year was the increased household consumption.
Domestic demand contribution was positive, while the contribution of the net foreign demand was negative. Exports of goods and services increased by 1.3%, while imports of goods increased by 6.6%.
In total, Croatian economy grew by 2.6% last year, while it grew by 2.9% in 2017.