In the period from 24 Feb till 6 Dec 2021 the value of taxable invoices increased by 25.5% YoY amounting to HRK 169.5 bn. The spending amount is 4.7% higher than spending in a comparable period in 2019, yet again indicating positive sentiment. The value of last week’s taxable invoices is up 19.2% YoY and also compared to the week before it was up 4.8%.

By looking at the latest announcements from the Tax Administration of the Republic of Croatia, in the period from 24 Feb till 6 Dec 2021, the value of taxable invoices increased by 25.5% YoY amounting to 169.6 bn. This growth in taxable invoices represents positive sentiment in consumption, especially taking into consideration that consumption is 4.7% higher in the comparable period in 2019 (25 Feb – 8 Dec). Taxable invoices in wholesale and retail trade in the period from 24 Feb till 6 Dec grew by HRK 15.8 bn YoY (an increase of 16.5%) and it is also 6.6% 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 29 Nov to 5 Dec witnessed double-digit growth of 19.2% YoY. Compared to the same week in 2019 consumption amounted fairly the same number – meaning the consumption in the past week was the same as pre-pandemic consumption. In the last week (29 Nov to 5 Dec) the spending in wholesale and retail trade picked up 16.5% YoY. Meanwhile, it is important to note that the value of taxable invoices in accommodation and food in a given week increased by HRK 10 bn (representing a 75.3% increase) when compared to the same week in 2020. Compared to the same week in 2019, taxable invoices in accommodation and food reported a decrease of 5%.

The value of taxable invoices in all segments in the week from 29 Nov to 5 Dec 2021, compared to the week before (22 Nov to 28 Nov) was up 4.8% , while the value in wholesale and retail in the same period was up 7.2%. When looking at the value of taxable invoices in accommodation and food service, it increased by 5% compared to the week before.