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Economy of Croatia vs Israel compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $540B for Israel, ranking 75/197 and 29/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $366B (67.6% of GDP) in Israel.

Croatia vs Israel GDP by year

Croatia
Israel
1x
Year GDP, current $
Croatia Israel
2024 $92,983,810,329 $540,379,921,262
2023 $85,624,153,964 $512,184,638,999
2022 $71,196,498,671 $525,181,008,026
2021 $69,002,365,163 $489,851,549,972
2020 $57,959,843,541 $410,768,352,658
2019 $61,466,721,186 $400,645,216,359
2018 $61,667,925,219 $376,299,083,108
2017 $56,182,782,586 $358,451,839,053
2016 $52,650,714,172 $321,940,971,558
2015 $50,998,893,385 $303,469,434,072
2014 $59,606,934,501 $315,017,088,117
2013 $59,846,265,182 $298,478,070,673
2012 $57,548,115,904 $263,589,172,712
2011 $62,889,007,657 $268,094,998,225
2010 $58,975,205,417 $239,679,036,634
2009 $62,315,996,675 $213,403,181,853
2008 $68,472,854,617 $221,231,658,863
2007 $59,290,621,398 $184,681,214,673
2006 $49,583,544,860 $158,900,547,825
2005 $45,013,119,282 $147,519,922,009
2004 $41,836,292,157 $140,047,984,605
2003 $35,245,317,002 $131,408,914,824
2002 $26,757,722,429 $125,332,331,884
2001 $23,066,883,850 $135,002,039,613
2000 $22,134,411,297 $136,512,300,542
1999 $23,777,026,779 $121,417,185,062
1998 $25,890,228,430 $120,547,409,279
1997 $24,175,764,812 $119,459,826,347
1996 $24,150,978,347 $115,116,595,545
1995 $22,772,394,547 $105,497,418,059
1994 $15,062,911,617 $90,740,103,829
1993 $11,259,647,874 $79,855,877,174
1992 $10,621,169,291 $79,457,685,757
1991 $18,760,386,775 $70,998,755,007
1990 $25,650,213,280 $62,016,729,541
1989 - $52,443,479,454
1988 - $52,650,948,910
1987 - $43,049,543,635
1986 - $35,834,154,874
1985 - $28,905,736,367
1984 - $30,645,607,293
1983 - $32,675,755,462
1982 - $29,255,285,401
1981 - $26,882,009,819
1980 - $25,395,256,478
1979 - $22,609,741,060
1978 - $17,701,286,907
1977 - $18,257,113,904
1976 - $15,956,349,550
1975 - $16,141,767,373
1974 - $17,172,607,138
1973 - $11,902,574,259
1972 - $9,222,557,539
1971 - $7,052,544,000
1970 - $7,406,712,876
1969 - $6,297,852,761
1968 - $5,458,427,928
1967 - $4,762,386,783
1966 - $4,703,300,098
1965 - $4,329,084,429
1964 - $4,024,344,853
1963 - $3,535,949,089
1962 - $2,966,154,031
1961 - $3,708,586,471
1960 - $3,070,585,807

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

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

GDP per capita in Croatia vs Israel by year

Croatia
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $54,177 $57,236
2023 $22,184 $47,760 $52,004 $55,171
2022 $18,466 $42,125 $54,950 $53,619
2021 $17,789 $36,930 $52,271 $46,162
2020 $14,808 $31,594 $44,576 $40,955
2019 $15,564 $33,064 $44,251 $41,325
2018 $15,460 $29,789 $42,363 $40,190
2017 $13,902 $27,888 $41,138 $39,471
2016 $12,820 $25,803 $37,672 $38,189
2015 $12,284 $23,750 $36,213 $35,871
2014 $14,187 $22,706 $38,343 $34,816
2013 $14,135 $22,430 $37,034 $34,827
2012 $13,508 $21,619 $33,321 $32,484
2011 $14,692 $21,191 $34,523 $31,314
2010 $13,730 $20,139 $31,439 $29,456
2009 $14,475 $20,358 $28,508 $28,087
2008 $15,888 $21,018 $30,269 $28,084
2007 $13,756 $19,568 $25,721 $28,307
2006 $11,501 $17,629 $22,527 $26,385
2005 $10,444 $15,451 $21,287 $25,701
2004 $9,719 $14,686 $20,568 $26,078
2003 $8,190 $13,692 $19,643 $24,702
2002 $6,220 $12,775 $19,076 $26,101
2001 $5,365 $11,653 $20,966 $25,806
2000 $4,954 $10,675 $21,707 $25,766
1999 $5,269 $9,943 $19,823 $23,415
1998 $5,713 $9,890 $20,189 $22,927
1997 $5,331 $9,536 $20,469 $22,279
1996 $5,300 $8,806 $20,224 $21,672
1995 $4,929 $8,052 $19,026 $20,642
1994 $3,238 $7,337 $16,807 $19,478
1993 $2,448 $6,861 $15,179 $18,218
1992 $2,321 $7,326 $15,510 $17,553
1991 $4,001 $7,918 $14,346 $16,486
1990 $5,369 $9,526 $13,308 $15,721
1989 - - $11,608 -
1988 - - $11,853 -
1987 - - $9,853 -
1986 - - $8,335 -
1985 - - $6,829 -
1984 - - $7,369 -
1983 - - $7,960 -
1982 - - $7,258 -
1981 - - $6,795 -
1980 - - $6,549 -
1979 - - $5,972 -
1978 - - $4,797 -
1977 - - $5,053 -
1976 - - $4,516 -
1975 - - $4,672 -
1974 - - $5,085 -
1973 - - $3,631 -
1972 - - $2,930 -
1971 - - $2,298 -
1970 - - $2,490 -
1969 - - $2,189 -
1968 - - $1,947 -
1967 - - $1,735 -
1966 - - $1,789 -
1965 - - $1,689 -
1964 - - $1,626 -
1963 - - $1,486 -
1962 - - $1,294 -
1961 - - $1,697 -
1960 - - $1,452 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $54,177 in Israel, ranking 21/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Israel ranks 36th at $57,236.

Economic indicators

Croatia Israel
Gross domestic product
$93B
2024
$540B
2024
GDP rank
75/197
2024
29/197
2024
GDP growth
3.83%
2023-2024
0.87%
2023-2024
GDP per capita
$24,050
2024
$54,177
2024
GDP per capita rank
50/197
2024
21/197
2024
GDP per capita, PPP
$49,551
2024
$57,236
2024
GDP per capita PPP rank
46/197
2024
36/197
2024
Government debt
$53.5B
2024
$366B
2024
Debt-to-GDP ratio
57.6%
2024
67.6%
2024
Government debt per person
$13,844
2024
$36,645
2024
Government debt per person rank
42/185
2024
18/185
2024
Average annual personal income after taxes
$20,856
2026
$43,003
2026
Market capitalization of domestic companies
$27.8B
2024
$331B
2024
Number of millionaires n/a
179,905
2025
Number of billionaires
1
2025
41
2025
Income share by richest 10%
23.3%
2023
26.6%
2021
Income share by poorest 10%
2.9%
2023
2%
2021
Government expenditure, % of GDP
48%
2024
43.8%
2024
Consumer prices inflation
2.97%
2023-2024
3.07%
2023-2024
Central bank interest rate n/a
4.5%
2024
Unemployment rate
5.03%
2024
2.9%
2024
Population
3812193
10290887

Spending and national debt comparison by year

Croatia
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Croatia Israel
Government spending Government debt Government spending Government debt
2024 48% 57.6% 43.8% 67.6%
2023 46.8% 61.8% 39.3% 61.3%
2022 45% 68.5% 36.9% 60.3%
2021 48.1% 78.2% 40% 67.7%
2020 53.7% 86.5% 44.8% 71.1%
2019 44.3% 70.9% 38.7% 59.3%
2018 44.9% 72.8% 39.2% 60.1%
2017 44.1% 76.2% 38.3% 59.8%
2016 45.9% 79.3% 37.9% 61.7%
2015 47.5% 82.8% 37.6% 62.8%
2014 48.7% 83.2% 38.3% 64.9%
2013 47.9% 79.5% 39.7% 66%
2012 47.3% 68.9% 39.6% 66.9%
2011 48.6% 63.1% 39.3% 67.2%
2010 48.1% 56.8% 39.7% 69%
2009 49.2% 47.9% 41.4% 72.6%
2008 46.3% 38.9% 41.2% 70.2%
2007 46.3% 37.1% 40.2% 70.8%
2006 44.6% 38.4% 41.6% 77.7%
2005 46.5% 40.9% 42.3% 85.2%
2004 49% 40% 43% 88.3%
2003 49.6% 37.8% 45.4% 89.7%
2002 49.2% 36.5% 50% 87.2%
2001 50.6% 36.6% 46.1% 81.1%
2000 54.6% 35.4% 43.4% 77.2%
1999 58.9% 30% 53.6% 94.8%
1998 56.8% 23.3% 55% 101%
1997 51.7% 22.5% 52.6% 99.3%
1996 52.1% - 53.2% 100.3%
1995 50.3% - 52.8% 102.3%
1994 45.4% - 41.7% 110.2%
1993 36% - 42.2% 118.3%
1992 37.1% - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Israel spent $237B, or 43.8% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 67.6% in Israel, ranking 86/185 and 62/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Israel
1x
Year Deficit/surplus, % of GDP
Croatia Israel
2024 -1.95% -8.26%
2023 -0.79% -5.06%
2022 0.12% 0.32%
2021 -2.58% -3.37%
2020 -7.23% -10.7%
2019 2.31% -3.79%
2018 0.23% -3.56%
2017 0.8% -1.13%
2016 -1.04% -1.79%
2015 -3.53% -1.21%
2014 -5.19% -2.29%
2013 -5.52% -4.06%
2012 -5.46% -4.46%
2011 -7.53% -3.43%
2010 -6.46% -3.72%
2009 -7.15% -6.53%
2008 -2.34% -3.5%
2007 -2.28% -0.43%
2006 -2.01% -0.95%
2005 -3.24% -2.74%
2004 -6.09% -3.4%
2003 -5.03% -5.03%
2002 -4.9% -8.22%
2001 -4.79% -4.06%
2000 -9.2% -0.8%
1999 -11.1% -6.26%
1998 -6.36% -7.99%
1997 -4.93% -4.84%
1996 -4.41% -5.97%
1995 -4.23% -4.28%
1994 -0.82% -5.62%
1993 -2.67% -5.62%
1992 -5.69% -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/croatia/israel | 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 Israel's deficit of $44.6B, or 8.26% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Israel ran a deficit in 32 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 4.26% of GDP for Israel.

Inflation comparison by year

Inflation
Croatia

Israel
1x
Year Consumer prices inflation
Croatia Israel
2024 2.97% 3.07%
2023 7.94% 4.23%
2022 10.8% 4.41%
2021 2.55% 1.48%
2020 0.15% -0.58%
2019 0.77% 0.82%
2018 1.5% 0.81%
2017 1.13% 0.25%
2016 -1.12% -0.54%
2015 -0.46% -0.62%
2014 -0.22% 0.47%
2013 2.22% 1.59%
2012 3.41% 1.68%
2011 2.27% 3.49%
2010 1.03% 2.7%
2009 2.38% 3.37%
2008 6.08% 4.53%
2007 2.9% 0.47%
2006 3.19% 2.05%
2005 3.32% 1.34%
2004 2.06% -0.42%
2003 1.77% 0.71%
2002 1.67% 5.8%
2001 3.78% 1.12%
2000 4.61% 1.03%
1999 4.02% 5.19%
1998 6.4% 5.49%
1997 4.17% 8.95%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 2.25% in Israel. In 2024, inflation was 2.97% in Croatia and 3.07% in Israel.

Top exports between countries

Croatia
Export category Export value
Textiles & consumer goods $42M
Chemicals & pharma $20.1M
Machinery & equipment $14.3M
Processed food, beverages & tobacco $3.28M
Weapons & explosives $2.21M
Wood & paper products $1.78M
Raw materials & minerals $582K
Metals $505K
Raw agricultural goods $262K
Animal & marine products $150K
Israel
Export category Export value
Machinery & equipment $10.6M
Chemicals & pharma $8.22M
Metals $5.59M
Textiles & consumer goods $849K
Raw agricultural goods $449K
Wood & paper products $392K
Animal & marine products $313K
Precious metals & jewellery $180K
Raw materials & minerals $89K
Miscellaneous $35K

Balance of trade

Croatia Israel
Current account balance
-$1.05B
2024
$15.5B
2024
Current account balance ranking
125/190
2024
21/190
2024
Current account balance, % of GDP
-1.13%
2024
+2.86%
2024
Goods imports
$41.5B
2024
$96.3B
2024
Goods exports
$21.9B
2024
$70B
2024
Service imports
$8.35B
2024
$44.4B
2024
Service exports
$24.7B
2024
$83.7B
2024
Imports of goods and services, % of GDP
54.8%
2024
26%
2024
Exports of goods and services, % of GDP
50.1%
2024
28.4%
2024

Economic freedom indices

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

Croatia Israel
Economic freedom 67.5 68.4
Economic freedom ranking 56/197 47/197
Property rights 81.1 73.1
Government integrity 52.6 66.2
Judicial effectiveness 71.7 68.1
Tax burden 70 60.2
Government spending 34.9 52
Fiscal health 92.2 60.8
Business freedom 79.6 72.4
Labor freedom 58.9 56.8
Monetary freedom 69.9 78.2
Trade freedom 79.4 82.8
Investment freedom 60 70
Financial freedom 60 80

Economic freedom comparison by year

Croatia
Israel
1x
Year Economic freedom index
Croatia Israel
2026 67.5 68.4
2025 68.7 69.9
2024 67.2 70.1
2023 66.4 68.9
2022 67.6 68
2021 63.6 73.8
2020 62.2 74
2019 61.4 72.8
2018 61 72.2
2017 59.4 69.7
2016 59.1 70.7
2015 61.5 70.5
2014 60.4 68.4
2013 61.3 66.9
2012 60.9 67.8
2011 61.1 68.5
2010 59.2 67.7
2009 55.1 67.6
2008 54.1 66.3
2007 53.4 64.8
2006 53.6 64.4
2005 51.9 62.6
2004 53.1 61.4
2003 53.3 62.7
2002 51.1 66.9
2001 50.7 66.1
2000 53.6 65.5
1999 53.1 68.3
1998 51.7 68
1997 46.7 62.7
1996 48 62
1995 - 61.5

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Israel
Services, % of GDP
60.8%
2024
72.5%
2024
Industry, % of GDP
19.2%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
1.28%
2024
GNI, Atlas method
$86B
2024
$528B
2024
GNI per capita, PPP
$49,740
2024
$56,790
2024
Total reserves including gold
$3.34B
2024
$215B
2024
Total reserves ranking
116/177
2024
18/177
2024
Net foreign direct investment
-$1.88B
2024
-$4.86B
2024
Net inflows of foreign direct investment
$4.54B
2024
$14.8B
2024
Net outflows of foreign direct investment
$2.79B
2024
$9.92B
2024
Poverty at national poverty lines
20.3%
2023
22%
2020
Gross capital formation, % of GDP
24.4%
2024
23.4%
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/israel | CC BY

Compare countries by 7 more topics

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, 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 (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) (2020, 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.