In the period from 24 Feb till 29 Nov 2021 the value of taxable invoices increased by 25.6% YoY amounting to 165.8 bn. The spending amount is 4.6% higher than spending in comparable period in 2019, still indicating positive sentiment. The value of last week’s taxable invoices is up 18.6% YoY and also compared to the week before it was up 9.9%.

By looking at the latest announcements from the Tax Administration of the Republic of Croatia, in the period from 24 Feb till 29 Nov 2021, the value of taxable invoices increased by 25.6% YoY amounting HRK 165.8bn. This growth in taxable invoices should be encouraging, especially taking into consideration that consumption is 4.6% higher in the comparable period in 2019 (25 Feb – 1 Dec 2019). Taxable invoices in wholesale and retail trade in the period from 24 Feb till 29 Nov 2021 grew by HRK 15.6 bn (16.6% YoY) and it is 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 22 Nov to 28 Nov witnessed double-digit growth of 18.6% YoY. Compared to the same week in 2019 growth was also up by significant 18.9% beating pre-pandemic spending. In the last week (22 Nov to 28 Nov) the spending in wholesale and retail trade picked up 14.7% YoY. Meanwhile, it is important to note that the value of taxable invoices in wholesale and retail trade increased by 6.6% (HRK 6.81bn) when compared to the same period in 2019. This means that spending in Croatia, in a given period breached pre-pandemic spending, representing positive consumer expectations. In the last week in November taxable invoices in accommodation and food services increased by HRK 80.9bn, representing 56% YoY for that same week in 2020.
The value of taxable invoices in all segments in the week from 22 Nov to 28 Nov 2021, compared to the week before (15 Nov to 21 Nov 2012), was up 9.91%, while in wholesale and retail trade it was up 13%. When looking at the value of taxable invoices in accommodation and food services, it decreased by 9.15% compared to the week before (Nov 15- Nov 21 2021).