Household Finance and Consumption Survey

Published: 23/10/2020 Modified: 28/1/2021

The Household Finance and Consumption Survey is a scientific survey on finances and consumption of households, and it constitutes a part of the project conducted every three years on a harmonised basis in euro area countries and some other countries of the European Union. The survey's methodological consistency is coordinated and ensured by the European Central Bank. The first survey wave was conducted in 2010 and 2011, the second in 2013 and 2014 and the third wave in 2017 and 2018 (when the Croatian National Bank also joined the project), while the fourth wave of the survey will take place in 2020 and 2021.

The method used in the survey is CAPI (Computer Assisted Personal Interview), which collects detailed information on social and economic characteristics of households, their assets, consumption, saving, income and debt. The fourth survey wave incorporates a small number of questions relating to the effect of the pandemic caused by COVID-19 on household finances and consumption.

The main aim of this survey is to collect microdata on the structure of household assets and liabilities that will be used to analyse different aspects of the conduct of monetary policy (e.g. transmission mechanism flows and aspects related to financial stability), financial behaviour of households, the effect of macroeconomic policy measures and potential macroeconomic shocks on that behaviour and, ultimately, for international comparisons.


CNB Press Releases (1 September 2020): Household Finance and Consumption Survey

Jemrić, I.; Vrbanc, I. (2020): Republic of Croatia: Household Finance and Consumption Survey 2017, Statistical and Methodological Papers M-1, Croatian National Bank

Kunovac, M. (2020): Households' wealth distribution in Croatia, Working Papers I-57, Croatian National Bank, 

extended abstract (EN)
full text (Croatian version)

Rosan, M.; Zauder, K. (2020): Which Loans do We Take? A Micro-Level Analysis of Croatian Households’ Debt Participation, Working Papers W-061, Croatian National Bank

The HFCS questionnaire for 2017 (Croatian version)

The results of the third wave of the survey

The results of the third wave of the survey, statistical tables

The results of the second wave of the survey

The results of the first wave of the survey