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Economy of Croatia vs Tonga compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $591M for Tonga, ranking 75/197 and 191/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $256M (37% of GDP) in Tonga.

Croatia vs Tonga GDP by year

Croatia
Tonga
1x
Year GDP, current $
Croatia Tonga
2024 $92,983,810,329 -
2023 $85,624,153,964 $591,139,749
2022 $71,196,498,671 $556,514,555
2021 $69,002,365,163 $519,306,353
2020 $57,959,843,541 $506,571,468
2019 $61,466,721,186 $506,031,239
2018 $61,667,925,219 $493,530,783
2017 $56,182,782,586 $459,976,850
2016 $52,650,714,172 $420,828,262
2015 $50,998,893,385 $437,525,514
2014 $59,606,934,501 $440,997,738
2013 $59,846,265,182 $451,788,498
2012 $57,548,115,904 $471,122,971
2011 $62,889,007,657 $414,143,828
2010 $58,975,205,417 $366,887,375
2009 $62,315,996,675 $312,415,028
2008 $68,472,854,617 $344,438,844
2007 $59,290,621,398 $298,519,623
2006 $49,583,544,860 $292,232,703
2005 $45,013,119,282 $261,823,805
2004 $41,836,292,157 $230,678,011
2003 $35,245,317,002 $202,246,591
2002 $26,757,722,429 $182,764,281
2001 $23,066,883,850 $181,117,230
2000 $22,134,411,297 $204,848,488
1999 $23,777,026,779 $199,208,718
1998 $25,890,228,430 $191,504,893
1997 $24,175,764,812 $214,991,452
1996 $24,150,978,347 $222,100,576
1995 $22,772,394,547 $208,871,666
1994 $15,062,911,617 $195,990,986
1993 $11,259,647,874 $138,489,884
1992 $10,621,169,291 $137,066,291
1991 $18,760,386,775 $132,201,141
1990 $25,650,213,280 $113,563,822
1989 - $106,344,855
1988 - $106,657,267
1987 - $81,667,133
1986 - $68,195,856
1985 - $60,058,663
1984 - $64,248,355
1983 - $60,863,964
1982 - $62,068,161
1981 - $62,242,013
1980 - $53,260,077
1979 - $44,667,002
1978 - $41,567,472
1977 - $34,139,388
1976 - $30,036,417
1975 - $32,506,742

Data sources: World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06).

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

GDP per capita in Croatia vs Tonga by year

Croatia
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 - -
2023 $22,184 $47,760 $5,652 $7,803
2022 $18,466 $42,125 $5,298 $7,296
2021 $17,789 $36,930 $4,923 $6,929
2020 $14,808 $31,594 $4,792 $6,676
2019 $15,564 $33,064 $4,789 $6,473
2018 $15,460 $29,789 $4,675 $6,393
2017 $13,902 $27,888 $4,366 $6,229
2016 $12,820 $25,803 $3,988 $5,920
2015 $12,284 $23,750 $4,124 $5,472
2014 $14,187 $22,706 $4,137 $5,336
2013 $14,135 $22,430 $4,219 $5,120
2012 $13,508 $21,619 $4,384 $4,996
2011 $14,692 $21,191 $3,850 $4,855
2010 $13,730 $20,139 $3,416 $4,465
2009 $14,475 $20,358 $2,914 $4,384
2008 $15,888 $21,018 $3,218 $4,600
2007 $13,756 $19,568 $2,797 $4,316
2006 $11,501 $17,629 $2,750 $4,327
2005 $10,444 $15,451 $2,478 $4,315
2004 $9,719 $14,686 $2,195 $4,235
2003 $8,190 $13,692 $1,936 $4,231
2002 $6,220 $12,775 $1,759 $4,171
2001 $5,365 $11,653 $1,754 $3,955
2000 $4,954 $10,675 $1,995 $3,834
1999 $5,269 $9,943 $1,952 $3,636
1998 $5,713 $9,890 $1,889 $3,527
1997 $5,331 $9,536 $2,136 $3,434
1996 $5,300 $8,806 $2,215 $3,410
1995 $4,929 $8,052 $2,084 $3,347
1994 $3,238 $7,337 $1,957 $3,088
1993 $2,448 $6,861 $1,383 $2,882
1992 $2,321 $7,326 $1,370 $2,716
1991 $4,001 $7,918 $1,323 $2,652
1990 $5,369 $9,526 $1,139 $2,416
1989 - - $1,070 -
1988 - - $1,078 -
1987 - - $830 -
1986 - - $696 -
1985 - - $613 -
1984 - - $656 -
1983 - - $621 -
1982 - - $633 -
1981 - - $636 -
1980 - - $545 -
1979 - - $458 -
1978 - - $428 -
1977 - - $353 -
1976 - - $315 -
1975 - - $349 -

Data sources: World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06).

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Tonga ranks 144th at $7,803.

Economic indicators

Croatia Tonga
Gross domestic product
$93B
2024
$591M
2023
GDP rank
75/197
2024
191/197
2023
GDP growth
3.83%
2023-2024
2.79%
2022-2023
GDP per capita
$24,050
2024
$5,652
2023
GDP per capita rank
50/197
2024
115/197
2023
GDP per capita, PPP
$49,551
2024
$7,803
2023
GDP per capita PPP rank
46/197
2024
144/197
2023
Government debt
$53.5B
2024
$256M
2023
Debt-to-GDP ratio
57.6%
2024
37%
2024
Government debt per person
$13,844
2024
$2,445
2023
Government debt per person rank
42/185
2024
111/185
2023
Average annual personal income after taxes
$20,856
2026
$3,886
2026
Market capitalization of domestic companies
$27.8B
2024
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
23.3%
2023
22%
2021
Income share by poorest 10%
2.9%
2023
4%
2021
Government expenditure, % of GDP
48%
2024
51.3%
2024
Consumer prices inflation
2.97%
2023-2024
3.18%
2023-2024
Unemployment rate
5.03%
2024
1.65%
2023
Population
3812193
103309

Spending and national debt comparison by year

Croatia
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Croatia Tonga
Government spending Government debt Government spending Government debt
2024 48% 57.6% 51.3% 37%
2023 46.8% 61.8% 48.2% 43.3%
2022 45% 68.5% 44.4% 43.2%
2021 48.1% 78.2% 44.6% 43%
2020 53.7% 86.5% 37.9% 42.6%
2019 44.3% 70.9% 39.9% 42.8%
2018 44.9% 72.8% 39.6% 45.8%
2017 44.1% 76.2% 39.7% 44.7%
2016 45.9% 79.3% 37.2% 49.4%
2015 47.5% 82.8% 37.4% 51.1%
2014 48.7% 83.2% 31.5% 47.4%
2013 47.9% 79.5% 34.3% 48.9%
2012 47.3% 68.9% 32% 60%
2011 48.6% 63.1% 32.6% 51.9%
2010 48.1% 56.8% 28.4% 44.7%
2009 49.2% 47.9% 23.9% 39.7%
2008 46.3% 38.9% 24% 34%
2007 46.3% 37.1% 23.2% 37.8%
2006 44.6% 38.4% 25.6% 39.6%
2005 46.5% 40.9% 19.8% 43.3%
2004 49% 40% 19.3% 52.2%
2003 49.6% 37.8% 20% 56.2%
2002 49.2% 36.5% 21.3% 60.7%
2001 50.6% 36.6% 19.1% 53.4%
2000 54.6% 35.4% 20% 43.6%
1999 58.9% 30% 18.8% 38.4%
1998 56.8% 23.3% - -
1997 51.7% 22.5% - -
1996 52.1% - - -
1995 50.3% - - -
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/tonga | CC BY

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 37% in Tonga, ranking 86/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Tonga
1x
Year Deficit/surplus, % of GDP
Croatia Tonga
2024 -1.95% 4.17%
2023 -0.79% 6.14%
2022 0.12% -0.1%
2021 -2.58% -0.87%
2020 -7.23% 5.25%
2019 2.31% 3.28%
2018 0.23% 2.92%
2017 0.8% 3.58%
2016 -1.04% 1.47%
2015 -3.53% -2.75%
2014 -5.19% 6.38%
2013 -5.52% -1.3%
2012 -5.46% -1.74%
2011 -7.53% -6.02%
2010 -6.46% -1.22%
2009 -7.15% 6.85%
2008 -2.34% 2.14%
2007 -2.28% 5.39%
2006 -2.01% 1.34%
2005 -3.24% 4.23%
2004 -6.09% 4.23%
2003 -5.03% 2.37%
2002 -4.9% 2.59%
2001 -4.79% 2.23%
2000 -9.2% 1.35%
1999 -11.1% 1.55%
1998 -6.36% -
1997 -4.93% -
1996 -4.41% -
1995 -4.23% -
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/tonga | CC BY

In 2023, Croatia's government deficit, the difference between spending and revenue, was $678M, equivalent to 0.79% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Croatia recorded a fiscal deficit in 21 of those years, while Tonga ran a deficit in 7 years. On average, Croatia posted an annual deficit equal to 4% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Croatia

Tonga
1x
Year Consumer prices inflation
Croatia Tonga
2024 2.97% 3.18%
2023 7.94% 6.35%
2022 10.8% 11%
2021 2.55% 5.64%
2020 0.15% -0.35%
2019 0.77% 1.18%
2018 1.5% 5.03%
2017 1.13% 7.52%
2016 -1.12% 2.58%
2015 -0.46% -1.05%
2014 -0.22% 2.51%
2013 2.22% 0.78%
2012 3.41% 1.15%
2011 2.27% 6.27%
2010 1.03% 3.53%
2009 2.38% 1.43%
2008 6.08% 10.4%
2007 2.9% 5.84%
2006 3.19% 6.15%
2005 3.32% 8.67%
2004 2.06% 11%
2003 1.77% 11.6%
2002 1.67% 10.4%
2001 3.78% 8.29%
2000 4.61% 6.33%
1999 4.02% 4.46%
1998 6.4% 3.27%
1997 4.17% 2.12%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 5.19% in Tonga. In 2024, inflation was 2.97% in Croatia and 3.18% in Tonga.

Balance of trade

Croatia Tonga
Current account balance
-$1.05B
2024
-$43.5M
2024
Current account balance ranking
125/190
2024
83/190
2024
Current account balance, % of GDP
-1.13%
2024
-7.93%
2023
Goods imports
$41.5B
2024
$232M
2024
Goods exports
$21.9B
2024
$10.8M
2024
Service imports
$8.35B
2024
$161M
2024
Service exports
$24.7B
2024
$93.6M
2024
Imports of goods and services, % of GDP
54.8%
2024
64.9%
2023
Exports of goods and services, % of GDP
50.1%
2024
14.7%
2023

Economic freedom indices

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

Croatia Tonga
Economic freedom 67.5 58.9
Economic freedom ranking 56/197 107/197
Property rights 81.1 71.1
Government integrity 52.6 45.1
Judicial effectiveness 71.7 64.9
Tax burden 70 85.6
Government spending 34.9 31
Fiscal health 92.2 97.3
Business freedom 79.6 59.2
Labor freedom 58.9 55.9
Monetary freedom 69.9 61
Trade freedom 79.4 75.4
Investment freedom 60 40
Financial freedom 60 20

Economic freedom comparison by year

Croatia
Tonga
1x
Year Economic freedom index
Croatia Tonga
2026 67.5 58.9
2025 68.7 58.5
2024 67.2 59.2
2023 66.4 60
2022 67.6 60.8
2021 63.6 57.5
2020 62.2 58.8
2019 61.4 57.7
2018 61 63.1
2017 59.4 63
2016 59.1 59.6
2015 61.5 59.3
2014 60.4 58.2
2013 61.3 56
2012 60.9 57
2011 61.1 55.8
2010 59.2 53.4
2009 55.1 54.1
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/tonga | CC BY

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Tonga
Services, % of GDP
60.8%
2024
50%
2023
Industry, % of GDP
19.2%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
19%
2023
GNI, Atlas method
$86B
2024
$619M
2023
GNI per capita, PPP
$49,740
2024
$8,400
2023
Total reserves including gold
$3.34B
2024
$377M
2024
Total reserves ranking
116/177
2024
163/177
2024
Net foreign direct investment
-$1.88B
2024
$13.3M
2024
Net inflows of foreign direct investment
$4.54B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$2.79B
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI n/a
2.76%
2023
Poverty at national poverty lines
20.3%
2023
20.6%
2021
Gross capital formation, % of GDP
24.4%
2024
25.9%
2023

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/tonga | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1975–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. 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.