Drivn mainly by growth in personal consumption and investment, the Croatian economy grew by 3.4 percent on an annual basis in the second quarter of 2025 - faster than in the previous quarter, HINA reported, BTA reported.
The Croatian Statistical Office published its first estimate today, showing that gross domestic product grew by 3.4% in real terms in the second quarter of 2025 compared to the same period in 2024. This marks the 18th consecutive quarter of growth, showing faster growth than the previous quarter, when GDP grew by 2.9%.
According to data from the statistical office, household consumption - The country's largest component of GDP - grew by 4.0% year-on-year in the second quarter, significantly faster than the 1.7% growth recorded in the first quarter.
Gross fixed capital formation grew by 5.2%, compared with 4.5% in the previous quarter.
Government spending rose by 2.4%, after a 5.8% increase in the first quarter.
Imports of goods and services increased by 3.3%, a significant slowdown from 8.8% in the previous quarter. Imports of goods grew by 0.9%, while imports of services - by 16.4%.
Exports of goods and services grew by 1.6% in the second quarter, well below the 6% growth recorded in the first quarter. Exports of goods increased by 3.7%, while exports of services fell by 0.3%.
According to seasonally adjusted data from the statistical office, the Croatian economy grew by 3.2% year-on-year and 1.2% quarter-on-quarter in the second quarter.
Croatia's growth thus continues to outpace the European Union average, HINA notes.
Eurostat recently reported that the EU economy grew by 0.2% quarter-on-quarter and 1.5% year-on-year in the second quarter, based on seasonally adjusted data. The eurozone economy grew by 0.1% quarter-on-quarter and 1.4% year-on-year.