Croatia's economy expanded by 2.3% year-on-year in the third quarter of 2025, slowing from an upwardly revised 3.6% growth in the preceding period. Net external demand had a negative impact on GDP, as exports (-1.1% vs 0.7% in Q2) declined, while imports increased (2.4% vs 0.1%). Weaker growth was also observed in household consumption (1.9% vs 4%). Meanwhile, gross fixed capital formation (7.5% vs 4.9%) and government spending (3.8% vs 3.3%) increased. On a seasonally adjusted quarterly basis, GDP rose by 0.3% in the September quarter, following a 0.9% growth in the previous quarter.