Friday, Croatia's Central Bureau of Statistics revealed in a report that the gross domestic product or GDP rose 0.2% annually in the fourth quarter, smaller than the 1.6% rise in the previous quarter. A year ago, the GDP was up 3.5%.
This was the lowest GDP growth rate in the whole period from first quarter 2000 to fourth quarter 2008, the stat office said. During the period, final consumption expenditure of households, as the largest component of GDP, declined 3.2%, while gross value added increased 0.4%.
In 2008, the GDP rose 2.4% from the previous year and the gross value added increased 2.8%.
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