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Economy of Croatia vs Taiwan compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $802B for Taiwan, ranking 75/197 and 22/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $211B (26.3% of GDP) in Taiwan.

Croatia vs Taiwan GDP by year

Croatia
Taiwan
1x
Year GDP, current $
Croatia Taiwan
2024 $92,983,810,329 $801,529,000,000
2023 $85,624,153,964 $757,328,000,000
2022 $71,196,498,671 $765,529,000,000
2021 $69,002,365,163 $777,062,000,000
2020 $57,959,843,541 $676,935,000,000
2019 $61,466,721,186 $613,453,000,000
2018 $61,667,925,219 $610,744,000,000
2017 $56,182,782,586 $591,734,000,000
2016 $52,650,714,172 $543,002,000,000
2015 $50,998,893,385 $534,474,000,000
2014 $59,606,934,501 $535,332,000,000
2013 $59,846,265,182 $512,957,000,000
2012 $57,548,115,904 $495,536,000,000
2011 $62,889,007,657 $483,957,000,000
2010 $58,975,205,417 $444,245,000,000
2009 $62,315,996,675 $390,788,000,000
2008 $68,472,854,617 $415,824,000,000
2007 $59,290,621,398 $406,940,000,000
2006 $49,583,544,860 $386,492,000,000
2005 $45,013,119,282 $374,042,000,000
2004 $41,836,292,157 $346,881,000,000
2003 $35,245,317,002 $317,374,000,000
2002 $26,757,722,429 $307,429,000,000
2001 $23,066,883,850 $299,303,000,000
2000 $22,134,411,297 $330,725,000,000
1999 $23,777,026,779 $303,827,000,000
1998 $25,890,228,430 $279,926,000,000
1997 $24,175,764,812 $303,315,000,000
1996 $24,150,978,347 $292,473,000,000
1995 $22,772,394,547 $279,013,000,000
1994 $15,062,911,617 $256,213,000,000
1993 $11,259,647,874 $234,943,000,000
1992 $10,621,169,291 $222,947,000,000
1991 $18,760,386,775 $187,100,000,000
1990 $25,650,213,280 $166,392,000,000
1989 - $152,687,000,000
1988 - $126,378,000,000
1987 - $104,956,000,000
1986 - $78,347,000,000
1985 - $63,599,000,000
1984 - $61,036,000,000
1983 - $54,155,000,000
1982 - $49,540,000,000
1981 - $49,047,000,000
1980 - $42,292,000,000
1979 - $33,875,000,000
1978 - $27,373,000,000
1977 - $22,252,000,000
1976 - $18,988,000,000
1975 - $15,836,000,000
1974 - $14,739,000,000
1973 - $10,940,000,000
1972 - $8,063,000,000
1971 - $6,727,000,000
1970 - $5,785,000,000
1969 - $5,017,000,000
1968 - $4,325,000,000
1967 - $3,709,000,000
1966 - $3,207,000,000
1965 - $2,869,000,000
1964 - $2,592,000,000
1963 - $2,218,000,000
1962 - $1,960,000,000
1961 - $1,778,000,000
1960 - $1,743,000,000
1959 - $1,444,000,000
1958 - $1,836,000,000
1957 - $1,636,000,000
1956 - $1,399,000,000
1955 - $1,940,000,000
1954 - $1,628,000,000
1953 - $1,481,000,000
1952 - $1,677,000,000
1951 - $1,197,000,000

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Croatia vs Taiwan by year

Croatia
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $34,238 -
2023 $22,184 $47,760 $32,444 -
2022 $18,466 $42,125 $32,827 -
2021 $17,789 $36,930 $33,111 -
2020 $14,808 $31,594 $28,705 -
2019 $15,564 $33,064 $25,998 -
2018 $15,460 $29,789 $25,901 -
2017 $13,902 $27,888 $25,121 $50,500
2016 $12,820 $25,803 $23,091 -
2015 $12,284 $23,750 $22,780 $46,800
2014 $14,187 $22,706 $22,874 -
2013 $14,135 $22,430 $21,973 $39,600
2012 $13,508 $21,619 $21,295 $39,400
2011 $14,692 $21,191 $20,866 $38,200
2010 $13,730 $20,139 $19,197 $35,700
2009 $14,475 $20,358 $16,933 $32,000
2008 $15,888 $21,018 $18,081 $31,100
2007 $13,756 $19,568 $17,757 $30,100
2006 $11,501 $17,629 $16,934 $29,500
2005 $10,444 $15,451 $16,456 $27,500
2004 $9,719 $14,686 $15,317 $25,300
2003 $8,190 $13,692 $14,066 $23,400
2002 $6,220 $12,775 $13,686 $18,000
2001 $5,365 $11,653 $13,397 $17,200
2000 $4,954 $10,675 $14,908 $17,400
1999 $5,269 $9,943 $13,804 $16,100
1998 $5,713 $9,890 $12,820 -
1997 $5,331 $9,536 $14,020 -
1996 $5,300 $8,806 $13,641 -
1995 $4,929 $8,052 $13,119 -
1994 $3,238 $7,337 $12,150 -
1993 $2,448 $6,861 $11,242 -
1992 $2,321 $7,326 $10,768 -
1991 $4,001 $7,918 $9,125 -
1990 $5,369 $9,526 $8,205 -
1989 - - $7,613 -
1988 - - $6,370 -
1987 - - $5,350 -
1986 - - $4,036 -
1985 - - $3,314 -
1984 - - $3,224 -
1983 - - $2,903 -
1982 - - $2,699 -
1981 - - $2,720 -
1980 - - $2,389 -
1979 - - $1,950 -
1978 - - $1,606 -
1977 - - $1,330 -
1976 - - $1,158 -
1975 - - $985 -
1974 - - $934 -
1973 - - $706 -
1972 - - $530 -
1971 - - $451 -
1970 - - $397 -
1969 - - $357 -
1968 - - $319 -
1967 - - $280.8 -
1966 - - $249.1 -
1965 - - $229.3 -
1964 - - $213.6 -
1963 - - $188.6 -
1962 - - $172 -
1961 - - $161.2 -
1960 - - $163.4 -
1959 - - $140.4 -
1958 - - $185.1 -
1957 - - $170.5 -
1956 - - $150.6 -
1955 - - $216.3 -
1954 - - $188.3 -
1953 - - $177.7 -
1952 - - $208.4 -
1951 - - $154.3 -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-02-20).

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $34,238 in Taiwan, ranking 35/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Taiwan ranks 44th at $50,500.

Economic indicators

Croatia Taiwan
Gross domestic product
$93B
2024
$802B
2024
GDP rank
75/197
2024
22/197
2024
GDP growth
3.83%
2023-2024
2.3%
2023-2024
GDP per capita
$24,050
2024
$34,238
2024
GDP per capita rank
50/197
2024
35/197
2024
GDP per capita, PPP
$49,551
2024
$50,500
2017
GDP per capita PPP rank
46/197
2024
44/197
2017
Government debt
$53.5B
2024
$211B
2024
Debt-to-GDP ratio
57.6%
2024
26.3%
2024
Government debt per person
$13,844
2024
$9,020
2024
Government debt per person rank
42/185
2024
59/185
2024
Average annual personal income after taxes
$20,856
2026
$18,163
2026
Market capitalization of domestic companies
$27.8B
2024
n/a
Number of millionaires n/a
759,000
2025
Number of billionaires
1
2025
54
2025
Income share by richest 10%
23.3%
2023
n/a
Income share by poorest 10%
2.9%
2023
n/a
Government expenditure, % of GDP
48%
2024
15.8%
2024
Consumer prices inflation
2.97%
2023-2024
2.2%
2023-2024
Central bank interest rate n/a
2%
2024
Unemployment rate
5.03%
2024
3.35%
2025
Population
3812193
23229461

Spending and national debt comparison by year

Croatia
Spending

Debt
Taiwan
Spending

Debt
1x
Year % of GDP
Croatia Taiwan
Government spending Government debt Government spending Government debt
2024 48% 57.6% 15.8% 26.3%
2023 46.8% 61.8% 17.1% 29%
2022 45% 68.5% 16% 29.5%
2021 48.1% 78.2% 15.4% 30.1%
2020 53.7% 86.5% 16.2% 32%
2019 44.3% 70.9% 15.3% 32.6%
2018 44.9% 72.8% 15.4% 33.8%
2017 44.1% 76.2% 15.4% 34.5%
2016 45.9% 79.3% 15.6% 35.4%
2015 47.5% 82.8% 15.5% 35.9%
2014 48.7% 83.2% - 37.5%
2013 47.9% 79.5% - 38.9%
2012 47.3% 68.9% - 39.2%
2011 48.6% 63.1% 18.3% 38.3%
2010 48.1% 56.8% - 36.9%
2009 49.2% 47.9% - 36.7%
2008 46.3% 38.9% - 33.4%
2007 46.3% 37.1% - 32.2%
2006 44.6% 38.4% - 33.3%
2005 46.5% 40.9% - 34.1%
2004 49% 40% - 33.4%
2003 49.6% 37.8% - 32.1%
2002 49.2% 36.5% - 29.8%
2001 50.6% 36.6% 22.5% 30.1%
2000 54.6% 35.4% - 26.2%
1999 58.9% 30% - 23.7%
1998 56.8% 23.3% - 23.7%
1997 51.7% 22.5% - 25%
1996 52.1% - - -
1995 50.3% - - -
1994 45.4% - - -
1993 36% - - -
1992 37.1% - - -
1991 - - 25.4% -
1990 - - - -
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - 23.6% -
1980 - - - -
1979 - - - -
1978 - - - -
1977 - - - -
1976 - - 21.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09); International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Taiwan spent $127B, or 15.8% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 26.3% in Taiwan, ranking 86/185 and 160/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Taiwan
1x
Year Deficit/surplus, % of GDP
Croatia Taiwan
2024 -1.95% 0.43%
2023 -0.79% -0.61%
2022 0.12% 0.17%
2021 -2.58% -0.18%
2020 -7.23% -1.03%
2019 2.31% 0.11%
2018 0.23% 0.02%
2017 0.8% -0.14%
2016 -1.04% -0.31%
2015 -3.53% 0.1%
2014 -5.19% -
2013 -5.52% -
2012 -5.46% -
2011 -7.53% -2.15%
2010 -6.46% -
2009 -7.15% -
2008 -2.34% -
2007 -2.28% -
2006 -2.01% -
2005 -3.24% -
2004 -6.09% -
2003 -5.03% -
2002 -4.9% -
2001 -4.79% -3.71%
2000 -9.2% -
1999 -11.1% -
1998 -6.36% -
1997 -4.93% -
1996 -4.41% -
1995 -4.23% -
1994 -0.82% -
1993 -2.67% -
1992 -5.69% -
1991 - -4.5%
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -0.78%
1980 - -
1979 - -
1978 - -
1977 - -
1976 - 1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

GeoRank.org/economy/croatia/taiwan | 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 Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Taiwan ran a deficit in 7 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 0.61% of GDP for Taiwan.

Inflation comparison by year

Inflation
Croatia

Taiwan
1x
Year Consumer prices inflation
Croatia Taiwan
2024 2.97% 2.2%
2023 7.94% 2.5%
2022 10.8% 2.9%
2021 2.55% 2%
2020 0.15% -0.2%
2019 0.77% 0.6%
2018 1.5% 1.4%
2017 1.13% 0.6%
2016 -1.12% 1.4%
2015 -0.46% -0.3%
2014 -0.22% 1.2%
2013 2.22% 0.8%
2012 3.41% 1.9%
2011 2.27% 1.4%
2010 1.03% 1%
2009 2.38% -0.9%
2008 6.08% 3.5%
2007 2.9% 1.8%
2006 3.19% 0.6%
2005 3.32% 2.3%
2004 2.06% 1.6%
2003 1.77% -0.3%
2002 1.67% -0.2%
2001 3.78% 0%
2000 4.61% 1.2%
1999 4.02% 0.2%
1998 6.4% 1.7%
1997 4.17% 0.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 1.14% in Taiwan. In 2024, inflation was 2.97% in Croatia and 2.2% in Taiwan.

Balance of trade

Croatia Taiwan
Current account balance
-$1.05B
2024
$113B
2024
Current account balance ranking
125/190
2024
4/190
2024
Current account balance, % of GDP
-1.13%
2024
+14.1%
2024
Goods imports
$41.5B
2024
n/a
Goods exports
$21.9B
2024
n/a
Service imports
$8.35B
2024
n/a
Service exports
$24.7B
2024
n/a
Imports of goods and services, % of GDP
54.8%
2024
50.2%
2024
Exports of goods and services, % of GDP
50.1%
2024
63.3%
2024

Economic freedom indices

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

Croatia Taiwan
Economic freedom 67.5 79.8
Economic freedom ranking 56/197 6/197
Property rights 81.1 83.4
Government integrity 52.6 74.3
Judicial effectiveness 71.7 94.3
Tax burden 70 78.9
Government spending 34.9 90
Fiscal health 92.2 92.9
Business freedom 79.6 78.6
Labor freedom 58.9 69
Monetary freedom 69.9 80.3
Trade freedom 79.4 86
Investment freedom 60 70
Financial freedom 60 60

Economic freedom comparison by year

Croatia
Taiwan
1x
Year Economic freedom index
Croatia Taiwan
2026 67.5 79.8
2025 68.7 79.7
2024 67.2 80
2023 66.4 80.7
2022 67.6 80.1
2021 63.6 78.6
2020 62.2 77.1
2019 61.4 77.3
2018 61 76.6
2017 59.4 76.5
2016 59.1 74.7
2015 61.5 75.1
2014 60.4 73.9
2013 61.3 72.7
2012 60.9 71.9
2011 61.1 70.8
2010 59.2 70.4
2009 55.1 69.5
2008 54.1 70.3
2007 53.4 69.4
2006 53.6 69.7
2005 51.9 71.3
2004 53.1 69.6
2003 53.3 71.7
2002 51.1 71.3
2001 50.7 72.8
2000 53.6 72.5
1999 53.1 71.5
1998 51.7 70.4
1997 46.7 70
1996 48 74.1
1995 - 74.2

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 79.8 for Taiwan, ranking 6/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Taiwan
Services, % of GDP
60.8%
2024
58.8%
2024
Industry, % of GDP
19.2%
2024
39.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
1.47%
2024
GNI, Atlas method
$86B
2024
$832B
2024
GNI per capita, PPP
$49,740
2024
n/a
Total reserves including gold
$3.34B
2024
n/a
Total reserves ranking
116/177
2024
n/a
Net foreign direct investment
-$1.88B
2024
n/a
Net inflows of foreign direct investment
$4.54B
2024
n/a
Net outflows of foreign direct investment
$2.79B
2024
n/a
Poverty at national poverty lines
20.3%
2023
1.5%
2020
Gross capital formation, % of GDP
24.4%
2024
26.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); National Statistics, Taiwan (1985–2024, retrieved 2026-02-09); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. National Statistics, Taiwan (1951–2025, retrieved 2026-02-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.