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

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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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