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Economy of Croatia vs Honduras compared: GDP & Debt

Updated on by Georank

Croatia has a GDP of $105B compared to $39.6B for Honduras, ranking 73/197 and 104/197 by economy size, respectively.

Croatia has $58.7B in government debt (55.9% of GDP), compared to $16.3B (41.2% of GDP) in Honduras.

Croatia vs Honduras GDP by year

Croatia
Honduras
1x
Year GDP, current $
Croatia Honduras
2025 $105,060,182,186 $39,601,409,103
2024 $92,981,894,168 $36,980,171,442
2023 $85,621,337,533 $34,355,805,528
2022 $71,196,460,237 $31,426,041,807
2021 $69,002,262,505 $28,144,331,507
2020 $57,959,824,238 $23,352,232,484
2019 $61,467,261,345 $24,882,225,742
2018 $61,668,280,700 $24,067,750,760
2017 $56,182,225,079 $23,136,247,991
2016 $52,650,804,052 $21,717,604,952
2015 $50,999,271,059 $20,979,791,685
2014 $59,607,109,597 $19,756,533,972
2013 $59,846,869,999 $18,499,729,215
2012 $57,547,495,860 $18,528,554,398
2011 $62,889,150,894 $17,710,275,685
2010 $58,975,127,201 $15,839,344,592
2009 $62,315,450,611 $14,587,496,229
2008 $68,473,103,477 $13,881,731,876
2007 $59,290,547,254 $12,361,257,681
2006 $49,583,643,048 $10,917,477,066
2005 $45,012,776,906 $9,757,012,697
2004 $41,836,096,243 $8,869,299,234
2003 $35,244,797,329 $8,230,391,347
2002 $26,757,633,353 $7,858,255,413
2001 $23,067,071,478 $7,651,162,302
2000 $22,134,069,750 $7,186,638,029
1999 $23,776,940,769 $6,394,090,592
1998 $25,889,813,449 $6,163,707,533
1997 $24,175,272,572 $5,569,178,707
1996 $24,151,469,717 $4,798,834,459
1995 $22,772,224,146 $4,672,346,194
1994 $15,062,911,617 $4,105,686,899
1993 $11,259,647,874 $4,190,773,622
1992 $10,621,169,291 $4,122,846,905
1991 $18,760,386,775 $3,699,381,195
1990 $25,650,213,280 $3,734,460,117
1989 - $4,375,896,552
1988 - $4,892,660,944
1987 - $5,024,800,000
1986 - $4,706,100,000
1985 - $4,328,300,000
1984 - $4,029,900,000
1983 - $3,840,550,000
1982 - $3,619,500,000
1981 - $3,501,800,000
1980 - $3,184,400,000
1979 - $2,778,900,000
1978 - $2,393,650,000
1977 - $1,900,700,000
1976 - $1,589,300,000
1975 - $1,330,050,000
1974 - $1,243,000,000
1973 - $1,128,299,436
1972 - $1,030,645,362
1971 - $958,450,000
1970 - $904,400,000
1969 - $844,400,000
1968 - $815,450,000
1967 - $750,950,000
1966 - $692,150,000
1965 - $651,050,000
1964 - $591,100,000
1963 - $553,500,000
1962 - $532,450,000
1961 - $503,300,000
1960 - $475,650,000

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Croatia vs Honduras by year

Croatia
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $27,104 - $3,598 -
2024 $24,050 $49,551 $3,416 $7,486
2023 $22,183 $47,760 $3,227 $7,178
2022 $18,466 $42,125 $3,003 $6,805
2021 $17,789 $36,930 $2,735 $6,203
2020 $14,808 $31,594 $2,308 $5,385
2019 $15,564 $33,064 $2,502 $5,785
2018 $15,460 $29,789 $2,465 $5,633
2017 $13,902 $27,888 $2,413 $5,621
2016 $12,820 $25,803 $2,307 $5,186
2015 $12,284 $23,750 $2,271 $4,846
2014 $14,187 $22,706 $2,180 $4,460
2013 $14,135 $22,430 $2,081 $4,137
2012 $13,508 $21,619 $2,126 $4,016
2011 $14,692 $21,191 $2,074 $3,901
2010 $13,730 $20,139 $1,893 $3,758
2009 $14,475 $20,358 $1,781 $3,656
2008 $15,888 $21,018 $1,732 $3,806
2007 $13,756 $19,568 $1,578 $3,664
2006 $11,501 $17,629 $1,426 $3,438
2005 $10,443 $15,451 $1,305 $3,204
2004 $9,719 $14,686 $1,215 $3,001
2003 $8,190 $13,692 $1,156 $2,821
2002 $6,220 $12,775 $1,132 $2,715
2001 $5,365 $11,653 $1,132 $2,645
2000 $4,954 $10,675 $1,093 $2,587
1999 $5,269 $9,943 $999 $2,372
1998 $5,712 $9,890 $989 $2,152
1997 $5,331 $9,536 $917 $1,959
1996 $5,300 $8,806 $813 $1,617
1995 $4,929 $8,052 $814 $1,329
1994 $3,238 $7,337 $736 $1,074
1993 $2,448 $6,861 $773 $838
1992 $2,321 $7,326 $782 $741
1991 $4,001 $7,918 $722 $684
1990 $5,369 $9,526 $750 $540
1989 - - $904 -
1988 - - $1,039 -
1987 - - $1,098 -
1986 - - $1,058 -
1985 - - $1,001 -
1984 - - $960 -
1983 - - $942 -
1982 - - $914 -
1981 - - $912 -
1980 - - $854 -
1979 - - $769 -
1978 - - $683 -
1977 - - $559 -
1976 - - $482 -
1975 - - $417 -
1974 - - $401 -
1973 - - $375 -
1972 - - $353 -
1971 - - $338 -
1970 - - $329 -
1969 - - $316 -
1968 - - $314 -
1967 - - $298.2 -
1966 - - $282.9 -
1965 - - $273.9 -
1964 - - $255.9 -
1963 - - $246.6 -
1962 - - $244 -
1961 - - $237.3 -
1960 - - $230.7 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Croatia's GDP per capita is $27,104, ranking 49/197, compared to $3,598 in Honduras, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Honduras ranks 146th at $7,486.

Economic indicators

Croatia Honduras
Gross domestic product
$105B
2025
$39.6B
2025
GDP rank
73/197
2025
104/197
2025
GDP growth
3.4%
2024-2025
3.75%
2024-2025
GDP per capita
$27,104
2025
$3,598
2025
GDP per capita rank
49/197
2025
137/197
2025
GDP per capita, PPP
$49,551
2024
$7,486
2024
GDP per capita PPP rank
46/197
2024
146/197
2024
Government debt
$58.7B
2025
$16.3B
2025
Debt-to-GDP ratio
55.9%
2025
41.2%
2025
Government debt per person
$15,144
2025
$1,483
2025
Government debt per person rank
44/185
2025
132/185
2025
Average annual personal income after taxes
$20,376
2026
$2,887
2026
Market capitalization of domestic companies
$37.9B
2025
n/a
Number of billionaires
1
2026
n/a
Income share by richest 10%
23.3%
2023
32.3%
2024
Income share by poorest 10%
2.9%
2023
1.2%
2024
Government expenditure, % of GDP
49.3%
2025
24.9%
2025
Consumer prices inflation
3.69%
2024-2025
4.6%
2024-2025
Central bank interest rate n/a
5.75%
2024
Unemployment rate
4.9%
2025
4.85%
2025
Population
3849788
11279259

Spending and national debt comparison by year

Croatia
Spending

Debt
Honduras
Spending

Debt
1x
Year % of GDP
Croatia Honduras
Government spending Government debt Government spending Government debt
2025 49.3% 55.9% 24.9% 41.2%
2024 48% 57.4% 25.7% 41.5%
2023 46.3% 60.9% 27.2% 41.7%
2022 45% 68.5% 24% 46.9%
2021 48.2% 78.2% 28.8% 52.7%
2020 53.8% 86.5% 28.4% 53.5%
2019 44.4% 70.9% 25.9% 43.3%
2018 45% 72.8% 26.2% 42.4%
2017 44.1% 76.2% 26.9% 41.3%
2016 45.9% 79.3% 27.4% 39.4%
2015 47.6% 82.8% 26% 38.3%
2014 48.7% 83.2% 26.4% 35.2%
2013 48% 79.5% 28% 37.3%
2012 47.3% 68.9% 26.4% 27.1%
2011 48.6% 63.1% 25.9% 24.6%
2010 48.2% 56.8% 26.5% 21.8%
2009 49.3% 47.9% 28.4% 23.8%
2008 46.3% 38.9% 26.4% 22.3%
2007 46.4% 37.1% 24.4% 24%
2006 44.6% 38.4% 24.4% 39.2%
2005 46.5% 40.9% 23.6% 55.6%
2004 49% 40% 25.5% 60.9%
2003 49.6% 37.8% 26.4% 67.8%
2002 49.2% 36.5% 26.8% 64.2%
2001 50.6% 36.6% 25.1% 63.4%
2000 54.6% 35.4% 22.1% 65.8%
1999 58.9% 30% 23.3% 75.8%
1998 56.8% 23.3% 19.4% 67.4%
1997 51.7% 22.5% 19.4% 70.8%
1996 52.1% - 18.7% 64.6%
1995 50.3% - 17.2% 65.4%
1994 45.4% - 19% 85.5%
1993 35.9% - 24.5% 111.7%
1992 37.1% - 21.6% 123.2%
1991 - - 20.8% 135.4%
1990 - - 19.4% 236.5%
1989 - - 10.2% 68.4%
1988 - - 16% 71.7%
1987 - - 17.2% 73.6%
1986 - - 19.8% 69.9%
1985 - - 22.5% 65.7%
1984 - - 22.4% 60.5%
1983 - - 20.8% 57.6%
1982 - - 18.7% 54.3%
1981 - - 15.3% 48.1%
1980 - - 16.2% 41%
1979 - - 14.4% 36.1%
1978 - - 13.1% 32.8%
1977 - - 14.6% 28.2%
1976 - - 11.5% 26.5%
1975 - - 11.9% 24%
1974 - - 11.7% 18.5%
1973 - - 11.1% 16.6%
1972 - - 12.6% 16.8%
1971 - - 15.2% 19.8%
1970 - - 15.2% 17.2%
1969 - - 13.6% 13%
1968 - - 11.6% 9.75%
1967 - - 11.4% 9.72%
1966 - - 11.4% 9.47%
1965 - - 10.6% 8.97%
1964 - - 11.4% 9.78%
1963 - - 10.1% 9.02%
1962 - - 10.5% 8.54%
1961 - - 11.2% 8.22%
1960 - - 12.2% 8.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-07-08).

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

In 2025, Croatia's government spending was $51.8B, accounting for 49.3% of its GDP, while Honduras spent $9.87B, or 24.9% of GDP.

Debt-to-GDP ratio is 55.9% in Croatia and 41.2% in Honduras, ranking 87/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Honduras
1x
Year Deficit/surplus, % of GDP
Croatia Honduras
2025 -2.89% -0.74%
2024 -1.95% -1.12%
2023 -0.79% -1.96%
2022 0.14% 1.57%
2021 -2.57% -3.17%
2020 -7.24% -4.58%
2019 2.32% 0.09%
2018 0.22% 0.2%
2017 0.81% -0.41%
2016 -1.04% -0.4%
2015 -3.53% -0.78%
2014 -5.19% -2.81%
2013 -5.51% -5.48%
2012 -5.46% -3.48%
2011 -7.51% -2.94%
2010 -6.45% -3.37%
2009 -7.15% -4.86%
2008 -2.33% -0.27%
2007 -2.27% -0.25%
2006 -2% -1.36%
2005 -3.24% -0.03%
2004 -6.09% -2.48%
2003 -5.03% -5.09%
2002 -4.9% -5.02%
2001 -4.79% -3.12%
2000 -9.2% 1.51%
1999 -11.1% 1.38%
1998 -6.36% 2.89%
1997 -4.93% 0.08%
1996 -4.41% 0.13%
1995 -4.23% -0.24%
1994 -0.82% -0.97%
1993 -2.67% -5.21%
1992 -5.69% -1.49%
1991 - -2.16%
1990 - -2.15%
1989 - 2.08%
1988 - -2.65%
1987 - -3.23%
1986 - -5.92%
1985 - -8.58%
1984 - -9.33%
1983 - -9.1%
1982 - -6.17%
1981 - -2.5%
1980 - -2.52%
1979 - -1.55%
1978 - -0.68%
1977 - -2.55%
1976 - -0.93%
1975 - -1.78%
1974 - -0.27%
1973 - -0.71%
1972 - -2.37%
1971 - -3.51%
1970 - -3.24%
1969 - -2.16%
1968 - -0.38%
1967 - -0.73%
1966 - -0.45%
1965 - 0.19%
1964 - -1.77%
1963 - -0.39%
1962 - -0.71%
1961 - -1.05%
1960 - -1.22%
1959 - -1.31%
1958 - -1.16%
1957 - -1.01%
1956 - -1.81%
1955 - -0.42%
1954 - -2.91%
1953 - -2.96%
1952 - -3.21%
1951 - -1.04%
1950 - -0.44%
1949 - -1.92%
1948 - 0.52%
1947 - -0.83%
1946 - 0.32%
1945 - 0%
1944 - -0.82%
1943 - -0.48%
1942 - 0%
1941 - -0.26%
1940 - -0.43%
1939 - -0.52%
1938 - -0.74%
1937 - -1.37%
1936 - -0.76%
1935 - 0%
1934 - 0.06%
1933 - 2.06%
1932 - -2.13%
1931 - -0.94%
1930 - -1.15%
1929 - -0.38%
1928 - 0.72%
1927 - 0.37%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-07-08).

GeoRank.org/economy/croatia/honduras | 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 Honduras' deficit of $295M, or 0.74% of GDP.

Over the past 34 years, Croatia recorded a fiscal deficit in 30 of those years, while Honduras ran a deficit in 26 years. On average, Croatia posted an annual deficit equal to 3.94% of GDP, compared to deficit of 1.58% of GDP for Honduras.

Inflation comparison by year

Inflation
Croatia

Honduras
1x
Year Consumer prices inflation
Croatia Honduras
2025 3.69% 4.6%
2024 2.97% 4.61%
2023 7.94% 6.66%
2022 10.8% 9.09%
2021 2.55% 4.48%
2020 0.15% 3.47%
2019 0.77% 4.37%
2018 1.5% 4.35%
2017 1.13% 3.93%
2016 -1.12% 2.72%
2015 -0.46% 3.16%
2014 -0.22% 6.13%
2013 2.22% 5.16%
2012 3.41% 5.2%
2011 2.27% 6.76%
2010 1.03% 4.7%
2009 2.38% 5.5%
2008 6.08% 11.4%
2007 2.9% 6.94%
2006 3.19% 5.58%
2005 3.32% 8.81%
2004 2.06% 8.11%
2003 1.77% 7.67%
2002 1.67% 7.69%
2001 3.78% 9.67%
2000 4.61% 11%
1999 4.02% 11.7%
1998 6.4% 13.7%
1997 4.17% 20.2%

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

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

Over the past 29 years, Croatia has recorded an average annual inflation rate of 2.93%, compared with 7.15% in Honduras. In 2025, inflation was 3.69% in Croatia and 4.6% in Honduras.

Top exports between countries

Croatia
Export category Export value
Raw materials & minerals $33K
Machinery & equipment $30K
Processed food, beverages & tobacco $3K
Textiles & consumer goods $1K
Honduras
Export category Export value
Raw agricultural goods $83K
Processed food, beverages & tobacco $36K
Machinery & equipment $18K
Textiles & consumer goods $1K

Balance of trade

Croatia Honduras
Current account balance
-$1.93B
2024
$936M
2025
Current account balance ranking
141/190
2024
50/190
2025
Current account balance, % of GDP
-2.08%
2024
+2.36%
2025
Goods imports
$42.5B
2024
$15.4B
2025
Goods exports
$21.9B
2024
$6.88B
2025
Service imports
$8.42B
2024
$4.1B
2025
Service exports
$24.8B
2024
$3.89B
2025
Imports of goods and services, % of GDP
53%
2025
56.5%
2025
Exports of goods and services, % of GDP
48%
2025
35%
2025

Economic freedom indices

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

Croatia Honduras
Economic freedom 67.5 59.1
Economic freedom ranking 56/197 105/197
Property rights 81.1 35.7
Government integrity 52.6 24.6
Judicial effectiveness 71.7 27.6
Tax burden 70 83.1
Government spending 34.9 80.3
Fiscal health 92.2 95.2
Business freedom 79.6 59.4
Labor freedom 58.9 37.9
Monetary freedom 69.9 70.1
Trade freedom 79.4 69.8
Investment freedom 60 65
Financial freedom 60 60

Economic freedom comparison by year

Croatia
Honduras
1x
Year Economic freedom index
Croatia Honduras
2026 67.5 59.1
2025 68.7 59.6
2024 67.2 58.6
2023 66.4 58.7
2022 67.6 59.5
2021 63.6 59.8
2020 62.2 61.1
2019 61.4 60.2
2018 61 60.6
2017 59.4 58.8
2016 59.1 57.7
2015 61.5 57.4
2014 60.4 57.1
2013 61.3 58.4
2012 60.9 58.8
2011 61.1 58.6
2010 59.2 58.3
2009 55.1 58.7
2008 54.1 58.9
2007 53.4 59.1
2006 53.6 57.4
2005 51.9 55.3
2004 53.1 55.3
2003 53.3 60.4
2002 51.1 58.7
2001 50.7 57
2000 53.6 57.6
1999 53.1 56.7
1998 51.7 56.2
1997 46.7 56
1996 48 56.6
1995 - 57

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 59.1 for Honduras, ranking 105/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Honduras
Services, % of GDP
60.9%
2025
57.6%
2025
Industry, % of GDP
19%
2025
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
2.83%
2025
13.3%
2025
GNI, Atlas method
$98.3B
2025
$36B
2025
GNI per capita, PPP
$50,410
2025
$7,270
2025
Total reserves including gold
$4.22B
2025
$10.2B
2025
Total reserves ranking
110/177
2025
78/177
2025
Net foreign direct investment
-$1.74B
2024
-$810M
2025
Net inflows of foreign direct investment
$4.54B
2024
$478M
2024
Net outflows of foreign direct investment
$2.79B
2024
-$49.4M
2024
Servicing debt to the IMF, % of GNI n/a
5.23%
2024
Poverty at national poverty lines
20.3%
2024
60.1%
2025
Gross capital formation, % of GDP
24.6%
2025
24.2%
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/honduras | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1997, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.

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.