Industry Sector Contribution to GDP in Croatia (1995-2022)

Industry Sector Contribution to GDP in Croatia (1995-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Croatia (1995-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Croatia
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Since 1995, Croatia’s industry sector contribution has trended downward, from 26.5% to a stable range around 20% in recent years. The decline reflects Croatia’s post-independence economic restructuring and integration into the EU, which shifted focus from industry to service-oriented growth, particularly tourism. The financial crisis of 2008 also impacted industrial output, but recent stability around 20% shows efforts to modernize industrial capacities while balancing growth with service industries. This balance signifies Croatia's commitment to sustaining its industrial base within a diversified economic framework.

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