Revision of financial accounts statistics
As part of the preparation of financial accounts statistics report for the second quarter of 2026 a regular annual revision of previously published values of these indicators has been made. In accordance with the revision policy for national account statistics the regular annual revision is carried out at the end of the third quarter when releasing the second quarter indicators, and covers an unlimited set of previous periods, depending on the available data sources.
The 2026 revision delivers improved estimates that relate to the instrument Other equity (AF519) in the assets of domestic institutional sectors. This instrument includes the entire capital of incorporated units other than joint stock companies, i.e. whose shareholdings cannot be listed on the single capital market. It is an important instrument covering 70 – 75% of the value of all forms of equity in the Republic of Croatia (other forms of equity are listed and unlisted shares) with the stock of EUR 68.5bn at the end of 2025.
The total value of this instrument on the liabilities side at the level of the whole economy remained unchanged. However, the calculation of the intersectoral distribution of the stock for this instrument on the assets side has been improved by using the data of the court register. Therefore, under this revision, the sectoral distribution of ownership has changed significantly, so that the estimate of the financial assets of households has increased significantly, while the estimate of the financial assets of corporations has decreased in the approximately the same amount. The effects of the revision on financial assets of the mentioned sectors are shown in Tables 1 – 3. The difference between the increase in the assets of households and the decrease in the assets of corporations shown in these tables is the effect of the revision on the increase in the financial assets of the external sector.
Table 1 Absolute and relative change of the stock of ownership in the instrument Other equity (AF519) of the Non-financial corporate sector (million EUR)
|
million EUR |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
Stock before the revision for the Non-financial corporate sector |
12,933 |
13,459 |
14,587 |
16,131 |
17,757 |
19,938 |
21,565 |
25,135 |
28,963 |
28,595 |
|
Stock after the revision for the Non-financial corporate sector |
6,478 |
6,531 |
6,807 |
7,444 |
7,658 |
8,128 |
8,208 |
9,018 |
10,842 |
11,547 |
|
Absolute change |
–6,455 |
–6,929 |
–7,781 |
–8,687 |
–10,099 |
–11,810 |
–13,357 |
–16,116 |
–18,121 |
–17,048 |
|
Relative change (%) |
–50% |
–51% |
–53% |
–54% |
–57% |
–59% |
–62% |
–64% |
–63% |
–60% |
Table 2 Absolute and relative change of the stock of ownership in the instrument Other equity (AF519) of the Household sector (million EUR)
|
million EUR |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
Stock before the revision for the Household sector |
6,723 |
7,071 |
7,713 |
8,490 |
9,599 |
10,559 |
12,042 |
13,993 |
16,052 |
15,822 |
|
Stock after the revision for the Household sector |
11,530 |
12,297 |
13,628 |
15,127 |
17,292 |
19,422 |
21,906 |
25,544 |
28,733 |
31,950 |
|
Absolute change |
4,807 |
5,226 |
5,915 |
6,637 |
7,694 |
8,862 |
9,864 |
11,551 |
12,680 |
16,127 |
|
Relative change (%) |
71% |
74% |
77% |
78% |
80% |
84% |
82% |
83% |
79% |
102% |
Table 3 Effect of the revision on the total stock of the financial assets of the Non-financial corporate and Household sectors (%)
|
% |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
Non-financial corporations |
–8% |
–9% |
–10% |
–10% |
–11% |
–12% |
–12% |
–12% |
–13% |
–12% |
|
Households |
8% |
9% |
9% |
10% |
10% |
11% |
12% |
12% |
12% |
13% |