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Economy of Croatia vs Switzerland compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $937B for Switzerland, ranking 75/197 and 20/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $351B (37.5% of GDP) in Switzerland.

Croatia vs Switzerland GDP by year

Croatia
Switzerland
1x
Year GDP, current $
Croatia Switzerland
2024 $92,983,810,329 $936,564,198,049
2023 $85,624,153,964 $894,424,821,645
2022 $71,196,498,671 $828,508,926,958
2021 $69,002,365,163 $815,309,330,987
2020 $57,959,843,541 $741,999,406,006
2019 $61,466,721,186 $721,369,112,727
2018 $61,667,925,219 $725,568,717,468
2017 $56,182,782,586 $695,200,833,086
2016 $52,650,714,172 $687,895,460,903
2015 $50,998,893,385 $694,118,186,380
2014 $59,606,934,501 $726,537,808,338
2013 $59,846,265,182 $706,234,937,371
2012 $57,548,115,904 $686,420,221,558
2011 $62,889,007,657 $715,888,126,682
2010 $58,975,205,417 $598,851,028,907
2009 $62,315,996,675 $554,212,916,092
2008 $68,472,854,617 $567,267,767,519
2007 $59,290,621,398 $490,740,715,595
2006 $49,583,544,860 $441,634,672,197
2005 $45,013,119,282 $418,284,865,885
2004 $41,836,292,157 $403,912,891,033
2003 $35,245,317,002 $362,075,086,508
2002 $26,757,722,429 $309,301,422,430
2001 $23,066,883,850 $286,582,672,434
2000 $22,134,411,297 $279,216,033,870
1999 $23,777,026,779 $297,873,643,323
1998 $25,890,228,430 $303,459,014,347
1997 $24,175,764,812 $294,788,198,856
1996 $24,150,978,347 $340,103,959,547
1995 $22,772,394,547 $352,835,806,342
1994 $15,062,911,617 $301,375,055,202
1993 $11,259,647,874 $272,237,527,071
1992 $10,621,169,291 $279,921,425,828
1991 $18,760,386,775 $268,901,693,863
1990 $25,650,213,280 $265,763,573,999
1989 - $208,105,846,934
1988 - $215,540,625,299
1987 - $199,236,370,038
1986 - $159,089,921,063
1985 - $110,980,314,192
1984 - $109,455,312,168
1983 - $114,634,358,535
1982 - $115,043,365,512
1981 - $112,244,805,519
1980 - $122,557,843,886
1979 - $114,970,094,425
1978 - $102,280,472,036
1977 - $73,135,771,167
1976 - $68,476,524,644
1975 - $65,466,081,819
1974 - $57,103,011,446
1973 - $49,550,006,320
1972 - $36,844,318,854
1971 - $30,040,171,751
1970 - $24,998,066,773
1969 - $22,442,043,274
1968 - $20,712,102,794
1967 - $19,397,044,714
1966 - $18,019,402,374
1965 - $16,780,226,225
1964 - $15,833,133,858
1963 - $14,283,872,299
1962 - $12,989,649,694
1961 - $11,713,348,834
1960 - $10,412,232,621

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

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

GDP per capita in Croatia vs Switzerland by year

Croatia
GDP per capita

GDP per capita, PPP
Switzerland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Switzerland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $103,998 $96,498
2023 $22,184 $47,760 $100,624 $95,142
2022 $18,466 $42,125 $94,395 $94,421
2021 $17,789 $36,930 $93,665 $81,001
2020 $14,808 $31,594 $85,898 $72,998
2019 $15,564 $33,064 $84,122 $73,732
2018 $15,460 $29,789 $85,217 $70,689
2017 $13,902 $27,888 $82,254 $68,194
2016 $12,820 $25,803 $82,153 $67,351
2015 $12,284 $23,750 $83,806 $65,265
2014 $14,187 $22,706 $88,725 $63,417
2013 $14,135 $22,430 $87,304 $61,656
2012 $13,508 $21,619 $85,836 $59,441
2011 $14,692 $21,191 $90,477 $57,494
2010 $13,730 $20,139 $76,531 $54,426
2009 $14,475 $20,358 $71,568 $52,999
2008 $15,888 $21,018 $74,175 $53,809
2007 $13,756 $19,568 $64,989 $50,928
2006 $11,501 $17,629 $59,011 $46,266
2005 $10,444 $15,451 $56,243 $41,525
2004 $9,719 $14,686 $54,659 $40,171
2003 $8,190 $13,692 $49,336 $38,732
2002 $6,220 $12,775 $42,459 $38,705
2001 $5,365 $11,653 $39,639 $37,819
2000 $4,954 $10,675 $38,865 $36,703
1999 $5,269 $9,943 $41,696 $34,743
1998 $5,713 $9,890 $42,681 $33,860
1997 $5,331 $9,536 $41,584 $32,736
1996 $5,300 $8,806 $48,093 $31,509
1995 $4,929 $8,052 $50,114 $30,842
1994 $3,238 $7,337 $43,092 $30,265
1993 $2,448 $6,861 $39,237 $29,495
1992 $2,321 $7,326 $40,714 $29,113
1991 $4,001 $7,918 $39,544 $28,792
1990 $5,369 $9,526 $39,575 $28,461
1989 - - $31,309 -
1988 - - $32,690 -
1987 - - $30,441 -
1986 - - $24,460 -
1985 - - $17,152 -
1984 - - $16,991 -
1983 - - $17,859 -
1982 - - $18,000 -
1981 - - $17,665 -
1980 - - $19,394 -
1979 - - $18,266 -
1978 - - $16,282 -
1977 - - $11,644 -
1976 - - $10,865 -
1975 - - $10,328 -
1974 - - $9,005 -
1973 - - $7,856 -
1972 - - $5,885 -
1971 - - $4,835 -
1970 - - $4,044 -
1969 - - $3,657 -
1968 - - $3,413 -
1967 - - $3,237 -
1966 - - $3,045 -
1965 - - $2,865 -
1964 - - $2,735 -
1963 - - $2,508 -
1962 - - $2,330 -
1961 - - $2,155 -
1960 - - $1,954 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $103,998 in Switzerland, ranking 5/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Switzerland ranks 8th at $96,498.

Economic indicators

Croatia Switzerland
Gross domestic product
$93B
2024
$937B
2024
GDP rank
75/197
2024
20/197
2024
GDP growth
3.83%
2023-2024
1.3%
2023-2024
GDP per capita
$24,050
2024
$103,998
2024
GDP per capita rank
50/197
2024
5/197
2024
GDP per capita, PPP
$49,551
2024
$96,498
2024
GDP per capita PPP rank
46/197
2024
8/197
2024
Government debt
$53.5B
2024
$351B
2024
Debt-to-GDP ratio
57.6%
2024
37.5%
2024
Government debt per person
$13,844
2024
$39,021
2024
Government debt per person rank
42/185
2024
15/185
2024
Average annual personal income after taxes
$20,856
2026
$85,867
2026
Market capitalization of domestic companies
$27.8B
2024
$1.97T
2024
Number of millionaires n/a
1,119,000
2025
Number of billionaires
1
2025
42
2025
Income share by richest 10%
23.3%
2023
26.6%
2022
Income share by poorest 10%
2.9%
2023
2.9%
2022
Government expenditure, % of GDP
48%
2024
31.9%
2024
Consumer prices inflation
2.97%
2023-2024
1.06%
2023-2024
Central bank interest rate n/a
0%
2025
Unemployment rate
5.03%
2024
4.34%
2024
Population
3812193
9107866

Spending and national debt comparison by year

Croatia
Spending

Debt
Switzerland
Spending

Debt
1x
Year % of GDP
Croatia Switzerland
Government spending Government debt Government spending Government debt
2024 48% 57.6% 31.9% 37.5%
2023 46.8% 61.8% 32.1% 38.7%
2022 45% 68.5% 31.6% 37.2%
2021 48.1% 78.2% 34.4% 41%
2020 53.7% 86.5% 37% 43.2%
2019 44.3% 70.9% 32% 39.6%
2018 44.9% 72.8% 31.7% 39.8%
2017 44.1% 76.2% 32.4% 41.8%
2016 45.9% 79.3% 32.4% 40.9%
2015 47.5% 82.8% 32.5% 42.2%
2014 48.7% 83.2% 32.2% 42.1%
2013 47.9% 79.5% 32.5% 41.9%
2012 47.3% 68.9% 31.7% 42.6%
2011 48.6% 63.1% 31.4% 41.9%
2010 48.1% 56.8% 31.4% 41.5%
2009 49.2% 47.9% 31.8% 43.1%
2008 46.3% 38.9% 30% 44.8%
2007 46.3% 37.1% 29.4% 44.8%
2006 44.6% 38.4% 30.5% 48.5%
2005 46.5% 40.9% 32.4% 54.9%
2004 49% 40% 33.1% 57.8%
2003 49.6% 37.8% 33.2% 56.9%
2002 49.2% 36.5% 34.1% 57.7%
2001 50.6% 36.6% 31.6% 51.1%
2000 54.6% 35.4% 32.2% 52.2%
1999 58.9% 30% 33.2% 52.7%
1998 56.8% 23.3% 32.7% 55.9%
1997 51.7% 22.5% 32.9% 53.7%
1996 52.1% - 33% 51.3%
1995 50.3% - 32.4% 50%
1994 45.4% - 32.5% 47.1%
1993 36% - 32.5% 44.4%
1992 37.1% - 31.3% 39.5%
1991 - - 29.5% 35.1%
1990 - - 27.6% 33.3%
1989 - - 30% 32.5%
1988 - - 30.3% 35%
1987 - - 29.8% 36.5%
1986 - - 29.8% 37.6%
1985 - - 30.1% 39.1%
1984 - - 30.4% 39.8%
1983 - - 31.2% 40.2%
1982 - - 30.5% 40%
1981 - - 29.4% 40.8%
1980 - - 29.9% 43.9%
1979 - - 30.5% 44.6%
1978 - - 30.4% 46.6%
1977 - - 31% 46.9%
1976 - - 31.6% 46.7%
1975 - - 29.3% 42.3%
1974 - - 27.5% 38.4%
1973 - - 26.5% 37%
1972 - - 25.7% 38%
1971 - - 25.4% 38.7%
1970 - - 25.8% 38.9%
1969 - - 9.45% 7.08%
1968 - - 8.87% 6.99%
1967 - - 8.68% 7.26%
1966 - - 8.95% 7.62%
1965 - - 8.33% 8.28%
1964 - - 8.85% 9.43%
1963 - - 8.2% 10.8%
1962 - - 8.1% 12%
1961 - - 7.97% 14%
1960 - - 7.11% 16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Switzerland spent $299B, or 31.9% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 37.5% in Switzerland, ranking 86/185 and 141/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Switzerland
1x
Year Deficit/surplus, % of GDP
Croatia Switzerland
2024 -1.95% 0.58%
2023 -0.79% 0.12%
2022 0.12% 1.19%
2021 -2.58% -0.29%
2020 -7.23% -3.01%
2019 2.31% 1.34%
2018 0.23% 1.29%
2017 0.8% 1.13%
2016 -1.04% 0.24%
2015 -3.53% 0.55%
2014 -5.19% -0.25%
2013 -5.52% -0.43%
2012 -5.46% 0.24%
2011 -7.53% 0.68%
2010 -6.46% 0.35%
2009 -7.15% 0.5%
2008 -2.34% 1.93%
2007 -2.28% 1.57%
2006 -2.01% 0.85%
2005 -3.24% -0.65%
2004 -6.09% -1.39%
2003 -5.03% -1.36%
2002 -4.9% -1.75%
2001 -4.79% 0.21%
2000 -9.2% 0.28%
1999 -11.1% -1.57%
1998 -6.36% -1.31%
1997 -4.93% -2.33%
1996 -4.41% -2.01%
1995 -4.23% -1.86%
1994 -0.82% -2.59%
1993 -2.67% -3.15%
1992 -5.69% -2.96%
1991 - -1.85%
1990 - -0.05%
1989 - 0.2%
1988 - 0.42%
1987 - 0.78%
1986 - 0.93%
1985 - -0.25%
1984 - -0.52%
1983 - -1.23%
1982 - -1.21%
1981 - -0.54%
1980 - -1.34%
1979 - -1.79%
1978 - -1.12%
1977 - -1.64%
1976 - -1.89%
1975 - -0.93%
1974 - -1.01%
1973 - -0.93%
1972 - -1.39%
1971 - -1.41%
1970 - -1.44%
1969 - -0.98%
1968 - -0.73%
1967 - -1.07%
1966 - -0.87%
1965 - 0.05%
1964 - 0.77%
1963 - 0.25%
1962 - 0.95%
1961 - 0.34%
1960 - 1.95%
1959 - 0.72%
1958 - 0.59%
1957 - 0.66%
1956 - 2.24%
1955 - 1.1%
1954 - 1.44%
1953 - 0.38%
1952 - -1.17%
1951 - -0.36%
1950 - 1.49%
1949 - 0.04%
1948 - 1.37%
1947 - 1.27%
1946 - 0.52%
1945 - -7.57%
1944 - -9.37%
1943 - -8.55%
1942 - -7.28%
1941 - -8.78%
1940 - -10%
1939 - -5.05%
1938 - -1.53%
1937 - -0.17%
1936 - -0.33%
1935 - -0.23%
1934 - -0.33%
1933 - -0.88%
1932 - -0.3%
1931 - 0.03%
1930 - 0.07%
1929 - 0.22%
1928 - -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.12%
1912 - 0.03%
1911 - -0.006%
1910 - -0.14%
1909 - -0.78%
1908 - -0.1%
1907 - -0.02%
1906 - 0.15%
1905 - 0.41%
1904 - 0.002%
1903 - 0.09%
1902 - 0.02%
1901 - -0.14%
1900 - -0.07%
1899 - 0.1%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/croatia/switzerland | 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 Switzerland's surplus of $5.4B, or 0.58% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Switzerland ran a deficit in 16 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 0.42% of GDP for Switzerland.

Inflation comparison by year

Inflation
Croatia

Switzerland
1x
Year Consumer prices inflation
Croatia Switzerland
2024 2.97% 1.06%
2023 7.94% 2.14%
2022 10.8% 2.84%
2021 2.55% 0.58%
2020 0.15% -0.73%
2019 0.77% 0.36%
2018 1.5% 0.94%
2017 1.13% 0.53%
2016 -1.12% -0.43%
2015 -0.46% -1.14%
2014 -0.22% -0.01%
2013 2.22% -0.22%
2012 3.41% -0.69%
2011 2.27% 0.23%
2010 1.03% 0.69%
2009 2.38% -0.48%
2008 6.08% 2.43%
2007 2.9% 0.73%
2006 3.19% 1.06%
2005 3.32% 1.17%
2004 2.06% 0.8%
2003 1.77% 0.64%
2002 1.67% 0.64%
2001 3.78% 0.99%
2000 4.61% 1.56%
1999 4.02% 0.81%
1998 6.4% 0.02%
1997 4.17% 0.52%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 0.61% in Switzerland. In 2024, inflation was 2.97% in Croatia and 1.06% in Switzerland.

Top exports between countries

Croatia
Export category Export value
Transport & tourism services $471M
Business & finance services $194M
Manufacturing & construction services $152M
Machinery & equipment $104M
Metals $84.9M
IT & IP services $68.1M
Chemicals & pharma $52.4M
Textiles & consumer goods $43.6M
Wood & paper products $43.5M
Processed food, beverages & tobacco $12.9M
Switzerland
Export category Export value
Chemicals & pharma $272M
Machinery & equipment $101M
IT & IP services $28.1M
Processed food, beverages & tobacco $20.8M
Wood & paper products $17.4M
Business & finance services $17.2M
Precious metals & jewellery $17.1M
Transport & tourism services $14.8M
Textiles & consumer goods $9.25M
Metals $6.51M

Balance of trade

Croatia Switzerland
Current account balance
-$1.05B
2024
$72B
2024
Current account balance ranking
125/190
2024
10/190
2024
Current account balance, % of GDP
-1.13%
2024
+7.69%
2024
Goods imports
$41.5B
2024
$371B
2024
Goods exports
$21.9B
2024
$502B
2024
Service imports
$8.35B
2024
$203B
2024
Service exports
$24.7B
2024
$186B
2024
Imports of goods and services, % of GDP
54.8%
2024
61.9%
2024
Exports of goods and services, % of GDP
50.1%
2024
72.2%
2024

Economic freedom indices

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

Croatia Switzerland
Economic freedom 67.5 83.7
Economic freedom ranking 56/197 2/197
Property rights 81.1 94.4
Government integrity 52.6 93.3
Judicial effectiveness 71.7 98.3
Tax burden 70 70.9
Government spending 34.9 69.5
Fiscal health 92.2 97.2
Business freedom 79.6 86.3
Labor freedom 58.9 60
Monetary freedom 69.9 82.3
Trade freedom 79.4 87
Investment freedom 60 85
Financial freedom 60 80

Economic freedom comparison by year

Croatia
Switzerland
1x
Year Economic freedom index
Croatia Switzerland
2026 67.5 83.7
2025 68.7 83.7
2024 67.2 83
2023 66.4 83.8
2022 67.6 84.2
2021 63.6 81.9
2020 62.2 82
2019 61.4 81.9
2018 61 81.7
2017 59.4 81.5
2016 59.1 81
2015 61.5 80.5
2014 60.4 81.6
2013 61.3 81
2012 60.9 81.1
2011 61.1 81.9
2010 59.2 81.1
2009 55.1 79.4
2008 54.1 79.5
2007 53.4 78
2006 53.6 78.9
2005 51.9 79.3
2004 53.1 79.5
2003 53.3 79
2002 51.1 79.3
2001 50.7 76
2000 53.6 76.8
1999 53.1 79.1
1998 51.7 79
1997 46.7 78.6
1996 48 76.8

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 83.7 for Switzerland, ranking 2/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Switzerland
Services, % of GDP
60.8%
2024
72%
2024
Industry, % of GDP
19.2%
2024
24.7%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
0.63%
2024
GNI, Atlas method
$86B
2024
$857B
2024
GNI per capita, PPP
$49,740
2024
$93,420
2024
Total reserves including gold
$3.34B
2024
$909B
2024
Total reserves ranking
116/177
2024
4/177
2024
Net foreign direct investment
-$1.88B
2024
$59.7B
2024
Net inflows of foreign direct investment
$4.54B
2024
-$108B
2024
Net outflows of foreign direct investment
$2.79B
2024
-$27.9B
2024
Poverty at national poverty lines
20.3%
2023
15.8%
2021
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/switzerland | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1899–1997, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, 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.