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Economy of Croatia vs Lithuania compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $84.9B for Lithuania, ranking 75/197 and 79/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $32.4B (38.2% of GDP) in Lithuania.

Croatia vs Lithuania GDP by year

Croatia
Lithuania
1x
Year GDP, current $
Croatia Lithuania
2024 $92,983,810,329 $84,869,215,513
2023 $85,624,153,964 $79,789,877,416
2022 $71,196,498,671 $71,033,884,500
2021 $69,002,365,163 $67,037,321,009
2020 $57,959,843,541 $57,412,038,533
2019 $61,466,721,186 $55,122,066,226
2018 $61,667,925,219 $54,261,795,149
2017 $56,182,782,586 $47,756,764,508
2016 $52,650,714,172 $42,970,749,245
2015 $50,998,893,385 $41,540,954,817
2014 $59,606,934,501 $48,306,546,657
2013 $59,846,265,182 $46,303,660,422
2012 $57,548,115,904 $42,709,372,067
2011 $62,889,007,657 $43,186,501,863
2010 $58,975,205,417 $36,638,128,534
2009 $62,315,996,675 $37,494,380,039
2008 $68,472,854,617 $47,831,254,208
2007 $59,290,621,398 $39,729,151,615
2006 $49,583,544,860 $30,116,192,747
2005 $45,013,119,282 $26,105,207,115
2004 $41,836,292,157 $22,743,164,431
2003 $35,245,317,002 $18,809,197,970
2002 $26,757,722,429 $14,282,292,665
2001 $23,066,883,850 $12,260,761,329
2000 $22,134,411,297 $11,550,695,727
1999 $23,777,026,779 $11,022,095,814
1998 $25,890,228,430 $11,289,161,847
1997 $24,175,764,812 $10,168,271,903
1996 $24,150,978,347 $8,430,207,164
1995 $22,772,394,547 $7,921,210,340
1994 $15,062,911,617 -
1993 $11,259,647,874 -
1992 $10,621,169,291 -
1991 $18,760,386,775 -
1990 $25,650,213,280 -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Croatia vs Lithuania by year

Croatia
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $29,384 $55,286
2023 $22,184 $47,760 $27,786 $52,348
2022 $18,466 $42,125 $25,086 $50,936
2021 $17,789 $36,930 $23,870 $45,874
2020 $14,808 $31,594 $20,429 $41,263
2019 $15,564 $33,064 $19,609 $40,564
2018 $15,460 $29,789 $19,247 $36,492
2017 $13,902 $27,888 $16,800 $31,305
2016 $12,820 $25,803 $14,934 $28,699
2015 $12,284 $23,750 $14,270 $26,949
2014 $14,187 $22,706 $16,446 $26,275
2013 $14,135 $22,430 $15,637 $24,890
2012 $13,508 $21,619 $14,288 $23,275
2011 $14,692 $21,191 $14,262 $21,558
2010 $13,730 $20,139 $11,829 $18,719
2009 $14,475 $20,358 $11,854 $17,055
2008 $15,888 $21,018 $14,956 $19,410
2007 $13,756 $19,568 $12,295 $17,969
2006 $11,501 $17,629 $9,210 $15,522
2005 $10,444 $15,451 $7,857 $13,951
2004 $9,719 $14,686 $6,735 $12,605
2003 $8,190 $13,692 $5,507 $11,660
2002 $6,220 $12,775 $4,148 $10,296
2001 $5,365 $11,653 $3,533 $9,399
2000 $4,954 $10,675 $3,301 $8,475
1999 $5,269 $9,943 $3,128 $7,918
1998 $5,713 $9,890 $3,181 $7,846
1997 $5,331 $9,536 $2,844 $7,167
1996 $5,300 $8,806 $2,341 $6,479
1995 $4,929 $8,052 $2,183 $6,023
1994 $3,238 $7,337 - $5,667
1993 $2,448 $6,861 - $6,107
1992 $2,321 $7,326 - $7,087
1991 $4,001 $7,918 - $8,790
1990 $5,369 $9,526 - $9,030

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $29,384 in Lithuania, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Lithuania ranks 39th at $55,286.

Economic indicators

Croatia Lithuania
Gross domestic product
$93B
2024
$84.9B
2024
GDP rank
75/197
2024
79/197
2024
GDP growth
3.83%
2023-2024
2.77%
2023-2024
GDP per capita
$24,050
2024
$29,384
2024
GDP per capita rank
50/197
2024
43/197
2024
GDP per capita, PPP
$49,551
2024
$55,286
2024
GDP per capita PPP rank
46/197
2024
39/197
2024
Government debt
$53.5B
2024
$32.4B
2024
Debt-to-GDP ratio
57.6%
2024
38.2%
2024
Government debt per person
$13,844
2024
$11,232
2024
Government debt per person rank
42/185
2024
49/185
2024
Average annual personal income after taxes
$20,856
2026
$19,946
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
27.3%
2023
Income share by poorest 10%
2.9%
2023
2.2%
2023
Government expenditure, % of GDP
48%
2024
39.5%
2024
Consumer prices inflation
2.97%
2023-2024
0.72%
2023-2024
Unemployment rate
5.03%
2024
7.1%
2024
Population
3812193
2829914

Spending and national debt comparison by year

Croatia
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
Croatia Lithuania
Government spending Government debt Government spending Government debt
2024 48% 57.6% 39.5% 38.2%
2023 46.8% 61.8% 37.4% 37.3%
2022 45% 68.5% 36.3% 38.1%
2021 48.1% 78.2% 37.3% 43.3%
2020 53.7% 86.5% 42.4% 45.9%
2019 44.3% 70.9% 34.6% 35.6%
2018 44.9% 72.8% 33.8% 33.3%
2017 44.1% 76.2% 33.4% 39.3%
2016 45.9% 79.3% 34.5% 40%
2015 47.5% 82.8% 35.2% 42.6%
2014 48.7% 83.2% 35% 40.7%
2013 47.9% 79.5% 35.7% 38.9%
2012 47.3% 68.9% 36.6% 39.9%
2011 48.6% 63.1% 40.1% 37.5%
2010 48.1% 56.8% 43% 36.7%
2009 49.2% 47.9% 44.8% 27.9%
2008 46.3% 38.9% 38.2% 14.6%
2007 46.3% 37.1% 35.3% 15.9%
2006 44.6% 38.4% 34.4% 17.3%
2005 46.5% 40.9% 34.1% 17.6%
2004 49% 40% 33.9% 18.6%
2003 49.6% 37.8% 32.8% 20.4%
2002 49.2% 36.5% 34.4% 22.1%
2001 50.6% 36.6% 36.5% 22.9%
2000 54.6% 35.4% 38.7% 23.5%
1999 58.9% 30% 42.4% 28%
1998 56.8% 23.3% 39.6% 21.7%
1997 51.7% 22.5% 35% -
1996 52.1% - 34.4% -
1995 50.3% - 35.5% -
1994 45.4% - - -
1993 36% - - -
1992 37.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Lithuania spent $33.5B, or 39.5% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 38.2% in Lithuania, ranking 86/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Lithuania
1x
Year Deficit/surplus, % of GDP
Croatia Lithuania
2024 -1.95% -1.28%
2023 -0.79% -0.69%
2022 0.12% -0.72%
2021 -2.58% -1.15%
2020 -7.23% -6.42%
2019 2.31% 0.41%
2018 0.23% 0.52%
2017 0.8% 0.36%
2016 -1.04% 0.03%
2015 -3.53% -0.77%
2014 -5.19% -1.79%
2013 -5.52% -2.69%
2012 -5.46% -3.15%
2011 -7.53% -5.92%
2010 -6.46% -6.95%
2009 -7.15% -9.09%
2008 -2.34% -3.09%
2007 -2.28% -0.82%
2006 -2.01% -0.27%
2005 -3.24% -0.34%
2004 -6.09% -1.39%
2003 -5.03% -1.26%
2002 -4.9% -1.85%
2001 -4.79% -3.52%
2000 -9.2% -3.18%
1999 -11.1% -7.82%
1998 -6.36% -4.93%
1997 -4.93% -0.76%
1996 -4.41% -3.59%
1995 -4.23% -3.31%
1994 -0.82% -
1993 -2.67% -
1992 -5.69% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/croatia/lithuania | 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 Lithuania's deficit of $1.09B, or 1.28% of GDP.

Over the past 30 years, Croatia recorded a fiscal deficit in 26 of those years, while Lithuania ran a deficit in 26 years. On average, Croatia posted an annual deficit equal to 4.06% of GDP, compared to deficit of 2.51% of GDP for Lithuania.

Inflation comparison by year

Inflation
Croatia

Lithuania
1x
Year Consumer prices inflation
Croatia Lithuania
2024 2.97% 0.72%
2023 7.94% 9.12%
2022 10.8% 19.7%
2021 2.55% 4.68%
2020 0.15% 1.2%
2019 0.77% 2.33%
2018 1.5% 2.7%
2017 1.13% 3.72%
2016 -1.12% 0.91%
2015 -0.46% -0.88%
2014 -0.22% 0.1%
2013 2.22% 1.05%
2012 3.41% 3.09%
2011 2.27% 4.13%
2010 1.03% 1.32%
2009 2.38% 4.45%
2008 6.08% 10.9%
2007 2.9% 5.74%
2006 3.19% 3.74%
2005 3.32% 2.66%
2004 2.06% 1.16%
2003 1.77% -1.13%
2002 1.67% 0.28%
2001 3.78% 1.37%
2000 4.61% 0.98%
1999 4.02% 0.73%
1998 6.4% 5.07%
1997 4.17% 8.88%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 3.53% in Lithuania. In 2024, inflation was 2.97% in Croatia and 0.72% in Lithuania.

Top exports between countries

Croatia
Export category Export value
Wood & paper products $30.5M
Chemicals & pharma $21.2M
Machinery & equipment $18.4M
Transport & tourism services $9.85M
Textiles & consumer goods $9.62M
Processed food, beverages & tobacco $7.56M
Manufacturing & construction services $5.41M
Business & finance services $5.41M
IT & IP services $2.28M
Metals $1.37M
Lithuania
Export category Export value
Machinery & equipment $23M
Processed food, beverages & tobacco $18M
Animal & marine products $9.8M
Business & finance services $9.69M
Raw materials & minerals $8.82M
Textiles & consumer goods $7.98M
Chemicals & pharma $7.31M
Wood & paper products $2.65M
Metals $1.9M
Manufacturing & construction services $996K

Balance of trade

Croatia Lithuania
Current account balance
-$1.05B
2024
$2.77B
2024
Current account balance ranking
125/190
2024
41/190
2024
Current account balance, % of GDP
-1.13%
2024
+3.27%
2024
Goods imports
$41.5B
2024
$43.8B
2024
Goods exports
$21.9B
2024
$38.9B
2024
Service imports
$8.35B
2024
$14.7B
2024
Service exports
$24.7B
2024
$24.3B
2024
Imports of goods and services, % of GDP
54.8%
2024
68.9%
2024
Exports of goods and services, % of GDP
50.1%
2024
74.1%
2024

Economic freedom indices

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

Croatia Lithuania
Economic freedom 67.5 75.3
Economic freedom ranking 56/197 18/197
Property rights 81.1 91.8
Government integrity 52.6 71.4
Judicial effectiveness 71.7 73.2
Tax burden 70 76.2
Government spending 34.9 57.3
Fiscal health 92.2 95.8
Business freedom 79.6 84.2
Labor freedom 58.9 58.1
Monetary freedom 69.9 76.7
Trade freedom 79.4 79.4
Investment freedom 60 70
Financial freedom 60 70

Economic freedom comparison by year

Croatia
Lithuania
1x
Year Economic freedom index
Croatia Lithuania
2026 67.5 75.3
2025 68.7 74.6
2024 67.2 72.9
2023 66.4 72.2
2022 67.6 75.8
2021 63.6 76.9
2020 62.2 76.7
2019 61.4 74.2
2018 61 75.3
2017 59.4 75.8
2016 59.1 75.2
2015 61.5 74.7
2014 60.4 73
2013 61.3 72.1
2012 60.9 71.5
2011 61.1 71.3
2010 59.2 70.3
2009 55.1 70
2008 54.1 70.9
2007 53.4 71.5
2006 53.6 71.8
2005 51.9 70.5
2004 53.1 72.4
2003 53.3 69.7
2002 51.1 66.1
2001 50.7 65.5
2000 53.6 61.9
1999 53.1 61.5
1998 51.7 59.4
1997 46.7 57.3
1996 48 49.7

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Lithuania
Services, % of GDP
60.8%
2024
63.6%
2024
Industry, % of GDP
19.2%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
2.57%
2024
GNI, Atlas method
$86B
2024
$78.4B
2024
GNI per capita, PPP
$49,740
2024
$53,920
2024
Total reserves including gold
$3.34B
2024
$7.41B
2024
Total reserves ranking
116/177
2024
86/177
2024
Net foreign direct investment
-$1.88B
2024
-$3.91B
2024
Net inflows of foreign direct investment
$4.54B
2024
$4.7B
2024
Net outflows of foreign direct investment
$2.79B
2024
$795M
2024
Poverty at national poverty lines
20.3%
2023
20.9%
2021
Gross capital formation, % of GDP
24.4%
2024
20.4%
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/lithuania | 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 (1992–2024, 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 (2022–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-02-20)

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.