Politics

Croatian GDP Growth in Second Quarter Exceeds EU Average

By 27 August 2022

August the 27th, 2022 - Croatian GDP growth has been considerably higher than it has been in the rest of the European Union, despite the ongoing troubles being faced by spiralling inflation and pressure on the government to step in with measures to protect some of the most vulnerable in society.

As Poslovni Dnevnik writes, Prime Minister Andrej Plenkovic recently visited Rijeka where he commented on the news about the 7.7 percent Croatian GDP growth in the second quarter of this year, saying that it represents the second highest growth in the European Union (EU) and is almost double the average at the level of the bloc.

Plenkovic said that for now, only neighbouring Slovenia has enjoyed a higher GDP growth in the second quarter in the entire 27 member bloc.

''The average growth in the second quarter at the European Union level stands at four percent. So, that means that Croatian GDP growth is almost a hundred percent higher, almost doubling that. We can be very satisfied with that indeed,'' he said, highlighting the extra burden the economic crisis we're all dealing with at this moment in time.

He added that considering the "fantastic" tourist season Croatia has enjoyed so far, with numbers matching those of the pre-pandemic, record year of 2019 in multiple sectors, everything indicates that the third quarter will also be very good for the country.

''This means that Croatian GDP growth this year will be higher not only as we predicted it, but also how others predicted it. This includes international institutions, agencies, organisations, and so on, so we can look forward to that and it will, of course, help us in solving the economic crisis that we're all facing,'' Plenkovic concluded, as reported by HRT.

For more on Croatian GDP growth and the Croatian Government, make sure to check out our dedicated politics section.

Search