Financial News: Croatia Q1 GDP Growth Weakest In 5 Years

Croatia Q1 GDP Growth Weakest In 5 Years

05/28/2026 - 10:07:00 (RTTNews)

(RTTNews) - Croatia's economy grew at the slowest pace in just over five years in the first quarter of this year amid a slower growth in consumption and investments as well as the slump in exports and imports, preliminary data from the Croatian Bureau of Statistics showed on Thursday.

Gross domestic product rose an unadjusted 2.2 percent year-on-year following a 3.9 percent increase in the previous quarter. The outcome was the weakest since the fourth quarter of the Covid year 2020, when the economy shrunk, as well as the slowest pace of expansion since the final three months of the year 2019.

Consumption growth slowed to 1.9 percent from 2.8 percent and the rate of increase in gross fixed capital formation eased sharply to 2.5 percent from 7.0 percent in the previous quarter.

Total exports decreased 1.6 percent, entirely erasing a broadly similar gain in the previous quarter. Imports shrank 0.3 percent.

Gross value added grew 2.1 percent year-on-year after a 2.8 percent increase in the previous quarter.

On a seasonally adjusted basis, the Croatian economy grew 2.4 percent year-on-year after a 3.5 percent gain in the previous quarter.

The seasonally adjusted quarterly growth was nil versus 1.2 percent in the previous three months.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Producer Prices Jump 1.1% In May, More Than Expected (01 hr(s), 56 min(s), 45 sec(s) ago)
(RTTNews) - Partly reflecting a continued spike in energy prices, the Labor Department released a ...Full Story»

U.S. Jobless Claims Unexpectedly Rise To Four-Month High (02 hr(s), 53 min(s), 45 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing an unexpected uptick in fir ...Full Story»

European Central Bank Hikes Interest Rates For First Time Since 2023 (03 hr(s), 41 min(s), 45 sec(s) ago)
(RTTNews) - The European Central Bank raised its interest rates for the first time in nearly three ...Full Story»

U.S. Producer Prices Jump More Than Expected In May (04 hr(s), 0 min(s),45 sec(s) ago)
(RTTNews) - Partly reflecting a continued spike in energy prices, the Labor Department released a ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Rise To 229,000 (04 hr(s), 06 min(s), 45 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing an unexpected uptick in fir ...Full Story»

Turkey Central Bank Holds Key Rates (04 hr(s), 25 min(s), 45 sec(s) ago)
(RTTNews) - Turkey's central bank decided to hold its benchmark interest rates on Thursday as ...Full Story»

South Africa Manufacturing Output Shrinks 2.9% (05 hr(s), 14 min(s), 45 sec(s) ago)
(RTTNews) - South Africa's manufacturing production decreased in April after recovering in the ...Full Story»

Malta Industrial Production Rebounds 7.3% (05 hr(s), 28 min(s), 45 sec(s) ago)
(RTTNews) - Malta's industrial output expanded sharply in April after falling in the previous ...Full Story»