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Economy of Croatia vs Lebanon compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $20.1B for Lebanon, ranking 75/197 and 128/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $38.7B (163.8% of GDP) in Lebanon.

Croatia vs Lebanon GDP by year

Croatia
Lebanon
1x
Year GDP, current $
Croatia Lebanon
2024 $92,983,810,329 -
2023 $85,624,153,964 $20,078,620,357
2022 $71,196,498,671 $20,992,421,949
2021 $69,002,365,163 $23,131,941,557
2020 $57,959,843,541 $31,712,128,254
2019 $61,466,721,186 $51,605,959,131
2018 $61,667,925,219 $54,901,519,156
2017 $56,182,782,586 $53,027,680,686
2016 $52,650,714,172 $51,147,308,774
2015 $50,998,893,385 $49,929,337,837
2014 $59,606,934,501 $48,095,213,747
2013 $59,846,265,182 $46,880,103,081
2012 $57,548,115,904 $44,016,799,516
2011 $62,889,007,657 $39,927,125,962
2010 $58,975,205,417 $38,443,907,042
2009 $62,315,996,675 $35,399,582,929
2008 $68,472,854,617 $29,118,916,105
2007 $59,290,621,398 $24,827,355,015
2006 $49,583,544,860 $22,022,709,851
2005 $45,013,119,282 $21,497,336,499
2004 $41,836,292,157 $21,159,827,992
2003 $35,245,317,002 $20,082,918,740
2002 $26,757,722,429 $19,152,238,806
2001 $23,066,883,850 $17,649,751,244
2000 $22,134,411,297 $17,260,364,842
1999 $23,777,026,779 $17,391,056,369
1998 $25,890,228,430 $17,247,179,006
1997 $24,175,764,812 $15,751,867,489
1996 $24,150,978,347 $13,690,217,334
1995 $22,772,394,547 $11,718,795,529
1994 $15,062,911,617 $9,599,127,050
1993 $11,259,647,874 $7,941,744,492
1992 $10,621,169,291 $5,843,579,161
1991 $18,760,386,775 $4,690,415,093
1990 $25,650,213,280 $2,838,485,354
1989 - $2,717,998,688
1988 - $3,313,540,068

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

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

GDP per capita in Croatia vs Lebanon by year

Croatia
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 - -
2023 $22,184 $47,760 $3,478 $12,575
2022 $18,466 $42,125 $3,654 $12,293
2021 $17,789 $36,930 $4,045 $11,600
2020 $14,808 $31,594 $5,561 $16,260
2019 $15,564 $33,064 $8,906 $21,710
2018 $15,460 $29,789 $9,175 $21,985
2017 $13,902 $27,888 $8,608 $20,964
2016 $12,820 $25,803 $8,089 $18,941
2015 $12,284 $23,750 $7,714 $17,046
2014 $14,187 $22,706 $7,578 $16,140
2013 $14,135 $22,430 $8,162 $16,316
2012 $13,508 $21,619 $8,407 $16,121
2011 $14,692 $21,191 $7,835 $14,975
2010 $13,730 $20,139 $7,626 $14,704
2009 $14,475 $20,358 $7,091 $13,586
2008 $15,888 $21,018 $5,912 $12,416
2007 $13,756 $19,568 $5,125 $11,356
2006 $11,501 $17,629 $4,635 $10,312
2005 $10,444 $15,451 $4,602 $10,020
2004 $9,719 $14,686 $4,601 $9,609
2003 $8,190 $13,692 $4,438 $8,914
2002 $6,220 $12,775 $4,291 $8,586
2001 $5,365 $11,653 $4,010 $8,289
2000 $4,954 $10,675 $3,987 $7,938
1999 $5,269 $9,943 $4,087 $7,793
1998 $5,713 $9,890 $4,125 $7,861
1997 $5,331 $9,536 $3,834 $7,632
1996 $5,300 $8,806 $3,393 $7,560
1995 $4,929 $8,052 $2,959 $6,796
1994 $3,238 $7,337 $2,468 $6,367
1993 $2,448 $6,861 $2,079 $5,871
1992 $2,321 $7,326 $1,559 $5,279
1991 $4,001 $7,918 $1,278 $4,527
1990 $5,369 $9,526 $790 $2,990
1989 - - $771 -
1988 - - $959 -

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $3,478 in Lebanon, ranking 135/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Lebanon ranks 123rd at $12,575.

Economic indicators

Croatia Lebanon
Gross domestic product
$93B
2024
$20.1B
2023
GDP rank
75/197
2024
128/197
2023
GDP growth
3.83%
2023-2024
-0.76%
2022-2023
GDP per capita
$24,050
2024
$3,478
2023
GDP per capita rank
50/197
2024
135/197
2023
GDP per capita, PPP
$49,551
2024
$12,575
2023
GDP per capita PPP rank
46/197
2024
123/197
2023
Government debt
$53.5B
2024
$38.7B
2023
Debt-to-GDP ratio
57.6%
2024
163.8%
2024
Government debt per person
$13,844
2024
$6,704
2023
Government debt per person rank
42/185
2024
70/185
2023
Average annual personal income after taxes
$20,856
2026
$3,560
2026
Market capitalization of domestic companies
$27.8B
2024
$10.6B
2021
Number of billionaires
1
2025
6
2025
Income share by richest 10%
23.3%
2023
25.1%
2022
Income share by poorest 10%
2.9%
2023
2.8%
2022
Government expenditure, % of GDP
48%
2024
16.5%
2024
Consumer prices inflation
2.97%
2023-2024
45.2%
2023-2024
Central bank interest rate n/a
20%
2023
Unemployment rate
5.03%
2024
11.3%
2019
Population
3812193
5906622

Spending and national debt comparison by year

Croatia
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Croatia Lebanon
Government spending Government debt Government spending Government debt
2024 48% 57.6% 16.5% 163.8%
2023 46.8% 61.8% 14.9% 192.8%
2022 45% 68.5% 13.4% 244.6%
2021 48.1% 78.2% 10.9% 358%
2020 53.7% 86.5% 23.2% 148.7%
2019 44.3% 70.9% 31.3% 172.1%
2018 44.9% 72.8% 32.3% 155.1%
2017 44.1% 76.2% 30.6% 150%
2016 45.9% 79.3% 28.3% 146.4%
2015 47.5% 82.8% 26.7% 140.8%
2014 48.7% 83.2% 28.8% 138.4%
2013 47.9% 79.5% 28.9% 135.4%
2012 47.3% 68.9% 30.2% 131.1%
2011 48.6% 63.1% 28.8% 134.4%
2010 48.1% 56.8% 29.2% 136.8%
2009 49.2% 47.9% 32.1% 144.5%
2008 46.3% 38.9% 34.3% 161.5%
2007 46.3% 37.1% 35.2% 169.3%
2006 44.6% 38.4% 36.1% 183.3%
2005 46.5% 40.9% 31.4% 178.9%
2004 49% 40% 33.3% 169.5%
2003 49.6% 37.8% 36.4% 171.3%
2002 49.2% 36.5% 36.8% 163.1%
2001 50.6% 36.6% 38.9% 163.1%
2000 54.6% 35.4% 42.8% 148.1%
1999 58.9% 30% 35.6% 130.2%
1998 56.8% 23.3% 34.7% 108.2%
1997 51.7% 22.5% 40.5% 100.2%
1996 52.1% - 43.6% 101.2%
1995 50.3% - 31.1% 79.6%
1994 45.4% - 47.3% 71.5%
1993 36% - 23% 50.5%
1992 37.1% - 36.1% 51.7%
1991 - - 35.6% 67.1%
1990 - - 40% 99.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Lebanon spent $2.99B, or 16.5% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 163.8% in Lebanon, ranking 86/185 and 6/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Lebanon
1x
Year Deficit/surplus, % of GDP
Croatia Lebanon
2024 -1.95% -0.19%
2023 -0.79% -1.7%
2022 0.12% -7.77%
2021 -2.58% -2.67%
2020 -7.23% -7.37%
2019 2.31% -10.5%
2018 0.23% -11.3%
2017 0.8% -8.65%
2016 -1.04% -8.88%
2015 -3.53% -7.48%
2014 -5.19% -6.22%
2013 -5.52% -8.82%
2012 -5.46% -8.43%
2011 -7.53% -5.94%
2010 -6.46% -7.47%
2009 -7.15% -8.1%
2008 -2.34% -9.86%
2007 -2.28% -10.9%
2006 -2.01% -10.6%
2005 -3.24% -8.57%
2004 -6.09% -9.83%
2003 -5.03% -14%
2002 -4.9% -16.2%
2001 -4.79% -21%
2000 -9.2% -23.9%
1999 -11.1% -16.7%
1998 -6.36% -17.3%
1997 -4.93% -24.5%
1996 -4.41% -25.7%
1995 -4.23% -13.6%
1994 -0.82% -29.1%
1993 -2.67% -7.19%
1992 -5.69% -24%
1991 - -19.5%
1990 - -30.2%

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

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

In 2023, Croatia's government deficit, the difference between spending and revenue, was $678M, equivalent to 0.79% of GDP. This compares to Lebanon's deficit of $342M, or 1.7% of GDP.

Over the past 32 years, Croatia recorded a fiscal deficit in 28 of those years, while Lebanon ran a deficit in 32 years. On average, Croatia posted an annual deficit equal to 4.04% of GDP, compared to deficit of 12.3% of GDP for Lebanon.

Inflation comparison by year

Inflation
Croatia

Lebanon
1x
Year Consumer prices inflation
Croatia Lebanon
2024 2.97% 45.2%
2023 7.94% 221.3%
2022 10.8% 171.2%
2021 2.55% 154.8%
2020 0.15% 84.9%
2019 0.77% 2.9%
2018 1.5% 6.1%
2017 1.13% 4.5%
2016 -1.12% -0.8%
2015 -0.46% -3.8%
2014 -0.22% 1.1%
2013 2.22% 5.6%
2012 3.41% 6.6%
2011 2.27% 5%
2010 1.03% 4%
2009 2.38% 1.2%
2008 6.08% 10.7%
2007 2.9% 4.1%
2006 3.19% 4.1%
2005 3.32% -1.4%
2004 2.06% 1.7%
2003 1.77% 1.3%
2002 1.67% 1.8%
2001 3.78% -0.4%
2000 4.61% -0.4%
1999 4.02% 0.2%
1998 6.4% 4.5%
1997 4.17% 7.7%

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/lebanon | CC BY

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 26.6% in Lebanon. In 2024, inflation was 2.97% in Croatia and 45.2% in Lebanon.

Top exports between countries

Croatia
Export category Export value
Animal & marine products $34.6M
Processed food, beverages & tobacco $3.94M
Raw agricultural goods $922K
Weapons & explosives $748K
Machinery & equipment $579K
Wood & paper products $277K
Textiles & consumer goods $210K
Chemicals & pharma $106K
Metals $78K
Raw materials & minerals $20K
Lebanon
Export category Export value
Metals $74K
Textiles & consumer goods $51K
Chemicals & pharma $36K
Machinery & equipment $33K
Miscellaneous $15K
Raw materials & minerals $3K

Balance of trade

Croatia Lebanon
Current account balance
-$1.05B
2024
-$5.64B
2023
Current account balance ranking
125/190
2024
168/190
2023
Current account balance, % of GDP
-1.13%
2024
-28.1%
2023
Goods imports
$41.5B
2024
$16.7B
2023
Goods exports
$21.9B
2024
$3.85B
2023
Service imports
$8.35B
2024
$6.63B
2023
Service exports
$24.7B
2024
$7.92B
2023
Imports of goods and services, % of GDP
54.8%
2024
73.7%
2023
Exports of goods and services, % of GDP
50.1%
2024
30.6%
2023

Economic freedom indices

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

Croatia Lebanon
Economic freedom 67.5 43.1
Economic freedom ranking 56/197 183/197
Property rights 81.1 21.8
Government integrity 52.6 23.4
Judicial effectiveness 71.7 23.8
Tax burden 70 90.3
Government spending 34.9 93.3
Fiscal health 92.2 63.4
Business freedom 79.6 47.6
Labor freedom 58.9 48.4
Monetary freedom 69.9 0
Trade freedom 79.4 65.6
Investment freedom 60 20
Financial freedom 60 20

Economic freedom comparison by year

Croatia
Lebanon
1x
Year Economic freedom index
Croatia Lebanon
2026 67.5 43.1
2025 68.7 44.1
2024 67.2 48.3
2023 66.4 45.6
2022 67.6 47.3
2021 63.6 51.4
2020 62.2 51.7
2019 61.4 51.1
2018 61 53.2
2017 59.4 53.3
2016 59.1 59.5
2015 61.5 59.3
2014 60.4 59.4
2013 61.3 59.5
2012 60.9 60.1
2011 61.1 60.1
2010 59.2 59.5
2009 55.1 58.1
2008 54.1 60
2007 53.4 60.4
2006 53.6 57.5
2005 51.9 57.2
2004 53.1 56.9
2003 53.3 56.7
2002 51.1 57.1
2001 50.7 61
2000 53.6 56.1
1999 53.1 59.1
1998 51.7 59
1997 46.7 63.9
1996 48 63.2

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Lebanon
Services, % of GDP
60.8%
2024
42.4%
2023
Industry, % of GDP
19.2%
2024
2.09%
2023
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
0.97%
2023
GNI, Atlas method
$86B
2024
$21.4B
2023
GNI per capita, PPP
$49,740
2024
$12,420
2023
Total reserves including gold
$3.34B
2024
$33.3B
2024
Total reserves ranking
116/177
2024
54/177
2024
Net foreign direct investment
-$1.88B
2024
-$583M
2023
Net inflows of foreign direct investment
$4.54B
2024
$1.84B
2024
Net outflows of foreign direct investment
$2.79B
2024
$391M
2024
Servicing debt to the IMF, % of GNI n/a
22%
2023
Poverty at national poverty lines
20.3%
2023
27.4%
2012
Gross capital formation, % of GDP
24.4%
2024
1.9%
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/lebanon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, 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. TradeMap (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20)
  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.