First Release

Year: LXII.
Zagreb, 27 November 2025
NR-2025-1-1/3

ISSN 1334-0557

FIRST QUARTERLY GROSS DOMESTIC PRODUCT ESTIMATE, THIRD QUARTER OF 2025

The estimation of the gross domestic product (GDP) for the third 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 2.3% in the third 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 2.6% in real terms compared to the same quarter of 2024.

1 GROSS DOMESTIC PRODUCT, REAL GROWTH RATES AND CURRENT PRICES

   2024 2025
VII ‒ IX X – XII I ‒ III IV ‒ VI VII ‒ IX
Non-adjusted data, real growth rates (%)          
Comparison with the same quarter of the previous year 4,0 3,8 3,3 3,6 2,3
Seasonally adjusted data, real growth rates (%)          
Comparison with the previous quarter 1,0 1,0 0,4 0,9 0,3
Comparison with the same quarter of the previous year 4,3 3,5 3,5 3,3 2,6
Current prices, mln euro          
Gross domestic product 24 767 21 191 19 530 23 096 26 746

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

2 GROSS DOMESTIC PRODUCT ACCORDING TO EXPENDITURE APPROACH, REAL GROWTH RATES, COMPARISON WITH CORRESPONDING QUARTER OF PREVIOUS YEAR

%

   2024 2025
VII ‒ IX X – XII I ‒ III IV ‒ VI VII ‒ IX
Final consumption expenditure 6,5 7,2 2,5 3,8 2,3
Households 5,6 6,4 1,6 4,0 1,9
NPISH 6,9 15,8 -1,0 10,7 2,5
General government 9,1 8,6 5,2 3,3 3,8
Gross fixed capital formation 2,0 2,7 5,2 4,9 7,5
Exports of goods and services 0,3 5,8 5,1 0,7 -1,1
Goods (FOB) 6,4 10,0 11,0 2,8 4,1
Services -3,3 1,2 -3,4 -1,1 -4,6
Imports of goods and services 8,0 11,5 8,9 0,1 2,4
Goods (FOB) 7,7 11,7 9,1 -1,9 0,3
Services 9,2 9,9 7,8 11,5 12,7
Gross domestic product 4,0 3,8 3,3 3,6 2,3

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

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.

3 GROSS VALUE ADDED ACCORDING TO PRODUCTION APPROACH, REAL GROWTH RATES, COMPARISON WITH CORRESPONDING QUARTER OF PREVIOUS YEAR

%

   2024 2025
VII ‒ IX X – XII I ‒ III IV ‒ VI VII ‒ IX
A Agriculture, forestry and fishing 2,5 -1,1 -9,8 -0,6 0,7
B, C, D, E Manufacturing, mining and quarrying and other industries 1,1 -0,6 1,8 2,5 1,8
C Manufacturing 2,4 -1,2 2,2 3,7 3,3
F Construction 14,5 13,0 7,6 7,1 7,3
G, H, I Wholesale and retail trade, transportation, storage, accommodation and food service activities 4,0 6,9 2,0 5,0 1,8
J Information and communication 1,4 -0,7 -2,0 3,2 2,0
K Financial and insurance activities 2,9 2,5 1,5 1,4 4,4
L Real estate activities 0,1 5,3 5,5 3,6 -0,6
M, N Professional, scientific, technical, administrative and support service activities 4,2 1,2 7,3 4,9 1,7
O, P, Q Public administration and defence, education, human health and social work activities 3,6 3,4 3,2 1,4 3,0
R, S, T, U Other service activities 1,4 0,8 7,1 6,1 1,0
GVA Gross value added 3,5 3,1 3,1 3,5 2,1

 

The first estimate shows that the quarterly GVA increased in real terms by 2.1% in the third 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 section of 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 (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.

 

Abbreviations
   
mln million
NKD 2007 National Classification of Activities, 2007 version
NPISH non-profit institutions serving households

 

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

Prepared by:
Ingrid Pejković, Sanja Jurić, Jasna Medek, Patrik Pipp and Sanja Šmigoc

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