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Economy of Croatia vs Oman compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $107B for Oman, ranking 75/197 and 70/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $38B (35.5% of GDP) in Oman.

Croatia vs Oman GDP by year

Croatia
Oman
1x
Year GDP, current $
Croatia Oman
2024 $92,983,810,329 $107,137,198,769
2023 $85,624,153,964 $106,174,708,037
2022 $71,196,498,671 $109,852,795,839
2021 $69,002,365,163 $87,323,797,139
2020 $57,959,843,541 $75,909,492,848
2019 $61,466,721,186 $88,060,858,257
2018 $61,667,925,219 $91,505,851,756
2017 $56,182,782,586 $80,856,697,009
2016 $52,650,714,172 $75,128,738,622
2015 $50,998,893,385 $78,710,793,238
2014 $59,606,934,501 $92,699,089,727
2013 $59,846,265,182 $89,936,020,806
2012 $57,548,115,904 $87,408,842,653
2011 $62,889,007,657 $77,497,529,259
2010 $58,975,205,417 $64,993,498,049
2009 $62,315,996,675 $55,454,096,229
2008 $68,472,854,617 $69,804,681,404
2007 $59,290,621,398 $48,300,390,117
2006 $49,583,544,860 $42,577,633,290
2005 $45,013,119,282 $35,506,892,068
2004 $41,836,292,157 $28,378,933,680
2003 $35,245,317,002 $24,733,680,104
2002 $26,757,722,429 $23,065,539,662
2001 $23,066,883,850 $22,205,721,717
2000 $22,134,411,297 $22,259,557,867
1999 $23,777,026,779 $17,832,769,831
1998 $25,890,228,430 $16,044,213,264
1997 $24,175,764,812 $18,039,791,938
1996 $24,150,978,347 $17,402,080,624
1995 $22,772,394,547 $15,722,236,671
1994 $15,062,911,617 $14,715,214,564
1993 $11,259,647,874 $14,230,429,129
1992 $10,621,169,291 $14,183,615,085
1991 $18,760,386,775 $12,918,335,501
1990 $25,650,213,280 $13,310,273,082
1989 - $9,372,171,651
1988 - $8,386,215,865
1987 - $7,811,183,095
1986 - $7,324,167,369
1985 - $10,005,645,420
1984 - $8,821,443,151
1983 - $7,932,541,691
1982 - $7,554,719,456
1981 - $7,259,120,151
1980 - $5,981,760,278
1979 - $3,733,352,635
1978 - $2,740,301,390
1977 - $2,741,169,948
1976 - $2,560,220,035
1975 - $2,096,699,189
1974 - $1,645,917,776
1973 - $483,066,991
1972 - $366,883,548
1971 - $301,010,587
1970 - $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

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

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

GDP per capita in Croatia vs Oman by year

Croatia
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $20,285 $41,740
2023 $22,184 $47,760 $21,028 $41,945
2022 $18,466 $42,125 $23,224 $42,616
2021 $17,789 $36,930 $19,403 $38,719
2020 $14,808 $31,594 $16,785 $35,163
2019 $15,564 $33,064 $19,180 $37,251
2018 $15,460 $29,789 $19,902 $37,780
2017 $13,902 $27,888 $17,820 $33,619
2016 $12,820 $25,803 $17,110 $33,334
2015 $12,284 $23,750 $18,808 $36,058
2014 $14,187 $22,706 $23,161 $44,236
2013 $14,135 $22,430 $23,458 $47,013
2012 $13,508 $21,619 $24,642 $49,989
2011 $14,692 $21,191 $25,188 $52,393
2010 $13,730 $20,139 $23,570 $55,667
2009 $14,475 $20,358 $20,656 $55,127
2008 $15,888 $21,018 $26,577 $52,841
2007 $13,756 $19,568 $18,793 $48,627
2006 $11,501 $17,629 $16,931 $46,091
2005 $10,444 $15,451 $14,435 $43,673
2004 $9,719 $14,686 $11,801 $42,142
2003 $8,190 $13,692 $10,464 $40,935
2002 $6,220 $12,775 $9,869 $41,511
2001 $5,365 $11,653 $9,612 $41,679
2000 $4,954 $10,675 $9,754 $39,443
1999 $5,269 $9,943 $7,915 $36,792
1998 $5,713 $9,890 $7,219 $36,666
1997 $5,331 $9,536 $8,235 $36,809
1996 $5,300 $8,806 $8,068 $34,661
1995 $4,929 $8,052 $7,414 $33,598
1994 $3,238 $7,337 $7,068 $31,925
1993 $2,448 $6,861 $7,039 $30,987
1992 $2,321 $7,326 $7,318 $29,773
1991 $4,001 $7,918 $6,977 $28,109
1990 $5,369 $9,526 $7,546 $26,904
1989 - - $5,591 -
1988 - - $5,279 -
1987 - - $5,204 -
1986 - - $5,182 -
1985 - - $7,549 -
1984 - - $7,070 -
1983 - - $6,714 -
1982 - - $6,759 -
1981 - - $6,866 -
1980 - - $5,974 -
1979 - - $3,934 -
1978 - - $3,044 -
1977 - - $3,205 -
1976 - - $3,143 -
1975 - - $2,692 -
1974 - - $2,203 -
1973 - - $670 -
1972 - - $524 -
1971 - - $442 -
1970 - - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Oman ranks 55th at $41,740.

Economic indicators

Croatia Oman
Gross domestic product
$93B
2024
$107B
2024
GDP rank
75/197
2024
70/197
2024
GDP growth
3.83%
2023-2024
1.63%
2023-2024
GDP per capita
$24,050
2024
$20,285
2024
GDP per capita rank
50/197
2024
57/197
2024
GDP per capita, PPP
$49,551
2024
$41,740
2024
GDP per capita PPP rank
46/197
2024
55/197
2024
Government debt
$53.5B
2024
$38B
2024
Debt-to-GDP ratio
57.6%
2024
35.5%
2024
Government debt per person
$13,844
2024
$7,204
2024
Government debt per person rank
42/185
2024
67/185
2024
Average annual personal income after taxes
$20,856
2026
$20,894
2026
Market capitalization of domestic companies
$27.8B
2024
$22.3B
2022
Number of billionaires
1
2025
2
2025
Income share by richest 10%
23.3%
2023
n/a
Income share by poorest 10%
2.9%
2023
n/a
Government expenditure, % of GDP
48%
2024
28.7%
2024
Consumer prices inflation
2.97%
2023-2024
0.6%
2023-2024
Central bank interest rate n/a
4.5%
2025
Unemployment rate
5.03%
2024
3.3%
2024
Population
3812193
5761708

Spending and national debt comparison by year

Croatia
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Croatia Oman
Government spending Government debt Government spending Government debt
2024 48% 57.6% 28.7% 35.5%
2023 46.8% 61.8% 27.5% 37.5%
2022 45% 68.5% 30.9% 41.7%
2021 48.1% 78.2% 36.5% 61.9%
2020 53.7% 86.5% 44.5% 67.9%
2019 44.3% 70.9% 38.8% 52.5%
2018 44.9% 72.8% 38.3% 44.7%
2017 44.1% 76.2% 39.4% 40.1%
2016 45.9% 79.3% 44.6% 29.3%
2015 47.5% 82.8% 44.5% 13.9%
2014 48.7% 83.2% 41.4% 4.04%
2013 47.9% 79.5% 39.3% 4.66%
2012 47.3% 68.9% 38.6% 4.59%
2011 48.6% 63.1% 34.5% 4.44%
2010 48.1% 56.8% 30.6% 5.46%
2009 49.2% 47.9% 33.4% 5.8%
2008 46.3% 38.9% 25.6% 3.2%
2007 46.3% 37.1% 30.7% 4.44%
2006 44.6% 38.4% 30.1% 7.56%
2005 46.5% 40.9% 30.6% 8.39%
2004 49% 40% 34.1% 14.5%
2003 49.6% 37.8% 34% 13%
2002 49.2% 36.5% 34.1% 15.9%
2001 50.6% 36.6% 33.3% 22.5%
2000 54.6% 35.4% 31.2% 21.7%
1999 58.9% 30% 34.2% 28.9%
1998 56.8% 23.3% 36.1% 30.9%
1997 51.7% 22.5% 32.1% 20.8%
1996 52.1% - 33.5% 21.2%
1995 50.3% - 38.2% 21.9%
1994 45.4% - 39.7% 23.6%
1993 36% - 40.1% 22.2%
1992 37.1% - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

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/oman | CC BY

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 35.5% in Oman, ranking 86/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Oman
1x
Year Deficit/surplus, % of GDP
Croatia Oman
2024 -1.95% 3.31%
2023 -0.79% 6.87%
2022 0.12% 10.5%
2021 -2.58% -3.17%
2020 -7.23% -15.7%
2019 2.31% -4.83%
2018 0.23% -6.72%
2017 0.8% -10.5%
2016 -1.04% -19.6%
2015 -3.53% -13.5%
2014 -5.19% -1.58%
2013 -5.52% 2.78%
2012 -5.46% 4.07%
2011 -7.53% 8.24%
2010 -6.46% 4.95%
2009 -7.15% -0.27%
2008 -2.34% 14.7%
2007 -2.28% 10.5%
2006 -2.01% 12.2%
2005 -3.24% 11.2%
2004 -6.09% 5.43%
2003 -5.03% 5.92%
2002 -4.9% 5.31%
2001 -4.79% 7.55%
2000 -9.2% 12.2%
1999 -11.1% 0.3%
1998 -6.36% -4.37%
1997 -4.93% 4.77%
1996 -4.41% 2.22%
1995 -4.23% -3.9%
1994 -0.82% -7.47%
1993 -2.67% -6.84%
1992 -5.69% -4.85%
1991 - 0.12%
1990 - 4.78%

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

GeoRank.org/economy/croatia/oman | 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 Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Oman ran a deficit in 14 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to surplus of 0.9% of GDP for Oman.

Inflation comparison by year

Inflation
Croatia

Oman
1x
Year Consumer prices inflation
Croatia Oman
2024 2.97% 0.6%
2023 7.94% 1%
2022 10.8% 2.5%
2021 2.55% 1.7%
2020 0.15% -0.4%
2019 0.77% 0.5%
2018 1.5% 0.7%
2017 1.13% 1.5%
2016 -1.12% 0.9%
2015 -0.46% 0.1%
2014 -0.22% 1.2%
2013 2.22% 1.3%
2012 3.41% 2.9%
2011 2.27% 4.1%
2010 1.03% 3.3%
2009 2.38% 3.5%
2008 6.08% 12.6%
2007 2.9% 5.9%
2006 3.19% 3.2%
2005 3.32% 1.9%
2004 2.06% 0.8%
2003 1.77% 0.2%
2002 1.67% -0.3%
2001 3.78% -0.8%
2000 4.61% -1.2%
1999 4.02% 0.5%
1998 6.4% 0.4%
1997 4.17% -0.4%

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/oman | CC BY

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 1.72% in Oman. In 2024, inflation was 2.97% in Croatia and 0.6% in Oman.

Top exports between countries

Croatia
Export category Export value
Machinery & equipment $2.05M
Metals $839K
Wood & paper products $658K
Textiles & consumer goods $393K
Processed food, beverages & tobacco $376K
Chemicals & pharma $215K
Raw agricultural goods $60K
Raw materials & minerals $27K
Precious metals & jewellery $3K
Oman
Export category Export value
Metals $2.51M
Machinery & equipment $1.2M
Chemicals & pharma $1.09M
Raw materials & minerals $99K
Raw agricultural goods $15K
Miscellaneous $7K
Animal & marine products $5K

Balance of trade

Croatia Oman
Current account balance
-$1.05B
2024
$3.07B
2024
Current account balance ranking
125/190
2024
39/190
2024
Current account balance, % of GDP
-1.13%
2024
+2.86%
2024
Goods imports
$41.5B
2024
$39.5B
2024
Goods exports
$21.9B
2024
$65.2B
2024
Service imports
$8.35B
2024
$12.8B
2024
Service exports
$24.7B
2024
$5.64B
2024
Imports of goods and services, % of GDP
54.8%
2024
48.8%
2024
Exports of goods and services, % of GDP
50.1%
2024
66.1%
2024

Economic freedom indices

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

Croatia Oman
Economic freedom 67.5 68.5
Economic freedom ranking 56/197 45/197
Property rights 81.1 71.8
Government integrity 52.6 49.4
Judicial effectiveness 71.7 28
Tax burden 70 97.6
Government spending 34.9 74.7
Fiscal health 92.2 97.5
Business freedom 79.6 67.8
Labor freedom 58.9 47.7
Monetary freedom 69.9 79.2
Trade freedom 79.4 78.4
Investment freedom 60 70
Financial freedom 60 60

Economic freedom comparison by year

Croatia
Oman
1x
Year Economic freedom index
Croatia Oman
2026 67.5 68.5
2025 68.7 65.4
2024 67.2 62.9
2023 66.4 58.5
2022 67.6 56.6
2021 63.6 64.6
2020 62.2 63.6
2019 61.4 61
2018 61 61
2017 59.4 62.1
2016 59.1 67.1
2015 61.5 66.7
2014 60.4 67.4
2013 61.3 68.1
2012 60.9 67.9
2011 61.1 69.8
2010 59.2 67.7
2009 55.1 67
2008 54.1 67.3
2007 53.4 65.8
2006 53.6 63.7
2005 51.9 66.5
2004 53.1 66.9
2003 53.3 64.6
2002 51.1 64
2001 50.7 67.7
2000 53.6 64.1
1999 53.1 64.9
1998 51.7 64.9
1997 46.7 64.5
1996 48 65.4
1995 - 70.2

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Oman
Services, % of GDP
60.8%
2024
46%
2024
Industry, % of GDP
19.2%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
2.6%
2024
GNI, Atlas method
$86B
2024
$103B
2024
GNI per capita, PPP
$49,740
2024
$39,340
2024
Total reserves including gold
$3.34B
2024
$18.3B
2024
Total reserves ranking
116/177
2024
64/177
2024
Net foreign direct investment
-$1.88B
2024
-$12.6B
2024
Net inflows of foreign direct investment
$4.54B
2024
$12.5B
2024
Net outflows of foreign direct investment
$2.79B
2024
-$143M
2024
Poverty at national poverty lines
20.3%
2023
n/a
Gross capital formation, % of GDP
24.4%
2024
24.8%
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/oman | 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 (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.