FIRST QUARTERLY GROSS DOMESTIC PRODUCT ESTIMATE,
SECOND QUARTER OF 2024

The estimation of the gross domestic product (GDP) for the second quarter of 2024 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 increased by 3.3% in the second quarter of 2024, as compared to the same quarter of 2023.

Seasonally adjusted quarterly GDP showed a positive rate of change of 0.8% compared to the previous quarter and it increased by 3.0% in real terms compared to the same quarter of 2023.

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

A real growth is visible in most of the GDP categories on the expenditure side, except in categories NPISH and export of goods and of services.

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

The first estimate shows that the quarterly GVA increased in real terms by 3.2% in the second quarter of 2024, as compared to the same quarter of 2023, based on non-adjusted data.

The increase in GVA was mainly influenced by an increase in real value added in Wholesale and retail trade, Transportation and storage, Accommodation and food service activities and in Construction.

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 and constant prices of the reference year (2015 = 100) as well as real growth rates are presented.

Detailed data, expressed since 2024 only in euro, can be downloaded on the link Statistics in Line. For periods before 2024, data in Statistics in Line were presented both in kuna and in euro.

In the course of 2024, the majority of EU statistical offices have been carrying out a benchmark revision in national accounts, which is normally conducted every five years. The Croatian Bureau of Statistics will release revised data in line with the aforementioned revision on 22 October 2024.

Benchmark revisions are carried out when major data changes occur due to changes in classifications, definitions, methodologies, base period, development of new data sources and methods, or availability of new statistical data.

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 Macroeconomic Statistics Directorate
Lidija Brković, Director General

Prepared by:
Suzana Čajkušić, Sanja Jurić, Jasna Medek, Patrik Pipp and Sanja Šmigoc

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