This compared with annual GDP growth of a real 3.0% in the third quarter of 2018, the statistical office said in a first estimate.
Seasonally-adjusted GDP went up 0.8% in July-September 2019, compared to the previous quarter, faster that the quarterly growth of 0.5% in April-June.
The statistical office said a rise in exports of goods and services and household consumption expenditure had the largest contribution to the year-on-year growth of the GDP volume in the third quarter of 2019.
Earlier this month, Croatian think-tank Institute of Economics Zagreb (EIZ) lifted its forecast for the country's economic growth in the third quarter to 2.6% year-on-year based on July-September data, from 2.4% predicted earlier.
Croatia's central bank also said earlier in November that the country's economic growth had accelerated in the third quarter, compared to the second quarter, but did not provide any figures.
Details on Croatia's GDP according to the expenditure approach follow, real y/y growth rates in pct:
Q3'19 | Q2'19 | Q3'18 | |
Final consumption expenditure | 3.1 | 3.0 | 2.5 |
- Households | 3.3 | 2.7 | 2.4 |
- Non-profit institutions serving households | 0.5 | 2.4 | 3.9 |
- General govt | 2.9 | 3.9 | 2.5 |
Gross fixed capital formation | 5.0 | 8.2 | 5.0 |
Exports of goods and services | 4.7 | 3.3 | 5.4 |
- Goods | 7.1 | 0.4 | 5.8 |
- Services | 3.1 | 6.2 | 4.5 |
Imports of goods and services | 1.1 | 8.3 | 6.5 |
- Goods | 0.9 | 9.7 | 5.8 |
- Services | 1.8 | 1.9 | 10.1 |
Real GDP | 2.9 | 2.4 | 3.0 |