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 March 2025
According to the government finance statistics data for the first quarter of 2025, the total consolidated debt of all general government sub-sectors[1] reached EUR 50.63bn at the end of March 2025, up by EUR 1.4bn (or 2.7%) from the end of December 2024 and up by EUR 1.1bn (or 2.1%) from the end of March 2024.
Measured against the annual GDP[2], the total debt stood at 58.4% of GDP at end-March 2025, which is a decrease of 3.6 percentage points on an annual basis from 62.0% of GDP at the end of March of the previous year. The debt-to-GDP ratio increased by 0.8 percentage points from the end of the previous quarter.
Figure 1 Consolidated general government debt and debt-to-GDP ratio
The decrease in the debt-to-GDP ratio of 3.6 percentage points on an annual level was negatively affected by the increase in nominal debt of 1.2 percentage points, while the increase in nominal GDP contributed to the decrease in the ratio of 4.8 percentage points.
Figure 2 Relative annual change in general government debt
At the end of March 2025, 69.3% of the consolidated general government debt was held by domestic sectors, and 30.7% by foreign sector. Among domestic debt holders, there is a slight increase in the investment of the household sector in the general government debt from 7.3% of the total debt (EUR 3.6bn) in March 2024 to 7.7% in March 2025 (EUR 3.9bn), and a slight relative decline in investment by the financial corporations sector from 62.6% in March 2024 to 61.5% in March 2025, with the amount remaining unchanged compared to the same period of the previous year and amounting to EUR 31.1bn.
Figure 3 Consolidated general government debt by creditor sector
Statistical time series: Table I3 General government debt (ESA 2010)