Croatia's end-2015 public debt at 86.7% of GDP

Croatia's public debt in December 2015 was HRK 289.7 billion or 86.7% of GDP, stagnating monthly, but increasing annually by 1.9% or HRK 5.5 billion, analysts at Raiffeisenbank Austria (RBA) said in a report on Wednesday.

Considering the higher nominal amount of GDP in 2015, the annual increase in the public debt to GDP ratio slowed considerably compared with previous periods, according to the report.

According to the latest Croatian National Bank (HNB) data, the public debt to GDP ratio at the end of 2015 was 86.7% of GDP, as against 86.5% at the end of 2014.

In 2015, Croatia's GDP grew by 1.6%, which was the first time the economy grew after six years of downturn.

The annual increase in public debt was mostly due to central government borrowing. At the end of last year, central government debt reached HRK 284.6 billion, which was an increase of HRK 5.8 billion or 2.1% from the previous year, RBA analysts said.

(EUR 1 = HRK 7.506798)

Last update: Wed, 06/04/2016 - 12:29

View the discussion thread.


Croatia's public debt up 6% y-o-y


Wednesday, December 2, 2015 - 13:15

More from Croatia

Komadina, Lalovac, Ostojic, Grbin new SDP deputy chiefs

Delegates of the Social Democratic Party (SDP) elected Zlatko Komadina, Boris Lalovac, Rajko Ostojic and Pedja Grbin...

Stier: Cyber-attack may have come from east, unrelated to PM's Ukraine visit

Foreign Minister Davor Ivo Stier said on Saturday that no strategic piece of information was compromised in a cyber-...

Subspace hostel with space pods opens in Zagreb

As of December 1, Zagreb has a new tourist attraction, the futuristic Subspace hostel, the first in the European...

Remaining Kiowa Warrior helicopters for Croatian army delivered

Eleven OH-58D Kiowa Warrior military helicopters were delivered to the Croatian Air Force base in Zemunik on...

Croatia needs change and SDP must start it, says opposition leader

Newly elected Social Democratic Party (SDP) president Davor Bernardic said in Zagreb on Saturday that Croatia needed...