First Release

Year: LIX.
Zagreb, 21 October 2022
NR-2022-2-2

ISSN 1334-0557

ANNUAL GROSS DOMESTIC PRODUCT, 1995 – 2021.

For data on gross domestic product (GDP) and main aggregates of national accounts according to the National Classification of Activities, 2007 version (NKD 2007.), and categories of expenditure according to the methodology of the European System of National and Regional Accounts (ESA 2010), the time series of data for the period from 1995 to 2021 have been revised.

The data are available at current prices, at constant prices of the previous year and at constant prices of the reference year (2015 = 100).

The impact of this statistical revision on the GDP level in nominal terms ranges from -0.1 percentage point to +1.6 percentage points throughout the whole period from 1995 to 2021 and represents an average increase of 0.1 percentage point.

This revision affected real growth rates in the range from -0.5 percentage points to +2.8 percentage points.

GDP by expenditure approach is revised according to the GDP by production approach.

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

 

G-1 REAL GROWTH RATES OF GDP, COMPARISON WITH CORRESPONDING PERIOD OF PREVIOUS YEAR

The revision includes the following elements:

– revision of the government finance statistics data due to changes in the sectoral classification of institutional units and the inclusion of certain units in the general government sector

– revision of the estimates of the consumption of fixed capital (CFC) of the general government due to the implementation of the perpetual inventory method (PIM)

– revision of taxes

– revision of gross fixed capital formation (GFCF) for year 2019

– revision of balance of payments data.

Gross domestic product for 2020 – annual calculation

Gross domestic product decreased by 8.6% in real terms in 2020, as compared to 2019. Gross value added decreased by 7.5% in real terms in 2020, as compared to 2019.

The decrease in the gross domestic product in real terms was mainly influenced by the decrease in the gross value added in Manufacturing as well as in Wholesale and retail trade; repair of motor vehicles and motorcycles.

The decrease in the gross domestic product in real terms by the expenditure approach was mainly influenced by the decrease in the household final consumption expenditure and the decrease in the exports of goods and services.

 

1 GROSS DOMESTIC PRODUCT, 2013 – 2021

   2013 2014 2015 2016 2017 2018 2019 2020 20211)
Gross domestic product, market prices (current), mln kuna 336 771 335 831 344 580 356 617 373 080 391 289 412 770 380 123   438 560
Gross domestic product, market prices (current), mln USD 59 022 58 412 50 214 52 415 56 336 62 323 62 330 57 501     68 917
Gross domestic product, market prices (current), mln EUR 44 467 44 014 45 282 47 363 50 010 52 776 55 677 50 461    58 287
Population, annual average of the total population, '0002)  4 254 4 236 4 208 4 172 4 130 4 091 4 067 4 047       3 958
Gross domestic product per capita, kuna 79 166 79 280 81 887 85 479 90 337 95 649 101 487 93 921   110 803
Gross domestic product per capita, USD 13 874 13 789 11 933 12 564 13 641 15 235 15 325 14 207     17 412
Gross domestic product per capita, EUR 10 453 10 391 10 761 11 353 12 109 12 901 13 689 12 468     14 726
Average annual exchange rate HRK/USD3) 5,705883 5,749322 6,862262 6,803718 6,622397 6,278406 6,622347 6,610754 6,363565
Average annual exchange rate HRK/EUR3) 7,573548 7,630014 7,609601 7,529383 7,460100 7,414111 7,413605 7,533080 7,524183
Real growth rate (%) -0,4 -0,4 2,5 3,6 3,4 2,8 3,4 -8,6 13,1
Implicit GDP deflator 100,8 100,1 100,1 99,9 101,2 102,0 101,9 99,9 103,2

1) Provisional data 
2) See Notes on Methodology 
3) Source: CNB, Midpoint Exchange Rates of the Croatian National Bank (period average)

Abbreviations

CNB Croatian National Bank
ESA European System of National and Regional Accounts
EU European Union
EUR euro
HRK Croatian kuna
mln million
US $ US dollar
‘000 thousand

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, Jasna Medek, Patrik Pipp and Ingrid Omerzo

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