In the period from 22 Feb till 19 Dec 2021 the value of taxable invoices increased by 25.2% YoY amounting to HRK 177.4 bn. The spending amount is 4.6% higher than spending in a comparable period in 2019, yet again indicating positive sentiment. The value of last week’s taxable invoices is up 21.7% YoY and compared to the week before it was up 11.4%.
By looking at the latest announcements from the Tax Administration of the Republic of Croatia, in the period from 22 Feb till 19 Dec 2021, the value of taxable invoices increased by 25.2% YoY amounting to 177.4 bn. This growth in taxable invoices represents positive sentiment in consumption, especially taking into consideration that consumption is yet again, 4.6% higher in the comparable period in 2019 (25 Feb – 22 Dec). Taxable invoices in wholesale and retail trade in the period from 22 Feb till 19 Dec grew by HRK 16.3 bn YoY (an increase of 16.1%) and it is also 6.4% above the value of spending level in this segment in the same period in 2019.
The value of taxable invoices in all segments in the week from 13 Dec to 19 Dec witnessed double-digit growth of 21.7% YoY. Compared to the same week in 2019 consumption growth also witnessed an increase of 8.2% beating pre-pandemic spending. In the last week (13 Dec to 19 Dec) the spending in wholesale and retail trade picked up 12.1% YoY. Meanwhile, it is important to note that the value of taxable invoices in accommodation and food in a given week reported a 4x increase – increase of HRK 213.4m (amounting to HRK 283.7m) when compared to the same week in 2020. Compared to the same week in 2019, taxable invoices in accommodation and food reported a slight decrease of 3.92%.
The value of taxable invoices in all segments in the week from 13 Dec to 19 Dec 2021, compared to the week before (6 Dec to 12 Dec) was up 11.4%, while the value in wholesale and retail in the same period was up 12.1%. When looking at the value of taxable invoices in accommodation and food service, it increased by app. 13% compared to the week before.
