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 September 2025
According to the government finance statistics data for the third quarter of 2025, the total consolidated debt of all general government sub-sectors[1] reached EUR 51.8bn at the end of September 2025, up by EUR 1.9bn (or 3.7%) from the end of September 2024 and up by EUR 0.9bn (or 1.8%) from the end of June 2025.
Measured against the annual GDP[2], the total debt stood at 57.2% of GDP at end-September 2025, which is a decrease of 2.0 percentage points on an annual basis from 59.2% of GDP at the end of September of the previous year. The debt-to-GDP ratio decreased by 0.3 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 2.0 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 4.1 percentage points.
Figure 2 Relative annual change in general government debt
At the end of September 2025, 70.6% of the consolidated general government debt was held by domestic sectors, and 29.4% by foreign sector. Among domestic debt holders, the investments of the household sector in the general government debt increased slightly, from EUR 4.5bn in September 2024 to EUR 4.7bn in September 2025, with the share in general government debt remaining unchanged at 9.1%. Investments by the financial corporations sector also went up, with their share in total debt increasing from 60.8% (EUR 30.4bn) in September 2024 to 61.4% (EUR 31.8bn) in September 2025.
Figure 3 Consolidated general government debt by creditor sector
Statistical time series: Table I3 General government debt (ESA 2010)