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Economy of Croatia vs Kiribati compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $308M for Kiribati, ranking 75/197 and 192/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Croatia vs Kiribati GDP by year

Croatia
Kiribati
1x
Year GDP, current $
Croatia Kiribati
2024 $92,983,810,329 $307,862,564
2023 $85,624,153,964 $288,610,748
2022 $71,196,498,671 $270,040,453
2021 $69,002,365,163 $285,259,881
2020 $57,959,843,541 $220,898,020
2019 $61,466,721,186 $216,985,388
2018 $61,667,925,219 $233,514,717
2017 $56,182,782,586 $222,875,736
2016 $52,650,714,172 $206,467,819
2015 $50,998,893,385 $191,559,399
2014 $59,606,934,501 $200,287,282
2013 $59,846,265,182 $201,730,861
2012 $57,548,115,904 $207,001,546
2011 $62,889,007,657 $195,970,140
2010 $58,975,205,417 $165,458,433
2009 $62,315,996,675 $140,177,384
2008 $68,472,854,617 $147,017,895
2007 $59,290,621,398 $138,054,946
2006 $49,583,544,860 $112,338,353
2005 $45,013,119,282 $113,895,437
2004 $41,836,292,157 $104,085,892
2003 $35,245,317,002 $96,105,619
2002 $26,757,722,429 $74,743,869
2001 $23,066,883,850 $64,935,850
2000 $22,134,411,297 $74,910,527
1999 $23,777,026,779 $77,323,978
1998 $25,890,228,430 $74,905,706
1997 $24,175,764,812 $80,205,807
1996 $24,150,978,347 $81,456,854
1995 $22,772,394,547 $68,596,395
1994 $15,062,911,617 $67,055,334
1993 $11,259,647,874 $58,953,596
1992 $10,621,169,291 $61,491,369
1991 $18,760,386,775 $41,247,792
1990 $25,650,213,280 $36,534,295
1989 - $37,645,319
1988 - $38,278,810
1987 - $29,554,413
1986 - $25,993,009
1985 - $26,126,615
1984 - $34,394,167
1983 - $31,000,546
1982 - $32,742,713
1981 - $35,267,489
1980 - $33,157,723
1979 - $34,466,197
1978 - $36,563,965
1977 - $31,335,459
1976 - $33,246,817
1975 - $44,547,454
1974 - $69,256,489
1973 - $25,645,040
1972 - $15,314,346
1971 - $12,356,134
1970 - $11,560,877

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Croatia vs Kiribati by year

Croatia
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $2,289 $3,702
2023 $22,184 $47,760 $2,178 $3,486
2022 $18,466 $42,125 $2,070 $3,329
2021 $17,789 $36,930 $2,222 $3,020
2020 $14,808 $31,594 $1,752 $2,711
2019 $15,564 $33,064 $1,751 $2,763
2018 $15,460 $29,789 $1,913 $2,672
2017 $13,902 $27,888 $1,853 $2,562
2016 $12,820 $25,803 $1,743 $2,463
2015 $12,284 $23,750 $1,640 $2,311
2014 $14,187 $22,706 $1,737 $2,084
2013 $14,135 $22,430 $1,772 $2,049
2012 $13,508 $21,619 $1,844 $1,896
2011 $14,692 $21,191 $1,771 $1,786
2010 $13,730 $20,139 $1,522 $1,724
2009 $14,475 $20,358 $1,317 $1,718
2008 $15,888 $21,018 $1,411 $1,735
2007 $13,756 $19,568 $1,353 $1,792
2006 $11,501 $17,629 $1,123 $1,728
2005 $10,444 $15,451 $1,162 $1,617
2004 $9,719 $14,686 $1,083 $1,579
2003 $8,190 $13,692 $1,021 $1,578
2002 $6,220 $12,775 $810 $1,605
2001 $5,365 $11,653 $719 $1,591
2000 $4,954 $10,675 $845 $1,638
1999 $5,269 $9,943 $887 $1,526
1998 $5,713 $9,890 $874 $1,593
1997 $5,331 $9,536 $953 $1,535
1996 $5,300 $8,806 $986 $1,519
1995 $4,929 $8,052 $844 $1,518
1994 $3,238 $7,337 $838 $1,469
1993 $2,448 $6,861 $748 $1,431
1992 $2,321 $7,326 $792 $1,421
1991 $4,001 $7,918 $540 $1,139
1990 $5,369 $9,526 $488 $1,192
1989 - - $515 -
1988 - - $536 -
1987 - - $424 -
1986 - - $382 -
1985 - - $393 -
1984 - - $527 -
1983 - - $483 -
1982 - - $519 -
1981 - - $568 -
1980 - - $542 -
1979 - - $573 -
1978 - - $611 -
1977 - - $520 -
1976 - - $548 -
1975 - - $730 -
1974 - - $1,131 -
1973 - - $422 -
1972 - - $256.2 -
1971 - - $210.7 -
1970 - - $201 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Kiribati ranks 169th at $3,702.

Economic indicators

Croatia Kiribati
Gross domestic product
$93B
2024
$308M
2024
GDP rank
75/197
2024
192/197
2024
GDP growth
3.83%
2023-2024
5.27%
2023-2024
GDP per capita
$24,050
2024
$2,289
2024
GDP per capita rank
50/197
2024
152/197
2024
GDP per capita, PPP
$49,551
2024
$3,702
2024
GDP per capita PPP rank
46/197
2024
169/197
2024
Government debt
$53.5B
2024
$30.5M
2024
Debt-to-GDP ratio
57.6%
2024
9.92%
2024
Government debt per person
$13,844
2024
$226.9
2024
Government debt per person rank
42/185
2024
181/185
2024
Average annual personal income after taxes
$20,856
2026
$1,967
2026
Market capitalization of domestic companies
$27.8B
2024
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
23.3%
2023
22.8%
2019
Income share by poorest 10%
2.9%
2023
4%
2019
Government expenditure, % of GDP
48%
2024
98.1%
2024
Consumer prices inflation
2.97%
2023-2024
2.5%
2023-2024
Unemployment rate
5.03%
2024
2.79%
2023
Population
3812193
139020

Spending and national debt comparison by year

Croatia
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Croatia Kiribati
Government spending Government debt Government spending Government debt
2024 48% 57.6% 98.1% 9.92%
2023 46.8% 61.8% 95.3% 11.4%
2022 45% 68.5% 87.5% 16.3%
2021 48.1% 78.2% 84% 17.3%
2020 53.7% 86.5% 102.2% 21%
2019 44.3% 70.9% 108.3% 19%
2018 44.9% 72.8% 108.8% 19%
2017 44.1% 76.2% 92.1% 20.2%
2016 45.9% 79.3% 99% 21.2%
2015 47.5% 82.8% 90.9% 18.8%
2014 48.7% 83.2% 101.2% 8.97%
2013 47.9% 79.5% 78% 8.86%
2012 47.3% 68.9% 83.9% 8.13%
2011 48.6% 63.1% 80.9% 8.8%
2010 48.1% 56.8% 75.7% 9.43%
2009 49.2% 47.9% 74.7% 10.3%
2008 46.3% 38.9% 79.4% 13.9%
2007 46.3% 37.1% 77.3% 11.1%
2006 44.6% 38.4% 82.1% 12.9%
2005 46.5% 40.9% 95.6% 12.1%
2004 49% 40% 103.8% 13.6%
2003 49.6% 37.8% 84.4% 12.3%
2002 49.2% 36.5% 96.9% 13.3%
2001 50.6% 36.6% 101.3% 17%
2000 54.6% 35.4% 66% 12.7%
1999 58.9% 30% 77.6% 11.8%
1998 56.8% 23.3% 74.7% 9.81%
1997 51.7% 22.5% 70.9% 10.7%
1996 52.1% - 68.4% 11%
1995 50.3% - 69.6% 12.3%
1994 45.4% - 54.6% 12.3%
1993 36% - 55.3% 10.9%
1992 37.1% - 65.9% 7.31%
1991 - - 82.1% 8.43%
1990 - - 105.5% 7.72%

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

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 9.92% in Kiribati, ranking 86/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Kiribati
1x
Year Deficit/surplus, % of GDP
Croatia Kiribati
2024 -1.95% -22%
2023 -0.79% 0.13%
2022 0.12% -18.3%
2021 -2.58% -10.8%
2020 -7.23% 3.57%
2019 2.31% 10.8%
2018 0.23% 5.18%
2017 0.8% 34.1%
2016 -1.04% 20.1%
2015 -3.53% 42.5%
2014 -5.19% 35%
2013 -5.52% 11.8%
2012 -5.46% -5.43%
2011 -7.53% -17.6%
2010 -6.46% -7.8%
2009 -7.15% -8.56%
2008 -2.34% -15.8%
2007 -2.28% -12.5%
2006 -2.01% -12.3%
2005 -3.24% -9.96%
2004 -6.09% -19.2%
2003 -5.03% -8.93%
2002 -4.9% 3.13%
2001 -4.79% -10.9%
2000 -9.2% -0.03%
1999 -11.1% -1.81%
1998 -6.36% 14.6%
1997 -4.93% 5.92%
1996 -4.41% -20.2%
1995 -4.23% -5.14%
1994 -0.82% 0.74%
1993 -2.67% 6.27%
1992 -5.69% 0.79%
1991 - 3.87%
1990 - -4.62%

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

GeoRank.org/economy/croatia/kiribati | 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 Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Kiribati ran a deficit in 18 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 0.38% of GDP for Kiribati.

Inflation comparison by year

Inflation
Croatia

Kiribati
1x
Year Consumer prices inflation
Croatia Kiribati
2024 2.97% 2.5%
2023 7.94% 9.3%
2022 10.8% 5.3%
2021 2.55% 2.1%
2020 0.15% 2.6%
2019 0.77% -1.8%
2018 1.5% 0.6%
2017 1.13% 0.4%
2016 -1.12% 1.9%
2015 -0.46% 0.6%
2014 -0.22% 2.1%
2013 2.22% -1.5%
2012 3.41% -3%
2011 2.27% 1.5%
2010 1.03% -3.9%
2009 2.38% 9.8%
2008 6.08% 13.7%
2007 2.9% 3.6%
2006 3.19% -1%
2005 3.32% -0.4%
2004 2.06% -0.7%
2003 1.77% 1.6%
2002 1.67% 3.2%
2001 3.78% 6%
2000 4.61% 0.4%
1999 4.02% 1.8%
1998 6.4% 3.7%
1997 4.17% 2.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 2.25% in Kiribati. In 2024, inflation was 2.97% in Croatia and 2.5% in Kiribati.

Top exports between countries

Croatia
Export category Export value
Machinery & equipment $223K
Kiribati
Export category Export value

Balance of trade

Croatia Kiribati
Current account balance
-$1.05B
2024
-$59.5M
2024
Current account balance ranking
125/190
2024
85/190
2024
Current account balance, % of GDP
-1.13%
2024
-19.3%
2024
Goods imports
$41.5B
2024
$227M
2024
Goods exports
$21.9B
2024
$8.49M
2024
Service imports
$8.35B
2024
$108M
2024
Service exports
$24.7B
2024
$7M
2024
Imports of goods and services, % of GDP
54.8%
2024
94.9%
2024
Exports of goods and services, % of GDP
50.1%
2024
6.27%
2024

Economic freedom indices

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

Croatia Kiribati
Economic freedom 67.5 50.8
Economic freedom ranking 56/197 158/197
Property rights 81.1 69.6
Government integrity 52.6 50.5
Judicial effectiveness 71.7 54.6
Tax burden 70 72.6
Government spending 34.9 0
Fiscal health 92.2 19.8
Business freedom 79.6 60.2
Labor freedom 58.9 65.3
Monetary freedom 69.9 76.7
Trade freedom 79.4 80
Investment freedom 60 30
Financial freedom 60 30

Economic freedom comparison by year

Croatia
Kiribati
1x
Year Economic freedom index
Croatia Kiribati
2026 67.5 50.8
2025 68.7 50.9
2024 67.2 51.3
2023 66.4 58.8
2022 67.6 59.2
2021 63.6 44.4
2020 62.2 45.2
2019 61.4 47.3
2018 61 50.8
2017 59.4 50.9
2016 59.1 46.2
2015 61.5 46.4
2014 60.4 46.3
2013 61.3 45.9
2012 60.9 46.9
2011 61.1 44.8
2010 59.2 43.7
2009 55.1 45.7
2008 54.1 -
2007 53.4 -
2006 53.6 -
2005 51.9 -
2004 53.1 -
2003 53.3 -
2002 51.1 -
2001 50.7 -
2000 53.6 -
1999 53.1 -
1998 51.7 -
1997 46.7 -
1996 48 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Kiribati
Services, % of GDP
60.8%
2024
67.1%
2023
Industry, % of GDP
19.2%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
27.2%
2023
GNI, Atlas method
$86B
2024
$493M
2024
GNI per capita, PPP
$49,740
2024
$6,060
2024
Total reserves including gold
$3.34B
2024
n/a
Total reserves ranking
116/177
2024
n/a
Net foreign direct investment
-$1.88B
2024
-$8.06M
2024
Net inflows of foreign direct investment
$4.54B
2024
$8.07M
2024
Net outflows of foreign direct investment
$2.79B
2024
$16.4K
2024
Poverty at national poverty lines
20.3%
2023
5.5%
2023
Gross capital formation, % of GDP
24.4%
2024
25.8%
2023

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/kiribati | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-02-20)
  8. TradeMap (2023, retrieved 2026-02-08)

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.