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Economy of Croatia vs Senegal compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $32.8B for Senegal, ranking 75/197 and 109/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Croatia vs Senegal GDP by year

Croatia
Senegal
1x
Year GDP, current $
Croatia Senegal
2024 $92,983,810,329 $32,808,056,601
2023 $85,624,153,964 $30,696,331,296
2022 $71,196,498,671 $27,783,332,223
2021 $69,002,365,163 $27,520,784,130
2020 $57,959,843,541 $24,530,513,038
2019 $61,466,721,186 $23,403,995,992
2018 $61,667,925,219 $23,116,701,556
2017 $56,182,782,586 $20,996,562,944
2016 $52,650,714,172 $19,040,312,333
2015 $50,998,893,385 $17,774,766,696
2014 $59,606,934,501 $19,797,253,440
2013 $59,846,265,182 $18,918,667,725
2012 $57,548,115,904 $17,660,870,412
2011 $62,889,007,657 $17,814,283,639
2010 $58,975,205,417 $16,121,315,909
2009 $62,315,996,675 $16,145,867,495
2008 $68,472,854,617 $16,853,989,628
2007 $59,290,621,398 $13,994,218,413
2006 $49,583,544,860 $11,697,918,243
2005 $45,013,119,282 $11,009,033,438
2004 $41,836,292,157 $10,076,816,667
2003 $35,245,317,002 $8,768,721,563
2002 $26,757,722,429 $7,006,402,320
2001 $23,066,883,850 $6,507,824,829
2000 $22,134,411,297 $6,013,185,004
1999 $23,777,026,779 $6,592,834,933
1998 $25,890,228,430 $6,505,607,909
1997 $24,175,764,812 $6,041,478,726
1996 $24,150,978,347 $6,559,712,166
1995 $22,772,394,547 $6,326,342,633
1994 $15,062,911,617 $5,034,588,196
1993 $11,259,647,874 $7,367,986,241
1992 $10,621,169,291 $7,769,817,840
1991 $18,760,386,775 $7,255,210,470
1990 $25,650,213,280 $7,390,967,360
1989 - $6,366,039,373
1988 - $6,418,419,389
1987 - $6,487,353,103
1986 - $5,392,093,446
1985 - $3,818,944,918
1984 - $3,485,165,432
1983 - $3,569,356,125
1982 - $4,013,951,443
1981 - $4,095,892,781
1980 - $4,510,108,291
1979 - $4,084,877,823
1978 - $3,280,354,921
1977 - $2,938,046,463
1976 - $2,869,777,884
1975 - $2,830,388,405
1974 - $2,099,325,229
1973 - $1,863,398,590
1972 - $1,620,857,104
1971 - $1,339,549,033
1970 - $1,297,407,655
1969 - $1,245,234,931
1968 - $1,309,384,862
1967 - $1,246,480,766
1966 - $1,246,908,186
1965 - $1,210,058,228
1964 - $1,188,930,645
1963 - $1,122,139,862
1962 - $1,085,475,791
1961 - $1,058,975,257
1960 - $1,003,692,370

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

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

GDP per capita in Croatia vs Senegal by year

Croatia
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $1,773 $5,071
2023 $22,184 $47,760 $1,698 $4,778
2022 $18,466 $42,125 $1,574 $4,530
2021 $17,789 $36,930 $1,598 $4,174
2020 $14,808 $31,594 $1,461 $3,753
2019 $15,564 $33,064 $1,431 $3,648
2018 $15,460 $29,789 $1,453 $3,380
2017 $13,902 $27,888 $1,357 $3,234
2016 $12,820 $25,803 $1,266 $3,101
2015 $12,284 $23,750 $1,218 $2,994
2014 $14,187 $22,706 $1,399 $2,854
2013 $14,135 $22,430 $1,380 $2,769
2012 $13,508 $21,619 $1,327 $2,764
2011 $14,692 $21,191 $1,375 $2,685
2010 $13,730 $20,139 $1,276 $2,663
2009 $14,475 $20,358 $1,309 $2,606
2008 $15,888 $21,018 $1,399 $2,581
2007 $13,756 $19,568 $1,189 $2,499
2006 $11,501 $17,629 $1,017 $2,422
2005 $10,444 $15,451 $980 $2,350
2004 $9,719 $14,686 $918 $2,236
2003 $8,190 $13,692 $818 $2,131
2002 $6,220 $12,775 $669 $2,027
2001 $5,365 $11,653 $637 $2,044
2000 $4,954 $10,675 $603 $1,963
1999 $5,269 $9,943 $678 $1,893
1998 $5,713 $9,890 $685 $1,798
1997 $5,331 $9,536 $651 $1,719
1996 $5,300 $8,806 $723 $1,679
1995 $4,929 $8,052 $715 $1,656
1994 $3,238 $7,337 $584 $1,578
1993 $2,448 $6,861 $878 $1,588
1992 $2,321 $7,326 $951 $1,573
1991 $4,001 $7,918 $913 $1,561
1990 $5,369 $9,526 $957 $1,513
1989 - - $849 -
1988 - - $880 -
1987 - - $916 -
1986 - - $784 -
1985 - - $571 -
1984 - - $536 -
1983 - - $564 -
1982 - - $652 -
1981 - - $683 -
1980 - - $772 -
1979 - - $716 -
1978 - - $589 -
1977 - - $540 -
1976 - - $541 -
1975 - - $547 -
1974 - - $417 -
1973 - - $381 -
1972 - - $342 -
1971 - - $291.1 -
1970 - - $290.5 -
1969 - - $287.3 -
1968 - - $311 -
1967 - - $305 -
1966 - - $315 -
1965 - - $314 -
1964 - - $318 -
1963 - - $309 -
1962 - - $307 -
1961 - - $308 -
1960 - - $300 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Senegal ranks 158th at $5,071.

Economic indicators

Croatia Senegal
Gross domestic product
$93B
2024
$32.8B
2024
GDP rank
75/197
2024
109/197
2024
GDP growth
3.83%
2023-2024
6.06%
2023-2024
GDP per capita
$24,050
2024
$1,773
2024
GDP per capita rank
50/197
2024
159/197
2024
GDP per capita, PPP
$49,551
2024
$5,071
2024
GDP per capita PPP rank
46/197
2024
158/197
2024
Government debt
$53.5B
2024
$42.1B
2024
Debt-to-GDP ratio
57.6%
2024
128.4%
2024
Government debt per person
$13,844
2024
$2,277
2024
Government debt per person rank
42/185
2024
115/185
2024
Average annual personal income after taxes
$20,856
2026
$2,194
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
28.8%
2021
Income share by poorest 10%
2.9%
2023
3%
2021
Government expenditure, % of GDP
48%
2024
33.5%
2024
Consumer prices inflation
2.97%
2023-2024
0.8%
2023-2024
Unemployment rate
5.03%
2024
5.78%
2024
Population
3812193
19491599

Spending and national debt comparison by year

Croatia
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Croatia Senegal
Government spending Government debt Government spending Government debt
2024 48% 57.6% 33.5% 128.4%
2023 46.8% 61.8% 35.5% 118.4%
2022 45% 68.5% 36.2% 105%
2021 48.1% 78.2% 33.6% 98.6%
2020 53.7% 86.5% 29.6% 90.2%
2019 44.3% 70.9% 34.3% 81.5%
2018 44.9% 72.8% 22.6% 61.5%
2017 44.1% 76.2% 22.5% 61.1%
2016 45.9% 79.3% 24% 47.5%
2015 47.5% 82.8% 22.9% 44.5%
2014 48.7% 83.2% 23.1% 42.4%
2013 47.9% 79.5% 22.1% 36.9%
2012 47.3% 68.9% 23% 34.5%
2011 48.6% 63.1% 23.3% 32.9%
2010 48.1% 56.8% 21.7% 34.6%
2009 49.2% 47.9% 21.1% 29.9%
2008 46.3% 38.9% 20.9% 19.1%
2007 46.3% 37.1% 22.2% 19%
2006 44.6% 38.4% 21.3% 17.5%
2005 46.5% 40.9% 18.7% 36.1%
2004 49% 40% 18.1% 38%
2003 49.6% 37.8% 17.1% 42.9%
2002 49.2% 36.5% 15.5% 52%
2001 50.6% 36.6% 15.7% 53.2%
2000 54.6% 35.4% 14% 57.5%
1999 58.9% 30% 14.6% 15%
1998 56.8% 23.3% 13.5% 18.8%
1997 51.7% 22.5% 14.1% 67.8%
1996 52.1% - 15.4% 0.07%
1995 50.3% - 14.4% 65.3%
1994 45.4% - 15.9% 77.3%
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 (1994–1997, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 128.4% in Senegal, ranking 86/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Senegal
1x
Year Deficit/surplus, % of GDP
Croatia Senegal
2024 -1.95% -13.4%
2023 -0.79% -14.8%
2022 0.12% -16.1%
2021 -2.58% -13.7%
2020 -7.23% -9.64%
2019 2.31% -13.9%
2018 0.23% -3.66%
2017 0.8% -2.97%
2016 -1.04% -3.27%
2015 -3.53% -3.66%
2014 -5.19% -3.9%
2013 -5.52% -4.34%
2012 -5.46% -4.18%
2011 -7.53% -4.92%
2010 -6.46% -3.94%
2009 -7.15% -3.66%
2008 -2.34% -3.53%
2007 -2.28% -2.8%
2006 -2.01% -3.67%
2005 -3.24% -0.26%
2004 -6.09% 0.18%
2003 -5.03% -0.52%
2002 -4.9% 0.19%
2001 -4.79% -1.44%
2000 -9.2% 0.78%
1999 -11.1% -0.62%
1998 -6.36% 0.93%
1997 -4.93% 0.98%
1996 -4.41% 0.92%
1995 -4.23% 2.41%
1994 -0.82% 5.9%
1993 -2.67% -
1992 -5.69% -

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

GeoRank.org/economy/croatia/senegal | 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 Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Croatia recorded a fiscal deficit in 27 of those years, while Senegal ran a deficit in 23 years. On average, Croatia posted an annual deficit equal to 3.96% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Croatia

Senegal
1x
Year Consumer prices inflation
Croatia Senegal
2024 2.97% 0.8%
2023 7.94% 5.94%
2022 10.8% 9.7%
2021 2.55% 2.18%
2020 0.15% 2.54%
2019 0.77% 1.76%
2018 1.5% 0.46%
2017 1.13% 1.32%
2016 -1.12% 0.84%
2015 -0.46% 0.14%
2014 -0.22% -1.09%
2013 2.22% 0.71%
2012 3.41% 1.42%
2011 2.27% 3.4%
2010 1.03% 1.23%
2009 2.38% -2.25%
2008 6.08% 7.35%
2007 2.9% 5.85%
2006 3.19% 2.11%
2005 3.32% 1.71%
2004 2.06% 0.51%
2003 1.77% -0.05%
2002 1.67% 2.34%
2001 3.78% 2.97%
2000 4.61% 0.73%
1999 4.02% 0.83%
1998 6.4% 1.16%
1997 4.17% 1.75%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 2.01% in Senegal. In 2024, inflation was 2.97% in Croatia and 0.8% in Senegal.

Top exports between countries

Croatia
Export category Export value
Wood & paper products $1.62M
Raw materials & minerals $950K
Metals $394K
Machinery & equipment $343K
Raw agricultural goods $320K
Animal & marine products $233K
Textiles & consumer goods $116K
Processed food, beverages & tobacco $94K
Chemicals & pharma $61K
Weapons & explosives $17K
Senegal
Export category Export value
Raw agricultural goods $40K
Animal & marine products $23K
Machinery & equipment $14K
Processed food, beverages & tobacco $11K

Balance of trade

Croatia Senegal
Current account balance
-$1.05B
2024
-$6.07B
2023
Current account balance ranking
125/190
2024
170/190
2023
Current account balance, % of GDP
-1.13%
2024
-19.8%
2023
Goods imports
$41.5B
2024
$10.8B
2023
Goods exports
$21.9B
2024
$5.52B
2023
Service imports
$8.35B
2024
$4.08B
2023
Service exports
$24.7B
2024
$1.48B
2023
Imports of goods and services, % of GDP
54.8%
2024
43.4%
2024
Exports of goods and services, % of GDP
50.1%
2024
24.7%
2024

Economic freedom indices

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

Croatia Senegal
Economic freedom 67.5 53.2
Economic freedom ranking 56/197 140/197
Property rights 81.1 57.4
Government integrity 52.6 47.3
Judicial effectiveness 71.7 50.5
Tax burden 70 68.8
Government spending 34.9 63.1
Fiscal health 92.2 0
Business freedom 79.6 55.2
Labor freedom 58.9 54.4
Monetary freedom 69.9 74.3
Trade freedom 79.4 67
Investment freedom 60 60
Financial freedom 60 40

Economic freedom comparison by year

Croatia
Senegal
1x
Year Economic freedom index
Croatia Senegal
2026 67.5 53.2
2025 68.7 56.4
2024 67.2 55.4
2023 66.4 57.7
2022 67.6 60
2021 63.6 58
2020 62.2 58
2019 61.4 56.3
2018 61 55.7
2017 59.4 55.9
2016 59.1 58.1
2015 61.5 57.8
2014 60.4 55.4
2013 61.3 55.5
2012 60.9 55.4
2011 61.1 55.7
2010 59.2 54.6
2009 55.1 56.3
2008 54.1 58.3
2007 53.4 58.1
2006 53.6 56.2
2005 51.9 57.9
2004 53.1 58.9
2003 53.3 58.1
2002 51.1 58.6
2001 50.7 58.7
2000 53.6 58.9
1999 53.1 60.6
1998 51.7 59.7
1997 46.7 58.1
1996 48 58.2

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 53.2 for Senegal, ranking 140/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Senegal
Services, % of GDP
60.8%
2024
48.4%
2024
Industry, % of GDP
19.2%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
16.6%
2024
GNI, Atlas method
$86B
2024
$31.1B
2024
GNI per capita, PPP
$49,740
2024
$4,920
2024
Total reserves including gold
$3.34B
2024
n/a
Total reserves ranking
116/177
2024
n/a
Net foreign direct investment
-$1.88B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$4.54B
2024
$2.02B
2024
Net outflows of foreign direct investment
$2.79B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI n/a
10.8%
2024
Poverty at national poverty lines
20.3%
2023
37.5%
2021
Gross capital formation, % of GDP
24.4%
2024
37.5%
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/senegal | 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 (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 (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1994–1997, 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.