In the first quarter of 2018, Croatia, together with Great Britain and France, recorded the lowest GDP growth rates in the European Union, quarter on quarter, according to an estimate published on Thursday by Eurostat, the statistical office of the European Union.

Croatia’s seasonally adjusted GDP in Q1 2018 was up 0.2 percent, compared with the previous quarter when economic activity stagnated, according to Eurostat.

An identical growth rate in Q1 2018 was recorded in France while the growth rate in Great Britain was even lower at 0.1 percent.
Other leading European economies recorded slow growth rates as well. GDP growth in Italy and Germany was only 0.3 percent.

Among member states for which data are available for the first quarter of 2018, Latvia and Poland recorded the highest growth compared with the previous quarter (both +1.6 percent), followed by Hungary and Finland (both +1.2 percent).
Slightly negative growth was observed in Estonia (-0.1 percent).

According to Eurostat, Croatia’s GDP in the first three months of 2018 grew by 1.5 percent on the year. In Q4, 2017, it grew by 2.3 percent.

Eurostat confirmed that seasonally adjusted GDP rose by 0.4 percent in both the euro area and the EU28 during the first quarter of 2018, compared with the previous quarter.

In the fourth quarter of 2017, GDP had grown by 0.7 percent in both zones. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.5 percent in the euro area and by 2.4 percent in the EU28 in the first quarter of 2018, after +2.8 percent and +2.7 percent respectively in the previous quarter.

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