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 June 2025
According to the final[1] data on government finance statistics for the second quarter of 2025, the total consolidated debt of all general government sub-sectors[2] reached EUR 50.93bn at the end of June 2025, up by EUR 1.8bn (or 3.7%) from the end of June 2024 and by EUR 0.3bn (or 0.6%) from the end of March 2025.
Measured against the annual GDP[3], the total debt at the end of June 2025 amounted to 57.5% of GDP, which is a decrease of 1.8 percentage points on an annual basis from 59.3% of GDP at the end of June 2024. The debt-to-GDP ratio decreased 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 1.8 percentage points on an annual level was negatively affected by the increase in nominal debt of 2.1 percentage points, while the increase in nominal GDP contributed to the decrease in the ratio of 3.9 percentage points.
Figure 2 Relative annual change in general government debt
According to the structure of the general government debt by financial instruments[4], at the end of June 2025, long-term debt securities accounted for the largest share (65.0%), followed by loans and deposits (26.3%), and short-term debt securities (8.7%). The stock of short-term debt securities increased by EUR 1.7bn (or 61.5%) from June 2024, thus achieving the largest relative increase in the total debt structure, having risen from 5.6% to 8.7%.
Figure 3 Unconsolidated general government debt by debt instruments
Statistical time series: Table I3 General government debt (ESA 2010)
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Data are confirmed by EUROSTAT within the EDP notification process (EXCESSIVE DEFICIT PROCEDURE REPORT, REPUBLIC OF CROATIA, OCTOBER 2025). ↑
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This debt excludes the cross claims of institutions within the same sub-sector and between sub-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 general government debt structure by main debt instruments and maturity is available only on an unconsolidated basis. The unconsolidated debt represents the Maastricht debt increased by cross claims of different units within the general government sector. ↑