First Release

Year: LXI.
Zagreb, 18 October 2024
NR-2024-2-2

ISSN 1334-0557

ANNUAL GROSS DOMESTIC PRODUCT, 1995 – 2023

For data on gross domestic product (GDP) and main aggregates of national accounts according to the National Classification of Activities, 2007 version (NKD 2007), and categories of expenditure according to the methodology of the European System of National and Regional Accounts (ESA 2010), the time series of data for the period from 1995 to 2022 have been revised, while for 2023 an estimate of the gross domestic product has been made.

The data are available at current prices, at constant prices of the previous year and at constant prices of the reference year (2021 = 100).

The impact of this statistical revision on the GDP level in nominal terms ranges from -1.1% to 2.1% throughout the period from 1995 to 2023.

This revision affected real growth rates in the range from -0.4 percentage points to +0.4 percentage points.

GDP by expenditure approach is revised according to the GDP by production approach.

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

G-1 REAL GROWTH RATES OF GDP, COMPARISON WITH CORRESPONDING PERIOD OF PREVIOUS YEAR

The revision includes the following elements, of which the most important are:

- revision of subsidies on products and subsidies on production

- revision of daily allowances

- revision of calculation of production value of tradesmen subject to income tax

- revision of production value for own-account software

- revision of consumption of fixed capital for sector S.13 General Government 

- revision of R&D expenditure value

- revision of GFCF (gross fixed capital formation)

A more detailed explanation of all revised items can be found in Statistics in Line, under Notes on methodology.

 

Gross domestic product for 2022 – annual calculation

Gross domestic product increased by 7.3% in real terms in 2022, as compared to 2021. Gross value added increased by 8.4% in real terms in 2022, as compared to 2021.

The increase in the gross domestic product in real terms was mainly influenced by the increase in the gross value added in Accommodation and food service activities.

The increase in the gross domestic product in real terms by the expenditure approach was mainly influenced by the increase in the exports of goods and services.

The Croatian Bureau of Statistics also publishes revised data on quarterly GDP and Notes on Methodology in Statistics in Line, which presents data for the period from the first quarter of 1995 to the second quarter of 2024. Data for quarters in the period from 1995 to 2022 are harmonised with the annual GDP calculation.

1 GROSS DOMESTIC PRODUCT, 2015 – 2023

       2015 2016 2017 2018 2019 2020 2021 2022 20231)
Gross domestic product, market prices (current), mln euro at fixed exchange rate 45 971 47 570 49 736 52 217 54 906 50 747 58 347 67 615 78 048
Gross domestic product, market prices (current), mln USD 50 475 52 679 56 586 62 664 62 469 57 838 69 083 71 119 84 370
Gross domestic product, market prices (current), mln EUR 45 518 47 602 50 232 53 065 55 802 50 757 58 427 67 641 78 048
Gross domestic product, market prices (current), mln kuna 346 371 358 414 374 732 393 428 413 691 382 354 439 614 509 446 588 056
Population, annual average of the total population, '0002)  4 156 4 105 4 047 3 992 3 951 3 913 3 878 3 857 3 856
Gross domestic product per capita, euro at fixed exchange rate 11 061 11 588 12 291 13 082 13 896 12 968 15 047 17 532 20 239
Gross domestic product per capita, USD 12 145 12 833 13 984 15 699 15 811 14 780 17 816 18 441 21 878
Gross domestic product per capita, EUR 10 952 11 596 12 413 13 294 14 123 12 970 15 068 17 539 20 239
Gross domestic product per capita, kuna 83 342 87 313 92 605 98 566 104 703 97 707 113 371 132 097 152 487
Average annual exchange rate HRK/USD3) 6,862262 6,803718 6,622397 6,278406 6,622347 6,610754 6,363565 7,163295
Average annual exchange rate HRK/EUR3) 7,609601 7,529383 7,460100 7,414111 7,413605 7,533080 7,524183 7,531585
Real growth rate (%) 2,3 3,5 3,3 2,9 3,1 -8,3 12,6 7,3 3,3
Implicit GDP deflator 100,1 100,0 101,2 102,0 102,0 100,8 102,1 108,0 111,7

1) Provisional data 
2) See Notes on Methodology in Statistics in Line
3) Source: CNB, Midpoint Exchange Rates of the Croatian National Bank (period average)

Abbreviations  
   
CNB Croatian National Bank
EUR euro
HRK Croatian kuna
mln million
R&D research and development
USD US dollar
'000 thousand

 

Symbols  
   
- no occurrence

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, Sanja Šmigoc and Slavica Šolčić

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