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CROSTAT - Croatian Bureau of Statistics : Quarterly Gross Domestic Product for Third Quarter of 2013

11/29/2013 | 07:39am US/Eastern
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PRESS RELEASE ON PUBLICATION OF QUARTERLY GROSS DOMESTIC PRODUCT FLASH ESTIMATE For Third Quarter of 2013

The Croatian Bureau of Statistics publishes the flash estimate of the quarterly gross domestic product for the third quarter of 2013. It is a result of the effort of the Croatian Bureau of Statistics to shorten the period between the collection and publication of statistical data by further harmonisation with EU publishing standards as stipulated by one of the main principles of official statistics, namely the timeliness.
Flash estimate shows that the quarterly gross domestic product decreased in real terms by 0.6% in the third quarter of 2013, as compared to the same quarter of 2012.
According to the expenditure approach, the largest contribution to the gross domestic product growth for the third quarter of 2013 is realized in the Exports of tourist services, while the largest contribution to the decrease in the volume is realized in the Exports of goods.
According to the production approach, the largest contribution to the gross domestic product growth for the third quarter of 2013 is achieved in the Accommodation and food service activities (I), while the largest contribution to the decrease in the volume is generated in the Manufacturing (C).
By making the flash estimate of the quarterly gross domestic product available to the users, better quality decision making in economic, demographic and social areas will be enabled.
The flash estimate of the real growth rate of the quarterly GDP can differ from the data from the standard First Release titled "Quarterly Gross Domestic Product Estimate for the Third Quarter of 2013" that will be published on 10 December 2013 in printed form and on the CBS's website (www.dzs.hr).
This procedure of publishing quarterly GDP data will be applied to the following quarter as well.
Zagreb, 29 November 2013

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