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Economy of Croatia vs Nigeria compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $252B for Nigeria, ranking 75/197 and 54/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $99.2B (39.3% of GDP) in Nigeria.

Croatia vs Nigeria GDP by year

Croatia
Nigeria
1x
Year GDP, current $
Croatia Nigeria
2024 $92,983,810,329 $252,261,880,141
2023 $85,624,153,964 $487,387,801,881
2022 $71,196,498,671 $646,950,257,578
2021 $69,002,365,163 $609,147,716,973
2020 $57,959,843,541 $598,586,817,819
2019 $61,466,721,186 $668,219,992,691
2018 $61,667,925,219 $421,739,251,509
2017 $56,182,782,586 $375,745,731,053
2016 $52,650,714,172 $404,649,125,252
2015 $50,998,893,385 $493,026,682,801
2014 $59,606,934,501 $574,183,763,412
2013 $59,846,265,182 $520,117,180,314
2012 $57,548,115,904 $463,971,018,239
2011 $62,889,007,657 $414,466,676,831
2010 $58,975,205,417 $366,990,417,129
2009 $62,315,996,675 $295,008,835,381
2008 $68,472,854,617 $339,476,276,258
2007 $59,290,621,398 $278,260,846,800
2006 $49,583,544,860 $238,454,997,161
2005 $45,013,119,282 $175,670,569,969
2004 $41,836,292,157 $135,764,731,646
2003 $35,245,317,002 $104,738,954,264
2002 $26,757,722,429 $95,054,059,303
2001 $23,066,883,850 $73,557,840,064
2000 $22,134,411,297 $69,171,451,627
1999 $23,777,026,779 $59,145,077,039
1998 $25,890,228,430 $218,416,200,673
1997 $24,175,764,812 $200,850,397,618
1996 $24,150,978,347 $185,730,236,700
1995 $22,772,394,547 $140,919,776,986
1994 $15,062,911,617 $80,399,613,064
1993 $11,259,647,874 $56,721,051,402
1992 $10,621,169,291 $52,058,181,854
1991 $18,760,386,775 $59,526,833,412
1990 $25,650,213,280 $54,035,795,388
1989 - $44,003,061,108
1988 - $49,648,470,440
1987 - $52,676,041,931
1986 - $54,805,852,581
1985 - $73,745,821,158
1984 - $73,484,359,521
1983 - $97,094,911,792
1982 - $142,769,363,314
1981 - $164,475,209,516
1980 - $64,201,788,123
1979 - $47,259,911,894
1978 - $36,527,862,209
1977 - $36,035,407,725
1976 - $36,308,883,249
1975 - $27,778,934,625
1974 - $24,846,641,318
1973 - $15,162,871,287
1972 - $12,274,416,018
1971 - $9,181,769,912
1970 - $12,546,094,982
1969 - $6,634,317,346
1968 - $5,200,997,920
1967 - $5,203,237,919
1966 - $6,366,917,453
1965 - $5,874,537,650
1964 - $5,552,931,319
1963 - $5,165,590,254
1962 - $4,909,399,176
1961 - $4,467,287,893
1960 - $4,196,174,502

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

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

GDP per capita in Croatia vs Nigeria by year

Croatia
GDP per capita

GDP per capita, PPP
Nigeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Nigeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $1,084 $9,087
2023 $22,184 $47,760 $2,139 $8,705
2022 $18,466 $42,125 $2,899 $8,305
2021 $17,789 $36,930 $2,787 $7,588
2020 $14,808 $31,594 $2,797 $7,415
2019 $15,564 $33,064 $3,190 $7,551
2018 $15,460 $29,789 $2,058 $7,158
2017 $13,902 $27,888 $1,876 $7,037
2016 $12,820 $25,803 $2,070 $7,072
2015 $12,284 $23,750 $2,586 $7,308
2014 $14,187 $22,706 $3,089 $7,396
2013 $14,135 $22,430 $2,873 $7,004
2012 $13,508 $21,619 $2,633 $6,671
2011 $14,692 $21,191 $2,418 $6,585
2010 $13,730 $20,139 $2,202 $6,301
2009 $14,475 $20,358 $1,820 $5,927
2008 $15,888 $21,018 $2,154 $5,607
2007 $13,756 $19,568 $1,816 $5,298
2006 $11,501 $17,629 $1,600 $4,975
2005 $10,444 $15,451 $1,211 $4,678
2004 $9,719 $14,686 $962 $4,381
2003 $8,190 $13,692 $763 $4,015
2002 $6,220 $12,775 $712 $3,770
2001 $5,365 $11,653 $566 $3,309
2000 $4,954 $10,675 $547 $3,139
1999 $5,269 $9,943 $481 $3,002
1998 $5,713 $9,890 $1,822 $3,022
1997 $5,331 $9,536 $1,720 $2,990
1996 $5,300 $8,806 $1,633 $2,931
1995 $4,929 $8,052 $1,272 $2,835
1994 $3,238 $7,337 $745 $2,853
1993 $2,448 $6,861 $540 $2,921
1992 $2,321 $7,326 $509 $2,991
1991 $4,001 $7,918 $597 $2,870
1990 $5,369 $9,526 $556 $2,840
1989 - - $465 -
1988 - - $540 -
1987 - - $588 -
1986 - - $628 -
1985 - - $869 -
1984 - - $890 -
1983 - - $1,207 -
1982 - - $1,822 -
1981 - - $2,162 -
1980 - - $870 -
1979 - - $661 -
1978 - - $527 -
1977 - - $536 -
1976 - - $556 -
1975 - - $438 -
1974 - - $403 -
1973 - - $252.4 -
1972 - - $209.5 -
1971 - - $160.5 -
1970 - - $224.5 -
1969 - - $121.4 -
1968 - - $97.3 -
1967 - - $99.5 -
1966 - - $124.4 -
1965 - - $117.3 -
1964 - - $113.3 -
1963 - - $107.7 -
1962 - - $104.5 -
1961 - - $97.1 -
1960 - - $93.1 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $1,084 in Nigeria, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Nigeria ranks 136th at $9,087.

Economic indicators

Croatia Nigeria
Gross domestic product
$93B
2024
$252B
2024
GDP rank
75/197
2024
54/197
2024
GDP growth
3.83%
2023-2024
4.06%
2023-2024
GDP per capita
$24,050
2024
$1,084
2024
GDP per capita rank
50/197
2024
174/197
2024
GDP per capita, PPP
$49,551
2024
$9,087
2024
GDP per capita PPP rank
46/197
2024
136/197
2024
Government debt
$53.5B
2024
$99.2B
2024
Debt-to-GDP ratio
57.6%
2024
39.3%
2024
Government debt per person
$13,844
2024
$426
2024
Government debt per person rank
42/185
2024
170/185
2024
Average annual personal income after taxes
$20,856
2026
$1,104
2026
Market capitalization of domestic companies
$27.8B
2024
$54.4B
2024
Number of billionaires
1
2025
4
2025
Income share by richest 10%
23.3%
2023
26.3%
2022
Income share by poorest 10%
2.9%
2023
3%
2022
Government expenditure, % of GDP
48%
2024
12.3%
2024
Consumer prices inflation
2.97%
2023-2024
33.2%
2023-2024
Central bank interest rate n/a
27%
2025
Unemployment rate
5.03%
2024
3.45%
2024
Population
3812193
243824469

Spending and national debt comparison by year

Croatia
Spending

Debt
Nigeria
Spending

Debt
1x
Year % of GDP
Croatia Nigeria
Government spending Government debt Government spending Government debt
2024 48% 57.6% 12.3% 39.3%
2023 46.8% 61.8% 10.4% 36.3%
2022 45% 68.5% 10.6% 29.8%
2021 48.1% 78.2% 9.09% 26.6%
2020 53.7% 86.5% 8.73% 25.7%
2019 44.3% 70.9% 8.87% 21.4%
2018 44.9% 72.8% 9.1% 20.4%
2017 44.1% 76.2% 8.51% 18%
2016 45.9% 79.3% 6.93% 17.4%
2015 47.5% 82.8% 7.85% 14.9%
2014 48.7% 83.2% 9.49% 12.9%
2013 47.9% 79.5% 10% 13%
2012 47.3% 68.9% 10.5% 12.5%
2011 48.6% 63.1% 12.3% 12.4%
2010 48.1% 56.8% 11.8% 6.67%
2009 49.2% 47.9% 11% 6.12%
2008 46.3% 38.9% 10.2% 5.17%
2007 46.3% 37.1% 12.9% 5.76%
2006 44.6% 38.4% 8.75% 6.68%
2005 46.5% 40.9% 12.6% 13.4%
2004 49% 40% 13% 25.2%
2003 49.6% 37.8% 16.5% 29.9%
2002 49.2% 36.5% 13.8% 30.7%
2001 50.6% 36.6% 21.9% 37.7%
2000 54.6% 35.4% 17.6% 40.9%
1999 58.9% 30% 14.9% 46.1%
1998 56.8% 23.3% 11.2% 15.8%
1997 51.7% 22.5% 9.68% 17.1%
1996 52.1% - 7.87% 17.9%
1995 50.3% - 8.87% 24.2%
1994 45.4% - 12.1% 39.7%
1993 36% - 20% 50.4%
1992 37.1% - 15.9% 49.8%
1991 - - 13.6% 53.2%
1990 - - 14.2% 50.9%

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/nigeria | CC BY

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Nigeria spent $31.1B, or 12.3% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 39.3% in Nigeria, ranking 86/185 and 135/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Nigeria
1x
Year Deficit/surplus, % of GDP
Croatia Nigeria
2024 -1.95% -1.57%
2023 -0.79% -3.12%
2022 0.12% -4%
2021 -2.58% -3.97%
2020 -7.23% -4.03%
2019 2.31% -3.31%
2018 0.23% -3.06%
2017 0.8% -3.85%
2016 -1.04% -3.3%
2015 -3.53% -2.7%
2014 -5.19% -1.72%
2013 -5.52% -1.89%
2012 -5.46% -0.09%
2011 -7.53% 0.31%
2010 -6.46% -2.96%
2009 -7.15% -3.78%
2008 -2.34% 4.05%
2007 -2.28% -0.79%
2006 -2.01% 6.22%
2005 -3.24% 3.49%
2004 -6.09% 3.9%
2003 -5.03% -1.56%
2002 -4.9% 0.95%
2001 -4.79% -2.29%
2000 -9.2% 2.89%
1999 -11.1% -1.39%
1998 -6.36% -3.47%
1997 -4.93% 1.14%
1996 -4.41% 3.37%
1995 -4.23% 2.52%
1994 -0.82% -2.96%
1993 -2.67% -6.07%
1992 -5.69% 0.94%
1991 - -1.18%
1990 - -0.48%

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

GeoRank.org/economy/croatia/nigeria | 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 Nigeria's deficit of $3.95B, or 1.57% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Nigeria ran a deficit in 22 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 0.97% of GDP for Nigeria.

Inflation comparison by year

Inflation
Croatia

Nigeria
1x
Year Consumer prices inflation
Croatia Nigeria
2024 2.97% 33.2%
2023 7.94% 24.7%
2022 10.8% 18.8%
2021 2.55% 17%
2020 0.15% 13.2%
2019 0.77% 11.4%
2018 1.5% 12.1%
2017 1.13% 16.5%
2016 -1.12% 15.7%
2015 -0.46% 9.01%
2014 -0.22% 8.05%
2013 2.22% 8.5%
2012 3.41% 12.2%
2011 2.27% 10.8%
2010 1.03% 13.7%
2009 2.38% 12.5%
2008 6.08% 11.6%
2007 2.9% 5.39%
2006 3.19% 8.23%
2005 3.32% 17.9%
2004 2.06% 15%
2003 1.77% 14%
2002 1.67% 12.9%
2001 3.78% 18.9%
2000 4.61% 6.93%
1999 4.02% 6.62%
1998 6.4% 10%
1997 4.17% 8.53%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 13.3% in Nigeria. In 2024, inflation was 2.97% in Croatia and 33.2% in Nigeria.

Top exports between countries

Croatia
Export category Export value
Textiles & consumer goods $16.2M
Transport & tourism services $1.61M
IT & IP services $1.05M
Weapons & explosives $757K
Machinery & equipment $623K
Business & finance services $473K
Processed food, beverages & tobacco $250K
Raw materials & minerals $200K
Animal & marine products $96K
Chemicals & pharma $37K
Nigeria
Export category Export value
Raw materials & minerals $61.8M
Chemicals & pharma $1.76M
Raw agricultural goods $598K
Metals $78K
Processed food, beverages & tobacco $44K
Wood & paper products $34K

Balance of trade

Croatia Nigeria
Current account balance
-$1.05B
2024
$17.2B
2024
Current account balance ranking
125/190
2024
20/190
2024
Current account balance, % of GDP
-1.13%
2024
+6.82%
2024
Goods imports
$41.5B
2024
$39.8B
2024
Goods exports
$21.9B
2024
$53B
2024
Service imports
$8.35B
2024
$17.9B
2024
Service exports
$24.7B
2024
$4.57B
2024
Imports of goods and services, % of GDP
54.8%
2024
16.9%
1960
Exports of goods and services, % of GDP
50.1%
2024
9.24%
1960

Economic freedom indices

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

Croatia Nigeria
Economic freedom 67.5 54.8
Economic freedom ranking 56/197 132/197
Property rights 81.1 29.7
Government integrity 52.6 23.5
Judicial effectiveness 71.7 34.4
Tax burden 70 84.6
Government spending 34.9 96.3
Fiscal health 92.2 83.5
Business freedom 79.6 50.3
Labor freedom 58.9 75.4
Monetary freedom 69.9 56.1
Trade freedom 79.4 64.4
Investment freedom 60 30
Financial freedom 60 30

Economic freedom comparison by year

Croatia
Nigeria
1x
Year Economic freedom index
Croatia Nigeria
2026 67.5 54.8
2025 68.7 53.4
2024 67.2 53.1
2023 66.4 53.9
2022 67.6 54.4
2021 63.6 58.7
2020 62.2 57.2
2019 61.4 57.3
2018 61 58.5
2017 59.4 57.1
2016 59.1 57.5
2015 61.5 55.6
2014 60.4 54.3
2013 61.3 55.1
2012 60.9 56.3
2011 61.1 56.7
2010 59.2 56.8
2009 55.1 55.1
2008 54.1 55.1
2007 53.4 55.6
2006 53.6 48.7
2005 51.9 48.4
2004 53.1 49.2
2003 53.3 49.5
2002 51.1 50.9
2001 50.7 49.6
2000 53.6 53.1
1999 53.1 55.7
1998 51.7 52.3
1997 46.7 52.8
1996 48 47.4
1995 - 47.3

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 54.8 for Nigeria, ranking 132/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Nigeria
Services, % of GDP
60.8%
2024
53.7%
2024
Industry, % of GDP
19.2%
2024
18.2%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
25.9%
2024
GNI, Atlas method
$86B
2024
$396B
2024
GNI per capita, PPP
$49,740
2024
$8,850
2024
Total reserves including gold
$3.34B
2024
$38.6B
2024
Total reserves ranking
116/177
2024
51/177
2024
Net foreign direct investment
-$1.88B
2024
-$672M
2024
Net inflows of foreign direct investment
$4.54B
2024
$1.08B
2024
Net outflows of foreign direct investment
$2.79B
2024
$408M
2024
Servicing debt to the IMF, % of GNI n/a
5.48%
2024
Poverty at national poverty lines
20.3%
2023
56.2%
2023
Gross capital formation, % of GDP
24.4%
2024
n/a

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/nigeria | 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. TradeMap (2021–2024, 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.

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.