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Economy of Afghanistan vs Croatia compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $92.5B for Croatia, ranking 137/197 and 74/197 by economy size, respectively.

Afghanistan has $1.42B in government debt (8.25% of GDP), compared to $53.3B (55.9% of GDP) in Croatia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Afghanistan
GDP, current $

GDP, constant 2015 $
Croatia
GDP, current $

GDP, constant 2015 $
Year GDP
Afghanistan Croatia
Current $ Constant $ Current $ Constant $
1990 - - $25,650,213,280 $46,596,559,831
1991 - - $18,760,386,775 $36,769,964,789
1992 - - $10,621,169,291 $32,462,991,993
1993 - - $11,259,647,874 $29,857,647,989
1994 - - $15,062,911,617 $31,610,433,645
1995 - - $22,772,394,547 $33,746,817,538
1996 - - $24,150,978,347 $35,808,404,184
1997 - - $24,175,764,812 $38,017,063,245
1998 - - $25,890,228,430 $38,873,085,038
1999 - - $23,777,026,779 $38,543,171,373
2000 $3,521,418,060 $6,206,547,590 $22,134,411,297 $39,678,365,282
2001 $2,813,571,754 $5,621,147,631 $23,066,883,850 $40,912,852,422
2002 $3,825,701,439 $7,228,795,919 $26,757,722,429 $43,287,159,654
2003 $4,520,946,819 $7,867,263,256 $35,245,317,002 $45,697,550,022
2004 $5,224,896,719 $7,978,515,642 $41,836,292,157 $47,603,359,433
2005 $6,203,256,539 $8,874,480,196 $45,013,119,282 $49,663,193,223
2006 $6,971,758,282 $9,349,921,886 $49,590,197,657 $52,186,811,454
2007 $9,747,886,187 $10,642,671,963 $59,298,265,770 $54,821,664,180
2008 $10,109,297,048 $11,060,395,116 $68,478,776,206 $55,900,878,030
2009 $12,416,152,732 $13,426,272,073 $62,321,642,125 $52,091,816,698
2010 $15,856,668,556 $15,354,612,542 $58,981,738,869 $51,396,869,396
2011 $17,805,098,206 $15,420,077,666 $62,903,737,380 $51,346,628,209
2012 $19,907,329,778 $17,386,490,239 $57,551,963,753 $50,189,405,845
2013 $20,146,416,758 $18,360,263,163 $59,852,401,272 $50,126,443,322
2014 $20,497,128,556 $18,860,496,494 $59,612,144,078 $49,847,163,745
2015 $19,134,221,645 $19,134,221,645 $51,005,200,670 $51,005,200,670
2016 $18,116,572,395 $19,566,715,174 $52,654,855,638 $52,770,556,703
2017 $18,753,456,498 $20,084,646,751 $56,186,190,438 $54,501,936,569
2018 $18,053,222,687 $20,323,499,020 $61,668,130,123 $56,085,044,234
2019 $18,799,444,490 $21,118,473,702 $61,467,582,194 $57,823,926,883
2020 $19,955,929,052 $20,621,957,125 $57,963,370,885 $53,017,808,755
2021 $14,259,995,441 $16,345,202,563 $69,006,802,299 $59,714,859,478
2022 $14,497,243,872 $15,325,233,810 $71,198,635,102 $64,066,840,477
2023 $17,152,234,637 $15,672,648,238 $84,393,795,502 $66,182,676,637
2024 - - $92,526,176,109 $68,707,509,494

Economic indicators

Afghanistan Croatia
Gross domestic product
$17.2B
2023
$92.5B
2024
GDP rank
137/197
2023
74/197
2024
GDP growth
18.3%
2022-2023
9.64%
2023-2024
GDP per capita
$414
2023
$23,931
2024
GDP per capita rank
196/197
2023
50/197
2024
GDP per capita, PPP
$2,202
2023
$48,575
2024
Government debt
$1.42B
2023
$53.3B
2024
Debt-to-GDP ratio
8.25%
2023
55.9%
2025
Government debt per person
$34.2
2023
$13,796
2024
Government debt per person rank
185/185
2023
42/185
2024
Average annual personal income after taxes
$1,632
2025
$20,265
2025
Market capitalization of domestic companies n/a
$27.8B
2024
Number of billionaires n/a
1
2025
Income share by richest 10% n/a
23.3%
2023
Income share by poorest 10% n/a
2.9%
2023
Government expenditure, % of GDP
17%
2023
48.9%
2025
Consumer prices inflation
-4.3%
2023-2024
2.97%
2023-2024
Central bank interest rate
6%
2021
n/a
Unemployment rate
5.68%
2021
5.03%
2024
Population
44810409
3839202

GDP per capita in Afghanistan vs Croatia

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $23,931 in Croatia, ranking 50/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Croatia ranks 47th at $48,575.

Afghanistan
GDP per capita

GDP per capita, PPP
Croatia
GDP per capita

GDP per capita, PPP
Year Current $
Afghanistan Croatia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1990 - - $5,369 $9,519
1991 - - $4,001 $7,912
1992 - - $2,321 $7,321
1993 - - $2,448 $6,856
1994 - - $3,238 $7,332
1995 - - $4,929 $8,046
1996 - - $5,300 $8,802
1997 - - $5,331 $9,534
1998 - - $5,713 $9,889
1999 - - $5,269 $9,943
2000 $174.9 $814 $4,954 $10,672
2001 $138.7 $748 $5,365 $11,654
2002 $179 $927 $6,220 $12,775
2003 $198.9 $967 $8,190 $13,693
2004 $221.8 $972 $9,719 $14,688
2005 $254.2 $1,076 $10,444 $15,451
2006 $274.2 $1,122 $11,503 $17,635
2007 $376 $1,287 $13,758 $19,571
2008 $382 $1,334 $15,889 $21,020
2009 $452 $1,571 $14,476 $20,350
2010 $561 $1,766 $13,731 $20,144
2011 $607 $1,744 $14,695 $21,196
2012 $651 $1,988 $13,509 $21,620
2013 $637 $2,133 $14,136 $22,432
2014 $625 $2,224 $14,188 $22,708
2015 $566 $2,284 $12,285 $23,759
2016 $522 $2,213 $12,821 $25,804
2017 $525 $2,336 $13,903 $27,889
2018 $491 $2,432 $15,460 $29,789
2019 $497 $2,583 $15,564 $33,064
2020 $511 $2,562 $14,808 $31,596
2021 $356 $2,144 $17,790 $36,933
2022 $357 $2,123 $18,466 $41,960
2023 $414 $2,202 $21,865 $45,603
2024 - - $23,931 $48,575

Spending and national debt comparison

In 2024, Afghanistan's government spending was $2.91B, accounting for 17% of its GDP, while Croatia's spent $44.8B, or 48.9% of GDP.

Debt-to-GDP ratio is 8.25% in Afghanistan and 55.9% in Croatia, ranking 181/185 and 94/185, respectively.

Afghanistan
Government spending

Government debt
Croatia
Government spending

Government debt
Year % of GDP
Afghanistan Croatia
Government spending Government debt Government spending Government debt
1992 - - 37.1% -
1993 - - 36% -
1994 - - 45.4% -
1995 - - 50.3% -
1996 - - 52.1% -
1997 - - 51.7% 22.5%
1998 - - 56.8% 23.3%
1999 - - 58.9% 30%
2000 - - 54.6% 35.4%
2001 - - 50.6% 36.6%
2002 6.94% 346% 49.2% 36.5%
2003 11.9% 270.6% 49.6% 37.8%
2004 15.1% 245% 49% 40%
2005 15.7% 206.4% 46.5% 40.9%
2006 18.3% 23% 44.6% 38.4%
2007 21.4% 20.1% 46.3% 37.1%
2008 20.9% 19.1% 46.3% 38.9%
2009 21.2% 16.2% 49.2% 47.9%
2010 20.8% 7.7% 48.1% 56.8%
2011 21.9% 7.5% 48.6% 63.1%
2012 25% 6.76% 47.3% 68.9%
2013 25% 6.9% 47.9% 79.5%
2014 25.4% 8.7% 48.7% 83.2%
2015 25.9% 9.15% 47.5% 82.8%
2016 28% 8.44% 45.9% 79.3%
2017 27.7% 8% 44.1% 76.2%
2018 28.9% 7.38% 44.9% 72.8%
2019 28% 6.14% 44.3% 70.9%
2020 27.9% 7.33% 53.7% 86.5%
2021 17.9% 11.1% 48.1% 78.2%
2022 16.1% 10.6% 44.9% 68.5%
2023 17% 8.25% 46.6% 61.8%
2024 - - 48.4% 57.6%
2025 - - 48.9% 55.9%

Government deficit by year

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was -$234M, equivalent to -1.36% of GDP. This compares to Croatia's deficit of -$722M, or -0.86% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Croatia ran a deficit in 18 years. On average, Afghanistan posted an annual deficit equal to -0.97% of GDP, compared to deficit of -3.41% of GDP for Croatia.

Deficit/surplus
Afghanistan

Croatia
Year Deficit/surplus, % of GDP
Afghanistan Croatia
1992 - -5.69%
1993 - -2.67%
1994 - -0.82%
1995 - -4.23%
1996 - -4.41%
1997 - -4.93%
1998 - -6.36%
1999 - -11.1%
2000 - -9.2%
2001 - -4.79%
2002 -0.1% -4.9%
2003 -2.1% -5.03%
2004 -2.39% -6.09%
2005 -0.92% -3.24%
2006 0.68% -2.01%
2007 -2.46% -2.28%
2008 -3.86% -2.34%
2009 -1.76% -7.15%
2010 0.93% -6.46%
2011 -0.67% -7.53%
2012 0.18% -5.46%
2013 -0.63% -5.52%
2014 -1.72% -5.19%
2015 -1.38% -3.53%
2016 0.13% -1.04%
2017 -0.67% 0.8%
2018 1.63% 0.23%
2019 -1.06% 2.31%
2020 -2.24% -7.23%
2021 -0.48% -2.55%
2022 -1% 0.14%
2023 -1.36% -0.86%
2024 - -2.14%
2025 - -2.36%

Inflation comparison by year

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 2.57% in Croatia. In 2024, inflation was -4.3% in Afghanistan and 2.97% in Croatia.

Inflation
Afghanistan

Croatia
Year Inflation
Afghanistan Croatia Afghanistan Croatia
1996 - 4.3%
1997 - 4.17%
1998 - 6.4%
1999 - 4.02%
2000 - 4.61%
2001 - 3.78%
2002 - 1.67%
2003 35.7% 1.77%
2004 16.4% 2.06%
2005 10.6% 3.32%
2006 6.8% 3.19%
2007 8.7% 2.9%
2008 26.4% 6.08%
2009 -6.8% 2.38%
2010 2.2% 1.03%
2011 11.8% 2.27%
2012 6.4% 3.41%
2013 7.4% 2.22%
2014 4.7% -0.22%
2015 -0.7% -0.46%
2016 4.4% -1.12%
2017 5% 1.13%
2018 0.6% 1.5%
2019 2.3% 0.77%
2020 5.6% 0.15%
2021 7.8% 2.55%
2022 10.6% 10.8%
2023 -7.7% 7.94%
2024 -4.3% 2.97%

Top exports between countries

Afghanistan
Export category Export value
Croatia
Export category Export value
Machinery & equipment $963K
Textiles & consumer goods $6K
Chemicals & pharma $3K
Raw materials & minerals $1K

Balance of trade

Afghanistan Croatia
Current account balance
-$3.14B
2020
-$1.05B
2024
Current account balance ranking
157/189
2020
124/189
2024
Current account balance, % of GDP
-15.7%
2020
-1.13%
2024
Goods imports
$5.88B
2020
$41.5B
2024
Goods exports
$777M
2020
$21.9B
2024
Service imports
$1.11B
2020
$8.35B
2024
Service exports
$700M
2020
$24.7B
2024
Imports of goods and services, % of GDP
50.7%
2023
52.9%
2024
Exports of goods and services, % of GDP
16.9%
2023
49.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Croatia
Economic freedom 53 68.7
Economic freedom ranking 142/197 45/197
Property rights 7.4 81.3
Government integrity 14.1 53.4
Judicial effectiveness 2.7 71.4
Tax burden 91.1 77.3
Government spending 76.1 35.1
Fiscal health 99.9 90.3
Business freedom 34.6 80.4
Labor freedom 45.1 69.1
Monetary freedom 80.8 66.6
Trade freedom 68.6 79.6
Investment freedom 10 60
Financial freedom 10 60

Economic freedom by year comparison

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 68.7 for Croatia, ranking 45/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Afghanistan
Croatia
Year Economic freedom index
Afghanistan Croatia
1996 - 48
1997 - 46.7
1998 - 51.7
1999 - 53.1
2000 - 53.6
2001 - 50.7
2002 - 51.1
2003 - 53.3
2004 - 53.1
2005 - 51.9
2006 - 53.6
2007 - 53.4
2008 - 54.1
2009 - 55.1
2010 - 59.2
2011 - 61.1
2012 - 60.9
2013 - 61.3
2014 - 60.4
2015 - 61.5
2016 - 59.1
2017 48.9 59.4
2018 51.3 61
2019 51.5 61.4
2020 54.7 62.2
2021 53 63.6
2022 - 67.6
2023 - 66.4
2024 - 67.2
2025 - 68.7

More economic indicators

Afghanistan Croatia
Services, % of GDP
46.4%
2023
59.7%
2024
Industry, % of GDP
13.4%
2023
19.8%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
3.41%
2024
GNI, Atlas method
$15.5B
2023
$85.4B
2024
GNI per capita, PPP
$2,210
2023
$48,760
2024
Total reserves including gold
$9.75B
2020
$3.34B
2024
Total reserves ranking
78/177
2020
116/177
2024
Net foreign direct investment
$24.3M
2020
-$1.88B
2024
Net inflows of foreign direct investment
$20.6M
2021
$4.67B
2024
Net outflows of foreign direct investment
$30.8M
2021
$2.79B
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
n/a
Poverty at national poverty lines
47.1%
2019
20.3%
2023
Gross capital formation, % of GDP
15.3%
2023
23.5%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.