Skip to content

Economy of Croatia vs Ecuador compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $125B for Ecuador, ranking 75/197 and 62/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $67B (53.8% of GDP) in Ecuador.

Croatia vs Ecuador GDP by year

Croatia
Ecuador
1x
Year GDP, current $
Croatia Ecuador
2024 $92,983,810,329 $124,676,074,700
2023 $85,624,153,964 $121,147,057,000
2022 $71,196,498,671 $116,133,121,000
2021 $69,002,365,163 $107,179,074,000
2020 $57,959,843,541 $95,865,473,000
2019 $61,466,721,186 $107,595,830,000
2018 $61,667,925,219 $107,478,961,000
2017 $56,182,782,586 $104,467,486,000
2016 $52,650,714,172 $97,671,433,000
2015 $50,998,893,385 $97,209,558,000
2014 $59,606,934,501 $102,717,794,000
2013 $59,846,265,182 $96,570,334,000
2012 $57,548,115,904 $87,735,048,000
2011 $62,889,007,657 $78,986,648,000
2010 $58,975,205,417 $68,151,329,000
2009 $62,315,996,675 $60,094,978,000
2008 $68,472,854,617 $61,139,438,000
2007 $59,290,621,398 $49,848,725,000
2006 $49,583,544,860 $45,690,762,000
2005 $45,013,119,282 $40,278,849,000
2004 $41,836,292,157 $35,194,947,000
2003 $35,245,317,002 $30,965,208,000
2002 $26,757,722,429 $27,054,197,000
2001 $23,066,883,850 $23,127,055,000
2000 $22,134,411,297 $17,539,454,727
1999 $23,777,026,779 $19,645,272,636
1998 $25,890,228,430 $27,981,896,948
1997 $24,175,764,812 $28,162,053,027
1996 $24,150,978,347 $25,226,393,197
1995 $22,772,394,547 $24,432,884,442
1994 $15,062,911,617 $22,708,673,337
1993 $11,259,647,874 $18,938,717,359
1992 $10,621,169,291 $18,094,238,119
1991 $18,760,386,775 $16,988,535,268
1990 $25,650,213,280 $15,239,272,612
1989 - $13,890,823,705
1988 - $13,051,881,851
1987 - $13,945,426,859
1986 - $15,314,138,472
1985 - $17,149,088,413
1984 - $16,912,509,092
1983 - $17,152,477,037
1982 - $19,929,846,396
1981 - $21,810,759,354
1980 - $17,881,508,242
1979 - $14,175,160,902
1978 - $11,922,497,876
1977 - $11,026,342,618
1976 - $9,091,921,030
1975 - $7,731,674,472
1974 - $6,599,257,044
1973 - $3,891,754,150
1972 - $3,185,986,087
1971 - $2,754,219,271
1970 - $2,862,503,139
1969 - $3,112,165,727
1968 - $2,582,179,864
1967 - $2,553,595,172
1966 - $2,429,308,639
1965 - $2,387,047,396
1964 - $2,244,146,103
1963 - $1,824,343,871
1962 - $1,518,207,703
1961 - $1,753,850,955
1960 - $2,069,464,937

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

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

GDP per capita in Croatia vs Ecuador by year

Croatia
GDP per capita

GDP per capita, PPP
Ecuador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Ecuador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $6,875 $15,840
2023 $22,184 $47,760 $6,738 $15,919
2022 $18,466 $42,125 $6,516 $15,198
2021 $17,789 $36,930 $6,061 $13,507
2020 $14,808 $31,594 $5,464 $11,527
2019 $15,564 $33,064 $6,205 $12,543
2018 $15,460 $29,789 $6,304 $12,187
2017 $13,902 $27,888 $6,233 $11,793
2016 $12,820 $25,803 $5,918 $10,881
2015 $12,284 $23,750 $5,976 $10,878
2014 $14,187 $22,706 $6,406 $11,836
2013 $14,135 $22,430 $6,109 $11,296
2012 $13,508 $21,619 $5,634 $10,245
2011 $14,692 $21,191 $5,154 $9,769
2010 $13,730 $20,139 $4,520 $8,969
2009 $14,475 $20,358 $4,053 $8,662
2008 $15,888 $21,018 $4,195 $8,663
2007 $13,756 $19,568 $3,479 $8,112
2006 $11,501 $17,629 $3,244 $7,885
2005 $10,444 $15,451 $2,909 $7,457
2004 $9,719 $14,686 $2,586 $6,980
2003 $8,190 $13,692 $2,316 $6,475
2002 $6,220 $12,775 $2,059 $6,282
2001 $5,365 $11,653 $1,791 $5,999
2000 $4,954 $10,675 $1,382 $5,728
1999 $5,269 $9,943 $1,575 $5,638
1998 $5,713 $9,890 $2,284 $5,940
1997 $5,331 $9,536 $2,341 $5,793
1996 $5,300 $8,806 $2,136 $5,560
1995 $4,929 $8,052 $2,108 $5,469
1994 $3,238 $7,337 $1,997 $5,339
1993 $2,448 $6,861 $1,698 $5,112
1992 $2,321 $7,326 $1,655 $4,998
1991 $4,001 $7,918 $1,587 $4,887
1990 $5,369 $9,526 $1,455 $4,632
1989 - - $1,356 -
1988 - - $1,304 -
1987 - - $1,426 -
1986 - - $1,604 -
1985 - - $1,842 -
1984 - - $1,864 -
1983 - - $1,940 -
1982 - - $2,314 -
1981 - - $2,601 -
1980 - - $2,190 -
1979 - - $1,783 -
1978 - - $1,541 -
1977 - - $1,465 -
1976 - - $1,242 -
1975 - - $1,086 -
1974 - - $954 -
1973 - - $579 -
1972 - - $488 -
1971 - - $434 -
1970 - - $465 -
1969 - - $521 -
1968 - - $445 -
1967 - - $454 -
1966 - - $445 -
1965 - - $450 -
1964 - - $436 -
1963 - - $365 -
1962 - - $312 -
1961 - - $371 -
1960 - - $451 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $6,875 in Ecuador, ranking 103/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Ecuador ranks 110th at $15,840.

Economic indicators

Croatia Ecuador
Gross domestic product
$93B
2024
$125B
2024
GDP rank
75/197
2024
62/197
2024
GDP growth
3.83%
2023-2024
-2%
2023-2024
GDP per capita
$24,050
2024
$6,875
2024
GDP per capita rank
50/197
2024
103/197
2024
GDP per capita, PPP
$49,551
2024
$15,840
2024
GDP per capita PPP rank
46/197
2024
110/197
2024
Government debt
$53.5B
2024
$67B
2024
Debt-to-GDP ratio
57.6%
2024
53.8%
2024
Government debt per person
$13,844
2024
$3,695
2024
Government debt per person rank
42/185
2024
93/185
2024
Average annual personal income after taxes
$20,856
2026
$5,894
2026
Market capitalization of domestic companies
$27.8B
2024
$747M
2000
Number of billionaires
1
2025
n/a
Income share by richest 10%
23.3%
2023
33.4%
2024
Income share by poorest 10%
2.9%
2023
1.5%
2024
Government expenditure, % of GDP
48%
2024
38.1%
2024
Consumer prices inflation
2.97%
2023-2024
1.55%
2023-2024
Unemployment rate
5.03%
2024
3.39%
2024
Population
3812193
18487749

Spending and national debt comparison by year

Croatia
Spending

Debt
Ecuador
Spending

Debt
1x
Year % of GDP
Croatia Ecuador
Government spending Government debt Government spending Government debt
2024 48% 57.6% 38.1% 53.8%
2023 46.8% 61.8% 39.5% 54.3%
2022 45% 68.5% 38.9% 57.2%
2021 48.1% 78.2% 37.5% 61.8%
2020 53.7% 86.5% 40.2% 63.6%
2019 44.3% 70.9% 39.8% 52.1%
2018 44.9% 72.8% 40.9% 49.5%
2017 44.1% 76.2% 40.5% 47.4%
2016 45.9% 79.3% 44.1% 46.1%
2015 47.5% 82.8% 44.1% 36.4%
2014 48.7% 83.2% 45.9% 28.2%
2013 47.9% 79.5% 46.7% 23.4%
2012 47.3% 68.9% 43.2% 19.3%
2011 48.6% 63.1% 39.6% 18.6%
2010 48.1% 56.8% 35.4% 18.4%
2009 49.2% 47.9% 34.3% 19.7%
2008 46.3% 38.9% 35.6% 24.9%
2007 46.3% 37.1% 24.7% 29.6%
2006 44.6% 38.4% 21.7% 33.1%
2005 46.5% 40.9% 22% 35.8%
2004 49% 40% 21.3% 40.2%
2003 49.6% 37.8% 21.3% 47.2%
2002 49.2% 36.5% 22.8% 55%
2001 50.6% 36.6% 21.4% 63.8%
2000 54.6% 35.4% 24.3% 92.2%
1999 58.9% 30% 24.1% 105.2%
1998 56.8% 23.3% 21.5% 70.3%
1997 51.7% 22.5% 22% 61.5%
1996 52.1% - 22.7% 69.3%
1995 50.3% - 22% 70.5%
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 (1995–2000, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Ecuador spent $47.5B, or 38.1% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 53.8% in Ecuador, ranking 86/185 and 98/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Ecuador
1x
Year Deficit/surplus, % of GDP
Croatia Ecuador
2024 -1.95% -1.28%
2023 -0.79% -3.48%
2022 0.12% 0.04%
2021 -2.58% -1.59%
2020 -7.23% -7.38%
2019 2.31% -3.47%
2018 0.23% -2.8%
2017 0.8% -5.77%
2016 -1.04% -10.3%
2015 -3.53% -6.87%
2014 -5.19% -8.11%
2013 -5.52% -8.17%
2012 -5.46% -2.83%
2011 -7.53% -0.13%
2010 -6.46% -1.39%
2009 -7.15% -3.71%
2008 -2.34% 0.57%
2007 -2.28% 2.66%
2006 -2.01% 2.92%
2005 -3.24% 0.66%
2004 -6.09% 1.94%
2003 -5.03% 1.05%
2002 -4.9% 0.74%
2001 -4.79% 0.03%
2000 -9.2% -0.32%
1999 -11.1% -4.82%
1998 -6.36% -5.1%
1997 -4.93% -2.83%
1996 -4.41% -3.44%
1995 -4.23% -2.02%
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/croatia/ecuador | CC BY

In 2024, Croatia's government deficit, the difference between spending and revenue, was $1.82B, equivalent to 1.95% of GDP. This compares to Ecuador's deficit of $1.59B, or 1.28% of GDP.

Over the past 30 years, Croatia recorded a fiscal deficit in 26 of those years, while Ecuador ran a deficit in 21 years. On average, Croatia posted an annual deficit equal to 4.06% of GDP, compared to deficit of 2.51% of GDP for Ecuador.

Inflation comparison by year

Inflation
Croatia

Ecuador
1x
Year Consumer prices inflation
Croatia Ecuador
2024 2.97% 1.55%
2023 7.94% 2.22%
2022 10.8% 3.47%
2021 2.55% 0.13%
2020 0.15% -0.34%
2019 0.77% 0.27%
2018 1.5% -0.22%
2017 1.13% 0.42%
2016 -1.12% 1.73%
2015 -0.46% 3.97%
2014 -0.22% 3.59%
2013 2.22% 2.72%
2012 3.41% 5.1%
2011 2.27% 4.47%
2010 1.03% 3.55%
2009 2.38% 5.16%
2008 6.08% 8.4%
2007 2.9% 2.28%
2006 3.19% 3.3%
2005 3.32% 2.17%
2004 2.06% 2.74%
2003 1.77% 7.93%
2002 1.67% 12.5%
2001 3.78% 37.7%
2000 4.61% 96.1%
1999 4.02% 52.2%
1998 6.4% 36.1%
1997 4.17% 30.7%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 11.8% in Ecuador. In 2024, inflation was 2.97% in Croatia and 1.55% in Ecuador.

Top exports between countries

Croatia
Export category Export value
Machinery & equipment $1.86M
Processed food, beverages & tobacco $190K
Textiles & consumer goods $85K
Raw materials & minerals $67K
Metals $31K
Wood & paper products $5K
Chemicals & pharma $2K
Ecuador
Export category Export value
Raw agricultural goods $48.5M
Processed food, beverages & tobacco $2M
Animal & marine products $277K
Textiles & consumer goods $67K
Raw materials & minerals $20K
Wood & paper products $11K
Miscellaneous $5K
Chemicals & pharma $1K

Balance of trade

Croatia Ecuador
Current account balance
-$1.05B
2024
$7.06B
2024
Current account balance ranking
125/190
2024
27/190
2024
Current account balance, % of GDP
-1.13%
2024
+5.66%
2024
Goods imports
$41.5B
2024
$27.9B
2024
Goods exports
$21.9B
2024
$34.7B
2024
Service imports
$8.35B
2024
$6.18B
2024
Service exports
$24.7B
2024
$3.86B
2024
Imports of goods and services, % of GDP
54.8%
2024
26.9%
2024
Exports of goods and services, % of GDP
50.1%
2024
30.3%
2024

Economic freedom indices

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

Croatia Ecuador
Economic freedom 67.5 55.6
Economic freedom ranking 56/197 127/197
Property rights 81.1 33.2
Government integrity 52.6 33
Judicial effectiveness 71.7 48.1
Tax burden 70 74.2
Government spending 34.9 54.9
Fiscal health 92.2 90.3
Business freedom 79.6 64.3
Labor freedom 58.9 56.9
Monetary freedom 69.9 76.3
Trade freedom 79.4 66.4
Investment freedom 60 30
Financial freedom 60 40

Economic freedom comparison by year

Croatia
Ecuador
1x
Year Economic freedom index
Croatia Ecuador
2026 67.5 55.6
2025 68.7 55.8
2024 67.2 55
2023 66.4 55
2022 67.6 54.3
2021 63.6 52.4
2020 62.2 51.3
2019 61.4 46.9
2018 61 48.5
2017 59.4 49.3
2016 59.1 48.6
2015 61.5 49.2
2014 60.4 48
2013 61.3 46.9
2012 60.9 48.3
2011 61.1 47.1
2010 59.2 49.3
2009 55.1 52.5
2008 54.1 55.2
2007 53.4 55.3
2006 53.6 54.6
2005 51.9 52.9
2004 53.1 54.4
2003 53.3 54.1
2002 51.1 53.1
2001 50.7 55.1
2000 53.6 59.8
1999 53.1 62.9
1998 51.7 62.8
1997 46.7 61
1996 48 60.1
1995 - 57.7

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 55.6 for Ecuador, ranking 127/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Ecuador
Services, % of GDP
60.8%
2024
57.2%
2024
Industry, % of GDP
19.2%
2024
26.5%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
9.48%
2024
GNI, Atlas method
$86B
2024
$117B
2024
GNI per capita, PPP
$49,740
2024
$15,410
2024
Total reserves including gold
$3.34B
2024
$6.91B
2024
Total reserves ranking
116/177
2024
87/177
2024
Net foreign direct investment
-$1.88B
2024
-$438M
2024
Net inflows of foreign direct investment
$4.54B
2024
$443M
2024
Net outflows of foreign direct investment
$2.79B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
7%
2024
Poverty at national poverty lines
20.3%
2023
28%
2024
Gross capital formation, % of GDP
24.4%
2024
18.5%
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/croatia/ecuador | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (2023–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.