FIRST QUARTERLY GROSS DOMESTIC PRODUCT ESTIMATE,
FIRST QUARTER OF 2025

The estimation of the gross domestic product (GDP) for the first quarter of 2025 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 2.9% in the first quarter of 2025, as compared to the same quarter of 2024.

The seasonally adjusted quarterly GDP increased by 0.3% compared to the previous quarter and by 3.1% in real terms compared to the same quarter of 2024.

The real growth rates of the 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 the categories of NPISH and export 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 2.7% in the first quarter of 2025, as compared to the same quarter of 2024, based on non-adjusted data.

The increase in GVA was mainly influenced by the increase in real value added in the Construction activity.

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 (2021 = 100) and real growth rates are presented.

Detailed data, expressed since 2024 only in euro, can be downloaded on the link Statistics in Line.

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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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