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Economy of Croatia vs Czech Republic compared: GDP & Debt

Updated on by Georank

Croatia has a GDP of $105B compared to $391B for the Czech Republic, ranking 73/197 and 42/197 by economy size, respectively.

Croatia has $58.7B in government debt (55.9% of GDP), compared to $174B (44.6% of GDP) in the Czech Republic.

Croatia vs Czech Republic GDP by year

Croatia
Czech Republic
1x
Year GDP, current $
Croatia Czech Republic
2025 $105,060,182,186 $391,026,962,800
2024 $92,981,894,168 $347,082,562,221
2023 $85,621,337,533 $345,059,295,660
2022 $71,196,460,237 $301,831,228,326
2021 $69,002,262,505 $290,972,714,482
2020 $57,959,824,238 $251,109,660,603
2019 $61,467,261,345 $256,794,209,029
2018 $61,668,280,700 $251,992,360,762
2017 $56,182,225,079 $221,563,575,696
2016 $52,650,804,052 $198,160,659,304
2015 $50,999,271,059 $189,107,698,562
2014 $59,607,109,597 $210,911,285,078
2013 $59,846,869,999 $213,024,360,541
2012 $57,547,495,860 $210,363,223,088
2011 $62,889,150,894 $231,429,378,717
2010 $58,975,127,201 $211,168,667,286
2009 $62,315,450,611 $206,971,882,705
2008 $68,473,103,477 $236,506,264,754
2007 $59,290,547,254 $190,040,702,287
2006 $49,583,643,048 $156,236,258,387
2005 $45,012,776,906 $137,264,185,596
2004 $41,836,096,243 $120,147,899,984
2003 $35,244,797,329 $100,435,924,705
2002 $26,757,633,353 $82,607,869,610
2001 $23,067,071,478 $68,135,304,464
2000 $22,134,069,750 $62,175,642,238
1999 $23,776,940,769 $65,586,562,605
1998 $25,889,813,449 $67,187,217,328
1997 $24,175,272,572 $62,539,765,163
1996 $24,151,469,717 $67,804,105,330
1995 $22,772,224,146 $60,572,381,311
1994 $15,062,911,617 $48,188,478,339
1993 $11,259,647,874 $41,155,654,032
1992 $10,621,169,291 $35,051,065,440
1991 $18,760,386,775 $30,071,014,282
1990 $25,650,213,280 $41,016,881,802

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/croatia/czech-republic | CC BY

GDP per capita in Croatia vs Czech Republic by year

Croatia
GDP per capita

GDP per capita, PPP
Czech Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Czech Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $27,104 - $35,917 -
2024 $24,050 $49,551 $31,828 $57,285
2023 $22,183 $47,760 $31,762 $55,761
2022 $18,466 $42,125 $28,282 $52,947
2021 $17,789 $36,930 $27,696 $47,796
2020 $14,808 $31,594 $23,473 $44,839
2019 $15,564 $33,064 $24,063 $45,614
2018 $15,460 $29,789 $23,706 $41,638
2017 $13,902 $27,888 $20,913 $39,346
2016 $12,820 $25,803 $18,754 $36,445
2015 $12,284 $23,750 $17,932 $34,093
2014 $14,187 $22,706 $20,038 $32,743
2013 $14,135 $22,430 $20,260 $31,013
2012 $13,508 $21,619 $20,014 $29,466
2011 $14,692 $21,191 $22,049 $29,237
2010 $13,730 $20,139 $20,160 $28,154
2009 $14,475 $20,358 $19,817 $27,713
2008 $15,888 $21,018 $22,775 $27,938
2007 $13,756 $19,568 $18,453 $26,268
2006 $11,501 $17,629 $15,259 $23,914
2005 $10,443 $15,451 $13,442 $22,115
2004 $9,719 $14,686 $11,783 $20,988
2003 $8,190 $13,692 $9,852 $19,604
2002 $6,220 $12,775 $8,101 $18,344
2001 $5,365 $11,653 $6,669 $17,709
2000 $4,954 $10,675 $6,063 $16,332
1999 $5,269 $9,943 $6,378 $15,494
1998 $5,712 $9,890 $6,527 $15,064
1997 $5,331 $9,536 $6,069 $14,911
1996 $5,300 $8,806 $6,573 $14,781
1995 $4,929 $8,052 $5,865 $13,957
1994 $3,238 $7,337 $4,663 $12,862
1993 $2,448 $6,861 $3,984 $12,242
1992 $2,321 $7,326 $3,397 $11,963
1991 $4,001 $7,918 $2,917 $11,768
1990 $5,369 $9,526 $3,969 $12,848

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/croatia/czech-republic | CC BY

Croatia's GDP per capita is $27,104, ranking 49/197, compared to $35,917 in the Czech Republic, ranking 35/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while the Czech Republic ranks 35th at $57,285.

Economic indicators

Croatia Czech Republic
Gross domestic product
$105B
2025
$391B
2025
GDP rank
73/197
2025
42/197
2025
GDP growth
3.4%
2024-2025
2.58%
2024-2025
GDP per capita
$27,104
2025
$35,917
2025
GDP per capita rank
49/197
2025
35/197
2025
GDP per capita, PPP
$49,551
2024
$57,285
2024
GDP per capita PPP rank
46/197
2024
35/197
2024
Government debt
$58.7B
2025
$174B
2025
Debt-to-GDP ratio
55.9%
2025
44.6%
2025
Government debt per person
$15,144
2025
$16,026
2025
Government debt per person rank
44/185
2025
42/185
2025
Average annual personal income after taxes
$20,376
2026
$22,312
2026
Market capitalization of domestic companies
$37.9B
2025
$55.4B
2025
Number of billionaires
1
2026
11
2026
Income share by richest 10%
23.3%
2023
21.5%
2023
Income share by poorest 10%
2.9%
2023
3.8%
2023
Government expenditure, % of GDP
49.3%
2025
43.5%
2025
Consumer prices inflation
3.69%
2024-2025
2.46%
2024-2025
Central bank interest rate n/a
3.5%
2025
Unemployment rate
4.9%
2025
2.8%
2025
Population
3849788
10742283

Spending and national debt comparison by year

Croatia
Spending

Debt
Czech Republic
Spending

Debt
1x
Year % of GDP
Croatia Czech Republic
Government spending Government debt Government spending Government debt
2025 49.3% 55.9% 43.5% 44.6%
2024 48% 57.4% 42.9% 43.3%
2023 46.3% 60.9% 43.7% 42.2%
2022 45% 68.5% 43% 42.5%
2021 48.2% 78.2% 45% 40.7%
2020 53.8% 86.5% 46.3% 36.9%
2019 44.4% 70.9% 40.4% 29.6%
2018 45% 72.8% 40.1% 31.7%
2017 44.1% 76.2% 38.5% 33.8%
2016 45.9% 79.3% 39.4% 36.2%
2015 47.6% 82.8% 41.7% 39.5%
2014 48.7% 83.2% 42.3% 41.5%
2013 48% 79.5% 42.4% 44.1%
2012 47.3% 68.9% 44.4% 43.8%
2011 48.6% 63.1% 42.8% 39.4%
2010 48.2% 56.8% 43.2% 36.7%
2009 49.3% 47.9% 44.5% 33.4%
2008 46.3% 38.9% 40.9% 28.2%
2007 46.4% 37.1% 40.5% 27.3%
2006 44.6% 38.4% 41.5% 27.6%
2005 46.5% 40.9% 42.3% 27.7%
2004 49% 40% 42.2% 28.3%
2003 49.6% 37.8% 49% 28.1%
2002 49.2% 36.5% 44.4% 25.7%
2001 50.6% 36.6% 43.1% 22.6%
2000 54.6% 35.4% 40.6% 16.9%
1999 58.9% 30% 40.9% 15.1%
1998 56.8% 23.3% 41.6% 13.9%
1997 51.7% 22.5% 41.3% 12.1%
1996 52.1% - 41.4% 11.5%
1995 50.3% - 52.8% 13.5%
1994 45.4% - - -
1993 35.9% - - -
1992 37.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-07-08).

GeoRank.org/economy/croatia/czech-republic | CC BY

In 2025, Croatia's government spending was $51.8B, accounting for 49.3% of its GDP, while the Czech Republic spent $170B, or 43.5% of GDP.

Debt-to-GDP ratio is 55.9% in Croatia and 44.6% in the Czech Republic, ranking 87/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Czech Republic
1x
Year Deficit/surplus, % of GDP
Croatia Czech Republic
2025 -2.89% -2.03%
2024 -1.95% -2.03%
2023 -0.79% -3.73%
2022 0.14% -3.07%
2021 -2.57% -4.95%
2020 -7.24% -5.65%
2019 2.32% 0.28%
2018 0.22% 0.88%
2017 0.81% 1.46%
2016 -1.04% 0.68%
2015 -3.53% -0.67%
2014 -5.19% -2.09%
2013 -5.51% -1.3%
2012 -5.46% -3.92%
2011 -7.51% -2.71%
2010 -6.45% -4.14%
2009 -7.15% -5.46%
2008 -2.33% -2%
2007 -2.27% -0.68%
2006 -2% -2.19%
2005 -3.24% -3.06%
2004 -6.09% -2.4%
2003 -5.03% -6.87%
2002 -4.9% -6.34%
2001 -4.79% -5.76%
2000 -9.2% -3.55%
1999 -11.1% -3.08%
1998 -6.36% -4.14%
1997 -4.93% -3.14%
1996 -4.41% -2.98%
1995 -4.23% -12.3%
1994 -0.82% -
1993 -2.67% -
1992 -5.69% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

GeoRank.org/economy/croatia/czech-republic | CC BY

In 2025, Croatia's government deficit, the difference between spending and revenue, was $3.04B, equivalent to 2.89% of GDP. This compares to the Czech Republic's deficit of $7.92B, or 2.03% of GDP.

Over the past 31 years, Croatia recorded a fiscal deficit in 27 of those years, while the Czech Republic ran a deficit in 27 years. On average, Croatia posted an annual deficit equal to 4.02% of GDP, compared to deficit of 3.13% of GDP for the Czech Republic.

Inflation comparison by year

Inflation
Croatia

Czech Republic
1x
Year Consumer prices inflation
Croatia Czech Republic
2025 3.69% 2.46%
2024 2.97% 2.44%
2023 7.94% 10.7%
2022 10.8% 15.1%
2021 2.55% 3.84%
2020 0.15% 3.16%
2019 0.77% 2.85%
2018 1.5% 2.15%
2017 1.13% 2.45%
2016 -1.12% 0.68%
2015 -0.46% 0.31%
2014 -0.22% 0.34%
2013 2.22% 1.44%
2012 3.41% 3.29%
2011 2.27% 1.92%
2010 1.03% 1.47%
2009 2.38% 1.02%
2008 6.08% 6.36%
2007 2.9% 2.85%
2006 3.19% 2.53%
2005 3.32% 1.86%
2004 2.06% 2.76%
2003 1.77% 0.12%
2002 1.67% 1.9%
2001 3.78% 4.66%
2000 4.61% 3.78%
1999 4.02% 2.14%
1998 6.4% 10.7%
1997 4.17% 8.6%

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

GeoRank.org/economy/croatia/czech-republic | CC BY

Over the past 29 years, Croatia has recorded an average annual inflation rate of 2.93%, compared with 3.58% in the Czech Republic. In 2025, inflation was 3.69% in Croatia and 2.46% in the Czech Republic.

Top exports between countries

Croatia
Export category Export value
Transport & tourism services $433M
Chemicals & pharma $121M
Machinery & equipment $117M
Textiles & consumer goods $106M
Metals $59.9M
Processed food, beverages & tobacco $35.9M
Business & finance services $34.7M
Raw agricultural goods $24.2M
Raw materials & minerals $20.7M
IT & IP services $20.6M
Czech Republic
Export category Export value
Machinery & equipment $538M
Chemicals & pharma $219M
Processed food, beverages & tobacco $154M
Textiles & consumer goods $131M
Animal & marine products $96.7M
Transport & tourism services $78.6M
Metals $59.9M
Business & finance services $47.4M
Raw materials & minerals $39M
Wood & paper products $32M

Balance of trade

Croatia Czech Republic
Current account balance
-$1.93B
2024
$2.44B
2025
Current account balance ranking
141/190
2024
41/190
2025
Current account balance, % of GDP
-2.08%
2024
+0.62%
2025
Goods imports
$42.5B
2024
$197B
2025
Goods exports
$21.9B
2024
$215B
2025
Service imports
$8.42B
2024
$42.9B
2025
Service exports
$24.8B
2024
$47.5B
2025
Imports of goods and services, % of GDP
53%
2025
61.1%
2025
Exports of goods and services, % of GDP
48%
2025
66.9%
2025

Economic freedom indices

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

Croatia Czech Republic
Economic freedom 67.5 73.2
Economic freedom ranking 56/197 25/197
Property rights 81.1 89.8
Government integrity 52.6 64.7
Judicial effectiveness 71.7 92.1
Tax burden 70 78.8
Government spending 34.9 44.2
Fiscal health 92.2 82.5
Business freedom 79.6 76.8
Labor freedom 58.9 55.1
Monetary freedom 69.9 75
Trade freedom 79.4 79.4
Investment freedom 60 70
Financial freedom 60 70

Economic freedom comparison by year

Croatia
Czech Republic
1x
Year Economic freedom index
Croatia Czech Republic
2026 67.5 73.2
2025 68.7 72.9
2024 67.2 70.2
2023 66.4 71.9
2022 67.6 74.4
2021 63.6 73.8
2020 62.2 74.8
2019 61.4 73.7
2018 61 74.2
2017 59.4 73.3
2016 59.1 73.2
2015 61.5 72.5
2014 60.4 72.2
2013 61.3 70.9
2012 60.9 69.9
2011 61.1 70.4
2010 59.2 69.8
2009 55.1 69.4
2008 54.1 68.1
2007 53.4 67.4
2006 53.6 66.4
2005 51.9 64.6
2004 53.1 67
2003 53.3 67.5
2002 51.1 66.5
2001 50.7 70.2
2000 53.6 68.6
1999 53.1 69.7
1998 51.7 68.4
1997 46.7 68.8
1996 48 68.1
1995 - 67.8

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

GeoRank.org/economy/croatia/czech-republic | CC BY

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 73.2 for the Czech Republic, ranking 25/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Czech Republic
Services, % of GDP
60.9%
2025
60.8%
2025
Industry, % of GDP
19%
2025
28.7%
2025
Agriculture, forestry, and fishing, % of GDP
2.83%
2025
1.95%
2025
GNI, Atlas method
$98.3B
2025
$359B
2025
GNI per capita, PPP
$50,410
2025
$57,870
2025
Total reserves including gold
$4.22B
2025
$176B
2025
Total reserves ranking
110/177
2025
21/177
2025
Net foreign direct investment
-$1.74B
2024
-$1.88B
2025
Net inflows of foreign direct investment
$4.54B
2024
$13.5B
2024
Net outflows of foreign direct investment
$2.79B
2024
$12.9B
2024
Poverty at national poverty lines
20.3%
2024
10.2%
2021
Gross capital formation, % of GDP
24.6%
2025
26.8%
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/croatia/czech-republic | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, 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 (2024–2025, 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.