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Economy of Croatia vs Kenya compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $120B for Kenya, ranking 75/197 and 64/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $81B (67.3% of GDP) in Kenya.

Croatia vs Kenya GDP by year

Croatia
Kenya
1x
Year GDP, current $
Croatia Kenya
2024 $92,983,810,329 $120,339,557,906
2023 $85,624,153,964 $107,500,884,685
2022 $71,196,498,671 $114,448,978,153
2021 $69,002,365,163 $109,703,658,905
2020 $57,959,843,541 $100,657,505,751
2019 $61,466,721,186 $100,378,436,207
2018 $61,667,925,219 $92,202,979,985
2017 $56,182,782,586 $82,036,510,877
2016 $52,650,714,172 $74,815,144,164
2015 $50,998,893,385 $70,120,446,897
2014 $59,606,934,501 $68,285,796,514
2013 $59,846,265,182 $61,671,440,408
2012 $57,548,115,904 $56,396,704,672
2011 $62,889,007,657 $46,869,473,151
2010 $58,975,205,417 $45,405,615,064
2009 $62,315,996,675 $42,347,217,913
2008 $68,472,854,617 $35,895,153,328
2007 $59,290,621,398 $31,958,195,182
2006 $49,583,544,860 $25,825,512,284
2005 $45,013,119,282 $18,737,895,513
2004 $41,836,292,157 $16,095,337,094
2003 $35,245,317,002 $14,904,517,650
2002 $26,757,722,429 $13,147,736,899
2001 $23,066,883,850 $12,986,007,426
2000 $22,134,411,297 $12,705,350,098
1999 $23,777,026,779 $12,896,010,459
1998 $25,890,228,430 $14,093,998,844
1997 $24,175,764,812 $13,115,764,358
1996 $24,150,978,347 $12,045,865,396
1995 $22,772,394,547 $9,046,320,255
1994 $15,062,911,617 $7,148,148,564
1993 $11,259,647,874 $5,751,786,643
1992 $10,621,169,291 $8,209,120,763
1991 $18,760,386,775 $8,151,488,783
1990 $25,650,213,280 $8,572,359,038
1989 - $8,283,114,514
1988 - $8,355,380,879
1987 - $7,970,820,369
1986 - $7,239,126,568
1985 - $6,135,034,214
1984 - $6,191,437,070
1983 - $5,979,198,314
1982 - $6,431,579,357
1981 - $6,854,491,706
1980 - $7,265,315,820
1979 - $6,234,391,113
1978 - $5,303,735,111
1977 - $4,494,378,764
1976 - $3,474,542,392
1975 - $3,259,345,083
1974 - $2,969,958,812
1973 - $2,509,001,324
1972 - $2,107,279,157
1971 - $1,778,391,289
1970 - $1,603,447,359
1969 - $1,458,379,417
1968 - $1,353,295,459
1967 - $1,232,559,507
1966 - $1,164,519,674
1965 - $997,919,321
1964 - $998,759,334
1963 - $926,589,349
1962 - $868,111,401
1961 - $792,959,473
1960 - $791,265,459

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

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

GDP per capita in Croatia vs Kenya by year

Croatia
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $2,132 $6,644
2023 $22,184 $47,760 $1,943 $6,317
2022 $18,466 $42,125 $2,110 $5,883
2021 $17,789 $36,930 $2,061 $5,339
2020 $14,808 $31,594 $1,928 $4,793
2019 $15,564 $33,064 $1,960 $4,687
2018 $15,460 $29,789 $1,836 $4,412
2017 $13,902 $27,888 $1,667 $4,177
2016 $12,820 $25,803 $1,554 $3,917
2015 $12,284 $23,750 $1,489 $3,678
2014 $14,187 $22,706 $1,483 $3,359
2013 $14,135 $22,430 $1,371 $3,106
2012 $13,508 $21,619 $1,285 $2,847
2011 $14,692 $21,191 $1,096 $2,750
2010 $13,730 $20,139 $1,092 $2,635
2009 $14,475 $20,358 $1,048 $2,480
2008 $15,888 $21,018 $916 $2,459
2007 $13,756 $19,568 $840 $2,481
2006 $11,501 $17,629 $700 $2,330
2005 $10,444 $15,451 $523 $2,189
2004 $9,719 $14,686 $464 $2,066
2003 $8,190 $13,692 $443 $1,975
2002 $6,220 $12,775 $403 $1,940
2001 $5,365 $11,653 $411 $1,961
2000 $4,954 $10,675 $415 $1,907
1999 $5,269 $9,943 $434 $1,910
1998 $5,713 $9,890 $488 $1,895
1997 $5,331 $9,536 $467 $1,865
1996 $5,300 $8,806 $441 $1,875
1995 $4,929 $8,052 $340 $1,818
1994 $3,238 $7,337 $276.4 $1,754
1993 $2,448 $6,861 $229 $1,723
1992 $2,321 $7,326 $337 $1,728
1991 $4,001 $7,918 $345 $1,756
1990 $5,369 $9,526 $374 $1,729
1989 - - $374 -
1988 - - $391 -
1987 - - $387 -
1986 - - $364 -
1985 - - $320 -
1984 - - $334 -
1983 - - $335 -
1982 - - $374 -
1981 - - $413 -
1980 - - $454 -
1979 - - $403 -
1978 - - $355 -
1977 - - $311 -
1976 - - $248.9 -
1975 - - $241.2 -
1974 - - $227.2 -
1973 - - $198.6 -
1972 - - $172.6 -
1971 - - $150.9 -
1970 - - $141 -
1969 - - $133.3 -
1968 - - $128.7 -
1967 - - $121.9 -
1966 - - $119.8 -
1965 - - $106.9 -
1964 - - $111.3 -
1963 - - $107.4 -
1962 - - $104.6 -
1961 - - $99.3 -
1960 - - $102.8 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $2,132 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Kenya ranks 149th at $6,644.

Economic indicators

Croatia Kenya
Gross domestic product
$93B
2024
$120B
2024
GDP rank
75/197
2024
64/197
2024
GDP growth
3.83%
2023-2024
4.72%
2023-2024
GDP per capita
$24,050
2024
$2,132
2024
GDP per capita rank
50/197
2024
154/197
2024
GDP per capita, PPP
$49,551
2024
$6,644
2024
GDP per capita PPP rank
46/197
2024
149/197
2024
Government debt
$53.5B
2024
$81B
2024
Debt-to-GDP ratio
57.6%
2024
67.3%
2024
Government debt per person
$13,844
2024
$1,436
2024
Government debt per person rank
42/185
2024
133/185
2024
Average annual personal income after taxes
$20,856
2026
$3,229
2026
Market capitalization of domestic companies
$27.8B
2024
$15B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
23.3%
2023
30.1%
2022
Income share by poorest 10%
2.9%
2023
2.9%
2022
Government expenditure, % of GDP
48%
2024
23.3%
2024
Consumer prices inflation
2.97%
2023-2024
4.49%
2023-2024
Central bank interest rate n/a
9.25%
2025
Unemployment rate
5.03%
2024
5.44%
2022
Population
3812193
58955623

Spending and national debt comparison by year

Croatia
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Croatia Kenya
Government spending Government debt Government spending Government debt
2024 48% 57.6% 23.3% 67.3%
2023 46.8% 61.8% 22.7% 73.4%
2022 45% 68.5% 23.2% 67.8%
2021 48.1% 78.2% 24% 68.2%
2020 53.7% 86.5% 24.8% 68%
2019 44.3% 70.9% 24.4% 59.1%
2018 44.9% 72.8% 24.5% 56.4%
2017 44.1% 76.2% 25.2% 53.9%
2016 45.9% 79.3% 25.4% 50.4%
2015 47.5% 82.8% 23.8% 45.8%
2014 48.7% 83.2% 23.4% 41.3%
2013 47.9% 79.5% 23.2% 39.8%
2012 47.3% 68.9% 22.1% 37.6%
2011 48.6% 63.1% 20.1% 35.7%
2010 48.1% 56.8% 21.5% 36.7%
2009 49.2% 47.9% 20.3% 36%
2008 46.3% 38.9% 18.9% 34.3%
2007 46.3% 37.1% 18.1% 34.2%
2006 44.6% 38.4% 17.3% 37.1%
2005 46.5% 40.9% 16.2% 37.4%
2004 49% 40% 15.4% 40.8%
2003 49.6% 37.8% 16% 43.8%
2002 49.2% 36.5% 15.7% 42%
2001 50.6% 36.6% 14.9% 41.3%
2000 54.6% 35.4% 14.1% 43.1%
1999 58.9% 30% 13.7% 38.4%
1998 56.8% 23.3% 15.3% 38.5%
1997 51.7% 22.5% 15.6% 36%
1996 52.1% - 15.2% 40.5%
1995 50.3% - 17.3% 52.1%
1994 45.4% - 18.8% 57%
1993 36% - 18.9% 61.6%
1992 37.1% - 17.6% 41.2%
1991 - - 16.4% 43%
1990 - - 17.2% 37.6%
1989 - - 16.3% 33.4%
1988 - - 15.9% 33.9%
1987 - - 15.5% 36.3%
1986 - - 15.3% 31.3%
1985 - - 15.6% 28.8%
1984 - - 14.9% 25.6%
1983 - - 14.6% 26.1%
1982 - - 16.2% 26.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Kenya spent $28B, or 23.3% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 67.3% in Kenya, ranking 86/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Kenya
1x
Year Deficit/surplus, % of GDP
Croatia Kenya
2024 -1.95% -5.77%
2023 -0.79% -5.71%
2022 0.12% -6.06%
2021 -2.58% -7.2%
2020 -7.23% -8.13%
2019 2.31% -7.42%
2018 0.23% -6.94%
2017 0.8% -7.4%
2016 -1.04% -7.47%
2015 -3.53% -6.68%
2014 -5.19% -5.75%
2013 -5.52% -5.25%
2012 -5.46% -5.29%
2011 -7.53% -3.64%
2010 -6.46% -3.67%
2009 -7.15% -3.12%
2008 -2.34% -1.95%
2007 -2.28% -0.95%
2006 -2.01% -0.43%
2005 -3.24% -0.19%
2004 -6.09% 0.5%
2003 -5.03% -0.73%
2002 -4.9% -1.29%
2001 -4.79% -0.53%
2000 -9.2% 0.38%
1999 -11.1% 0.84%
1998 -6.36% -0.03%
1997 -4.93% -0.91%
1996 -4.41% -0.49%
1995 -4.23% -0.23%
1994 -0.82% -4.14%
1993 -2.67% -8.57%
1992 -5.69% -8.28%
1991 - -6.56%
1990 - -3.28%
1989 - -2.39%
1988 - -1.97%
1987 - -2.27%
1986 - -2.98%
1985 - -3.05%
1984 - -2.55%
1983 - -2.17%
1982 - -3.07%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/croatia/kenya | 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 Kenya's deficit of $6.94B, or 5.77% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Kenya ran a deficit in 30 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 3.71% of GDP for Kenya.

Inflation comparison by year

Inflation
Croatia

Kenya
1x
Year Consumer prices inflation
Croatia Kenya
2024 2.97% 4.49%
2023 7.94% 7.67%
2022 10.8% 7.66%
2021 2.55% 6.11%
2020 0.15% 5.41%
2019 0.77% 5.24%
2018 1.5% 4.69%
2017 1.13% 8.01%
2016 -1.12% 6.3%
2015 -0.46% 6.58%
2014 -0.22% 6.88%
2013 2.22% 5.72%
2012 3.41% 9.38%
2011 2.27% 14%
2010 1.03% 3.96%
2009 2.38% 9.23%
2008 6.08% 26.2%
2007 2.9% 9.76%
2006 3.19% 14.5%
2005 3.32% 10.3%
2004 2.06% 11.6%
2003 1.77% 9.82%
2002 1.67% 1.96%
2001 3.78% 5.74%
2000 4.61% 9.98%
1999 4.02% 5.74%
1998 6.4% 6.72%
1997 4.17% 11.4%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 8.39% in Kenya. In 2024, inflation was 2.97% in Croatia and 4.49% in Kenya.

Top exports between countries

Croatia
Export category Export value
Machinery & equipment $5.39M
Processed food, beverages & tobacco $508K
Textiles & consumer goods $198K
Raw materials & minerals $133K
Wood & paper products $21K
Metals $11K
Miscellaneous $5K
Raw agricultural goods $5K
Chemicals & pharma $4K
Animal & marine products $1K
Kenya
Export category Export value
Textiles & consumer goods $457K
Wood & paper products $245K
Processed food, beverages & tobacco $236K
Chemicals & pharma $107K
Raw agricultural goods $44K
Animal & marine products $14K
Machinery & equipment $5K
Precious metals & jewellery $1K

Balance of trade

Croatia Kenya
Current account balance
-$1.05B
2024
-$1.55B
2024
Current account balance ranking
125/190
2024
134/190
2024
Current account balance, % of GDP
-1.13%
2024
-1.29%
2024
Goods imports
$41.5B
2024
$22.2B
2024
Goods exports
$21.9B
2024
$12.5B
2024
Service imports
$8.35B
2024
$5.64B
2024
Service exports
$24.7B
2024
$8.04B
2024
Imports of goods and services, % of GDP
54.8%
2024
23.1%
2024
Exports of goods and services, % of GDP
50.1%
2024
17.1%
2024

Economic freedom indices

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

Croatia Kenya
Economic freedom 67.5 55.5
Economic freedom ranking 56/197 128/197
Property rights 81.1 40.2
Government integrity 52.6 32.7
Judicial effectiveness 71.7 47
Tax burden 70 76.3
Government spending 34.9 84.1
Fiscal health 92.2 36.2
Business freedom 79.6 61.5
Labor freedom 58.9 56.5
Monetary freedom 69.9 75.1
Trade freedom 79.4 52
Investment freedom 60 55
Financial freedom 60 50

Economic freedom comparison by year

Croatia
Kenya
1x
Year Economic freedom index
Croatia Kenya
2026 67.5 55.5
2025 68.7 54.8
2024 67.2 53.6
2023 66.4 52.5
2022 67.6 52.6
2021 63.6 54.9
2020 62.2 55.3
2019 61.4 55.1
2018 61 54.7
2017 59.4 53.5
2016 59.1 57.5
2015 61.5 55.6
2014 60.4 57.1
2013 61.3 55.9
2012 60.9 57.5
2011 61.1 57.4
2010 59.2 57.5
2009 55.1 58.7
2008 54.1 59.3
2007 53.4 59.6
2006 53.6 59.7
2005 51.9 57.9
2004 53.1 57.7
2003 53.3 58.6
2002 51.1 58.2
2001 50.7 57.6
2000 53.6 59.7
1999 53.1 58.2
1998 51.7 58.4
1997 46.7 60.1
1996 48 56.4
1995 - 54.5

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 55.5 for Kenya, ranking 128/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Kenya
Services, % of GDP
60.8%
2024
55.3%
2024
Industry, % of GDP
19.2%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
22.5%
2024
GNI, Atlas method
$86B
2024
$118B
2024
GNI per capita, PPP
$49,740
2024
$6,540
2024
Total reserves including gold
$3.34B
2024
$10.1B
2024
Total reserves ranking
116/177
2024
75/177
2024
Net foreign direct investment
-$1.88B
2024
-$45.8M
2024
Net inflows of foreign direct investment
$4.54B
2024
$463M
2024
Net outflows of foreign direct investment
$2.79B
2024
$418M
2024
Servicing debt to the IMF, % of GNI n/a
4.79%
2024
Poverty at national poverty lines
20.3%
2023
39.8%
2022
Gross capital formation, % of GDP
24.4%
2024
16.8%
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/kenya | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20)
  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)

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.