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Economy of Croatia vs Saudi Arabia compared: GDP & Debt

Updated on by Georank

Croatia has a GDP of $105B compared to $1.28T for Saudi Arabia, ranking 73/197 and 19/197 by economy size, respectively.

Croatia has $58.7B in government debt (55.9% of GDP), compared to $405B (31.7% of GDP) in Saudi Arabia.

Croatia vs Saudi Arabia GDP by year

Croatia
Saudi Arabia
1x
Year GDP, current $
Croatia Saudi Arabia
2025 $105,060,182,186 $1,276,942,933,333
2024 $92,981,894,168 $1,254,140,800,000
2023 $85,621,337,533 $1,218,584,800,000
2022 $71,196,460,237 $1,239,075,200,000
2021 $69,002,262,505 $982,661,066,667
2020 $57,959,824,238 $767,951,200,000
2019 $61,467,261,345 $888,890,133,333
2018 $61,668,280,700 $886,564,800,000
2017 $56,182,225,079 $741,266,133,333
2016 $52,650,804,052 $689,279,466,667
2015 $50,999,271,059 $693,414,400,000
2014 $59,607,109,597 $787,153,066,667
2013 $59,846,869,999 $769,755,733,333
2012 $57,547,495,860 $751,921,333,333
2011 $62,889,150,894 $680,660,800,000
2010 $58,975,127,201 $528,207,466,667
2009 $62,315,450,611 $429,097,866,667
2008 $68,473,103,477 $519,796,800,000
2007 $59,290,547,254 $415,964,509,673
2006 $49,583,643,048 $376,900,133,511
2005 $45,012,776,906 $328,459,608,764
2004 $41,836,096,243 $258,742,133,333
2003 $35,244,797,329 $215,807,733,333
2002 $26,757,633,353 $189,605,866,667
2001 $23,067,071,478 $184,137,600,000
2000 $22,134,069,750 $189,514,933,333
1999 $23,776,940,769 $161,717,066,667
1998 $25,889,813,449 $146,775,466,667
1997 $24,175,272,572 $165,963,684,913
1996 $24,151,469,717 $158,662,483,311
1995 $22,772,224,146 $143,343,124,166
1994 $15,062,911,617 $135,174,899,866
1993 $11,259,647,874 $132,967,957,276
1992 $10,621,169,291 $137,087,850,467
1991 $18,760,386,775 $132,223,230,975
1990 $25,650,213,280 $117,630,173,565
1989 - $95,344,459,279
1988 - $88,256,074,766
1987 - $85,695,861,148
1986 - $86,961,922,765
1985 - $103,897,846,494
1984 - $119,624,858,116
1983 - $129,171,635,311
1982 - $153,240,313,858
1981 - $184,291,360,139
1980 - $164,539,660,725
1979 - $111,858,444,786
1978 - $80,266,516,687
1977 - $74,188,986,586
1976 - $64,005,665,722
1975 - $46,773,208,643
1974 - $45,412,957,746
1973 - $14,947,435,499
1972 - $9,664,267,087
1971 - $7,184,806,909
1970 - $5,377,333,333
1969 - $4,485,777,644
1968 - $4,187,777,711
1967 - $3,257,022,223
1966 - $2,920,555,557
1965 - $2,647,955,558
1964 - $2,371,808,713
1963 - $2,207,393,172
1962 - $2,130,606,532
1961 - $1,920,811,284
1960 - $1,748,124,064

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/croatia/saudi-arabia | CC BY

GDP per capita in Croatia vs Saudi Arabia by year

Croatia
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $27,104 - $34,537 -
2024 $24,050 $49,551 $35,528 $71,375
2023 $22,183 $47,760 $36,157 $71,565
2022 $18,466 $42,125 $38,510 $71,968
2021 $17,789 $36,930 $31,921 $62,690
2020 $14,808 $31,594 $24,339 $47,518
2019 $15,564 $33,064 $29,567 $59,560
2018 $15,460 $29,789 $29,360 $59,378
2017 $13,902 $27,888 $23,929 $53,120
2016 $12,820 $25,803 $22,268 $49,937
2015 $12,284 $23,750 $23,256 $53,931
2014 $14,187 $22,706 $27,805 $62,578
2013 $14,135 $22,430 $27,865 $62,203
2012 $13,508 $21,619 $28,733 $65,034
2011 $14,692 $21,191 $27,127 $64,125
2010 $13,730 $20,139 $22,028 $58,829
2009 $14,475 $20,358 $17,718 $54,787
2008 $15,888 $21,018 $22,320 $57,236
2007 $13,756 $19,568 $18,596 $55,030
2006 $11,501 $17,629 $17,564 $54,639
2005 $10,443 $15,451 $15,976 $53,548
2004 $9,719 $14,686 $13,154 $51,225
2003 $8,190 $13,692 $11,487 $48,078
2002 $6,220 $12,775 $10,586 $45,466
2001 $5,365 $11,653 $10,805 $47,381
2000 $4,954 $10,675 $11,715 $48,644
1999 $5,269 $9,943 $10,452 $47,495
1998 $5,712 $9,890 $9,836 $48,867
1997 $5,331 $9,536 $11,545 $48,796
1996 $5,300 $8,806 $11,472 $48,569
1995 $4,929 $8,052 $10,786 $48,052
1994 $3,238 $7,337 $10,602 $48,904
1993 $2,448 $6,861 $10,885 $49,503
1992 $2,321 $7,326 $11,730 $50,355
1991 $4,001 $7,918 $11,847 $49,295
1990 $5,369 $9,526 $11,055 $46,214
1989 - - $9,414 -
1988 - - $9,165 -
1987 - - $9,386 -
1986 - - $10,078 -
1985 - - $12,745 -
1984 - - $15,541 -
1983 - - $17,810 -
1982 - - $22,454 -
1981 - - $28,703 -
1980 - - $27,206 -
1979 - - $19,612 -
1978 - - $14,914 -
1977 - - $14,595 -
1976 - - $13,313 -
1975 - - $10,266 -
1974 - - $10,503 -
1973 - - $3,640 -
1972 - - $2,474 -
1971 - - $1,929 -
1970 - - $1,509 -
1969 - - $1,313 -
1968 - - $1,276 -
1967 - - $1,032 -
1966 - - $961 -
1965 - - $904 -
1964 - - $840 -
1963 - - $812 -
1962 - - $813 -
1961 - - $760 -
1960 - - $718 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/croatia/saudi-arabia | CC BY

Croatia's GDP per capita is $27,104, ranking 49/197, compared to $34,537 in Saudi Arabia, ranking 36/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Croatia Saudi Arabia
Gross domestic product
$105B
2025
$1.28T
2025
GDP rank
73/197
2025
19/197
2025
GDP growth
3.4%
2024-2025
4.5%
2024-2025
GDP per capita
$27,104
2025
$34,537
2025
GDP per capita rank
49/197
2025
36/197
2025
GDP per capita, PPP
$49,551
2024
$71,375
2024
GDP per capita PPP rank
46/197
2024
24/197
2024
Government debt
$58.7B
2025
$405B
2025
Debt-to-GDP ratio
55.9%
2025
31.7%
2025
Government debt per person
$15,144
2025
$10,956
2025
Government debt per person rank
44/185
2025
57/185
2025
Average annual personal income after taxes
$20,376
2026
$22,010
2026
Market capitalization of domestic companies
$37.9B
2025
$2.36T
2025
Number of millionaires n/a
348,000
2026
Number of billionaires
1
2026
15
2026
Income share by richest 10%
23.3%
2023
n/a
Income share by poorest 10%
2.9%
2023
n/a
Government expenditure, % of GDP
49.3%
2025
29%
2025
Consumer prices inflation
3.69%
2024-2025
2.08%
2024-2025
Central bank interest rate n/a
4.25%
2025
Unemployment rate
4.9%
2025
3.24%
2025
Population
3849788
37955120

Spending and national debt comparison by year

Croatia
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Croatia Saudi Arabia
Government spending Government debt Government spending Government debt
2025 49.3% 55.9% 29% 31.7%
2024 48% 57.4% 29.2% 25.9%
2023 46.3% 60.9% 28.3% 23%
2022 45% 68.5% 25.3% 21.3%
2021 48.2% 78.2% 28.2% 25.5%
2020 53.8% 86.5% 37.4% 29.7%
2019 44.4% 70.9% 31.8% 20.3%
2018 45% 72.8% 32.4% 16.8%
2017 44.1% 76.2% 30.9% 15.9%
2016 45.9% 79.3% 33.3% 12.2%
2015 47.6% 82.8% 38.5% 5.47%
2014 48.7% 83.2% 38.6% 1.5%
2013 48% 79.5% 34.5% 2.08%
2012 47.3% 68.9% 32.5% 2.97%
2011 48.6% 63.1% 32.4% 5.31%
2010 48.2% 56.8% 33% 8.43%
2009 49.3% 47.9% 37.1% 14%
2008 46.3% 38.9% 26.7% 12.1%
2007 46.4% 37.1% 29.5% 17.1%
2006 44.6% 38.4% 27.3% 25.8%
2005 46.5% 40.9% 28.2% 37.3%
2004 49% 40% 31.1% 62.9%
2003 49.6% 37.8% 33.1% 81.6%
2002 49.2% 36.5% 35.9% 96.4%
2001 50.6% 36.6% 36.9% 93.1%
2000 54.6% 35.4% 33.1% 86.7%
1999 58.9% 30% 30.3% 103%
1998 56.8% 23.3% 34.5% 101.5%
1997 51.7% 22.5% 35.6% 76.7%
1996 52.1% - 33.3% 75.2%
1995 50.3% - 32.4% 74.2%
1994 45.4% - 33.8% 67.9%
1993 35.9% - 37.7% 58.6%
1992 37.1% - 41.2% 47.8%
1991 - - 34.9% 39.4%
1990 - - 39.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-07-08).

GeoRank.org/economy/croatia/saudi-arabia | CC BY

In 2025, Croatia's government spending was $51.8B, accounting for 49.3% of its GDP, while Saudi Arabia spent $370B, or 29% of GDP.

Debt-to-GDP ratio is 55.9% in Croatia and 31.7% in Saudi Arabia, ranking 87/185 and 151/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Croatia Saudi Arabia
2025 -2.89% -5.77%
2024 -1.95% -2.46%
2023 -0.79% -1.77%
2022 0.14% 2.24%
2021 -2.57% -1.99%
2020 -7.24% -10.2%
2019 2.32% -3.96%
2018 0.22% -5.21%
2017 0.81% -8.57%
2016 -1.04% -13.2%
2015 -3.53% -14.9%
2014 -5.19% -3.4%
2013 -5.51% 5.47%
2012 -5.46% 11.7%
2011 -7.51% 11.4%
2010 -6.45% 4.39%
2009 -7.15% -5.38%
2008 -2.33% 29.8%
2007 -2.27% 11.8%
2006 -2% 20.8%
2005 -3.24% 18%
2004 -6.09% 9.72%
2003 -5.03% 1.2%
2002 -4.9% -5.91%
2001 -4.79% -3.91%
2000 -9.2% 3.18%
1999 -11.1% -5.99%
1998 -6.36% -8.88%
1997 -4.93% -2.51%
1996 -4.41% -3.25%
1995 -4.23% -5.12%
1994 -0.82% -8.31%
1993 -2.67% -9.33%
1992 -5.69% -8.12%
1991 - -3.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/croatia/saudi-arabia | CC BY

In 2025, Croatia's government deficit, the difference between spending and revenue, was $3.04B, equivalent to 2.89% of GDP. This compares to Saudi Arabia's deficit of $73.7B, or 5.77% of GDP.

Over the past 34 years, Croatia recorded a fiscal deficit in 30 of those years, while Saudi Arabia ran a deficit in 22 years. On average, Croatia posted an annual deficit equal to 3.94% of GDP, compared to deficit of 0.25% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Croatia

Saudi Arabia
1x
Year Consumer prices inflation
Croatia Saudi Arabia
2025 3.69% 2.08%
2024 2.97% 1.69%
2023 7.94% 2.33%
2022 10.8% 2.47%
2021 2.55% 3.06%
2020 0.15% 3.37%
2019 0.77% -1.19%
2018 1.5% 2.47%
2017 1.13% -0.83%
2016 -1.12% 2.05%
2015 -0.46% 1.22%
2014 -0.22% 2.24%
2013 2.22% 3.51%
2012 3.41% 2.87%
2011 2.27% 5.83%
2010 1.03% 5.34%
2009 2.38% 5.06%
2008 6.08% 9.87%
2007 2.9% 4.17%
2006 3.19% 2.21%
2005 3.32% 0.48%
2004 2.06% 0.52%
2003 1.77% 0.61%
2002 1.67% 0.25%
2001 3.78% -1.12%
2000 4.61% -1.12%
1999 4.02% -1.33%
1998 6.4% -0.37%
1997 4.17% 0.06%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/croatia/saudi-arabia | CC BY

Over the past 29 years, Croatia has recorded an average annual inflation rate of 2.93%, compared with 1.99% in Saudi Arabia. In 2025, inflation was 3.69% in Croatia and 2.08% in Saudi Arabia.

Top exports between countries

Croatia
Export category Export value
Textiles & consumer goods $40.4M
Machinery & equipment $36M
Wood & paper products $28.6M
Processed food, beverages & tobacco $16.7M
Metals $7.94M
Chemicals & pharma $943K
Weapons & explosives $547K
Raw agricultural goods $431K
Raw materials & minerals $158K
Miscellaneous $9K
Saudi Arabia
Export category Export value
Raw materials & minerals $60.4M
Chemicals & pharma $18.6M
Metals $11.4M
Machinery & equipment $4.45M
Textiles & consumer goods $529K
Processed food, beverages & tobacco $323K
Raw agricultural goods $301K
Wood & paper products $43K
Miscellaneous $10K

Balance of trade

Croatia Saudi Arabia
Current account balance
-$1.93B
2024
-$32.7B
2025
Current account balance ranking
141/190
2024
185/190
2025
Current account balance, % of GDP
-2.08%
2024
-2.56%
2025
Goods imports
$42.5B
2024
$230B
2025
Goods exports
$21.9B
2024
$311B
2025
Service imports
$8.42B
2024
$129B
2025
Service exports
$24.8B
2024
$69.4B
2025
Imports of goods and services, % of GDP
53%
2025
28.2%
2025
Exports of goods and services, % of GDP
48%
2025
29.7%
2025

Economic freedom indices

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

Croatia Saudi Arabia
Economic freedom 67.5 65.4
Economic freedom ranking 56/197 65/197
Property rights 81.1 51.4
Government integrity 52.6 52.7
Judicial effectiveness 71.7 38.2
Tax burden 70 99.2
Government spending 34.9 77
Fiscal health 92.2 97.9
Business freedom 79.6 71.2
Labor freedom 58.9 41.8
Monetary freedom 69.9 81.2
Trade freedom 79.4 73.8
Investment freedom 60 50
Financial freedom 60 50

Economic freedom comparison by year

Croatia
Saudi Arabia
1x
Year Economic freedom index
Croatia Saudi Arabia
2026 67.5 65.4
2025 68.7 64.4
2024 67.2 61.9
2023 66.4 58.3
2022 67.6 55.5
2021 63.6 66
2020 62.2 62.4
2019 61.4 60.7
2018 61 59.6
2017 59.4 64.4
2016 59.1 62.1
2015 61.5 62.1
2014 60.4 62.2
2013 61.3 60.6
2012 60.9 62.5
2011 61.1 66.2
2010 59.2 64.1
2009 55.1 64.3
2008 54.1 62.5
2007 53.4 60.9
2006 53.6 63
2005 51.9 63
2004 53.1 60.4
2003 53.3 63.2
2002 51.1 65.3
2001 50.7 62.2
2000 53.6 66.5
1999 53.1 65.5
1998 51.7 69.3
1997 46.7 68.7
1996 48 68.3

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/croatia/saudi-arabia | CC BY

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Saudi Arabia
Services, % of GDP
60.9%
2025
48.9%
2025
Industry, % of GDP
19%
2025
43%
2025
Agriculture, forestry, and fishing, % of GDP
2.83%
2025
2.59%
2025
GNI, Atlas method
$98.3B
2025
$1.33T
2025
GNI per capita, PPP
$50,410
2025
$74,400
2025
Total reserves including gold
$4.22B
2025
$505B
2025
Total reserves ranking
110/177
2025
8/177
2025
Net foreign direct investment
-$1.74B
2024
-$5.6B
2025
Net inflows of foreign direct investment
$4.54B
2024
$21.3B
2024
Net outflows of foreign direct investment
$2.79B
2024
$27.6B
2024
Poverty at national poverty lines
20.3%
2024
n/a
Gross capital formation, % of GDP
24.6%
2025
31.6%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/croatia/saudi-arabia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-07-08)

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.