Statistical releases provide a summary of the most recent values and trends for the published statistical indicators series compiled by the Croatian National Bank.
General government debt statistics for December 2021
According to final data, the total consolidated debt of all general government sub-sectors[1] reached HRK 343.6bn at the end of December 2021, down HRK 1.7bn (or 0.5%) from the end of September 2021 and up by HRK 13.2bn (or 4%) from the end of December 2020. The annual debt growth was due to an increase in the domestic debt of HRK 2.5bn (or 1.1%) and in the external debt of HRK 10.7bn (or 10.1%). Domestic debt fell by HRK 1.7bn (or 0.7%), and external debt remained almost unchanged from the previous quarter.
Measured against the annual GDP[2], the total debt at the end of December 2021 amounted to 79.8% of GDP, a decrease of 7.5 percentage points on an annual level from 87.3% of GDP at the end of December 2020 and a decrease of 2.9 percentage points from the previous quarter, when this share was 82.7%.
The general government debt data structure by main debt instruments and maturity is available only for the general government unconsolidated debt[3]. Long-term debt instruments dominate the maturity structure of this debt: at the end of December 2021 most of the debt was made up of bonds (64.6%), the second by importance were long-term loans (29.2%), and last were short-term loans, securities and deposits (jointly 6.2%). The short-term debt at the end of December 2021 was down HRK 0.9bn (or 3.9%) from the end of 2020, while long-term debt increased by HRK 14.5bn (or 4.7%) during the same period.
Statistical time series: Table I3 General government debt (ESA 2010)
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This debt excludes the cross claims of institutions within the same sub-sector and between sectors, the so-called Maastricht debt. ↑
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Calculated as the sum of the preceding four quarterly GDP figures. ↑
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The unconsolidated debt represents the Maastricht debt increased by cross claims of different units within the general government sector. ↑