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Economy of Croatia vs Greece compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $256B for Greece, ranking 75/197 and 53/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $397B (154.8% of GDP) in Greece.

Croatia vs Greece GDP by year

Croatia
Greece
1x
Year GDP, current $
Croatia Greece
2024 $92,983,810,329 $256,238,371,778
2023 $85,624,153,964 $242,946,187,738
2022 $71,196,498,671 $217,990,189,601
2021 $69,002,365,163 $218,303,801,895
2020 $57,959,843,541 $191,362,985,555
2019 $61,466,721,186 $207,305,649,887
2018 $61,667,925,219 $213,298,873,494
2017 $56,182,782,586 $200,381,103,984
2016 $52,650,714,172 $193,097,239,006
2015 $50,998,893,385 $194,567,373,678
2014 $59,606,934,501 $233,911,581,521
2013 $59,846,265,182 $236,556,279,641
2012 $57,548,115,904 $238,841,140,018
2011 $62,889,007,657 $283,228,079,776
2010 $58,975,205,417 $296,417,644,404
2009 $62,315,996,675 $326,829,054,686
2008 $68,472,854,617 $351,121,399,546
2007 $59,290,621,398 $314,226,996,944
2006 $49,583,544,860 $269,073,415,334
2005 $45,013,119,282 $242,315,668,619
2004 $41,836,292,157 $234,979,615,898
2003 $35,245,317,002 $196,930,509,813
2002 $26,757,722,429 $150,253,800,086
2001 $23,066,883,850 $132,050,474,720
2000 $22,134,411,297 $125,760,166,225
1999 $23,777,026,779 $137,131,371,955
1998 $25,890,228,430 $139,612,812,176
1997 $24,175,764,812 $138,766,067,640
1996 $24,150,978,347 $142,502,984,145
1995 $22,772,394,547 $134,974,613,914
1994 $15,062,911,617 $114,980,063,202
1993 $11,259,647,874 $107,295,704,518
1992 $10,621,169,291 $114,608,178,405
1991 $18,760,386,775 $103,680,863,713
1990 $25,650,213,280 $96,529,587,274
1989 - $78,067,933,277
1988 - $75,200,610,137
1987 - $64,739,630,096
1986 - $55,595,445,472
1985 - $47,155,741,426
1984 - $47,352,146,312
1983 - $48,741,397,059
1982 - $53,858,346,939
1981 - $51,618,456,335
1980 - $56,039,256,595
1979 - $53,724,121,435
1978 - $43,654,480,519
1977 - $35,673,080,481
1976 - $30,719,552,239
1975 - $28,129,128,587
1974 - $24,998,715,909
1973 - $22,037,019,563
1972 - $16,650,659,091
1971 - $14,388,806,818
1970 - $12,957,113,636
1969 - $11,454,106,327
1968 - $9,950,331,206
1967 - $9,146,592,856
1966 - $8,472,021,467
1965 - $7,582,209,670
1964 - $6,576,906,345
1963 - $5,813,285,627
1962 - $5,140,542,929
1961 - $4,892,397,431
1960 - $4,274,890,307

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

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

GDP per capita in Croatia vs Greece by year

Croatia
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $24,626 $44,327
2023 $22,184 $47,760 $23,344 $42,711
2022 $18,466 $42,125 $20,887 $39,612
2021 $17,789 $36,930 $20,655 $33,531
2020 $14,808 $31,594 $17,887 $29,533
2019 $15,564 $33,064 $19,335 $31,927
2018 $15,460 $29,789 $19,873 $29,792
2017 $13,902 $27,888 $18,632 $28,682
2016 $12,820 $25,803 $17,919 $27,505
2015 $12,284 $23,750 $17,981 $26,608
2014 $14,187 $22,706 $21,475 $26,450
2013 $14,135 $22,430 $21,573 $25,731
2012 $13,508 $21,619 $21,624 $24,583
2011 $14,692 $21,191 $25,505 $25,693
2010 $13,730 $20,139 $26,653 $27,839
2009 $14,475 $20,358 $29,425 $29,963
2008 $15,888 $21,018 $31,696 $30,441
2007 $13,756 $19,568 $28,441 $28,896
2006 $11,501 $17,629 $24,416 $28,076
2005 $10,444 $15,451 $22,054 $25,004
2004 $9,719 $14,686 $21,449 $24,826
2003 $8,190 $13,692 $18,021 $23,253
2002 $6,220 $12,775 $13,782 $21,985
2001 $5,365 $11,653 $12,157 $20,304
2000 $4,954 $10,675 $11,638 $18,820
1999 $5,269 $9,943 $12,743 $17,758
1998 $5,713 $9,890 $13,023 $17,434
1997 $5,331 $9,536 $13,016 $16,630
1996 $5,300 $8,806 $13,433 $15,778
1995 $4,929 $8,052 $12,779 $15,218
1994 $3,238 $7,337 $10,937 $14,667
1993 $2,448 $6,861 $10,257 $14,150
1992 $2,321 $7,326 $11,021 $14,130
1991 $4,001 $7,918 $10,047 $13,824
1990 $5,369 $9,526 $9,467 $13,126
1989 - - $7,738 -
1988 - - $7,492 -
1987 - - $6,474 -
1986 - - $5,578 -
1985 - - $4,747 -
1984 - - $4,785 -
1983 - - $4,950 -
1982 - - $5,502 -
1981 - - $5,305 -
1980 - - $5,812 -
1979 - - $5,627 -
1978 - - $4,629 -
1977 - - $3,832 -
1976 - - $3,343 -
1975 - - $3,109 -
1974 - - $2,789 -
1973 - - $2,468 -
1972 - - $1,873 -
1971 - - $1,629 -
1970 - - $1,474 -
1969 - - $1,306 -
1968 - - $1,138 -
1967 - - $1,053 -
1966 - - $984 -
1965 - - $887 -
1964 - - $773 -
1963 - - $686 -
1962 - - $608 -
1961 - - $583 -
1960 - - $513 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $24,626 in Greece, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Greece ranks 52nd at $44,327.

Economic indicators

Croatia Greece
Gross domestic product
$93B
2024
$256B
2024
GDP rank
75/197
2024
53/197
2024
GDP growth
3.83%
2023-2024
2.09%
2023-2024
GDP per capita
$24,050
2024
$24,626
2024
GDP per capita rank
50/197
2024
49/197
2024
GDP per capita, PPP
$49,551
2024
$44,327
2024
GDP per capita PPP rank
46/197
2024
52/197
2024
Government debt
$53.5B
2024
$397B
2024
Debt-to-GDP ratio
57.6%
2024
154.8%
2024
Government debt per person
$13,844
2024
$38,119
2024
Government debt per person rank
42/185
2024
16/185
2024
Average annual personal income after taxes
$20,856
2026
$14,396
2026
Market capitalization of domestic companies
$27.8B
2024
$83.2B
2024
Number of billionaires
1
2025
16
2025
Income share by richest 10%
23.3%
2023
26%
2023
Income share by poorest 10%
2.9%
2023
2.7%
2023
Government expenditure, % of GDP
48%
2024
48%
2024
Consumer prices inflation
2.97%
2023-2024
2.74%
2023-2024
Unemployment rate
5.03%
2024
10%
2024
Population
3812193
10181414

Spending and national debt comparison by year

Croatia
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
Croatia Greece
Government spending Government debt Government spending Government debt
2024 48% 57.6% 48% 154.8%
2023 46.8% 61.8% 49.5% 165.2%
2022 45% 68.5% 52.8% 178.4%
2021 48.1% 78.2% 56.7% 197.8%
2020 53.7% 86.5% 59.3% 209.9%
2019 44.3% 70.9% 47.6% 183.7%
2018 44.9% 72.8% 48.6% 189.6%
2017 44.1% 76.2% 48.5% 182.6%
2016 45.9% 79.3% 50.3% 183.7%
2015 47.5% 82.8% 51.9% 180%
2014 48.7% 83.2% 51.5% 182.8%
2013 47.9% 79.5% 53% 180.5%
2012 47.3% 68.9% 54.9% 164.3%
2011 48.6% 63.1% 55.1% 175.1%
2010 48.1% 56.8% 53.1% 147.8%
2009 49.2% 47.9% 54.8% 128.5%
2008 46.3% 38.9% 51.5% 110.9%
2007 46.3% 37.1% 47.8% 104.6%
2006 44.6% 38.4% 45.9% 105.3%
2005 46.5% 40.9% 46.6% 109.9%
2004 49% 40% 48.8% 105.5%
2003 49.6% 37.8% 47.9% 104.3%
2002 49.2% 36.5% 47.1% 107.9%
2001 50.6% 36.6% 47.5% 110.5%
2000 54.6% 35.4% 48.2% 108.9%
1999 58.9% 30% 48% 102.8%
1998 56.8% 23.3% 46.7% 100.8%
1997 51.7% 22.5% 45.1% 102.6%
1996 52.1% - 46.1% 103.7%
1995 50.3% - 46.6% 100.4%
1994 45.4% - 36.9% 99.7%
1993 36% - 38.6% 101.7%
1992 37.1% - 36.9% 81.1%
1991 - - 35.2% 75.7%
1990 - - 38.5% 74.2%
1989 - - 34.8% 60.7%
1988 - - 33.8% 57.9%
1987 - - 34% 53.2%
1986 - - 33.8% 47.8%
1985 - - 34.2% 47.3%
1984 - - 32% 40.6%
1983 - - 30.2% 34.1%
1982 - - 28.7% 29.7%
1981 - - 28.1% 27.1%
1980 - - 24.5% 22.8%
1979 - - 24.1% 22.7%
1978 - - 30.1% 32.3%
1977 - - 30.1% 24.5%
1976 - - 29.1% 23.7%
1975 - - 28.7% 24.1%
1974 - - 25.3% 22.5%
1973 - - 24.3% 22%
1972 - - 26.8% 26.5%
1971 - - 25.8% 25%
1970 - - 25.2% 24.7%
1969 - - 29.7% 25.8%
1968 - - 26.3% 23%
1967 - - 24.6% 21.1%
1966 - - 22.8% 19%
1965 - - 21.7% 16.5%
1964 - - 20.4% 21.3%
1963 - - 19.5% 22.6%
1962 - - 19.7% 16.6%
1961 - - 19.3% 14.4%
1960 - - 20% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Greece spent $123B, or 48% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 154.8% in Greece, ranking 86/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Greece
1x
Year Deficit/surplus, % of GDP
Croatia Greece
2024 -1.95% 1.34%
2023 -0.79% -1.35%
2022 0.12% -2.46%
2021 -2.58% -7.58%
2020 -7.23% -10.3%
2019 2.31% -0.09%
2018 0.23% 0.78%
2017 0.8% 1.05%
2016 -1.04% 0.28%
2015 -3.53% -3.03%
2014 -5.19% -4.29%
2013 -5.52% -4.06%
2012 -5.46% -6.94%
2011 -7.53% -10.5%
2010 -6.46% -11.4%
2009 -7.15% -15.4%
2008 -2.34% -10.3%
2007 -2.28% -6.81%
2006 -2.01% -6.04%
2005 -3.24% -6.33%
2004 -6.09% -9.05%
2003 -5.03% -8.05%
2002 -4.9% -6.2%
2001 -4.79% -5.64%
2000 -9.2% -4.21%
1999 -11.1% -6.02%
1998 -6.36% -6.48%
1997 -4.93% -6.25%
1996 -4.41% -8.35%
1995 -4.23% -9.87%
1994 -0.82% -8.48%
1993 -2.67% -11.5%
1992 -5.69% -10.6%
1991 - -9.63%
1990 - -13.3%
1989 - -11.9%
1988 - -9.63%
1987 - -8.09%
1986 - -8.62%
1985 - -9.56%
1984 - -7.19%
1983 - -6.17%
1982 - -5.49%
1981 - -7.08%
1980 - -2.5%
1979 - -2.34%
1978 - -5.39%
1977 - -5.21%
1976 - -5.05%
1975 - -5.3%
1974 - -4.39%
1973 - -3.71%
1972 - -4.16%
1971 - -3.32%
1970 - -3.24%
1969 - -6.65%
1968 - -3.39%
1967 - -2.59%
1966 - -2.17%
1965 - -2.55%
1964 - -2.89%
1963 - -2.25%
1962 - -2.4%
1961 - -2.69%
1960 - -3.3%
1959 - -2.77%
1958 - -2.27%
1957 - -2.45%
1956 - -0.39%
1955 - -3.57%
1954 - -2.87%
1953 - -3.01%
1952 - -7.21%
1951 - -11.5%
1950 - -12.7%
1949 - -10.4%
1948 - -7.65%
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - 0.48%
1938 - 1.78%
1937 - 1.06%
1936 - 0.95%
1935 - 0.72%
1934 - 0.88%
1933 - -2.79%
1932 - -1.78%
1931 - -4%
1930 - -2.23%
1929 - -18.7%
1928 - -0.27%
1927 - 2.65%
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -8.96%
1912 - -7.43%
1911 - -4.61%
1910 - -1.53%
1909 - -2.64%
1908 - -1.54%
1907 - -1.23%
1906 - 0.66%
1905 - 0.91%
1904 - -0.04%
1903 - -0.22%
1902 - -1.67%
1901 - 0.1%
1900 - 0.41%
1899 - 0.86%
1898 - -34.5%
1897 - -8.46%
1896 - 0.82%
1895 - 0.37%
1894 - 2.91%
1893 - 0.14%
1892 - -2.28%
1891 - -6.48%
1890 - -11.2%
1889 - -15.7%
1888 - -3.59%
1887 - -4.88%
1886 - -11.5%
1885 - -12.1%
1884 - -7.16%
1883 - -2.42%
1882 - -1.69%
1881 - -14.5%
1880 - -13.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/croatia/greece | 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 Greece's surplus of $3.43B, or 1.34% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Greece ran a deficit in 29 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 6.19% of GDP for Greece.

Inflation comparison by year

Inflation
Croatia

Greece
1x
Year Consumer prices inflation
Croatia Greece
2024 2.97% 2.74%
2023 7.94% 3.46%
2022 10.8% 9.65%
2021 2.55% 1.22%
2020 0.15% -1.25%
2019 0.77% 0.25%
2018 1.5% 0.63%
2017 1.13% 1.12%
2016 -1.12% -0.83%
2015 -0.46% -1.74%
2014 -0.22% -1.31%
2013 2.22% -0.92%
2012 3.41% 1.5%
2011 2.27% 3.33%
2010 1.03% 4.71%
2009 2.38% 1.21%
2008 6.08% 4.15%
2007 2.9% 2.9%
2006 3.19% 3.2%
2005 3.32% 3.55%
2004 2.06% 2.9%
2003 1.77% 3.53%
2002 1.67% 3.63%
2001 3.78% 3.37%
2000 4.61% 3.15%
1999 4.02% 2.64%
1998 6.4% 4.77%
1997 4.17% 5.54%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 2.4% in Greece. In 2024, inflation was 2.97% in Croatia and 2.74% in Greece.

Top exports between countries

Croatia
Export category Export value
Textiles & consumer goods $76.4M
Transport & tourism services $62.7M
Machinery & equipment $23.5M
Manufacturing & construction services $22.1M
Raw materials & minerals $19.7M
Processed food, beverages & tobacco $19.1M
Wood & paper products $14.9M
Business & finance services $10.8M
Chemicals & pharma $10.7M
IT & IP services $5.41M
Greece
Export category Export value
Raw materials & minerals $185M
Processed food, beverages & tobacco $60.2M
Machinery & equipment $51.5M
Transport & tourism services $31.2M
Metals $28.9M
Raw agricultural goods $28.4M
Chemicals & pharma $22.6M
Textiles & consumer goods $20.1M
Animal & marine products $11M
Business & finance services $7.67M

Balance of trade

Croatia Greece
Current account balance
-$1.05B
2024
-$18.2B
2024
Current account balance ranking
125/190
2024
182/190
2024
Current account balance, % of GDP
-1.13%
2024
-7.11%
2024
Goods imports
$41.5B
2024
$91.2B
2024
Goods exports
$21.9B
2024
$52.6B
2024
Service imports
$8.35B
2024
$31.1B
2024
Service exports
$24.7B
2024
$55.8B
2024
Imports of goods and services, % of GDP
54.8%
2024
47.7%
2024
Exports of goods and services, % of GDP
50.1%
2024
42.1%
2024

Economic freedom indices

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

Croatia Greece
Economic freedom 67.5 63.2
Economic freedom ranking 56/197 82/197
Property rights 81.1 78
Government integrity 52.6 54.8
Judicial effectiveness 71.7 68
Tax burden 70 59.9
Government spending 34.9 24.7
Fiscal health 92.2 78.9
Business freedom 79.6 77.8
Labor freedom 58.9 59.7
Monetary freedom 69.9 72.6
Trade freedom 79.4 79.4
Investment freedom 60 55
Financial freedom 60 50

Economic freedom comparison by year

Croatia
Greece
1x
Year Economic freedom index
Croatia Greece
2026 67.5 63.2
2025 68.7 60.6
2024 67.2 55.1
2023 66.4 56.9
2022 67.6 61.5
2021 63.6 60.9
2020 62.2 59.9
2019 61.4 57.7
2018 61 57.3
2017 59.4 55
2016 59.1 53.2
2015 61.5 54
2014 60.4 55.7
2013 61.3 55.4
2012 60.9 55.4
2011 61.1 60.3
2010 59.2 62.7
2009 55.1 60.8
2008 54.1 60.6
2007 53.4 58.7
2006 53.6 60.1
2005 51.9 59
2004 53.1 59.1
2003 53.3 58.8
2002 51.1 59.1
2001 50.7 63.4
2000 53.6 61
1999 53.1 61
1998 51.7 60.6
1997 46.7 59.6
1996 48 60.5
1995 - 61.2

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 63.2 for Greece, ranking 82/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Greece
Services, % of GDP
60.8%
2024
68%
2024
Industry, % of GDP
19.2%
2024
15%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
3.77%
2024
GNI, Atlas method
$86B
2024
$236B
2024
GNI per capita, PPP
$49,740
2024
$43,340
2024
Total reserves including gold
$3.34B
2024
$15.2B
2024
Total reserves ranking
116/177
2024
67/177
2024
Net foreign direct investment
-$1.88B
2024
-$4.52B
2024
Net inflows of foreign direct investment
$4.54B
2024
$6.74B
2024
Net outflows of foreign direct investment
$2.79B
2024
$2.22B
2024
Poverty at national poverty lines
20.3%
2023
18.8%
2021
Gross capital formation, % of GDP
24.4%
2024
18.3%
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/greece | 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 (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1997, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.