FIRST QUARTERLY GROSS DOMESTIC PRODUCT ESTIMATE,
FOURTH QUARTER OF 2021

The estimation of the gross domestic product (GDP) for the fourth quarter of 2021 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 9.7 % in the fourth quarter of 2021, as compared to the same quarter of 2020.

The change rate of seasonally adjusted quarterly GDP was negative at 0.1% compared to the previous quarter, while it increased by 9.9% in real terms compared to the same quarter of 2020.

The first estimate shows that GDP in real terms increased by 10.4% in 2021, as compared to 2020.

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

A real growth is visible in all of the GDP categories on the expenditure side. The GDP growth in the fourth quarter of 2021, compared to the same quarter of the previous year, was mostly caused by the increase in personal consumption and in exports of goods and 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 -seasonally adjusted data.

The first estimate shows that the quarterly GVA increased in real terms by 9.3% in the fourth quarter of 2021, as compared to the same quarter of 2020, based on non-seasonally adjusted data. The largest contribution to the increase came from the following activities: Wholesale and retail trade, Transportation and storage, and 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 (2015 = 100) and real growth rates are presented.

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

The date of publishing the first estimate of the GDP for the first quarter of 2022 is 27 May 2022.

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

Prepared by:
Suzana Čajkušić, Nikola Motik, Ingrid Omerzo and Sanja Šmigoc

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