Financial assets of Croatia’s economy up in Q4

The financial liabilities of the Croatian economy totalled 460 billion euro, an increase of 9.1 billion euro in quarterly terms and of 40.1 billion euro on annual level, the central bank said in a quarterly report last week.

Financial net worth of the economy is calculated as the difference between the amount of its financial assets, including loans and deposits granted, investments in securities and holdings, and the amount of its financial liabilities, including loans and deposits received, inflows from the issued securities, with the total financial liabilities including debt liabilities, as well as the estimated financial worth of capital.

In terms of gross domestic product (GDP), at the end of the fourth quarter of 2023, the financial assets of the Croatian economy amounted to 580% of the annual GDP, up by 0.2 percentage points compared to the previous quarter and lower by 8.9 percentage points on annual basis.

At the same time, the financial liabilities of the Croatian economy as share of GDP decreased by 0.3 percentage points quarter-on-quarter and fell by 12.6 percentage points year-on-year, accounting for 602% of the annual GDP at the end of the fourth quarter of 2023.

"These quarterly developments flattened the trend of increase of both assets and liabilities of the Croatian economy in terms of GDP," the central bank said.

($ = 0.936 euro)