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Economy of Croatia vs Jamaica compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $22B for Jamaica, ranking 75/197 and 124/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $14B (63.4% of GDP) in Jamaica.

Croatia vs Jamaica GDP by year

Croatia
Jamaica
1x
Year GDP, current $
Croatia Jamaica
2024 $92,983,810,329 $22,014,397,090
2023 $85,624,153,964 $21,418,804,320
2022 $71,196,498,671 $18,813,516,805
2021 $69,002,365,163 $15,963,885,376
2020 $57,959,843,541 $15,000,214,216
2019 $61,466,721,186 $17,026,269,263
2018 $61,667,925,219 $16,855,447,986
2017 $56,182,782,586 $15,783,583,237
2016 $52,650,714,172 $14,898,999,754
2015 $50,998,893,385 $14,963,589,916
2014 $59,606,934,501 $13,899,217,680
2013 $59,846,265,182 $14,264,205,153
2012 $57,548,115,904 $14,807,086,556
2011 $62,889,007,657 $14,444,661,522
2010 $58,975,205,417 $13,220,549,908
2009 $62,315,996,675 $12,120,458,115
2008 $68,472,854,617 $13,709,401,520
2007 $59,290,621,398 $12,799,600,047
2006 $49,583,544,860 $11,930,179,090
2005 $45,013,119,282 $11,243,865,778
2004 $41,836,292,157 $10,174,664,854
2003 $35,245,317,002 $9,430,234,811
2002 $26,757,722,429 $9,719,009,495
2001 $23,066,883,850 $9,194,727,831
2000 $22,134,411,297 $9,005,064,475
1999 $23,777,026,779 $8,887,057,997
1998 $25,890,228,430 $8,787,195,622
1997 $24,175,764,812 $8,400,041,724
1996 $24,150,978,347 $7,393,891,921
1995 $22,772,394,547 $6,577,520,643
1994 $15,062,911,617 $5,452,558,947
1993 $11,259,647,874 $5,440,075,676
1992 $10,621,169,291 $3,535,460,090
1991 $18,760,386,775 $4,106,207,649
1990 $25,650,213,280 $4,592,208,087
1989 - $4,404,937,853
1988 - $3,828,342,820
1987 - $3,287,007,322
1986 - $2,754,549,582
1985 - $2,100,239,019
1984 - $2,373,564,549
1983 - $3,619,262,277
1982 - $3,293,496,312
1981 - $2,979,027,966
1980 - $2,679,379,372
1979 - $2,425,064,229
1978 - $2,644,527,822
1977 - $3,249,733,140
1976 - $2,966,042,856
1975 - $2,860,442,750
1974 - $2,375,122,375
1973 - $1,905,917,553
1972 - $1,875,146,587
1971 - $1,539,861,816
1970 - $1,404,720,442
1969 - $1,191,239,047
1968 - $1,083,839,133
1967 - $1,148,014,311
1966 - $1,096,759,561
1965 - $972,159,611
1964 - $897,949,001
1963 - $826,706,669
1962 - $777,727,689
1961 - $748,043,501
1960 - $699,064,380

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

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

GDP per capita in Croatia vs Jamaica by year

Croatia
GDP per capita

GDP per capita, PPP
Jamaica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Jamaica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $7,754 $12,890
2023 $22,184 $47,760 $7,542 $12,651
2022 $18,466 $42,125 $6,626 $11,888
2021 $17,789 $36,930 $5,626 $10,431
2020 $14,808 $31,594 $5,299 $9,764
2019 $15,564 $33,064 $6,031 $10,845
2018 $15,460 $29,789 $5,977 $10,753
2017 $13,902 $27,888 $5,605 $10,466
2016 $12,820 $25,803 $5,302 $9,948
2015 $12,284 $23,750 $5,339 $9,476
2014 $14,187 $22,706 $4,975 $9,210
2013 $14,135 $22,430 $5,124 $9,101
2012 $13,508 $21,619 $5,341 $8,831
2011 $14,692 $21,191 $5,233 $8,809
2010 $13,730 $20,139 $4,810 $8,521
2009 $14,475 $20,358 $4,428 $8,580
2008 $15,888 $21,018 $5,030 $8,952
2007 $13,756 $19,568 $4,716 $8,893
2006 $11,501 $17,629 $4,417 $8,577
2005 $10,444 $15,451 $4,184 $8,127
2004 $9,719 $14,686 $3,808 $7,854
2003 $8,190 $13,692 $3,550 $7,593
2002 $6,220 $12,775 $3,681 $7,226
2001 $5,365 $11,653 $3,504 $7,019
2000 $4,954 $10,675 $3,453 $6,816
1999 $5,269 $9,943 $3,432 $6,653
1998 $5,713 $9,890 $3,419 $6,543
1997 $5,331 $9,536 $3,297 $6,682
1996 $5,300 $8,806 $2,929 $6,706
1995 $4,929 $8,052 $2,631 $6,657
1994 $3,238 $7,337 $2,203 $6,435
1993 $2,448 $6,861 $2,221 $6,279
1992 $2,321 $7,326 $1,458 $5,664
1991 $4,001 $7,918 $1,710 $5,485
1990 $5,369 $9,526 $1,930 $5,106
1989 - - $1,865 -
1988 - - $1,632 -
1987 - - $1,411 -
1986 - - $1,191 -
1985 - - $917 -
1984 - - $1,048 -
1983 - - $1,619 -
1982 - - $1,494 -
1981 - - $1,370 -
1980 - - $1,249 -
1979 - - $1,144 -
1978 - - $1,262 -
1977 - - $1,569 -
1976 - - $1,450 -
1975 - - $1,417 -
1974 - - $1,193 -
1973 - - $972 -
1972 - - $971 -
1971 - - $809 -
1970 - - $748 -
1969 - - $642 -
1968 - - $591 -
1967 - - $633 -
1966 - - $612 -
1965 - - $549 -
1964 - - $514 -
1963 - - $480 -
1962 - - $458 -
1961 - - $447 -
1960 - - $424 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $7,754 in Jamaica, ranking 95/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Jamaica ranks 121st at $12,890.

Economic indicators

Croatia Jamaica
Gross domestic product
$93B
2024
$22B
2024
GDP rank
75/197
2024
124/197
2024
GDP growth
3.83%
2023-2024
-0.54%
2023-2024
GDP per capita
$24,050
2024
$7,754
2024
GDP per capita rank
50/197
2024
95/197
2024
GDP per capita, PPP
$49,551
2024
$12,890
2024
GDP per capita PPP rank
46/197
2024
121/197
2024
Government debt
$53.5B
2024
$14B
2024
Debt-to-GDP ratio
57.6%
2024
63.4%
2024
Government debt per person
$13,844
2024
$4,917
2024
Government debt per person rank
42/185
2024
79/185
2024
Average annual personal income after taxes
$20,856
2026
$6,905
2026
Market capitalization of domestic companies
$27.8B
2024
$12.4B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
23.3%
2023
29.6%
2021
Income share by poorest 10%
2.9%
2023
2.2%
2021
Government expenditure, % of GDP
48%
2024
30.5%
2024
Consumer prices inflation
2.97%
2023-2024
5.41%
2023-2024
Central bank interest rate n/a
5.75%
2025
Unemployment rate
5.03%
2024
3.02%
2023
Population
3812193
2834980

Spending and national debt comparison by year

Croatia
Spending

Debt
Jamaica
Spending

Debt
1x
Year % of GDP
Croatia Jamaica
Government spending Government debt Government spending Government debt
2024 48% 57.6% 30.5% 63.4%
2023 46.8% 61.8% 28% 67.3%
2022 45% 68.5% 28.4% 73.5%
2021 48.1% 78.2% 29% 90.9%
2020 53.7% 86.5% 29.8% 100.1%
2019 44.3% 70.9% 27.8% 88.6%
2018 44.9% 72.8% 27.8% 89.2%
2017 44.1% 76.2% 27.3% 96.7%
2016 45.9% 79.3% 27% 109.1%
2015 47.5% 82.8% 26.3% 117.6%
2014 48.7% 83.2% 26.5% 136.7%
2013 47.9% 79.5% 26.9% 138.1%
2012 47.3% 68.9% 29.6% 143%
2011 48.6% 63.1% 31.7% 138.1%
2010 48.1% 56.8% 32.9% 140.1%
2009 49.2% 47.9% 38.6% 141.5%
2008 46.3% 38.9% 34.4% 125.6%
2007 46.3% 37.1% 31.6% 115.3%
2006 44.6% 38.4% 31.2% 118%
2005 46.5% 40.9% 29.3% 124.5%
2004 49% 40% 31.5% 120.1%
2003 49.6% 37.8% 32.5% 125.5%
2002 49.2% 36.5% 31.1% 119.1%
2001 50.6% 36.6% 28.5% 107.9%
2000 54.6% 35.4% 26.2% 91.3%
1999 58.9% 30% 28.9% 83.5%
1998 56.8% 23.3% 28.3% 75.6%
1997 51.7% 22.5% 28.3% 74.4%
1996 52.1% - 27.7% 70.2%
1995 50.3% - 23.1% 85.2%
1994 45.4% - 21.5% 90.4%
1993 36% - 21.5% 106.2%
1992 37.1% - 20% 100.4%
1991 - - 24.5% 175.1%
1990 - - 25.7% 128.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Jamaica spent $6.72B, or 30.5% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 63.4% in Jamaica, ranking 86/185 and 73/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Jamaica
1x
Year Deficit/surplus, % of GDP
Croatia Jamaica
2024 -1.95% 0.22%
2023 -0.79% 0.04%
2022 0.12% 0.27%
2021 -2.58% 0.89%
2020 -7.23% -2.83%
2019 2.31% 0.85%
2018 0.23% 1.12%
2017 0.8% 0.43%
2016 -1.04% -0.19%
2015 -3.53% -0.28%
2014 -5.19% -0.49%
2013 -5.52% 0.12%
2012 -5.46% -4.05%
2011 -7.53% -6.34%
2010 -6.46% -6.27%
2009 -7.15% -11.1%
2008 -2.34% -7.43%
2007 -2.28% -3.82%
2006 -2.01% -4.9%
2005 -3.24% -3.3%
2004 -6.09% -4.68%
2003 -5.03% -5.67%
2002 -4.9% -6.77%
2001 -4.79% -4.89%
2000 -9.2% -0.8%
1999 -11.1% -3.53%
1998 -6.36% -5.82%
1997 -4.93% -6.54%
1996 -4.41% -5.32%
1995 -4.23% 1.6%
1994 -0.82% 2.59%
1993 -2.67% 2.6%
1992 -5.69% 3.11%
1991 - 3.87%
1990 - 2.34%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/croatia/jamaica | 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 Jamaica's surplus of $49.1M, or 0.22% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Jamaica ran a deficit in 21 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 2.46% of GDP for Jamaica.

Inflation comparison by year

Inflation
Croatia

Jamaica
1x
Year Consumer prices inflation
Croatia Jamaica
2024 2.97% 5.41%
2023 7.94% 6.47%
2022 10.8% 10.3%
2021 2.55% 5.86%
2020 0.15% 5.23%
2019 0.77% 3.91%
2018 1.5% 3.74%
2017 1.13% 4.38%
2016 -1.12% 2.35%
2015 -0.46% 3.69%
2014 -0.22% 8.27%
2013 2.22% 9.34%
2012 3.41% 6.87%
2011 2.27% 7.56%
2010 1.03% 12.6%
2009 2.38% 9.59%
2008 6.08% 22%
2007 2.9% 9.24%
2006 3.19% 8.56%
2005 3.32% 15.1%
2004 2.06% 13.6%
2003 1.77% 10.1%
2002 1.67% 7.08%
2001 3.78% 6.8%
2000 4.61% 8.17%
1999 4.02% 5.95%
1998 6.4% 8.63%
1997 4.17% 9.66%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 8.23% in Jamaica. In 2024, inflation was 2.97% in Croatia and 5.41% in Jamaica.

Top exports between countries

Croatia
Export category Export value
Machinery & equipment $1.65M
Miscellaneous $32K
Raw materials & minerals $11K
Metals $5K
Textiles & consumer goods $5K
Processed food, beverages & tobacco $4K
Chemicals & pharma $1K
Jamaica
Export category Export value
Raw materials & minerals $8.73M

Balance of trade

Croatia Jamaica
Current account balance
-$1.05B
2024
$679M
2024
Current account balance ranking
125/190
2024
56/190
2024
Current account balance, % of GDP
-1.13%
2024
+3.08%
2024
Goods imports
$41.5B
2024
$6.07B
2024
Goods exports
$21.9B
2024
$1.87B
2024
Service imports
$8.35B
2024
$3.46B
2024
Service exports
$24.7B
2024
$5.26B
2024
Imports of goods and services, % of GDP
54.8%
2024
52.1%
2019
Exports of goods and services, % of GDP
50.1%
2024
38%
2019

Economic freedom indices

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

Croatia Jamaica
Economic freedom 67.5 68.2
Economic freedom ranking 56/197 48/197
Property rights 81.1 66.8
Government integrity 52.6 49.4
Judicial effectiveness 71.7 75.6
Tax burden 70 76.3
Government spending 34.9 76
Fiscal health 92.2 92.2
Business freedom 79.6 68.5
Labor freedom 58.9 59.2
Monetary freedom 69.9 74.2
Trade freedom 79.4 70.4
Investment freedom 60 60
Financial freedom 60 50

Economic freedom comparison by year

Croatia
Jamaica
1x
Year Economic freedom index
Croatia Jamaica
2026 67.5 68.2
2025 68.7 68.7
2024 67.2 68.1
2023 66.4 68.1
2022 67.6 67.4
2021 63.6 69
2020 62.2 68.5
2019 61.4 68.6
2018 61 69.1
2017 59.4 69.5
2016 59.1 67.5
2015 61.5 67.7
2014 60.4 66.7
2013 61.3 66.8
2012 60.9 65.1
2011 61.1 65.7
2010 59.2 65.5
2009 55.1 65.2
2008 54.1 65.7
2007 53.4 65.5
2006 53.6 66.4
2005 51.9 67
2004 53.1 66.7
2003 53.3 67
2002 51.1 61.7
2001 50.7 63.7
2000 53.6 65.5
1999 53.1 64.7
1998 51.7 67.1
1997 46.7 67.7
1996 48 66.7
1995 - 64.4

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 68.2 for Jamaica, ranking 48/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Jamaica
Services, % of GDP
60.8%
2024
60%
2024
Industry, % of GDP
19.2%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
7.97%
2024
GNI, Atlas method
$86B
2024
$20.5B
2024
GNI per capita, PPP
$49,740
2024
$12,690
2024
Total reserves including gold
$3.34B
2024
$5.63B
2024
Total reserves ranking
116/177
2024
93/177
2024
Net foreign direct investment
-$1.88B
2024
-$304M
2024
Net inflows of foreign direct investment
$4.54B
2024
$305M
2024
Net outflows of foreign direct investment
$2.79B
2024
$1.07M
2024
Servicing debt to the IMF, % of GNI n/a
11.3%
2024
Poverty at national poverty lines
20.3%
2023
8.2%
2023
Gross capital formation, % of GDP
24.4%
2024
22.6%
2019

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/jamaica | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, 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 (1990–1998, retrieved 2026-02-20)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.