QUARTERLY GROSS DOMESTIC PRODUCT, REVISED DATA BY QUARTERS, 2022

To achieve consistency among national accounts data, the updated version of data on taxes, subsidies and government consumption expenditure is included in this quarterly calculation of the gross domestic product (GDP).

According to the revision policy of national accounts and government finance statistics / excessive deficit procedure statistics, if significant changes occur in the calculation of data within the April notification, the Croatian Bureau of Statistics is obliged to ensure consistency between data and publish the revised GDP data, thus also ensuring consistency in quarterly sector accounts.

The revised data refer to the period from the first quarter of 2019 to the fourth quarter of 2022. The largest changes occurred in 2022; therefore, the revised quarters for 2022 are published.

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

The first estimate shows that GDP in real terms increased by 6.2% in 2022, as compared to 2021.

The real growth rates of quarterly GDP by expenditure categories based on non-seasonally adjusted data are presented in table 2. In relation to the first estimate of the quarterly GDP for the fourth quarter of 2022, published on 28 February 2023, changes in the final consumption, government consumption and total GDP are visible.

A real growth is visible in all of the GDP categories on the expenditure side.

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, which have not changed compared to the first estimate of GDP for the fourth quarter of 2022, published on 28 February 2023.

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

The publishing date of the first estimate of the GDP for the first quarter of 2023 is 29 May 2023.

Published by the Croatian Bureau of Statistics, Zagreb, Ilica 3, P. O. B. 80
Phone: (+385 1) 48 06 111
Press corner: press@dzs.hr

Persons responsible:
Suzana Šamec, Director of Business Statistics Directorate
Lidija Brković, Director General

Prepared by:
Ingrid Omerzo and Jasna Medek

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