Gross Domestic Product for Croatia
MKTGDPHRA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,526,176,108.62
Year-over-Year Change
60.77%
Date Range
1/1/1990 - 1/1/2024
Summary
Gross Domestic Product (GDP) for Croatia measures the total value of all goods and services produced within the country. It is a key indicator of economic health and a widely-used metric for policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP represents the size and growth of a nation's economy. It is used to assess economic performance, guide policy decisions, and make international comparisons. GDP data for Croatia provides insights into the overall economic conditions and long-term development trends in the country.
Methodology
GDP data for Croatia is collected and calculated by the World Bank based on national accounts information.
Historical Context
Croatian GDP data is closely monitored by economists, investors, and policymakers to gauge the country's economic growth and competitiveness.
Key Facts
- Croatia's GDP was $60.8 billion in 2021.
- GDP per capita in Croatia was $15,071 in 2021.
- Croatia's GDP grew by 10.2% in 2021 after a 8.1% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Croatia measures the total monetary value of all finished goods and services produced within the country's borders over a specific time period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic performance and serves as a key input for policymakers, investors, and analysts when assessing Croatia's economic health, growth potential, and competitiveness.
Q: How is this data collected or calculated?
A: The GDP data for Croatia is collected and calculated by the World Bank based on national accounts information provided by the Croatian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Croatian GDP data is closely monitored by the government, central bank, and international institutions to guide fiscal and monetary policy decisions, track economic progress, and benchmark the country's performance against regional and global peers.
Q: Are there update delays or limitations?
A: The GDP data for Croatia is typically published on a quarterly basis with a delay of several months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product for Croatia (MKTGDPHRA646NWDB), retrieved from FRED.