In 2004, GDP saw a rise of 3.8 per cent. In the first quarter of that year the GDP growth rate was 4.2 per cent, decreasing to 3.8 per cent in the second quarter and to 3.6 per cent in the third and fourth quarters.
In the first quarter of 2005 the GDP growth rate was primarily affected by a drop in personal spending, investments and exports.
Capital investments increased by a mere 0.3 per cent as against 8.9 per cent in the first quarter of 2004. Personal spending decreased from 3.9 per cent in the first quarter of last year to 2.4 per cent.
The goods and services export growth rate fell from 6.4 to 1 per cent, while the import growth rate was 2.1 per cent as against 5.9 per cent at the same time last year.
Government spending was reduced by 0.1 per cent compared to 1.6 per cent in the first quarter of 2004.
In the first quarter of 2005 Croatian GDP totalled 49.58 billion kuna.