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Economy of Cameroon vs Croatia compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $53.3B compared to $93B for Croatia, ranking 91/197 and 75/197 by economy size, respectively.

Cameroon has $22.8B in government debt (42.8% of GDP), compared to $53.5B (57.6% of GDP) in Croatia.

Cameroon vs Croatia GDP by year

Cameroon
Croatia
1x
Year GDP, current $
Cameroon Croatia
2024 $53,296,694,320 $92,983,810,329
2023 $48,814,501,547 $85,624,153,964
2022 $44,347,206,073 $71,196,498,671
2021 $45,011,937,347 $69,002,365,163
2020 $40,773,241,177 $57,959,843,541
2019 $39,667,757,528 $61,466,721,186
2018 $39,955,552,190 $61,667,925,219
2017 $36,098,547,033 $56,182,782,586
2016 $33,814,337,044 $52,650,714,172
2015 $32,210,233,020 $50,998,893,385
2014 $36,386,544,706 $59,606,934,501
2013 $33,728,621,180 $59,846,265,182
2012 $30,155,062,329 $57,548,115,904
2011 $30,630,910,495 $62,889,007,657
2010 $27,507,501,821 $58,975,205,417
2009 $27,932,970,317 $62,315,996,675
2008 $27,715,142,033 $68,472,854,617
2007 $23,928,250,433 $59,290,621,398
2006 $20,910,512,975 $49,583,544,860
2005 $19,509,852,207 $45,013,119,282
2004 $18,826,214,136 $41,836,292,157
2003 $15,970,315,035 $35,245,317,002
2002 $12,417,251,350 $26,757,722,429
2001 $10,953,485,349 $23,066,883,850
2000 $10,566,579,295 $22,134,411,297
1999 $11,565,826,465 $23,777,026,779
1998 $11,298,144,990 $25,890,228,430
1997 $10,789,458,433 $24,175,764,812
1996 $11,093,538,846 $24,150,978,347
1995 $10,864,772,471 $22,772,394,547
1994 $8,902,446,252 $15,062,911,617
1993 $16,181,814,713 $11,259,647,874
1992 $12,071,775,335 $10,621,169,291
1991 $11,840,192,296 $18,760,386,775
1990 $12,314,482,628 $25,650,213,280
1989 $11,012,566,195 -
1988 $12,236,057,362 -
1987 $13,049,659,981 -
1986 $11,857,056,199 -
1985 $8,544,810,498 -
1984 $7,311,938,026 -
1983 $6,870,200,010 -
1982 $6,611,255,964 -
1981 $6,610,938,617 -
1980 $6,674,569,047 -
1979 $5,919,002,983 -
1978 $4,662,852,583 -
1977 $3,394,664,024 -
1976 $2,898,090,002 -
1975 $2,857,037,371 -
1974 $2,157,415,533 -
1973 $1,901,393,361 -
1972 $1,498,251,890 -
1971 $1,236,941,394 -
1970 $1,151,216,993 -
1969 $1,100,551,489 -
1968 $1,046,191,218 -
1967 $936,175,260 -
1966 $851,112,535 -
1965 $814,083,266 -
1964 $776,650,177 -
1963 $718,320,845 -
1962 $694,247,864 -
1961 $652,777,608 -
1960 $614,206,068 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Cameroon vs Croatia by year

Cameroon
GDP per capita

GDP per capita, PPP
Croatia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cameroon Croatia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,830 $5,589 $24,050 $49,551
2023 $1,720 $5,411 $22,184 $47,760
2022 $1,605 $5,189 $18,466 $42,125
2021 $1,672 $4,794 $17,789 $36,930
2020 $1,556 $4,365 $14,808 $31,594
2019 $1,555 $4,241 $15,564 $33,064
2018 $1,611 $4,011 $15,460 $29,789
2017 $1,496 $3,767 $13,902 $27,888
2016 $1,442 $3,627 $12,820 $25,803
2015 $1,415 $3,498 $12,284 $23,750
2014 $1,649 $3,422 $14,187 $22,706
2013 $1,576 $3,239 $14,135 $22,430
2012 $1,449 $3,060 $13,508 $21,619
2011 $1,514 $2,989 $14,692 $21,191
2010 $1,399 $2,914 $13,730 $20,139
2009 $1,461 $2,879 $14,475 $20,358
2008 $1,492 $2,870 $15,888 $21,018
2007 $1,326 $2,818 $13,756 $19,568
2006 $1,191 $2,704 $11,501 $17,629
2005 $1,143 $2,598 $10,444 $15,451
2004 $1,133 $2,533 $9,719 $14,686
2003 $988 $2,368 $8,190 $13,692
2002 $790 $2,263 $6,220 $12,775
2001 $715 $2,191 $5,365 $11,653
2000 $709 $2,108 $4,954 $10,675
1999 $796 $2,039 $5,269 $9,943
1998 $799 $1,975 $5,713 $9,890
1997 $783 $1,915 $5,331 $9,536
1996 $827 $1,850 $5,300 $8,806
1995 $832 $1,790 $4,929 $8,052
1994 $701 $1,752 $3,238 $7,337
1993 $1,310 $1,731 $2,448 $6,861
1992 $1,005 $1,890 $2,321 $7,326
1991 $1,015 $1,963 $4,001 $7,918
1990 $1,087 $2,032 $5,369 $9,526
1989 $1,001 - - -
1988 $1,145 - - -
1987 $1,258 - - -
1986 $1,179 - - -
1985 $875 - - -
1984 $772 - - -
1983 $746 - - -
1982 $732 - - -
1981 $750 - - -
1980 $784 - - -
1979 $718 - - -
1978 $582 - - -
1977 $435 - - -
1976 $381 - - -
1975 $386 - - -
1974 $299.9 - - -
1973 $271.8 - - -
1972 $220.1 - - -
1971 $186.7 - - -
1970 $178.5 - - -
1969 $175.2 - - -
1968 $170.8 - - -
1967 $156.6 - - -
1966 $145.8 - - -
1965 $142.7 - - -
1964 $139.2 - - -
1963 $131.6 - - -
1962 $130 - - -
1961 $124.6 - - -
1960 $119.1 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Cameroon's GDP per capita is $1,830, ranking 158/197, compared to $24,050 in Croatia, ranking 50/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 156th at $5,589, while Croatia ranks 46th at $49,551.

Economic indicators

Cameroon Croatia
Gross domestic product
$53.3B
2024
$93B
2024
GDP rank
91/197
2024
75/197
2024
GDP growth
3.52%
2023-2024
3.83%
2023-2024
GDP per capita
$1,830
2024
$24,050
2024
GDP per capita rank
158/197
2024
50/197
2024
GDP per capita, PPP
$5,589
2024
$49,551
2024
GDP per capita PPP rank
156/197
2024
46/197
2024
Government debt
$22.8B
2024
$53.5B
2024
Debt-to-GDP ratio
42.8%
2024
57.6%
2024
Government debt per person
$784
2024
$13,844
2024
Government debt per person rank
152/185
2024
42/185
2024
Average annual personal income after taxes
$1,578
2026
$20,856
2026
Market capitalization of domestic companies n/a
$27.8B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
31.1%
2021
23.3%
2023
Income share by poorest 10%
2.1%
2021
2.9%
2023
Government expenditure, % of GDP
16.7%
2024
48%
2024
Consumer prices inflation
4.53%
2023-2024
2.97%
2023-2024
Unemployment rate
3.28%
2021
5.03%
2024
Population
30864115
3812193

Spending and national debt comparison by year

Cameroon
Spending

Debt
Croatia
Spending

Debt
1x
Year % of GDP
Cameroon Croatia
Government spending Government debt Government spending Government debt
2024 16.7% 42.8% 48% 57.6%
2023 17.1% 43.1% 46.8% 61.8%
2022 17.1% 45.6% 45% 68.5%
2021 17.1% 47.2% 48.1% 78.2%
2020 16.6% 44.9% 53.7% 86.5%
2019 18.7% 41.6% 44.3% 70.9%
2018 18% 38.3% 44.9% 72.8%
2017 19.2% 36.5% 44.1% 76.2%
2016 20.2% 32.1% 45.9% 79.3%
2015 20.1% 31.6% 47.5% 82.8%
2014 20.1% 20.7% 48.7% 83.2%
2013 19.2% 17.5% 47.9% 79.5%
2012 17.2% 14.9% 47.3% 68.9%
2011 17.8% 15.9% 48.6% 63.1%
2010 15.2% 14% 48.1% 56.8%
2009 14.7% 11.3% 49.2% 47.9%
2008 15.9% 11.2% 46.3% 38.9%
2007 13.5% 13.8% 46.3% 37.1%
2006 12.5% 18.4% 44.6% 38.4%
2005 12.4% 43.8% 46.5% 40.9%
2004 13.4% 51.7% 49% 40%
2003 13.2% 51.5% 49.6% 37.8%
2002 13.9% 56.6% 49.2% 36.5%
2001 14.6% 62.2% 50.6% 36.6%
2000 14.6% 75.9% 54.6% 35.4%
1999 - 68.4% 58.9% 30%
1998 - 67.8% 56.8% 23.3%
1997 - - 51.7% 22.5%
1996 - - 52.1% -
1995 - - 50.3% -
1994 - - 45.4% -
1993 - - 36% -
1992 - - 37.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-02-20).

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

In 2024, Cameroon's government spending was $8.91B, accounting for 16.7% of its GDP, while Croatia spent $44.6B, or 48% of GDP.

Debt-to-GDP ratio is 42.8% in Cameroon and 57.6% in Croatia, ranking 125/185 and 86/185, respectively.

Government deficit by year

Deficit/surplus
Cameroon

Croatia
1x
Year Deficit/surplus, % of GDP
Cameroon Croatia
2024 -1.48% -1.95%
2023 -0.63% -0.79%
2022 -1.11% 0.12%
2021 -3.01% -2.58%
2020 -3.19% -7.23%
2019 -3.24% 2.31%
2018 -2.41% 0.23%
2017 -4.72% 0.8%
2016 -5.88% -1.04%
2015 -4.25% -3.53%
2014 -4.09% -5.19%
2013 -3.55% -5.52%
2012 -1.4% -5.46%
2011 -2.26% -7.53%
2010 -0.93% -6.46%
2009 -0.04% -7.15%
2008 2% -2.34%
2007 3.87% -2.28%
2006 28.2% -2.01%
2005 3.03% -3.24%
2004 -0.46% -6.09%
2003 0.56% -5.03%
2002 1.51% -4.9%
2001 0.86% -4.79%
2000 1.54% -9.2%
1999 - -11.1%
1998 - -6.36%
1997 - -4.93%
1996 - -4.41%
1995 - -4.23%
1994 - -0.82%
1993 - -2.67%
1992 - -5.69%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

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

In 2024, Cameroon's government deficit, the difference between spending and revenue, was $789M, equivalent to 1.48% of GDP. This compares to Croatia's deficit of $1.82B, or 1.95% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Croatia ran a deficit in 21 years. On average, Cameroon posted an annual deficit equal to 0.04% of GDP, compared to deficit of 3.63% of GDP for Croatia.

Inflation comparison by year

Inflation
Cameroon

Croatia
1x
Year Consumer prices inflation
Cameroon Croatia
2024 4.53% 2.97%
2023 7.38% 7.94%
2022 6.25% 10.8%
2021 2.27% 2.55%
2020 2.44% 0.15%
2019 2.45% 0.77%
2018 1.07% 1.5%
2017 0.64% 1.13%
2016 0.87% -1.12%
2015 2.68% -0.46%
2014 1.85% -0.22%
2013 2.05% 2.22%
2012 2.74% 3.41%
2011 2.94% 2.27%
2010 1.28% 1.03%
2009 3.04% 2.38%
2008 5.34% 6.08%
2007 0.92% 2.9%
2006 5.12% 3.19%
2005 2.01% 3.32%
2004 0.23% 2.06%
2003 0.62% 1.77%
2002 2.83% 1.67%
2001 4.42% 3.78%
2000 1.23% 4.61%
1999 1.87% 4.02%
1998 3.17% 6.4%
1997 4.79% 4.17%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Cameroon has recorded an average annual inflation rate of 2.75%, compared with 2.9% in Croatia. In 2024, inflation was 4.53% in Cameroon and 2.97% in Croatia.

Top exports between countries

Cameroon
Export category Export value
Wood & paper products $164K
Processed food, beverages & tobacco $103K
Raw agricultural goods $47K
Croatia
Export category Export value
Wood & paper products $3.74M
Raw agricultural goods $2.48M
Weapons & explosives $2.46M
Machinery & equipment $385K
Animal & marine products $55K
Chemicals & pharma $1K
Textiles & consumer goods $1K

Balance of trade

Cameroon Croatia
Current account balance
-$2.02B
2023
-$1.05B
2024
Current account balance ranking
144/190
2023
125/190
2024
Current account balance, % of GDP
-4.14%
2023
-1.13%
2024
Goods imports
$7.74B
2023
$41.5B
2024
Goods exports
$6.34B
2023
$21.9B
2024
Service imports
$2.55B
2023
$8.35B
2024
Service exports
$2.01B
2023
$24.7B
2024
Imports of goods and services, % of GDP
18.7%
2024
54.8%
2024
Exports of goods and services, % of GDP
15.7%
2024
50.1%
2024

Economic freedom indices

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

Cameroon Croatia
Economic freedom 52 67.5
Economic freedom ranking 151/197 56/197
Property rights 28.1 81.1
Government integrity 21 52.6
Judicial effectiveness 10.1 71.7
Tax burden 72.2 70
Government spending 91.4 34.9
Fiscal health 94.5 92.2
Business freedom 48.6 79.6
Labor freedom 45.6 58.9
Monetary freedom 75.3 69.9
Trade freedom 57.2 79.4
Investment freedom 30 60
Financial freedom 50 60

Economic freedom comparison by year

Cameroon
Croatia
1x
Year Economic freedom index
Cameroon Croatia
2026 52 67.5
2025 52.1 68.7
2024 53.6 67.2
2023 51.9 66.4
2022 52.9 67.6
2021 53.4 63.6
2020 53.6 62.2
2019 52.4 61.4
2018 51.9 61
2017 51.8 59.4
2016 54.2 59.1
2015 51.9 61.5
2014 52.6 60.4
2013 52.3 61.3
2012 51.8 60.9
2011 51.8 61.1
2010 52.3 59.2
2009 53 55.1
2008 54.3 54.1
2007 55.6 53.4
2006 54.6 53.6
2005 53 51.9
2004 52.3 53.1
2003 52.7 53.3
2002 52.8 51.1
2001 53.3 50.7
2000 49.9 53.6
1999 50.3 53.1
1998 48 51.7
1997 44.6 46.7
1996 45.7 48
1995 51.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Cameroon is 52, ranking 151/197, 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

Cameroon Croatia
Services, % of GDP
50.7%
2024
60.8%
2024
Industry, % of GDP
23.2%
2024
19.2%
2024
Agriculture, forestry, and fishing, % of GDP
18.5%
2024
2.9%
2024
GNI, Atlas method
$49.5B
2024
$86B
2024
GNI per capita, PPP
$5,490
2024
$49,740
2024
Total reserves including gold
$4.88B
2023
$3.34B
2024
Total reserves ranking
103/177
2023
116/177
2024
Net foreign direct investment
-$901M
2023
-$1.88B
2024
Net inflows of foreign direct investment
$888M
2024
$4.54B
2024
Net outflows of foreign direct investment
$63.4M
2024
$2.79B
2024
Servicing debt to the IMF, % of GNI
3.2%
2024
n/a
Poverty at national poverty lines
37.7%
2021
20.3%
2023
Gross capital formation, % of GDP
18.9%
2024
24.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-02-20)

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.

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.