General government debt statistics for September 2021

Published: 31/12/2021

According to final data, the total consolidated debt of all general government sub-sectors[1] reached HRK 344.7bn at the end of September 2021, up HRK 3.9bn (or 1.1%) since the end of June 2021 and up by HRK 18.7bn (or 5.7%) since the end of September 2020. The annual debt growth was due to an increase in the domestic debt by HRK 7.9bn (or 3.6%) and in the external debt by HRK 10.8bn (or 10.2%). Domestic debt grew by HRK 6.3bn (or 2.9%), while external debt shrunk by HRK 2.5bn (or 2.1%) from the last quarter.

Measured against the annual GDP[2], the total debt amounted to 82.4% of GDP at the end of eptember 2021, and 84.7% of GDP at the end of September 2020, which is a decrease of 2.3 percentage points on an annual level, but also a decrease of 3.7 percentage points over previous quarter, when this share was 86.1%.

Data on the structure of general government debt by main debt instruments and maturity is available only for general government unconsolidated debt[3]. Long-term debt instruments dominate the structure of this debt: at the end of September 2021, most of the debt was made up of bonds (64.3%), the second by importance were long-term loans (29.5%), and last were short-term loans, securities and deposits (jointly 6.2%). Short-term debt was higher by HRK 0.2bn (or 0.8%) at the end of September 2021 from end-September 2020, while long-term debt increased by HRK 18.2bn (or 5.9%) in the same period.


Statistical time series: Table I3 General government debt (ESA 2010)


  1. This debt excludes the cross claims of institutional units within the same sub-sector and between sub-sectors, the so-called Maastricht debt.

  2. Calculated as the sum of the preceding four quarterly GDP figures.

  3. The unconsolidated debt represents the Maastricht debt increased by cross claims of different units within the general government sector.