Croatia Construction Market ReportSeeNews - Research & ProfilesJune 26, 2009 22 Pages - SKU: ALD2430828 |
| Countries covered: Croatia In the fourth quarter of 2008 Croatia's gross domestic product (GDP) stood at HRK 82.753 bln, down 12.94% year-on-year. The country's financial intermediation, real estate, renting and business activities sector contributed 19.8% to the GDP, while the domestic construction sector accounted for 6.92% of the GDP. The country's real GDP growth in the fourth quarter of 2008 was 0.2% compared to the same period a year earlier, the lowest real growth since the frist quarter of 2000. The household spendings dropped by 3.2% and the government costs climbed by 2.7% on the year. In the period between October and December 2008 Croatia's export declined by 2.5% and import were down by 7.1% year-on-year. In the fourth quarter of 2008 the value of construction works totalled HRK 5.724 bln, down from HRK 6.494 bln in the third quarter of 2008. According to data from the Central Bureau of Statistics of Croatia, the number of the registered construction companies stood at 23,072 in end -March 2009. The active companies numbered 14,343. Privately-owned construction companies totalled 13,966, while the state-owned were 96. The construction cooperatives were 159 in the first quarter of 2009. In 2007 GDP of the country amounted to HRK 275.078 bln, of which HRK 16.417 bln was generated by the construction sector. According to data from the Central Bureau of Statistics of Croatia, the number of registered construction companies at end-2007 stood at 17,616, compared to a total 252,645 companies in Croatia. The active companies in the construction sector numbered 10,806, of which the privately-owned totalled 10,450, state-owned were 94 and the cooperatives were 135. In 2007 the value of construction works totalled HRK 19.663 bln, of which HRK 8.113 bln for civil engineering projects and HRK 5.826 bln for building constructions. |
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