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Economy of Croatia vs Israel compared: GDP & Debt

Updated on by Georank

Croatia has a GDP of $105B compared to $611B for Israel, ranking 73/197 and 27/197 by economy size, respectively.

Croatia has $58.7B in government debt (55.9% of GDP), compared to $418B (68.5% of GDP) in Israel.

Croatia vs Israel GDP by year

Croatia
Israel
1x
Year GDP, current $
Croatia Israel
2025 $105,060,182,186 $610,777,842,874
2024 $92,981,894,168 $542,284,494,491
2023 $85,621,337,533 $513,393,395,492
2022 $71,196,460,237 $525,157,951,213
2021 $69,002,262,505 $489,735,019,666
2020 $57,959,824,238 $410,908,899,711
2019 $61,467,261,345 $399,207,771,082
2018 $61,668,280,700 $375,470,422,244
2017 $56,182,225,079 $357,360,816,857
2016 $52,650,804,052 $321,083,954,798
2015 $50,999,271,059 $302,841,190,258
2014 $59,607,109,597 $314,376,760,832
2013 $59,846,869,999 $298,045,324,736
2012 $57,547,495,860 $263,172,104,091
2011 $62,889,150,894 $267,739,352,609
2010 $58,975,127,201 $239,372,857,534
2009 $62,315,450,611 $213,112,649,594
2008 $68,473,103,477 $220,952,472,408
2007 $59,290,547,254 $184,448,882,452
2006 $49,583,643,048 $158,706,516,002
2005 $45,012,776,906 $147,346,035,831
2004 $41,836,096,243 $139,925,423,025
2003 $35,244,797,329 $131,278,887,815
2002 $26,757,633,353 $125,215,963,105
2001 $23,067,071,478 $134,889,159,474
2000 $22,134,069,750 $136,409,902,632
1999 $23,776,940,769 $121,329,240,042
1998 $25,889,813,449 $120,468,659,246
1997 $24,175,272,572 $119,389,303,067
1996 $24,151,469,717 $115,051,957,577
1995 $22,772,224,146 $105,432,315,611
1994 $15,062,911,617 $90,684,108,118
1993 $11,259,647,874 $79,806,598,120
1992 $10,621,169,291 $79,408,652,426
1991 $18,760,386,775 $70,954,941,681
1990 $25,650,213,280 $61,978,459,022
1989 - $52,411,116,588
1988 - $52,618,458,014
1987 - $43,022,977,765
1986 - $35,812,041,620
1985 - $28,887,898,639
1984 - $30,626,695,891
1983 - $32,655,591,256
1982 - $29,237,231,967
1981 - $26,865,420,933
1980 - $25,379,585,067
1979 - $22,595,788,591
1978 - $17,690,363,444
1977 - $18,245,847,441
1976 - $15,946,502,888
1975 - $16,131,806,290
1974 - $17,162,009,924
1973 - $11,895,229,181
1972 - $9,216,866,299
1971 - $7,048,191,876
1970 - $7,402,142,195
1969 - $6,293,966,357
1968 - $5,455,059,532
1967 - $4,759,447,914
1966 - $4,700,397,692
1965 - $4,326,412,951
1964 - $4,021,861,430
1963 - $3,533,767,055
1962 - $2,964,323,618
1961 - $3,706,297,903
1960 - $3,068,690,949

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

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
2025 $27,104 - $60,337 -
2024 $24,050 $49,551 $54,217 $57,236
2023 $22,183 $47,760 $52,126 $55,171
2022 $18,466 $42,125 $54,947 $53,619
2021 $17,789 $36,930 $52,258 $46,162
2020 $14,808 $31,594 $44,591 $40,955
2019 $15,564 $33,064 $44,092 $41,325
2018 $15,460 $29,789 $42,269 $40,190
2017 $13,902 $27,888 $41,013 $39,471
2016 $12,820 $25,803 $37,571 $38,189
2015 $12,284 $23,750 $36,138 $35,871
2014 $14,187 $22,706 $38,265 $34,816
2013 $14,135 $22,430 $36,981 $34,827
2012 $13,508 $21,619 $33,269 $32,484
2011 $14,692 $21,191 $34,477 $31,314
2010 $13,730 $20,139 $31,399 $29,456
2009 $14,475 $20,358 $28,470 $28,087
2008 $15,888 $21,018 $30,231 $28,084
2007 $13,756 $19,568 $25,689 $28,307
2006 $11,501 $17,629 $22,500 $26,385
2005 $10,443 $15,451 $21,262 $25,701
2004 $9,719 $14,686 $20,550 $26,078
2003 $8,190 $13,692 $19,624 $24,702
2002 $6,220 $12,775 $19,059 $26,101
2001 $5,365 $11,653 $20,949 $25,806
2000 $4,954 $10,675 $21,690 $25,766
1999 $5,269 $9,943 $19,809 $23,415
1998 $5,712 $9,890 $20,176 $22,927
1997 $5,331 $9,536 $20,457 $22,279
1996 $5,300 $8,806 $20,213 $21,672
1995 $4,929 $8,052 $19,014 $20,642
1994 $3,238 $7,337 $16,796 $19,478
1993 $2,448 $6,861 $15,169 $18,218
1992 $2,321 $7,326 $15,500 $17,553
1991 $4,001 $7,918 $14,337 $16,486
1990 $5,369 $9,526 $13,300 $15,721
1989 - - $11,601 -
1988 - - $11,846 -
1987 - - $9,847 -
1986 - - $8,330 -
1985 - - $6,824 -
1984 - - $7,364 -
1983 - - $7,955 -
1982 - - $7,253 -
1981 - - $6,791 -
1980 - - $6,545 -
1979 - - $5,968 -
1978 - - $4,794 -
1977 - - $5,050 -
1976 - - $4,514 -
1975 - - $4,669 -
1974 - - $5,082 -
1973 - - $3,629 -
1972 - - $2,928 -
1971 - - $2,297 -
1970 - - $2,489 -
1969 - - $2,188 -
1968 - - $1,946 -
1967 - - $1,734 -
1966 - - $1,788 -
1965 - - $1,688 -
1964 - - $1,625 -
1963 - - $1,485 -
1962 - - $1,293 -
1961 - - $1,696 -
1960 - - $1,452 -

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

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

Croatia's GDP per capita is $27,104, ranking 49/197, compared to $60,337 in Israel, ranking 19/197. 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
$105B
2025
$611B
2025
GDP rank
73/197
2025
27/197
2025
GDP growth
3.4%
2024-2025
2.93%
2024-2025
GDP per capita
$27,104
2025
$60,337
2025
GDP per capita rank
49/197
2025
19/197
2025
GDP per capita, PPP
$49,551
2024
$57,236
2024
GDP per capita PPP rank
46/197
2024
36/197
2024
Government debt
$58.7B
2025
$418B
2025
Debt-to-GDP ratio
55.9%
2025
68.5%
2025
Government debt per person
$15,144
2025
$41,338
2025
Government debt per person rank
44/185
2025
16/185
2025
Average annual personal income after taxes
$20,376
2026
$48,251
2026
Market capitalization of domestic companies
$37.9B
2025
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires
1
2026
42
2026
Income share by richest 10%
23.3%
2023
27%
2022
Income share by poorest 10%
2.9%
2023
1.8%
2022
Government expenditure, % of GDP
49.3%
2025
43.6%
2025
Consumer prices inflation
3.69%
2024-2025
3.04%
2024-2025
Central bank interest rate n/a
3.75%
2026
Unemployment rate
4.9%
2025
3%
2025
Population
3849788
10334048

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
2025 49.3% 55.9% 43.6% 68.5%
2024 48% 57.4% 43.7% 67.7%
2023 46.3% 60.9% 39.6% 61.3%
2022 45% 68.5% 36.9% 60.3%
2021 48.2% 78.2% 40.1% 67.7%
2020 53.8% 86.5% 44.8% 71.1%
2019 44.4% 70.9% 38.7% 59.3%
2018 45% 72.8% 39.2% 60.1%
2017 44.1% 76.2% 38.4% 59.8%
2016 45.9% 79.3% 37.9% 61.7%
2015 47.6% 82.8% 37.6% 62.8%
2014 48.7% 83.2% 38.3% 65.8%
2013 48% 79.5% 39.7% 66%
2012 47.3% 68.9% 39.6% 66.9%
2011 48.6% 63.1% 39.3% 67.2%
2010 48.2% 56.8% 39.7% 69%
2009 49.3% 47.9% 41.4% 72.6%
2008 46.3% 38.9% 41.2% 70.2%
2007 46.4% 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 35.9% - 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 (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Croatia's government spending was $51.8B, accounting for 49.3% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 55.9% in Croatia and 68.5% in Israel, ranking 87/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Israel
1x
Year Deficit/surplus, % of GDP
Croatia Israel
2025 -2.89% -5.22%
2024 -1.95% -8.07%
2023 -0.79% -5.38%
2022 0.14% 0.3%
2021 -2.57% -3.37%
2020 -7.24% -10.6%
2019 2.32% -3.79%
2018 0.22% -3.58%
2017 0.81% -1.17%
2016 -1.04% -1.78%
2015 -3.53% -1.2%
2014 -5.19% -2.28%
2013 -5.51% -4.07%
2012 -5.46% -4.46%
2011 -7.51% -3.43%
2010 -6.45% -3.72%
2009 -7.15% -6.53%
2008 -2.33% -3.49%
2007 -2.27% -0.43%
2006 -2% -0.94%
2005 -3.24% -2.74%
2004 -6.09% -3.4%
2003 -5.03% -5.03%
2002 -4.9% -8.21%
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 (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

GeoRank.org/economy/croatia/israel | 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 Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 34 years, Croatia recorded a fiscal deficit in 30 of those years, while Israel ran a deficit in 33 years. On average, Croatia posted an annual deficit equal to 3.94% of GDP, compared to deficit of 4.3% of GDP for Israel.

Inflation comparison by year

Inflation
Croatia

Israel
1x
Year Consumer prices inflation
Croatia Israel
2025 3.69% 3.04%
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 (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Croatia has recorded an average annual inflation rate of 2.93%, compared with 2.27% in Israel. In 2025, inflation was 3.69% in Croatia and 3.04% in Israel.

Top exports between countries

Croatia
Export category Export value
Machinery & equipment $19.2M
Chemicals & pharma $17.8M
Processed food, beverages & tobacco $2.9M
Wood & paper products $1.98M
Textiles & consumer goods $1.86M
Animal & marine products $1.11M
Raw materials & minerals $802K
Weapons & explosives $624K
Metals $456K
Raw agricultural goods $248K
Israel
Export category Export value
Chemicals & pharma $17.8M
Machinery & equipment $7M
Metals $3.78M
Textiles & consumer goods $1.04M
Wood & paper products $949K
Raw agricultural goods $614K
Processed food, beverages & tobacco $564K
Animal & marine products $314K
Raw materials & minerals $208K
Precious metals & jewellery $125K

Balance of trade

Croatia Israel
Current account balance
-$1.93B
2024
$8.53B
2025
Current account balance ranking
141/190
2024
26/190
2025
Current account balance, % of GDP
-2.08%
2024
+1.4%
2025
Goods imports
$42.5B
2024
$102B
2025
Goods exports
$21.9B
2024
$76.2B
2025
Service imports
$8.42B
2024
$53.2B
2025
Service exports
$24.8B
2024
$92.4B
2025
Imports of goods and services, % of GDP
53%
2025
25.4%
2025
Exports of goods and services, % of GDP
48%
2025
27.6%
2025

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 2026-07-08).

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
60.9%
2025
72.8%
2024
Industry, % of GDP
19%
2025
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
2.83%
2025
1.29%
2024
GNI, Atlas method
$98.3B
2025
$569B
2025
GNI per capita, PPP
$50,410
2025
$58,870
2025
Total reserves including gold
$4.22B
2025
$229B
2025
Total reserves ranking
110/177
2025
18/177
2025
Net foreign direct investment
-$1.74B
2024
-$11.8B
2025
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%
2024
22%
2020
Gross capital formation, % of GDP
24.6%
2025
24.3%
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/israel | 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 (1992–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, 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 (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.

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.