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Economy of Croatia vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $99B for Sri Lanka, ranking 75/197 and 72/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Croatia vs Sri Lanka GDP by year

Croatia
Sri Lanka
1x
Year GDP, current $
Croatia Sri Lanka
2024 $92,983,810,329 $98,963,185,510
2023 $85,624,153,964 $83,716,142,582
2022 $71,196,498,671 $74,143,020,263
2021 $69,002,365,163 $88,556,698,938
2020 $57,959,843,541 $84,335,574,582
2019 $61,466,721,186 $88,998,706,297
2018 $61,667,925,219 $94,450,015,983
2017 $56,182,782,586 $94,369,350,286
2016 $52,650,714,172 $88,000,211,172
2015 $50,998,893,385 $85,090,301,052
2014 $59,606,934,501 $82,531,125,191
2013 $59,846,265,182 $76,976,203,829
2012 $57,548,115,904 $70,447,217,164
2011 $62,889,007,657 $67,753,285,897
2010 $58,975,205,417 $58,636,049,434
2009 $62,315,996,675 $42,066,224,093
2008 $68,472,854,617 $40,713,826,215
2007 $59,290,621,398 $32,350,238,760
2006 $49,583,544,860 $28,267,410,543
2005 $45,013,119,282 $24,405,791,045
2004 $41,836,292,157 $20,662,525,941
2003 $35,245,317,002 $18,881,765,437
2002 $26,757,722,429 $16,536,535,647
2001 $23,066,883,850 $15,749,753,805
2000 $22,134,411,297 $16,595,882,819
1999 $23,777,026,779 $15,711,933,513
1998 $25,890,228,430 $15,760,736,956
1997 $24,175,764,812 $15,091,913,884
1996 $24,150,978,347 $13,897,738,375
1995 $22,772,394,547 $13,029,697,561
1994 $15,062,911,617 $11,717,604,209
1993 $11,259,647,874 $10,338,679,636
1992 $10,621,169,291 $9,703,011,636
1991 $18,760,386,775 $9,000,362,582
1990 $25,650,213,280 $8,032,551,173
1989 - $6,987,267,684
1988 - $6,978,371,581
1987 - $6,682,167,120
1986 - $6,405,210,564
1985 - $5,978,460,972
1984 - $6,043,474,843
1983 - $5,167,913,302
1982 - $4,768,765,017
1981 - $4,415,844,156
1980 - $4,024,621,900
1979 - $3,364,611,432
1978 - $2,733,183,857
1977 - $4,104,509,583
1976 - $3,591,319,857
1975 - $3,791,298,146
1974 - $3,574,586,466
1973 - $2,875,625,000
1972 - $2,553,936,348
1971 - $2,369,308,600
1970 - $2,296,470,588
1969 - $1,965,546,218
1968 - $1,801,344,538
1967 - $1,859,465,021
1966 - $1,751,470,588
1965 - $1,698,319,328
1964 - $1,309,747,899
1963 - $1,240,672,269
1962 - $1,434,156,379
1961 - $1,444,327,731
1960 - $1,409,873,950

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

GeoRank.org/economy/croatia/sri-lanka | CC BY

GDP per capita in Croatia vs Sri Lanka by year

Croatia
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $4,516 $15,633
2023 $22,184 $47,760 $3,799 $14,456
2022 $18,466 $42,125 $3,343 $14,194
2021 $17,789 $36,930 $3,997 $14,316
2020 $14,808 $31,594 $3,848 $12,941
2019 $15,564 $33,064 $4,082 $14,113
2018 $15,460 $29,789 $4,359 $14,178
2017 $13,902 $27,888 $4,399 $13,610
2016 $12,820 $25,803 $4,149 $13,079
2015 $12,284 $23,750 $4,058 $12,227
2014 $14,187 $22,706 $3,972 $11,721
2013 $14,135 $22,430 $3,739 $11,253
2012 $13,508 $21,619 $3,328 $10,249
2011 $14,692 $21,191 $3,225 $9,076
2010 $13,730 $20,139 $2,808 $8,234
2009 $14,475 $20,358 $2,027 $7,576
2008 $15,888 $21,018 $1,974 $7,317
2007 $13,756 $19,568 $1,579 $6,820
2006 $11,501 $17,629 $1,389 $6,261
2005 $10,444 $15,451 $1,207 $5,679
2004 $9,719 $14,686 $1,029 $5,216
2003 $8,190 $13,692 $946 $4,850
2002 $6,220 $12,775 $835 $4,522
2001 $5,365 $11,653 $804 $4,328
2000 $4,954 $10,675 $860 $4,368
1999 $5,269 $9,943 $829 $4,103
1998 $5,713 $9,890 $848 $3,952
1997 $5,331 $9,536 $827 $3,804
1996 $5,300 $8,806 $776 $3,582
1995 $4,929 $8,052 $742 $3,454
1994 $3,238 $7,337 $678 $3,260
1993 $2,448 $6,861 $607 $3,067
1992 $2,321 $7,326 $580 $2,851
1991 $4,001 $7,918 $546 $2,713
1990 $5,369 $9,526 $491 $2,527
1989 - - $430 -
1988 - - $434 -
1987 - - $420 -
1986 - - $407 -
1985 - - $385 -
1984 - - $391 -
1983 - - $336 -
1982 - - $312 -
1981 - - $292.5 -
1980 - - $271.1 -
1979 - - $230.8 -
1978 - - $191 -
1977 - - $292.1 -
1976 - - $260.3 -
1975 - - $279.8 -
1974 - - $268.7 -
1973 - - $220.2 -
1972 - - $199.4 -
1971 - - $188.8 -
1970 - - $186.9 -
1969 - - $163.6 -
1968 - - $153.5 -
1967 - - $162.3 -
1966 - - $156.6 -
1965 - - $155.6 -
1964 - - $122.9 -
1963 - - $119.4 -
1962 - - $141.4 -
1961 - - $145.9 -
1960 - - $145.9 -

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

GeoRank.org/economy/croatia/sri-lanka | CC BY

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Croatia Sri Lanka
Gross domestic product
$93B
2024
$99B
2024
GDP rank
75/197
2024
72/197
2024
GDP growth
3.83%
2023-2024
5.01%
2023-2024
GDP per capita
$24,050
2024
$4,516
2024
GDP per capita rank
50/197
2024
124/197
2024
GDP per capita, PPP
$49,551
2024
$15,633
2024
GDP per capita PPP rank
46/197
2024
111/197
2024
Government debt
$53.5B
2024
$99.8B
2024
Debt-to-GDP ratio
57.6%
2024
100.8%
2024
Government debt per person
$13,844
2024
$4,554
2024
Government debt per person rank
42/185
2024
85/185
2024
Average annual personal income after taxes
$20,856
2026
$2,874
2026
Market capitalization of domestic companies
$27.8B
2024
$19.5B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
23.3%
2023
30.8%
2019
Income share by poorest 10%
2.9%
2023
3.1%
2019
Government expenditure, % of GDP
48%
2024
19.3%
2024
Consumer prices inflation
2.97%
2023-2024
-0.43%
2023-2024
Central bank interest rate n/a
7.75%
2025
Unemployment rate
5.03%
2024
4.67%
2023
Population
3812193
22185425

Spending and national debt comparison by year

Croatia
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Croatia Sri Lanka
Government spending Government debt Government spending Government debt
2024 48% 57.6% 19.3% 100.8%
2023 46.8% 61.8% 19.5% 110.4%
2022 45% 68.5% 18.6% 115.9%
2021 48.1% 78.2% 20% 102.7%
2020 53.7% 86.5% 22.1% 96.9%
2019 44.3% 70.9% 19.5% 82.6%
2018 44.9% 72.8% 17.5% 83.6%
2017 44.1% 76.2% 17.9% 72.3%
2016 45.9% 79.3% 18.2% 75%
2015 47.5% 82.8% 19.3% 76.3%
2014 48.7% 83.2% 17.2% 69.6%
2013 47.9% 79.5% 16.6% 69.5%
2012 47.3% 68.9% 17.3% 67.5%
2011 48.6% 63.1% 19.1% 69.4%
2010 48.1% 56.8% 19.3% 68.7%
2009 49.2% 47.9% 21% 72.8%
2008 46.3% 38.9% 19.1% 68.8%
2007 46.3% 37.1% 19.9% 71.8%
2006 44.6% 38.4% 20.5% 74.3%
2005 46.5% 40.9% 20.1% 76.6%
2004 49% 40% 19.3% 86.5%
2003 49.6% 37.8% 19.3% 86.5%
2002 49.2% 36.5% 20.8% 96.3%
2001 50.6% 36.6% 22.4% 84.4%
2000 54.6% 35.4% 21.7% 79.2%
1999 58.9% 30% 20.5% 77.7%
1998 56.8% 23.3% 21.4% 74.2%
1997 51.7% 22.5% 21.4% 70.1%
1996 52.1% - 23.1% 76.2%
1995 50.3% - 24.8% 77.8%
1994 45.4% - 24.1% 77.9%
1993 36% - 23.2% 79.2%
1992 37.1% - 23% 77.9%
1991 - - 26.4% 80.5%
1990 - - 25.4% 78.9%

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/sri-lanka | CC BY

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 100.8% in Sri Lanka, ranking 86/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Croatia Sri Lanka
2024 -1.95% -5.64%
2023 -0.79% -8.32%
2022 0.12% -10.2%
2021 -2.58% -11.7%
2020 -7.23% -13.4%
2019 2.31% -7.52%
2018 0.23% -4.96%
2017 0.8% -5.1%
2016 -1.04% -5%
2015 -3.53% -6.64%
2014 -5.19% -5.99%
2013 -5.52% -5%
2012 -5.46% -5.44%
2011 -7.53% -6.01%
2010 -6.46% -6.73%
2009 -7.15% -8.33%
2008 -2.34% -5.93%
2007 -2.28% -5.81%
2006 -2.01% -5.91%
2005 -3.24% -5.93%
2004 -6.09% -6.32%
2003 -5.03% -6.15%
2002 -4.9% -6.9%
2001 -4.79% -8.48%
2000 -9.2% -7.78%
1999 -11.1% -5.58%
1998 -6.36% -6.79%
1997 -4.93% -5.71%
1996 -4.41% -6.89%
1995 -4.23% -7.11%
1994 -0.82% -7.41%
1993 -2.67% -5.77%
1992 -5.69% -4.95%
1991 - -7.97%
1990 - -6.39%

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

GeoRank.org/economy/croatia/sri-lanka | 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 Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Sri Lanka ran a deficit in 33 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 6.83% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Croatia

Sri Lanka
1x
Year Consumer prices inflation
Croatia Sri Lanka
2024 2.97% -0.43%
2023 7.94% 16.5%
2022 10.8% 49.7%
2021 2.55% 7.01%
2020 0.15% 6.15%
2019 0.77% 3.53%
2018 1.5% 2.14%
2017 1.13% 7.7%
2016 -1.12% 3.96%
2015 -0.46% 3.77%
2014 -0.22% 3.18%
2013 2.22% 6.91%
2012 3.41% 7.54%
2011 2.27% 6.72%
2010 1.03% 6.22%
2009 2.38% 3.46%
2008 6.08% 22.6%
2007 2.9% 15.8%
2006 3.19% 10%
2005 3.32% 11.6%
2004 2.06% 7.58%
2003 1.77% 6.31%
2002 1.67% 9.55%
2001 3.78% 14.2%
2000 4.61% 6.18%
1999 4.02% 4.69%
1998 6.4% 9.36%
1997 4.17% 9.57%

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

GeoRank.org/economy/croatia/sri-lanka | CC BY

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 9.34% in Sri Lanka. In 2024, inflation was 2.97% in Croatia and -0.43% in Sri Lanka.

Top exports between countries

Croatia
Export category Export value
Processed food, beverages & tobacco $350K
Raw agricultural goods $269K
Machinery & equipment $237K
Chemicals & pharma $92K
Textiles & consumer goods $90K
Raw materials & minerals $15K
Metals $14K
Sri Lanka
Export category Export value
Textiles & consumer goods $4.92M
Machinery & equipment $4.01M
Raw materials & minerals $327K
Raw agricultural goods $119K
Processed food, beverages & tobacco $95K
Chemicals & pharma $27K
Wood & paper products $23K
Metals $1K

Balance of trade

Croatia Sri Lanka
Current account balance
-$1.05B
2024
$1.21B
2024
Current account balance ranking
125/190
2024
53/190
2024
Current account balance, % of GDP
-1.13%
2024
+1.22%
2024
Goods imports
$41.5B
2024
$18.8B
2024
Goods exports
$21.9B
2024
$12.8B
2024
Service imports
$8.35B
2024
$3.48B
2024
Service exports
$24.7B
2024
$6.91B
2024
Imports of goods and services, % of GDP
54.8%
2024
22.5%
2024
Exports of goods and services, % of GDP
50.1%
2024
19.9%
2024

Economic freedom indices

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

Croatia Sri Lanka
Economic freedom 67.5 50.3
Economic freedom ranking 56/197 162/197
Property rights 81.1 47.3
Government integrity 52.6 37.3
Judicial effectiveness 71.7 47.2
Tax burden 70 77
Government spending 34.9 89
Fiscal health 92.2 0
Business freedom 79.6 60.1
Labor freedom 58.9 54.3
Monetary freedom 69.9 65.9
Trade freedom 79.4 65.6
Investment freedom 60 30
Financial freedom 60 30

Economic freedom comparison by year

Croatia
Sri Lanka
1x
Year Economic freedom index
Croatia Sri Lanka
2026 67.5 50.3
2025 68.7 49.4
2024 67.2 49.2
2023 66.4 52.2
2022 67.6 53.3
2021 63.6 55.7
2020 62.2 57.4
2019 61.4 56.4
2018 61 57.8
2017 59.4 57.4
2016 59.1 59.9
2015 61.5 58.6
2014 60.4 60
2013 61.3 60.7
2012 60.9 58.3
2011 61.1 57.1
2010 59.2 54.6
2009 55.1 56
2008 54.1 58.4
2007 53.4 59.4
2006 53.6 58.7
2005 51.9 61
2004 53.1 61.6
2003 53.3 62.5
2002 51.1 64
2001 50.7 66
2000 53.6 63.2
1999 53.1 64
1998 51.7 64.6
1997 46.7 65.5
1996 48 62.5
1995 - 60.6

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

GeoRank.org/economy/croatia/sri-lanka | CC BY

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Sri Lanka
Services, % of GDP
60.8%
2024
57.5%
2024
Industry, % of GDP
19.2%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
8.3%
2024
GNI, Atlas method
$86B
2024
$84.6B
2024
GNI per capita, PPP
$49,740
2024
$15,240
2024
Total reserves including gold
$3.34B
2024
$6.09B
2024
Total reserves ranking
116/177
2024
92/177
2024
Net foreign direct investment
-$1.88B
2024
-$651M
2024
Net inflows of foreign direct investment
$4.54B
2024
$761M
2024
Net outflows of foreign direct investment
$2.79B
2024
$110M
2024
Servicing debt to the IMF, % of GNI n/a
4.98%
2024
Poverty at national poverty lines
20.3%
2023
14.3%
2019
Gross capital formation, % of GDP
24.4%
2024
27%
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/sri-lanka | 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 (2020–2024, 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.

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.