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Economy of Croatia vs Seychelles compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $2.17B for the Seychelles, ranking 75/197 and 178/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

Croatia vs Seychelles GDP by year

Croatia
Seychelles
1x
Year GDP, current $
Croatia Seychelles
2024 $92,983,810,329 $2,167,239,562
2023 $85,624,153,964 $2,187,379,755
2022 $71,196,498,671 $2,018,346,589
2021 $69,002,365,163 $1,487,173,795
2020 $57,959,843,541 $1,382,551,752
2019 $61,466,721,186 $1,868,690,097
2018 $61,667,925,219 $1,784,313,927
2017 $56,182,782,586 $1,675,370,641
2016 $52,650,714,172 $1,568,513,348
2015 $50,998,893,385 $1,432,403,352
2014 $59,606,934,501 $1,387,577,870
2013 $59,846,265,182 $1,333,160,407
2012 $57,548,115,904 $1,089,407,839
2011 $62,889,007,657 $1,058,918,707
2010 $58,975,205,417 $981,616,542
2009 $62,315,996,675 $850,901,620
2008 $68,472,854,617 $979,597,394
2007 $59,290,621,398 $1,077,308,814
2006 $49,583,544,860 $1,081,441,283
2005 $45,013,119,282 $977,899,382
2004 $41,836,292,157 $893,012,218
2003 $35,245,317,002 $750,847,230
2002 $26,757,722,429 $742,134,838
2001 $23,066,883,850 $662,064,156
2000 $22,134,411,297 $654,212,394
1999 $23,777,026,779 $662,838,615
1998 $25,890,228,430 $647,287,376
1997 $24,175,764,812 $598,966,982
1996 $24,150,978,347 $535,250,347
1995 $22,772,394,547 $540,733,048
1994 $15,062,911,617 $517,570,058
1993 $11,259,647,874 $504,230,621
1992 $10,621,169,291 $461,409,399
1991 $18,760,386,775 $398,307,170
1990 $25,650,213,280 $392,163,561
1989 - $324,333,367
1988 - $301,985,618
1987 - $265,212,957
1986 - $221,147,061
1985 - $179,691,483
1984 - $160,992,921
1983 - $156,098,237
1982 - $157,211,790
1981 - $163,750,728
1980 - $156,783,830
1979 - $127,261,099
1978 - $85,552,366
1977 - $64,526,401
1976 - $49,278,982
1975 - $47,803,146
1974 - $43,134,496
1973 - $36,896,280
1972 - $30,645,123
1971 - $21,965,951
1970 - $18,432,032
1969 - $16,452,028
1968 - $16,074,028
1967 - $16,632,032
1966 - $16,443,034
1965 - $15,603,032
1964 - $15,393,032
1963 - $13,923,029
1962 - $12,642,026
1961 - $11,592,024
1960 - $12,012,025

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

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

GDP per capita in Croatia vs Seychelles by year

Croatia
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $17,859 $33,239
2023 $22,184 $47,760 $18,263 $31,781
2022 $18,466 $42,125 $16,837 $29,973
2021 $17,789 $36,930 $14,983 $29,980
2020 $14,808 $31,594 $14,041 $31,056
2019 $15,564 $33,064 $19,142 $34,219
2018 $15,460 $29,789 $18,440 $32,091
2017 $13,902 $27,888 $17,480 $30,675
2016 $12,820 $25,803 $16,567 $28,811
2015 $12,284 $23,750 $15,333 $25,435
2014 $14,187 $22,706 $15,188 $24,985
2013 $14,135 $22,430 $14,821 $22,487
2012 $13,508 $21,619 $12,337 $22,264
2011 $14,692 $21,191 $12,110 $21,781
2010 $13,730 $20,139 $10,935 $18,982
2009 $14,475 $20,358 $9,747 $18,453
2008 $15,888 $21,018 $11,265 $18,881
2007 $13,756 $19,568 $12,669 $19,473
2006 $11,501 $17,629 $12,783 $17,503
2005 $10,444 $15,451 $11,802 $15,846
2004 $9,719 $14,686 $10,828 $14,160
2003 $8,190 $13,692 $9,070 $14,142
2002 $6,220 $12,775 $8,864 $14,570
2001 $5,365 $11,653 $8,153 $14,615
2000 $4,954 $10,675 $8,064 $14,638
1999 $5,269 $9,943 $8,243 $13,853
1998 $5,713 $9,890 $8,210 $13,675
1997 $5,331 $9,536 $7,747 $13,458
1996 $5,300 $8,806 $7,004 $11,931
1995 $4,929 $8,052 $7,181 $10,809
1994 $3,238 $7,337 $6,975 $10,692
1993 $2,448 $6,861 $6,979 $11,020
1992 $2,321 $7,326 $6,520 $10,243
1991 $4,001 $7,918 $5,655 $9,387
1990 $5,369 $9,526 $5,642 $8,955
1989 - - $4,689 -
1988 - - $4,392 -
1987 - - $3,872 -
1986 - - $3,368 -
1985 - - $2,754 -
1984 - - $2,488 -
1983 - - $2,426 -
1982 - - $2,441 -
1981 - - $2,557 -
1980 - - $2,478 -
1979 - - $2,030 -
1978 - - $1,377 -
1977 - - $1,044 -
1976 - - $814 -
1975 - - $806 -
1974 - - $745 -
1973 - - $649 -
1972 - - $547 -
1971 - - $402 -
1970 - - $344 -
1969 - - $314 -
1968 - - $314 -
1967 - - $333 -
1966 - - $338 -
1965 - - $328 -
1964 - - $332 -
1963 - - $308 -
1962 - - $287 -
1961 - - $270.3 -
1960 - - $288.1 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while the Seychelles ranks 67th at $33,239.

Economic indicators

Croatia Seychelles
Gross domestic product
$93B
2024
$2.17B
2024
GDP rank
75/197
2024
178/197
2024
GDP growth
3.83%
2023-2024
3.47%
2023-2024
GDP per capita
$24,050
2024
$17,859
2024
GDP per capita rank
50/197
2024
63/197
2024
GDP per capita, PPP
$49,551
2024
$33,239
2024
GDP per capita PPP rank
46/197
2024
67/197
2024
Government debt
$53.5B
2024
$1.25B
2024
Debt-to-GDP ratio
57.6%
2024
57.6%
2024
Government debt per person
$13,844
2024
$10,288
2024
Government debt per person rank
42/185
2024
57/185
2024
Average annual personal income after taxes
$20,856
2026
$10,944
2026
Market capitalization of domestic companies
$27.8B
2024
$811M
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
23.3%
2023
23.9%
2018
Income share by poorest 10%
2.9%
2023
2.6%
2018
Government expenditure, % of GDP
48%
2024
33.8%
2024
Consumer prices inflation
2.97%
2023-2024
0.31%
2023-2024
Central bank interest rate n/a
1.75%
2024
Unemployment rate
5.03%
2024
2.59%
2024
Population
3812193
126311

Spending and national debt comparison by year

Croatia
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Croatia Seychelles
Government spending Government debt Government spending Government debt
2024 48% 57.6% 33.8% 57.6%
2023 46.8% 61.8% 32.9% 55.3%
2022 45% 68.5% 31.3% 60%
2021 48.1% 78.2% 38.8% 71%
2020 53.7% 86.5% 46.7% 77.4%
2019 44.3% 70.9% 31.7% 48.9%
2018 44.9% 72.8% 33% 51.3%
2017 44.1% 76.2% 34.3% 56.7%
2016 45.9% 79.3% 34.5% 62.8%
2015 47.5% 82.8% 31.5% 64.7%
2014 48.7% 83.2% 33.4% 70.4%
2013 47.9% 79.5% 37.8% 68.2%
2012 47.3% 68.9% 38.6% 80.1%
2011 48.6% 63.1% 36.4% 82.5%
2010 48.1% 56.8% 34.6% 82.2%
2009 49.2% 47.9% 32.1% 106.1%
2008 46.3% 38.9% 27% 192.1%
2007 46.3% 37.1% 41.9% 144%
2006 44.6% 38.4% 43.6% 135.1%
2005 46.5% 40.9% 39% 144.1%
2004 49% 40% 39.9% 163.2%
2003 49.6% 37.8% 44.6% 177%
2002 49.2% 36.5% 56.3% 195.9%
2001 50.6% 36.6% 46.8% 199.8%
2000 54.6% 35.4% 55.4% 177.8%
1999 58.9% 30% 56.1% 159.8%
1998 56.8% 23.3% 60.7% 161.2%
1997 51.7% 22.5% 54.7% 143%
1996 52.1% - 59.1% 146.7%
1995 50.3% - 53.1% 133.5%
1994 45.4% - 63.6% 123.5%
1993 36% - 60.4% 82.2%
1992 37.1% - 50.7% 79.9%
1991 - - 52.1% 89.2%
1990 - - 46.1% 80.4%
1989 - - 51.7% 39.9%
1988 - - 46.7% 41.3%
1987 - - 49.7% 37%
1986 - - 58% 31.5%
1985 - - 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1997, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 57.6% in the Seychelles, ranking 86/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Seychelles
1x
Year Deficit/surplus, % of GDP
Croatia Seychelles
2024 -1.95% -0.69%
2023 -0.79% -1.14%
2022 0.12% -0.76%
2021 -2.58% -5.76%
2020 -7.23% -15.7%
2019 2.31% 0.42%
2018 0.23% -0.8%
2017 0.8% -1.67%
2016 -1.04% 0.02%
2015 -3.53% 1.39%
2014 -5.19% 2.87%
2013 -5.52% 0.33%
2012 -5.46% 2.93%
2011 -7.53% 3.36%
2010 -6.46% 0.52%
2009 -7.15% 4.84%
2008 -2.34% 7.88%
2007 -2.28% -9.93%
2006 -2.01% -2.54%
2005 -3.24% 0.42%
2004 -6.09% 0.44%
2003 -5.03% 3.4%
2002 -4.9% -16.3%
2001 -4.79% -8.93%
2000 -9.2% -14.7%
1999 -11.1% -10.3%
1998 -6.36% -16.7%
1997 -4.93% -5.91%
1996 -4.41% -9.69%
1995 -4.23% -2.58%
1994 -0.82% -6.95%
1993 -2.67% -3.62%
1992 -5.69% 6.44%
1991 - 3.15%
1990 - 11.9%
1989 - 8.26%
1988 - 11.8%
1987 - 2.77%
1986 - -10.1%
1985 - -4.86%
1984 - -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

GeoRank.org/economy/croatia/seychelles | 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 the Seychelles' deficit of $15M, or 0.69% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while the Seychelles ran a deficit in 19 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 3.01% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Croatia

Seychelles
1x
Year Consumer prices inflation
Croatia Seychelles
2024 2.97% 0.31%
2023 7.94% -1.04%
2022 10.8% 2.63%
2021 2.55% 9.77%
2020 0.15% 1.2%
2019 0.77% 1.81%
2018 1.5% 3.7%
2017 1.13% 2.86%
2016 -1.12% -1.02%
2015 -0.46% 4.04%
2014 -0.22% 1.39%
2013 2.22% 4.34%
2012 3.41% 7.11%
2011 2.27% 2.56%
2010 1.03% -2.4%
2009 2.38% 31.8%
2008 6.08% 37%
2007 2.9% 5.32%
2006 3.19% -0.35%
2005 3.32% 0.91%
2004 2.06% 3.86%
2003 1.77% 3.3%
2002 1.67% 0.18%
2001 3.78% 5.97%
2000 4.61% 6.27%
1999 4.02% 6.35%
1998 6.4% 2.58%
1997 4.17% 0.62%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 5.03% in the Seychelles. In 2024, inflation was 2.97% in Croatia and 0.31% in the Seychelles.

Top exports between countries

Croatia
Export category Export value
Machinery & equipment $113K
Processed food, beverages & tobacco $49K
Raw materials & minerals $31K
Textiles & consumer goods $26K
Metals $13K
Miscellaneous $7K
Animal & marine products $6K
Chemicals & pharma $3K
Seychelles
Export category Export value
Animal & marine products $23K
Textiles & consumer goods $3K

Balance of trade

Croatia Seychelles
Current account balance
-$1.05B
2024
-$176M
2024
Current account balance ranking
125/190
2024
97/190
2024
Current account balance, % of GDP
-1.13%
2024
-8.11%
2024
Goods imports
$41.5B
2024
$1.39B
2024
Goods exports
$21.9B
2024
$595M
2024
Service imports
$8.35B
2024
$1B
2024
Service exports
$24.7B
2024
$1.71B
2024
Imports of goods and services, % of GDP
54.8%
2024
103.2%
2024
Exports of goods and services, % of GDP
50.1%
2024
85.2%
2024

Economic freedom indices

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

Croatia Seychelles
Economic freedom 67.5 66.5
Economic freedom ranking 56/197 60/197
Property rights 81.1 82.6
Government integrity 52.6 71.7
Judicial effectiveness 71.7 61.7
Tax burden 70 77.3
Government spending 34.9 68
Fiscal health 92.2 92.2
Business freedom 79.6 71.3
Labor freedom 58.9 52
Monetary freedom 69.9 79.8
Trade freedom 79.4 81.2
Investment freedom 60 30
Financial freedom 60 30

Economic freedom comparison by year

Croatia
Seychelles
1x
Year Economic freedom index
Croatia Seychelles
2026 67.5 66.5
2025 68.7 66.4
2024 67.2 60.4
2023 66.4 59.5
2022 67.6 61.1
2021 63.6 66.3
2020 62.2 64.3
2019 61.4 61.4
2018 61 61.6
2017 59.4 61.8
2016 59.1 62.2
2015 61.5 57.5
2014 60.4 56.2
2013 61.3 54.9
2012 60.9 53
2011 61.1 51.2
2010 59.2 47.9
2009 55.1 47.8
2008 54.1 -
2007 53.4 -
2006 53.6 -
2005 51.9 -
2004 53.1 -
2003 53.3 -
2002 51.1 -
2001 50.7 -
2000 53.6 -
1999 53.1 -
1998 51.7 -
1997 46.7 -
1996 48 -

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Seychelles
Services, % of GDP
60.8%
2024
65.8%
2024
Industry, % of GDP
19.2%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
2.45%
2024
GNI, Atlas method
$86B
2024
$2.12B
2024
GNI per capita, PPP
$49,740
2024
$32,180
2024
Total reserves including gold
$3.34B
2024
$774M
2024
Total reserves ranking
116/177
2024
145/177
2024
Net foreign direct investment
-$1.88B
2024
-$262M
2024
Net inflows of foreign direct investment
$4.54B
2024
$226M
2024
Net outflows of foreign direct investment
$2.79B
2024
-$35.4M
2024
Poverty at national poverty lines
20.3%
2023
25.3%
2018
Gross capital formation, % of GDP
24.4%
2024
17.2%
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/seychelles | 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 (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1983–1997, retrieved 2026-02-20)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  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.

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.