Business

Croatia's Economy Records Highest Expansion of 10.4% in 2021

By 25 February 2022
Croatia's Economy Records Highest Expansion of 10.4% in 2021
Buffik/Pixabay

ZAGREB, 25 Feb 2022 - Croatia's economy grew by 10.4% in 2021, according to first estimates given by the national statistical office (DZS) on Friday.

According to the DZS, Croatia's Gross Domestic Product increased 9.7% in the fourth quarter of 2021 compared to the corresponding period in 2020.

In 2020, the corona crisis affected the national economy which contracted about 8% that year, while in 2021 it recovered at a rate of 10.4%.

The Croatian economy saw the expansion in the last three quarters in a row.

In 2021 Q4, the growth was on the back of the rise in all the components of the GDP, including household consumption, state spending, exports and investments.

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