FIRST QUARTERLY GROSS DOMESTIC PRODUCT ESTIMATE FIRST QUARTER OF 2021

The estimation of the gross domestic product (GDP) for the first quarter of 2021 is presented by major categories of expenditure and according to the NKD 2007. activity sections.

The quarterly GDP data focus on short-term movements of the economy, while the main purpose of the quarterly GDP estimate is the calculation of real growth rates.

The estimate shows that the quarterly GDP in real terms decreased by 0.7% in the first quarter of 2021, as compared to the same quarter of 2020.

Seasonally adjusted quarterly GDP increased by 5,8% compared to the previous quarter and decreased by 0,9% in real terms compared to the same quarter of 2020.

The real growth rates of quarterly GDP by expenditure categories based on non-seasonally adjusted data are presented in table 2.

A real decline is visible in most of the GDP categories on the expenditure side, except in government consumption, gross fixed capital formation and exports of goods.

Table 3. shows the real growth rates of the quarterly gross value added (GVA) according to the NKD 2007. activity sections based on non-seasonally adjusted data.

The first estimate shows that the quarterly GVA decreased in real terms by 0.8% in the first quarter of 2021, as compared to the same quarter of 2020, based on non-seasonally adjusted data.

The decrease in GVA was influenced by a significant decrease in real value added in the activity Wholesale and retail trade, transportation, storage, accommodation and food service activities.

In Statistics in Line, the data by major categories of expenditure and according to the NKD 2007. activity sections at current prices, constant prices of the previous year, constant prices of the reference year

(2015 = 100) and real growth rates are presented.

Detailed data can be downloaded on the link Statistics in Line.

The date of publishing the first estimate of the GDP for the second quarter of 2021 is 27 August 2021.

Published by the Croatian Bureau of Statistics, Zagreb, Ilica 3, P. O. B. 80.
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Persons responsible:
Suzana Šamec, Director of Business Statistics Directorate
Lidija Brković, Director General

Prepared by:
Suzana Čajkušić, Nikola Motik, Ingrid Omerzo and Sanja Šmigoc

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