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Economy of Bahrain vs Croatia compared: GDP & Debt

Updated on by Georank

Bahrain has a GDP of $49B compared to $105B for Croatia, ranking 98/197 and 73/197 by economy size, respectively.

Bahrain has $72.3B in government debt (147.6% of GDP), compared to $58.7B (55.9% of GDP) in Croatia.

Bahrain vs Croatia GDP by year

Bahrain
Croatia
1x
Year GDP, current $
Bahrain Croatia
2025 $48,965,725,532 $105,060,182,186
2024 $47,210,732,713 $92,981,894,168
2023 $46,192,260,638 $85,621,337,533
2022 $46,458,191,489 $71,196,460,237
2021 $40,840,212,766 $69,002,262,505
2020 $35,837,632,979 $57,959,824,238
2019 $40,446,808,511 $61,467,261,345
2018 $39,567,978,723 $61,668,280,700
2017 $37,204,813,830 $56,182,225,079
2016 $33,884,680,851 $52,650,804,052
2015 $32,523,297,872 $50,999,271,059
2014 $34,772,526,596 $59,607,109,597
2013 $33,823,324,468 $59,846,869,999
2012 $31,963,404,255 $57,547,495,860
2011 $29,914,680,851 $62,889,150,894
2010 $26,805,984,043 $58,975,127,201
2009 $22,938,218,085 $62,315,450,611
2008 $25,710,904,255 $68,473,103,477
2007 $21,730,000,000 $59,290,547,254
2006 $18,504,760,638 $49,583,643,048
2005 $15,968,723,404 $45,012,776,906
2004 $13,150,159,574 $41,836,096,243
2003 $11,074,813,830 $35,244,797,329
2002 $9,593,510,638 $26,757,633,353
2001 $8,976,196,809 $23,067,071,478
2000 $9,062,898,936 $22,134,069,750
1999 $7,528,469,149 $23,776,940,769
1998 $7,031,309,043 $25,889,813,449
1997 $7,219,407,713 $24,175,272,572
1996 $6,938,166,755 $24,151,469,717
1995 $6,651,180,851 $22,772,224,146
1994 $6,330,627,926 $15,062,911,617
1993 $5,913,001,064 $11,259,647,874
1992 $5,402,232,447 $10,621,169,291
1991 $5,248,911,170 $18,760,386,775
1990 $4,809,511,005 $25,650,213,280
1989 $4,393,093,963 -
1988 $4,209,834,173 -
1987 $3,856,922,694 -
1986 $3,470,746,843 -
1985 $4,152,376,484 -
1984 $4,440,874,566 -
1983 $4,247,030,468 -
1982 $4,145,421,080 -
1981 $3,943,109,532 -
1980 $3,493,834,468 -
1979 $2,710,160,739 -
1978 $2,272,042,965 -
1977 $1,989,060,283 -
1976 $1,581,709,519 -
1975 $1,099,107,601 -
1974 $1,042,176,884 -
1973 $761,132,545 -
1972 $534,081,184 -
1971 $422,181,562 -
1970 $391,577,364 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahrain/croatia | CC BY

GDP per capita in Bahrain vs Croatia by year

Bahrain
GDP per capita

GDP per capita, PPP
Croatia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Croatia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,597 - $27,104 -
2024 $29,717 $66,941 $24,050 $49,551
2023 $29,290 $64,171 $22,183 $47,760
2022 $30,471 $61,678 $18,466 $42,125
2021 $27,148 $54,955 $17,789 $36,930
2020 $24,343 $53,436 $14,808 $31,594
2019 $27,260 $56,600 $15,564 $33,064
2018 $26,324 $51,993 $15,460 $29,789
2017 $24,785 $50,185 $13,902 $27,888
2016 $23,800 $47,429 $12,820 $25,803
2015 $23,734 $48,034 $12,284 $23,750
2014 $26,452 $54,299 $14,187 $22,706
2013 $26,990 $56,310 $14,135 $22,430
2012 $26,439 $56,713 $13,508 $21,619
2011 $25,033 $52,677 $14,692 $21,191
2010 $21,819 $49,255 $13,730 $20,139
2009 $19,465 $48,626 $14,475 $20,358
2008 $23,299 $50,330 $15,888 $21,018
2007 $20,908 $49,347 $13,756 $19,568
2006 $19,267 $48,009 $11,501 $17,629
2005 $17,966 $47,268 $10,443 $15,451
2004 $15,964 $46,317 $9,719 $14,686
2003 $14,486 $45,427 $8,190 $13,692
2002 $13,501 $45,091 $6,220 $12,775
2001 $13,573 $46,162 $5,365 $11,653
2000 $14,214 $45,688 $4,954 $10,675
1999 $12,123 $43,561 $5,269 $9,943
1998 $11,625 $42,281 $5,712 $9,890
1997 $12,255 $40,965 $5,331 $9,536
1996 $12,092 $40,106 $5,300 $8,806
1995 $11,901 $38,839 $4,929 $8,052
1994 $11,629 $37,579 $3,238 $7,337
1993 $11,152 $37,870 $2,448 $6,861
1992 $10,460 $33,648 $2,321 $7,326
1991 $10,434 $31,657 $4,001 $7,918
1990 $9,343 $26,902 $5,369 $9,526
1989 $8,833 - - -
1988 $8,772 - - -
1987 $8,333 - - -
1986 $7,777 - - -
1985 $9,649 - - -
1984 $10,697 - - -
1983 $10,599 - - -
1982 $10,712 - - -
1981 $10,557 - - -
1980 $9,733 - - -
1979 $7,891 - - -
1978 $6,926 - - -
1977 $6,358 - - -
1976 $5,310 - - -
1975 $3,880 - - -
1974 $3,874 - - -
1973 $2,981 - - -
1972 $2,206 - - -
1971 $1,830 - - -
1970 $1,742 - - -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahrain/croatia | CC BY

Bahrain's GDP per capita is $30,597, ranking 44/197, compared to $27,104 in Croatia, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Croatia ranks 46th at $49,551.

Economic indicators

Bahrain Croatia
Gross domestic product
$49B
2025
$105B
2025
GDP rank
98/197
2025
73/197
2025
GDP growth
3.48%
2024-2025
3.4%
2024-2025
GDP per capita
$30,597
2025
$27,104
2025
GDP per capita rank
44/197
2025
49/197
2025
GDP per capita, PPP
$66,941
2024
$49,551
2024
GDP per capita PPP rank
26/197
2024
46/197
2024
Government debt
$72.3B
2025
$58.7B
2025
Debt-to-GDP ratio
147.6%
2025
55.9%
2025
Government debt per person
$45,165
2025
$15,144
2025
Government debt per person rank
13/185
2025
44/185
2025
Average annual personal income after taxes
$23,191
2026
$20,376
2026
Market capitalization of domestic companies
$21.3B
2025
$37.9B
2025
Number of billionaires n/a
1
2026
Income share by richest 10% n/a
23.3%
2023
Income share by poorest 10% n/a
2.9%
2023
Government expenditure, % of GDP
29.4%
2025
49.3%
2025
Consumer prices inflation
-0.14%
2024-2025
3.69%
2024-2025
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
0.89%
2015
4.9%
2025
Population
1649267
3849788

Spending and national debt comparison by year

Bahrain
Spending

Debt
Croatia
Spending

Debt
1x
Year % of GDP
Bahrain Croatia
Government spending Government debt Government spending Government debt
2025 29.4% 147.6% 49.3% 55.9%
2024 28.9% 133.7% 48% 57.4%
2023 29% 123% 46.3% 60.9%
2022 28.4% 111.6% 45% 68.5%
2021 30.6% 122.3% 48.2% 78.2%
2020 34.6% 125.7% 53.8% 86.5%
2019 31.2% 97.1% 44.4% 70.9%
2018 32.1% 90.4% 45% 72.8%
2017 30.7% 84% 44.1% 76.2%
2016 33.3% 77.4% 45.9% 79.3%
2015 34.8% 63.2% 47.6% 82.8%
2014 27.3% 42.6% 48.7% 83.2%
2013 32% 42.3% 48% 79.5%
2012 31.1% 34.8% 47.3% 68.9%
2011 30.2% 31.6% 48.6% 63.1%
2010 31.1% 28.8% 48.2% 56.8%
2009 24.6% 20.5% 49.3% 47.9%
2008 22.7% 12.1% 46.3% 38.9%
2007 22.4% 15.7% 46.4% 37.1%
2006 23.1% 19.4% 44.6% 38.4%
2005 23.9% 23.2% 46.5% 40.9%
2004 25% 28.2% 49% 40%
2003 28.1% 31.1% 49.6% 37.8%
2002 30.6% 27.2% 49.2% 36.5%
2001 26.5% 25% 50.6% 36.6%
2000 22.2% 24.7% 54.6% 35.4%
1999 27.1% 24.7% 58.9% 30%
1998 25.7% 20% 56.8% 23.3%
1997 31% 14.8% 51.7% 22.5%
1996 22.7% 13.1% 52.1% -
1995 25.1% 13.6% 50.3% -
1994 26.1% 5.62% 45.4% -
1993 26.7% 5.95% 35.9% -
1992 29.4% 6.45% 37.1% -
1991 28.5% 6.71% - -
1990 32.4% 7.24% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-07-08).

GeoRank.org/economy/bahrain/croatia | CC BY

In 2025, Bahrain's government spending was $14.4B, accounting for 29.4% of its GDP, while Croatia spent $51.8B, or 49.3% of GDP.

Debt-to-GDP ratio is 147.6% in Bahrain and 55.9% in Croatia, ranking 6/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Croatia
1x
Year Deficit/surplus, % of GDP
Bahrain Croatia
2025 -13% -2.89%
2024 -11% -1.95%
2023 -9.66% -0.79%
2022 -6.03% 0.14%
2021 -10.6% -2.57%
2020 -17.3% -7.24%
2019 -8.57% 2.32%
2018 -11.3% 0.22%
2017 -13.4% 0.81%
2016 -16.6% -1.04%
2015 -17.5% -3.53%
2014 -3.32% -5.19%
2013 -8.55% -5.51%
2012 -5.77% -5.46%
2011 -4.9% -7.51%
2010 -9.29% -6.45%
2009 -5.36% -7.15%
2008 4.08% -2.33%
2007 1.52% -2.27%
2006 2.24% -2%
2005 2.8% -3.24%
2004 0.24% -6.09%
2003 -1.7% -5.03%
2002 -3.27% -4.9%
2001 0.7% -4.79%
2000 7.33% -9.2%
1999 -4.85% -11.1%
1998 -5.49% -6.36%
1997 -6.39% -4.93%
1996 0.24% -4.41%
1995 -3.99% -4.23%
1994 -5.18% -0.82%
1993 -2.77% -2.67%
1992 -5.41% -5.69%
1991 -3.47% -
1990 -6.79% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahrain/croatia | CC BY

In 2025, Bahrain's government deficit, the difference between spending and revenue, was $6.35B, equivalent to 13% of GDP. This compares to Croatia's deficit of $3.04B, or 2.89% of GDP.

Over the past 34 years, Bahrain recorded a fiscal deficit in 26 of those years, while Croatia ran a deficit in 30 years. On average, Bahrain posted an annual deficit equal to 5.64% of GDP, compared to deficit of 3.94% of GDP for Croatia.

Inflation comparison by year

Inflation
Bahrain

Croatia
1x
Year Consumer prices inflation
Bahrain Croatia
2025 -0.14% 3.69%
2024 0.92% 2.97%
2023 0.07% 7.94%
2022 3.63% 10.8%
2021 -0.61% 2.55%
2020 -2.32% 0.15%
2019 1.01% 0.77%
2018 2.09% 1.5%
2017 1.39% 1.13%
2016 2.79% -1.12%
2015 1.85% -0.46%
2014 2.65% -0.22%
2013 3.3% 2.22%
2012 2.76% 3.41%
2011 -0.4% 2.27%
2010 1.96% 1.03%
2009 2.8% 2.38%
2008 3.53% 6.08%
2007 3.26% 2.9%
2006 2.01% 3.19%
2005 2.59% 3.32%
2004 2.35% 2.06%
2003 1.59% 1.77%
2002 -0.5% 1.67%
2001 -1.21% 3.78%
2000 -0.7% 4.61%
1999 -1.29% 4.02%
1998 -0.37% 6.4%
1997 2.43% 4.17%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahrain/croatia | CC BY

Over the past 29 years, Bahrain has recorded an average annual inflation rate of 1.29%, compared with 2.93% in Croatia. In 2025, inflation was -0.14% in Bahrain and 3.69% in Croatia.

Top exports between countries

Bahrain
Export category Export value
Metals $3.83M
Machinery & equipment $844K
Textiles & consumer goods $123K
Chemicals & pharma $2K
Miscellaneous $2K
Wood & paper products $1K
Croatia
Export category Export value
Wood & paper products $6.21M
Machinery & equipment $1.74M
Weapons & explosives $129K
Processed food, beverages & tobacco $82K
Textiles & consumer goods $69K
Chemicals & pharma $66K
Raw agricultural goods $26K
Raw materials & minerals $16K
Miscellaneous $12K
Metals $4K

Balance of trade

Bahrain Croatia
Current account balance
$2.28B
2024
-$1.93B
2024
Current account balance ranking
43/190
2024
141/190
2024
Current account balance, % of GDP
+4.83%
2024
-2.08%
2024
Goods imports
$20.7B
2024
$42.5B
2024
Goods exports
$24.3B
2024
$21.9B
2024
Service imports
$12.4B
2024
$8.42B
2024
Service exports
$17B
2024
$24.8B
2024
Imports of goods and services, % of GDP
70%
2024
53%
2025
Exports of goods and services, % of GDP
87.5%
2024
48%
2025

Economic freedom indices

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

Bahrain Croatia
Economic freedom 65.7 67.5
Economic freedom ranking 63/197 56/197
Property rights 60.9 81.1
Government integrity 45.9 52.6
Judicial effectiveness 30 71.7
Tax burden 99.9 70
Government spending 75 34.9
Fiscal health 0 92.2
Business freedom 75.9 79.6
Labor freedom 55.5 58.9
Monetary freedom 88.8 69.9
Trade freedom 86.8 79.4
Investment freedom 90 60
Financial freedom 80 60

Economic freedom comparison by year

Bahrain
Croatia
1x
Year Economic freedom index
Bahrain Croatia
2026 65.7 67.5
2025 65.6 68.7
2024 63.4 67.2
2023 62.5 66.4
2022 62 67.6
2021 69.9 63.6
2020 66.3 62.2
2019 66.4 61.4
2018 67.7 61
2017 68.5 59.4
2016 74.3 59.1
2015 73.4 61.5
2014 75.1 60.4
2013 75.5 61.3
2012 75.2 60.9
2011 77.7 61.1
2010 76.3 59.2
2009 74.8 55.1
2008 72.2 54.1
2007 71.2 53.4
2006 71.6 53.6
2005 71.2 51.9
2004 75.1 53.1
2003 76.3 53.3
2002 75.6 51.1
2001 75.9 50.7
2000 75.7 53.6
1999 75.2 53.1
1998 75.6 51.7
1997 76.1 46.7
1996 76.4 48
1995 76.2 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/bahrain/croatia | CC BY

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 67.5 for Croatia, ranking 56/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Croatia
Services, % of GDP
54.3%
2025
60.9%
2025
Industry, % of GDP
41.2%
2025
19%
2025
Agriculture, forestry, and fishing, % of GDP
0.24%
2025
2.83%
2025
GNI, Atlas method
$46.1B
2025
$98.3B
2025
GNI per capita, PPP
$65,500
2025
$50,410
2025
Total reserves including gold
$5.27B
2025
$4.22B
2025
Total reserves ranking
101/177
2025
110/177
2025
Net foreign direct investment
-$2.43B
2024
-$1.74B
2024
Net inflows of foreign direct investment
$2.7B
2024
$4.54B
2024
Net outflows of foreign direct investment
$275M
2024
$2.79B
2024
Poverty at national poverty lines n/a
20.3%
2024
Gross capital formation, % of GDP
28.4%
2024
24.6%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahrain/croatia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.

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.