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Economy of Croatia vs Equatorial Guinea compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $12.8B for Equatorial Guinea, ranking 75/197 and 148/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $4.65B (36.4% of GDP) in Equatorial Guinea.

Croatia vs Equatorial Guinea GDP by year

Croatia
Equatorial Guinea
1x
Year GDP, current $
Croatia Equatorial Guinea
2024 $92,983,810,329 $12,765,777,677
2023 $85,624,153,964 $12,337,550,584
2022 $71,196,498,671 $13,687,643,436
2021 $69,002,365,163 $12,215,878,033
2020 $57,959,843,541 $9,893,816,008
2019 $61,466,721,186 $11,364,133,550
2018 $61,667,925,219 $13,097,012,134
2017 $56,182,782,586 $12,200,913,879
2016 $52,650,714,172 $11,240,808,848
2015 $50,998,893,385 $13,185,496,881
2014 $59,606,934,501 $21,765,453,082
2013 $59,846,265,182 $21,948,834,284
2012 $57,548,115,904 $22,388,344,144
2011 $62,889,007,657 $21,357,343,669
2010 $58,975,205,417 $16,314,443,436
2009 $62,315,996,675 $15,027,795,173
2008 $68,472,854,617 $19,749,893,536
2007 $59,290,621,398 $13,071,718,759
2006 $49,583,544,860 $10,086,528,699
2005 $45,013,119,282 $8,217,369,093
2004 $41,836,292,157 $4,410,764,339
2003 $35,245,317,002 $2,484,745,935
2002 $26,757,722,429 $1,806,742,742
2001 $23,066,883,850 $1,461,139,022
2000 $22,134,411,297 $1,045,998,496
1999 $23,777,026,779 $621,117,886
1998 $25,890,228,430 $370,687,634
1997 $24,175,764,812 $442,337,871
1996 $24,150,978,347 $232,463,023
1995 $22,772,394,547 $141,853,361
1994 $15,062,911,617 $100,807,003
1993 $11,259,647,874 $136,047,906
1992 $10,621,169,291 $134,707,184
1991 $18,760,386,775 $110,906,029
1990 $25,650,213,280 $112,119,411
1989 - $88,265,975
1988 - $100,534,657
1987 - $93,345,860
1986 - $76,407,396
1985 - $62,118,570
1984 - $50,320,914
1983 - $44,442,457
1982 - $44,294,648
1981 - $36,731,423
1980 - $50,642,881
1979 - -
1978 - -
1977 - $103,987,520
1976 - $103,653,050
1975 - $104,295,643
1974 - $94,159,863
1973 - $81,203,227
1972 - $65,429,198
1971 - $64,946,955
1970 - $66,331,429
1969 - $67,225,714
1968 - $67,514,286
1967 - $72,317,447
1966 - $69,110,000
1965 - $64,748,333
1964 - $51,915,000
1963 - $44,266,667
1962 - $37,253,333

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/croatia/equatorial-guinea | CC BY

GDP per capita in Croatia vs Equatorial Guinea by year

Croatia
GDP per capita

GDP per capita, PPP
Equatorial Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Equatorial Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $6,745 $17,567
2023 $22,184 $47,760 $6,678 $17,412
2022 $18,466 $42,125 $7,589 $18,140
2021 $17,789 $36,930 $6,946 $16,821
2020 $14,808 $31,594 $5,764 $13,677
2019 $15,564 $33,064 $6,804 $16,451
2018 $15,460 $29,789 $8,102 $18,413
2017 $13,902 $27,888 $7,809 $18,435
2016 $12,820 $25,803 $7,453 $16,649
2015 $12,284 $23,750 $9,069 $19,479
2014 $14,187 $22,706 $15,549 $27,177
2013 $14,135 $22,430 $16,304 $27,910
2012 $13,508 $21,619 $17,309 $30,012
2011 $14,692 $21,191 $17,198 $27,242
2010 $13,730 $20,139 $13,720 $26,168
2009 $14,475 $20,358 $13,233 $29,722
2008 $15,888 $21,018 $18,211 $30,523
2007 $13,756 $19,568 $12,617 $26,611
2006 $11,501 $17,629 $10,185 $23,511
2005 $10,444 $15,451 $8,674 $22,137
2004 $9,719 $14,686 $4,901 $19,354
2003 $8,190 $13,692 $2,931 $14,496
2002 $6,220 $12,775 $2,264 $13,255
2001 $5,365 $11,653 $1,949 $11,627
2000 $4,954 $10,675 $1,487 $7,420
1999 $5,269 $9,943 $931 $6,470
1998 $5,713 $9,890 $578 $5,280
1997 $5,331 $9,536 $717 $4,387
1996 $5,300 $8,806 $392 $1,793
1995 $4,929 $8,052 $248.3 $1,098
1994 $3,238 $7,337 $183.2 $951
1993 $2,448 $6,861 $256.7 $828
1992 $2,321 $7,326 $263.7 $756
1991 $4,001 $7,918 $225.3 $569
1990 $5,369 $9,526 $236.4 $577
1989 - - $193.2 -
1988 - - $228.7 -
1987 - - $220.9 -
1986 - - $188.8 -
1985 - - $161.1 -
1984 - - $137.9 -
1983 - - $129.4 -
1982 - - $137.5 -
1981 - - $121.1 -
1980 - - $175.5 -
1979 - - - -
1978 - - - -
1977 - - $376 -
1976 - - $369 -
1975 - - $362 -
1974 - - $319 -
1973 - - $268.6 -
1972 - - $211.4 -
1971 - - $205.6 -
1970 - - $206.8 -
1969 - - $208.4 -
1968 - - $211.7 -
1967 - - $231.9 -
1966 - - $226.7 -
1965 - - $217.1 -
1964 - - $177.8 -
1963 - - $154.8 -
1962 - - $132.9 -

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/croatia/equatorial-guinea | CC BY

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $6,745 in Equatorial Guinea, ranking 106/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Equatorial Guinea ranks 106th at $17,567.

Economic indicators

Croatia Equatorial Guinea
Gross domestic product
$93B
2024
$12.8B
2024
GDP rank
75/197
2024
148/197
2024
GDP growth
3.83%
2023-2024
0.91%
2023-2024
GDP per capita
$24,050
2024
$6,745
2024
GDP per capita rank
50/197
2024
106/197
2024
GDP per capita, PPP
$49,551
2024
$17,567
2024
GDP per capita PPP rank
46/197
2024
106/197
2024
Government debt
$53.5B
2024
$4.65B
2024
Debt-to-GDP ratio
57.6%
2024
36.4%
2024
Government debt per person
$13,844
2024
$2,458
2024
Government debt per person rank
42/185
2024
110/185
2024
Average annual personal income after taxes
$20,856
2026
$5,042
2026
Market capitalization of domestic companies
$27.8B
2024
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
23.3%
2023
29.1%
2022
Income share by poorest 10%
2.9%
2023
2.6%
2022
Government expenditure, % of GDP
48%
2024
18.5%
2024
Consumer prices inflation
2.97%
2023-2024
3.4%
2023-2024
Unemployment rate
5.03%
2024
8.6%
2014
Population
3812193
1998075

Spending and national debt comparison by year

Croatia
Spending

Debt
Equatorial Guinea
Spending

Debt
1x
Year % of GDP
Croatia Equatorial Guinea
Government spending Government debt Government spending Government debt
2024 48% 57.6% 18.5% 36.4%
2023 46.8% 61.8% 19.2% 39.1%
2022 45% 68.5% 14.8% 29.8%
2021 48.1% 78.2% 12.7% 42.3%
2020 53.7% 86.5% 16.2% 49.4%
2019 44.3% 70.9% 16.8% 43.2%
2018 44.9% 72.8% 19.1% 40.6%
2017 44.1% 76.2% 20.1% 36.2%
2016 45.9% 79.3% 27.8% 41.1%
2015 47.5% 82.8% 41.6% 31.7%
2014 48.7% 83.2% 31.6% 12.6%
2013 47.9% 79.5% 29.3% 6.27%
2012 47.3% 68.9% 35.2% 7.1%
2011 48.6% 63.1% 27.5% 7.17%
2010 48.1% 56.8% 31.2% 7.89%
2009 49.2% 47.9% 39.8% 4.34%
2008 46.3% 38.9% 19.9% 0.49%
2007 46.3% 37.1% 19.7% 0.75%
2006 44.6% 38.4% 18.1% 1.22%
2005 46.5% 40.9% 14.1% 2.85%
2004 49% 40% 15.5% 4.54%
2003 49.6% 37.8% 11.8% 6.77%
2002 49.2% 36.5% 11.3% 19.4%
2001 50.6% 36.6% 13.5% 25.5%
2000 54.6% 35.4% 22.6% 36.6%
1999 58.9% 30% 18.7% 60.5%
1998 56.8% 23.3% 35.1% 59.2%
1997 51.7% 22.5% 14.8% 46.3%
1996 52.1% - 22.9% 91.2%
1995 50.3% - 141.5% 136.9%
1994 45.4% - 510% 216%
1993 36% - 256.3% 152.6%
1992 37.1% - 595% 136.9%
1991 - - 284.5% 169.5%
1990 - - 212.9% 157%
1989 - - 116.8% 187%
1988 - - 227.9% 154.5%
1987 - - 183% 141.3%
1986 - - 119% 152.5%
1985 - - 115.4% 183.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1997, retrieved 2026-02-20).

GeoRank.org/economy/croatia/equatorial-guinea | CC BY

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Equatorial Guinea spent $2.36B, or 18.5% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 36.4% in Equatorial Guinea, ranking 86/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Equatorial Guinea
1x
Year Deficit/surplus, % of GDP
Croatia Equatorial Guinea
2024 -1.95% -0.55%
2023 -0.79% 2.39%
2022 0.12% 11.7%
2021 -2.58% 2.65%
2020 -7.23% -1.77%
2019 2.31% 1.82%
2018 0.23% 0.52%
2017 0.8% -2.59%
2016 -1.04% -10.9%
2015 -3.53% -15.1%
2014 -5.19% -7.54%
2013 -5.52% -4.4%
2012 -5.46% -7.24%
2011 -7.53% 0.83%
2010 -6.46% -4.53%
2009 -7.15% -6.47%
2008 -2.34% 14.6%
2007 -2.28% 17.2%
2006 -2.01% 21.8%
2005 -3.24% 18.5%
2004 -6.09% 9.22%
2003 -5.03% 9.99%
2002 -4.9% 17.6%
2001 -4.79% 14.9%
2000 -9.2% -2.67%
1999 -11.1% -0.19%
1998 -6.36% -7.65%
1997 -4.93% 3.21%
1996 -4.41% -6.36%
1995 -4.23% -123.4%
1994 -0.82% -487%
1993 -2.67% -217.9%
1992 -5.69% -557%
1991 - -236%
1990 - -160.2%
1989 - -76.2%
1988 - -208.5%
1987 - -158%
1986 - -97.3%
1985 - -89.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/croatia/equatorial-guinea | 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 Equatorial Guinea's deficit of $70.8M, or 0.55% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Equatorial Guinea ran a deficit in 18 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 39.9% of GDP for Equatorial Guinea.

Inflation comparison by year

Inflation
Croatia

Equatorial Guinea
1x
Year Consumer prices inflation
Croatia Equatorial Guinea
2024 2.97% 3.4%
2023 7.94% 2.4%
2022 10.8% 4.9%
2021 2.55% -0.1%
2020 0.15% 4.8%
2019 0.77% 1.2%
2018 1.5% 1.3%
2017 1.13% 0.7%
2016 -1.12% 1.4%
2015 -0.46% 1.7%
2014 -0.22% 4.3%
2013 2.22% 3.2%
2012 3.41% 3.4%
2011 2.27% 4.8%
2010 1.03% 5.3%
2009 2.38% 5.7%
2008 6.08% 4.7%
2007 2.9% 2.8%
2006 3.19% 4.5%
2005 3.32% 5.6%
2004 2.06% 4.2%
2003 1.77% 7.3%
2002 1.67% 7.6%
2001 3.78% 8.7%
2000 4.61% 4.8%
1999 4.02% 0.4%
1998 6.4% 7.9%
1997 4.17% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/croatia/equatorial-guinea | CC BY

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 3.93% in Equatorial Guinea. In 2024, inflation was 2.97% in Croatia and 3.4% in Equatorial Guinea.

Top exports between countries

Croatia
Export category Export value
Wood & paper products $285K
Animal & marine products $169K
Machinery & equipment $118K
Chemicals & pharma $15K
Equatorial Guinea
Export category Export value

Balance of trade

Croatia Equatorial Guinea
Current account balance
-$1.05B
2024
-$344M
1996
Current account balance ranking
125/190
2024
101/190
1996
Current account balance, % of GDP
-1.13%
2024
-148%
1996
Goods imports
$41.5B
2024
$292M
1996
Goods exports
$21.9B
2024
$175M
1996
Service imports
$8.35B
2024
$185M
1996
Service exports
$24.7B
2024
$4.88M
1996
Imports of goods and services, % of GDP
54.8%
2024
25.4%
2024
Exports of goods and services, % of GDP
50.1%
2024
35.2%
2024

Economic freedom indices

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

Croatia Equatorial Guinea
Economic freedom 67.5 47.4
Economic freedom ranking 56/197 175/197
Property rights 81.1 16.9
Government integrity 52.6 6.9
Judicial effectiveness 71.7 7.2
Tax burden 70 81
Government spending 34.9 90.8
Fiscal health 92.2 97.3
Business freedom 79.6 35.9
Labor freedom 58.9 45.2
Monetary freedom 69.9 73.5
Trade freedom 79.4 43.6
Investment freedom 60 40
Financial freedom 60 30

Economic freedom comparison by year

Croatia
Equatorial Guinea
1x
Year Economic freedom index
Croatia Equatorial Guinea
2026 67.5 47.4
2025 68.7 47.7
2024 67.2 47.7
2023 66.4 48.3
2022 67.6 47.2
2021 63.6 49.2
2020 62.2 48.3
2019 61.4 41
2018 61 42
2017 59.4 45
2016 59.1 43.7
2015 61.5 40.4
2014 60.4 44.4
2013 61.3 42.3
2012 60.9 42.8
2011 61.1 47.5
2010 59.2 48.6
2009 55.1 51.3
2008 54.1 51.6
2007 53.4 53.2
2006 53.6 51.5
2005 51.9 53.3
2004 53.1 53.3
2003 53.3 53.1
2002 51.1 46.4
2001 50.7 47.9
2000 53.6 45.6
1999 53.1 45.1
1998 51.7 -
1997 46.7 -
1996 48 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/croatia/equatorial-guinea | CC BY

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 47.4 for Equatorial Guinea, ranking 175/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Equatorial Guinea
Services, % of GDP
60.8%
2024
51.1%
2024
Industry, % of GDP
19.2%
2024
45.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
3.15%
2024
GNI, Atlas method
$86B
2024
$8.96B
2024
GNI per capita, PPP
$49,740
2024
$12,330
2024
Total reserves including gold
$3.34B
2024
$1.54B
2023
Total reserves ranking
116/177
2024
134/177
2023
Net foreign direct investment
-$1.88B
2024
-$376M
1996
Net inflows of foreign direct investment
$4.54B
2024
$188M
2024
Net outflows of foreign direct investment
$2.79B
2024
$154M
2024
Poverty at national poverty lines
20.3%
2023
50.7%
2022
Gross capital formation, % of GDP
24.4%
2024
8.96%
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/equatorial-guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1997, retrieved 2026-02-20)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2014, 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.

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.