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Economy of Croatia vs Slovenia compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $73B for Slovenia, ranking 75/197 and 86/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Croatia vs Slovenia GDP by year

Croatia
Slovenia
1x
Year GDP, current $
Croatia Slovenia
2024 $92,983,810,329 $72,972,015,197
2023 $85,624,153,964 $69,255,264,238
2022 $71,196,498,671 $59,899,117,741
2021 $69,002,365,163 $61,540,813,362
2020 $57,959,843,541 $53,384,760,135
2019 $61,466,721,186 $53,909,922,736
2018 $61,667,925,219 $53,689,067,640
2017 $56,182,782,586 $48,153,200,135
2016 $52,650,714,172 $44,290,685,824
2015 $50,998,893,385 $42,709,468,275
2014 $59,606,934,501 $49,514,466,380
2013 $59,846,265,182 $47,867,056,859
2012 $57,548,115,904 $46,167,053,954
2011 $62,889,007,657 $51,199,194,599
2010 $58,975,205,417 $47,793,117,241
2009 $62,315,996,675 $49,975,540,955
2008 $68,472,854,617 $55,509,332,322
2007 $59,290,621,398 $47,880,266,543
2006 $49,583,544,860 $39,260,368,837
2005 $45,013,119,282 $35,947,936,824
2004 $41,836,292,157 $34,156,553,313
2003 $35,245,317,002 $29,360,575,032
2002 $26,757,722,429 $23,214,593,516
2001 $23,066,883,850 $20,668,868,707
2000 $22,134,411,297 $20,159,190,702
1999 $23,777,026,779 $22,609,669,084
1998 $25,890,228,430 $22,058,635,314
1997 $24,175,764,812 $20,726,878,752
1996 $24,150,978,347 $21,470,699,363
1995 $22,772,394,547 $21,367,422,159
1994 $15,062,911,617 $16,400,767,070
1993 $11,259,647,874 $14,449,298,372
1992 $10,621,169,291 $14,277,261,541
1991 $18,760,386,775 $14,454,495,059
1990 $25,650,213,280 $19,832,029,087

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Croatia vs Slovenia by year

Croatia
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $34,301 $57,186
2023 $22,184 $47,760 $32,660 $56,064
2022 $18,466 $42,125 $28,360 $52,347
2021 $17,789 $36,930 $29,193 $45,914
2020 $14,808 $31,594 $25,392 $41,767
2019 $15,564 $33,064 $25,814 $42,373
2018 $15,460 $29,789 $25,888 $38,620
2017 $13,902 $27,888 $23,303 $36,180
2016 $12,820 $25,803 $21,448 $33,575
2015 $12,284 $23,750 $20,697 $31,336
2014 $14,187 $22,706 $24,013 $30,572
2013 $14,135 $22,430 $23,237 $29,634
2012 $13,508 $21,619 $22,442 $28,787
2011 $14,692 $21,191 $24,941 $28,716
2010 $13,730 $20,139 $23,330 $27,579
2009 $14,475 $20,358 $24,502 $27,229
2008 $15,888 $21,018 $27,462 $29,461
2007 $13,756 $19,568 $23,725 $27,468
2006 $11,501 $17,629 $19,563 $25,571
2005 $10,444 $15,451 $17,970 $23,682
2004 $9,719 $14,686 $17,104 $22,588
2003 $8,190 $13,692 $14,712 $20,916
2002 $6,220 $12,775 $11,639 $20,004
2001 $5,365 $11,653 $10,376 $18,763
2000 $4,954 $10,675 $10,136 $17,892
1999 $5,269 $9,943 $11,401 $17,007
1998 $5,713 $9,890 $11,132 $15,994
1997 $5,331 $9,536 $10,437 $15,257
1996 $5,300 $8,806 $10,797 $14,284
1995 $4,929 $8,052 $10,738 $13,637
1994 $3,238 $7,337 $8,244 $13,975
1993 $2,448 $6,861 $7,255 $12,976
1992 $2,321 $7,326 $7,151 $12,296
1991 $4,001 $7,918 $7,229 $12,698
1990 $5,369 $9,526 $9,925 $13,491

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Slovenia ranks 37th at $57,186.

Economic indicators

Croatia Slovenia
Gross domestic product
$93B
2024
$73B
2024
GDP rank
75/197
2024
86/197
2024
GDP growth
3.83%
2023-2024
1.73%
2023-2024
GDP per capita
$24,050
2024
$34,301
2024
GDP per capita rank
50/197
2024
34/197
2024
GDP per capita, PPP
$49,551
2024
$57,186
2024
GDP per capita PPP rank
46/197
2024
37/197
2024
Government debt
$53.5B
2024
$48.6B
2024
Debt-to-GDP ratio
57.6%
2024
66.6%
2024
Government debt per person
$13,844
2024
$22,842
2024
Government debt per person rank
42/185
2024
29/185
2024
Average annual personal income after taxes
$20,856
2026
$22,215
2026
Market capitalization of domestic companies
$27.8B
2024
$11.4B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
23.3%
2023
20.6%
2023
Income share by poorest 10%
2.9%
2023
4.1%
2023
Government expenditure, % of GDP
48%
2024
46.5%
2024
Consumer prices inflation
2.97%
2023-2024
1.97%
2023-2024
Unemployment rate
5.03%
2024
3.7%
2024
Population
3812193
2124138

Spending and national debt comparison by year

Croatia
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Croatia Slovenia
Government spending Government debt Government spending Government debt
2024 48% 57.6% 46.5% 66.6%
2023 46.8% 61.8% 46.4% 68.3%
2022 45% 68.5% 47.7% 72.8%
2021 48.1% 78.2% 49.9% 74.8%
2020 53.7% 86.5% 51.8% 80.2%
2019 44.3% 70.9% 43.8% 66%
2018 44.9% 72.8% 44.1% 71%
2017 44.1% 76.2% 44.6% 74.9%
2016 45.9% 79.3% 46.9% 79.4%
2015 47.5% 82.8% 49.5% 83.4%
2014 48.7% 83.2% 50.6% 81.1%
2013 47.9% 79.5% 57.7% 70.8%
2012 47.3% 68.9% 50% 54.1%
2011 48.6% 63.1% 51.4% 46.8%
2010 48.1% 56.8% 50.7% 38.6%
2009 49.2% 47.9% 50% 34.9%
2008 46.3% 38.9% 45.2% 21.9%
2007 46.3% 37.1% 43.5% 22.9%
2006 44.6% 38.4% 45.7% 26.2%
2005 46.5% 40.9% 46.7% 26.6%
2004 49% 40% 46.9% 27.1%
2003 49.6% 37.8% 47.6% 27%
2002 49.2% 36.5% 47.8% 27.7%
2001 50.6% 36.6% 49.2% 26.3%
2000 54.6% 35.4% 47.8% 26.1%
1999 58.9% 30% 47.2% 23.8%
1998 56.8% 23.3% 46.4% 22.8%
1997 51.7% 22.5% 45.4% 22.1%
1996 52.1% - 45.2% 21.6%
1995 50.3% - 53% 18.2%
1994 45.4% - - -
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 (1997, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 66.6% in Slovenia, ranking 86/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Slovenia
1x
Year Deficit/surplus, % of GDP
Croatia Slovenia
2024 -1.95% -0.93%
2023 -0.79% -2.59%
2022 0.12% -3.02%
2021 -2.58% -4.61%
2020 -7.23% -7.68%
2019 2.31% 0.68%
2018 0.23% 0.9%
2017 0.8% 0.05%
2016 -1.04% -2%
2015 -3.53% -2.84%
2014 -5.19% -4.53%
2013 -5.52% -11.2%
2012 -5.46% -4.2%
2011 -7.53% -6.69%
2010 -6.46% -5.56%
2009 -7.15% -5.87%
2008 -2.34% -1.44%
2007 -2.28% -0.08%
2006 -2.01% -1.26%
2005 -3.24% -1.38%
2004 -6.09% -1.98%
2003 -5.03% -2.66%
2002 -4.9% -2.47%
2001 -4.79% -4.58%
2000 -9.2% -3.77%
1999 -11.1% -3.04%
1998 -6.36% -2.39%
1997 -4.93% -2.37%
1996 -4.41% -1.16%
1995 -4.23% -8.19%
1994 -0.82% -
1993 -2.67% -
1992 -5.69% -

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

GeoRank.org/economy/croatia/slovenia | 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 Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Croatia recorded a fiscal deficit in 26 of those years, while Slovenia ran a deficit in 27 years. On average, Croatia posted an annual deficit equal to 4.06% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Croatia

Slovenia
1x
Year Consumer prices inflation
Croatia Slovenia
2024 2.97% 1.97%
2023 7.94% 7.45%
2022 10.8% 8.83%
2021 2.55% 1.92%
2020 0.15% -0.05%
2019 0.77% 1.63%
2018 1.5% 1.74%
2017 1.13% 1.43%
2016 -1.12% -0.05%
2015 -0.46% -0.53%
2014 -0.22% 0.2%
2013 2.22% 1.77%
2012 3.41% 2.6%
2011 2.27% 1.8%
2010 1.03% 1.8%
2009 2.38% 0.84%
2008 6.08% 5.65%
2007 2.9% 3.66%
2006 3.19% 2.46%
2005 3.32% 2.45%
2004 2.06% 3.59%
2003 1.77% 5.54%
2002 1.67% 7.48%
2001 3.78% 8.38%
2000 4.61% 8.91%
1999 4.02% 6.16%
1998 6.4% 7.89%
1997 4.17% 8.36%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 3.71% in Slovenia. In 2024, inflation was 2.97% in Croatia and 1.97% in Slovenia.

Top exports between countries

Croatia
Export category Export value
Transport & tourism services $1.39B
Machinery & equipment $535M
Metals $433M
Raw materials & minerals $427M
Processed food, beverages & tobacco $376M
Textiles & consumer goods $309M
Chemicals & pharma $290M
Business & finance services $200M
Wood & paper products $180M
Raw agricultural goods $139M
Slovenia
Export category Export value
Machinery & equipment $1.31B
Raw materials & minerals $1.29B
Chemicals & pharma $792M
Textiles & consumer goods $530M
Metals $417M
Transport & tourism services $338M
Processed food, beverages & tobacco $290M
Wood & paper products $172M
Animal & marine products $141M
Raw agricultural goods $92.9M

Balance of trade

Croatia Slovenia
Current account balance
-$1.05B
2024
$3.32B
2024
Current account balance ranking
125/190
2024
37/190
2024
Current account balance, % of GDP
-1.13%
2024
+4.55%
2024
Goods imports
$41.5B
2024
$45.2B
2024
Goods exports
$21.9B
2024
$45.6B
2024
Service imports
$8.35B
2024
$9.52B
2024
Service exports
$24.7B
2024
$13.6B
2024
Imports of goods and services, % of GDP
54.8%
2024
74.7%
2024
Exports of goods and services, % of GDP
50.1%
2024
80.9%
2024

Economic freedom indices

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

Croatia Slovenia
Economic freedom 67.5 69.7
Economic freedom ranking 56/197 40/197
Property rights 81.1 87.6
Government integrity 52.6 66.1
Judicial effectiveness 71.7 91.6
Tax burden 70 55.5
Government spending 34.9 34.1
Fiscal health 92.2 83.5
Business freedom 79.6 78.7
Labor freedom 58.9 62.7
Monetary freedom 69.9 77.5
Trade freedom 79.4 79.4
Investment freedom 60 70
Financial freedom 60 50

Economic freedom comparison by year

Croatia
Slovenia
1x
Year Economic freedom index
Croatia Slovenia
2026 67.5 69.7
2025 68.7 68.3
2024 67.2 65.9
2023 66.4 68.5
2022 67.6 70.5
2021 63.6 68.3
2020 62.2 67.8
2019 61.4 65.5
2018 61 64.8
2017 59.4 59.2
2016 59.1 60.6
2015 61.5 60.3
2014 60.4 62.7
2013 61.3 61.7
2012 60.9 62.9
2011 61.1 64.6
2010 59.2 64.7
2009 55.1 62.9
2008 54.1 60.2
2007 53.4 59.6
2006 53.6 61.9
2005 51.9 59.6
2004 53.1 59.2
2003 53.3 57.7
2002 51.1 57.8
2001 50.7 61.8
2000 53.6 58.3
1999 53.1 61.3
1998 51.7 60.7
1997 46.7 55.6
1996 48 50.4

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Slovenia
Services, % of GDP
60.8%
2024
57.9%
2024
Industry, % of GDP
19.2%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
1.54%
2024
GNI, Atlas method
$86B
2024
$67.6B
2024
GNI per capita, PPP
$49,740
2024
$56,520
2024
Total reserves including gold
$3.34B
2024
$2.83B
2024
Total reserves ranking
116/177
2024
118/177
2024
Net foreign direct investment
-$1.88B
2024
-$405M
2024
Net inflows of foreign direct investment
$4.54B
2024
$1.87B
2024
Net outflows of foreign direct investment
$2.79B
2024
$1.46B
2024
Poverty at national poverty lines
20.3%
2023
12.7%
2022
Gross capital formation, % of GDP
24.4%
2024
21.5%
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/slovenia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, 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 (2023–2024, 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.