Croatia’s GDP Falls for 8th Consecutive Quarter
- by croatiaweek
- in Business
Croatia’s Gross Domestic Product (GDP) rate has fallen for the eighth consecutive quarter, with the Central Bureau of Statistics saying that the largest impact effect the fall has been a further drop in exports of goods, and reductions in the processing industry…
In the third quarter of 2013 Croatia’s GDP continued to decline, and at a lower than in the second quarter. Croatia’s GDP fell 0.6% compared to the same quarter last year. Economic analysts earlier expected a reduction between 0.2 to 0.7%. Croatia’s GDP drop was by far the worst amongst EU member states. Cyprus held that dubious record, with their GDP falling a record 5.7%, with the Czech Republic, Italy and Spain all falling by more than 1%.