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Croatia's GDP growth rate of 7 pct spurred by personal spending and capital investment

ZAGREB, June 29 (Hina) - Croatia's Gross Domestic Product grew in real terms by a record-high seven percent in this year's first three months in relation to the same period in 2006, according to figures released by the Central Bureau of Statistics on Friday.
ZAGREB, June 29 (Hina) - Croatia's Gross Domestic Product grew in real terms by a record-high seven percent in this year's first three months in relation to the same period in 2006, according to figures released by the Central Bureau of Statistics on Friday.

The growth is one percentage point higher than in the last year's first quarter when it amounted to six percent. Last year GDP growth amounted to 4.8 percent.

The 2007 GDP growth rate was primarily generated by an increase in personal spending and growing fixed capital investment.

Government spending went up 2.8 per cent, which is substantially higher than in the first three months of 2006 when it amounted to one percent.

Exports of goods and services rose 3 percent, compared to 2006, while imports amounted to 3.7 percent.

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