๐ญ๐ท Croatia
Public Sector Debt ยท 2026
Total Debt
64.7%
of GDP
Global Rank
#76
of 192
S&P Rating
BBB+
Credit rating
SOE Debt
+7.3%
4 categories
5yr Change
-31pp
improving
Where the Debt Sits
Central Government
Central Government: 56.3%Subnational: 1.1%Dev Banks: 4.6%Energy SOEs: 2.0%Infrastructure: 0.4%Public Corps: 0.3%
Full Debt Breakdown
Central Government56.3% of GDP
Central GovernmentEurostat โ Government Debt (Maastricht)
56.3%Subnational / Regional1.1% of GDP
SubnationalEurostat โ Government Debt (Maastricht)
1.1%Energy SOEs2.0% of GDP
HEP Group (Hrvatska elektroprivreda)HEP Financial Statements 2024 / Moody's Baa2National electricity company; rated BBB/Baa2; est. borrowings ~โฌ1.5B
2.0%Infrastructure SOEs0.4% of GDP
Hลฝ (Croatian Railways group)EBRD / World Bank project dataWorld Bank + EBRD modernization loans; limited own borrowing capacity
0.4%Public Corporations0.3% of GDP
Croatia AirlinesCroatia Airlines Annual Report 2024Negative equity -โฌ18.8M; long-term liabilities โฌ258M; debt-to-equity swap planned
0.3%Development Banks4.6% of GDP
HBOR (Croatian Bank for Reconstruction & Development)HBOR Annual Financial Statements 2024 / EIB partnershipNational development bank; EIB co-financing โฌ0.5B; est total liabilities ~โฌ3.5B
4.6%Total Corporate Debt38.9% of GDP
NF corporate debt (est.)WB WDI 2020
38.9%Household Debt20.9% of GDP
Household debt (est.)WB WDI 2020
20.9%All Layers Total124.5%
Credit Ratings
S&P
BBB+
Moody's
Baa2
Fitch
BBB+
Data Sources
Eurostat โ Government Debt (Maastricht)general_government ยท Updated semi_annual
Dec 202457.4% GDP
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