Financial News: Croatia GDP Growth Slows Sharply In Q3

Croatia GDP Growth Slows Sharply In Q3

11/27/2025 - 12:16:00 (RTTNews)

(RTTNews) - Croatia's economy grew at the slowest pace in nearly six years during the third quarter mainly due to a sharp slowdown in consumption growth and weaker exports, preliminary estimates from the statistical office showed on Thursday.

The unadjusted gross domestic product grew 2.3 percent year-on-year, which was much slower than the 3.6 percent expansion in the three months to June, data from the Croatian Bureau of Statistics showed.

The latest GDP outcome was the weakest since the fourth quarter of 2020, when the economy shrank. A slower growth was last logged in the final three months of 2019, when the economy expanded 1.9 percent.

Consumption growth weakened to 2.3 percent from 3.8 percent with significant slowdown in growth in spending by households and non-profit institutions. State consumption growth improved to 3.8 percent from 3.3 percent.

Gross fixed capital formation increased 7.5 percent after a 4.9 percent growth in the previous three months.

Exports decreased 1.1 percent after a 0.7 percent growth in the previous quarter. Services exports shrunk notably. Imports grew 2.4 percent after a modest 0.1 percent gain in the previous three months.

The seasonally adjusted GDP grew 0.3 percent from the second quarter, when output rose 0.9 percent. The growth rate was the slowest since the first quarter of 2024, when the economy expanded the same pace.

The adjusted year-on-year growth rate fell to 2.6 percent from 3.3 percent in the previous quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Croatia GDP Growth Slows Sharply In Q3 (01 hr(s), 08 min(s), 46 sec(s) ago)
(RTTNews) - Croatia's economy grew at the slowest pace in nearly six years during the third qu ...Full Story»

Slovakia Economic Confidence Rises In November (03 hr(s), 35 min(s), 46 sec(s) ago)
(RTTNews) - Slovakia's economic sentiment improved in November despite consumers showing the w ...Full Story»

Lithuania Retail Sales Growth Eases To 3.9% (04 hr(s), 25 min(s), 46 sec(s) ago)
(RTTNews) - Lithuania's retail sales growth moderated further in October to the lowest level i ...Full Story»

Sweden Economic Confidence Rises To 40-Month High (05 hr(s), 06 min(s), 46 sec(s) ago)
(RTTNews) - Sweden's economic confidence strengthened in November to the highest level in more ...Full Story»

Iceland Inflation Eases To 3.7%, Lowest In Nearly 5 Years (05 hr(s), 52 min(s), 46 sec(s) ago)
(RTTNews) - Consumer price inflation in Iceland moderated in November to the lowest level in almos ...Full Story»

Eurozone Bank Lending Growth Improves (06 hr(s), 02 min(s), 46 sec(s) ago)
(RTTNews) - Eurozone bank lending increased at a faster pace in October as easing monetary policy ...Full Story»

Turkey Trade Deficit Widens In October (06 hr(s), 18 min(s), 46 sec(s) ago)
(RTTNews) - Turkey's foreign trade deficit increased in October from the previous year as impo ...Full Story»

Eurozone Economic Confidence Rises In November (06 hr(s), 34 min(s), 46 sec(s) ago)
(RTTNews) - Eurozone economic sentiment rose in November as higher confidence in services, retail ...Full Story»