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Economy of Croatia vs Uruguay compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $81B for Uruguay, ranking 75/197 and 81/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Croatia vs Uruguay GDP by year

Croatia
Uruguay
1x
Year GDP, current $
Croatia Uruguay
2024 $92,983,810,329 $80,961,511,074
2023 $85,624,153,964 $77,991,666,838
2022 $71,196,498,671 $70,594,110,920
2021 $69,002,365,163 $60,739,084,241
2020 $57,959,843,541 $53,559,359,262
2019 $61,466,721,186 $62,222,313,619
2018 $61,667,925,219 $65,344,577,416
2017 $56,182,782,586 $65,005,997,963
2016 $52,650,714,172 $57,480,787,465
2015 $50,998,893,385 $57,680,327,999
2014 $59,606,934,501 $61,496,186,974
2013 $59,846,265,182 $61,337,621,934
2012 $57,548,115,904 $54,232,266,359
2011 $62,889,007,657 $50,342,406,067
2010 $58,975,205,417 $41,950,361,212
2009 $62,315,996,675 $32,708,319,078
2008 $68,472,854,617 $31,119,602,539
2007 $59,290,621,398 $23,797,773,024
2006 $49,583,544,860 $19,741,420,740
2005 $45,013,119,282 $17,362,857,684
2004 $41,836,292,157 $13,686,329,890
2003 $35,245,317,002 $12,045,638,352
2002 $26,757,722,429 $13,606,515,723
2001 $23,066,883,850 $20,898,761,742
2000 $22,134,411,297 $22,823,270,892
1999 $23,777,026,779 $23,983,945,191
1998 $25,890,228,430 $25,385,886,978
1997 $24,175,764,812 $23,969,739,234
1996 $24,150,978,347 $20,515,458,114
1995 $22,772,394,547 $19,297,663,097
1994 $15,062,911,617 $17,474,588,896
1993 $11,259,647,874 $15,002,136,971
1992 $10,621,169,291 $12,878,148,791
1991 $18,760,386,775 $11,206,176,651
1990 $25,650,213,280 $9,298,807,850
1989 - $8,438,951,476
1988 - $8,213,538,369
1987 - $7,367,494,080
1986 - $5,880,112,788
1985 - $4,732,017,873
1984 - $4,850,238,550
1983 - $5,102,276,308
1982 - $9,178,780,077
1981 - $11,048,301,421
1980 - $10,163,020,116
1979 - $7,181,182,224
1978 - $4,910,254,566
1977 - $4,114,670,014
1976 - $3,667,161,241
1975 - $3,538,278,047
1974 - $4,090,209,682
1973 - $3,964,296,443
1972 - $2,189,418,689
1971 - $2,807,258,065
1970 - $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

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

GDP per capita in Croatia vs Uruguay by year

Croatia
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 $23,907 $36,418
2023 $22,184 $47,760 $23,019 $34,471
2022 $18,466 $42,125 $20,819 $33,001
2021 $17,789 $36,930 $17,882 $29,432
2020 $14,808 $31,594 $15,758 $25,725
2019 $15,564 $33,064 $18,316 $25,783
2018 $15,460 $29,789 $19,250 $24,386
2017 $13,902 $27,888 $19,185 $23,607
2016 $12,820 $25,803 $17,010 $22,841
2015 $12,284 $23,750 $17,126 $22,169
2014 $14,187 $22,706 $18,322 $21,868
2013 $14,135 $22,430 $18,335 $20,661
2012 $13,508 $21,619 $16,260 $19,495
2011 $14,692 $21,191 $15,132 $19,135
2010 $13,730 $20,139 $12,641 $17,873
2009 $14,475 $20,358 $9,881 $16,422
2008 $15,888 $21,018 $9,424 $15,694
2007 $13,756 $19,568 $7,222 $14,397
2006 $11,501 $17,629 $6,001 $13,179
2005 $10,444 $15,451 $5,284 $12,296
2004 $9,719 $14,686 $4,169 $11,103
2003 $8,190 $13,692 $3,671 $10,303
2002 $6,220 $12,775 $4,150 $10,030
2001 $5,365 $11,653 $6,383 $10,719
2000 $4,954 $10,675 $6,988 $10,929
1999 $5,269 $9,943 $7,371 $10,938
1998 $5,713 $9,890 $7,837 $11,002
1997 $5,331 $9,536 $7,436 $10,461
1996 $5,300 $8,806 $6,398 $9,524
1995 $4,929 $8,052 $6,050 $8,906
1994 $3,238 $7,337 $5,508 $8,897
1993 $2,448 $6,861 $4,753 $8,162
1992 $2,321 $7,326 $4,102 $7,808
1991 $4,001 $7,918 $3,589 $7,112
1990 $5,369 $9,526 $2,995 $6,683
1989 - - $2,734 -
1988 - - $2,677 -
1987 - - $2,416 -
1986 - - $1,939 -
1985 - - $1,568 -
1984 - - $1,615 -
1983 - - $1,707 -
1982 - - $3,085 -
1981 - - $3,728 -
1980 - - $3,443 -
1979 - - $2,443 -
1978 - - $1,678 -
1977 - - $1,414 -
1976 - - $1,268 -
1975 - - $1,232 -
1974 - - $1,433 -
1973 - - $1,397 -
1972 - - $776 -
1971 - - $1,000 -
1970 - - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Uruguay ranks 61st at $36,418.

Economic indicators

Croatia Uruguay
Gross domestic product
$93B
2024
$81B
2024
GDP rank
75/197
2024
81/197
2024
GDP growth
3.83%
2023-2024
3.11%
2023-2024
GDP per capita
$24,050
2024
$23,907
2024
GDP per capita rank
50/197
2024
52/197
2024
GDP per capita, PPP
$49,551
2024
$36,418
2024
GDP per capita PPP rank
46/197
2024
61/197
2024
Government debt
$53.5B
2024
$55.6B
2024
Debt-to-GDP ratio
57.6%
2024
68.7%
2024
Government debt per person
$13,844
2024
$16,421
2024
Government debt per person rank
42/185
2024
38/185
2024
Average annual personal income after taxes
$20,856
2026
$12,433
2026
Market capitalization of domestic companies
$27.8B
2024
$284M
1996
Number of billionaires
1
2025
n/a
Income share by richest 10%
23.3%
2023
30%
2024
Income share by poorest 10%
2.9%
2023
2.2%
2024
Government expenditure, % of GDP
48%
2024
31.1%
2024
Consumer prices inflation
2.97%
2023-2024
4.85%
2023-2024
Central bank interest rate n/a
8.25%
2025
Unemployment rate
5.03%
2024
8.21%
2024
Population
3812193
3382789

Spending and national debt comparison by year

Croatia
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Croatia Uruguay
Government spending Government debt Government spending Government debt
2024 48% 57.6% 31.1% 68.7%
2023 46.8% 61.8% 30.5% 64%
2022 45% 68.5% 30% 59.9%
2021 48.1% 78.2% 30.2% 64.1%
2020 53.7% 86.5% 32.8% 68.2%
2019 44.3% 70.9% 30.6% 59.6%
2018 44.9% 72.8% 30.3% 57.9%
2017 44.1% 76.2% 29.7% 55.8%
2016 45.9% 79.3% 29.7% 56.4%
2015 47.5% 82.8% 28.4% 57.8%
2014 48.7% 83.2% 29.1% 51.1%
2013 47.9% 79.5% 28.8% 50%
2012 47.3% 68.9% 27.7% 49.8%
2011 48.6% 63.1% 26.3% 41.3%
2010 48.1% 56.8% 27.4% 40.9%
2009 49.2% 47.9% 27.2% 46.2%
2008 46.3% 38.9% 26.3% 46.2%
2007 46.3% 37.1% 26.8% 52.8%
2006 44.6% 38.4% 26.8% 61.1%
2005 46.5% 40.9% 26.3% 66.2%
2004 49% 40% 26.6% 73.7%
2003 49.6% 37.8% 27.7% 91.9%
2002 49.2% 36.5% 27.6% 90.1%
2001 50.6% 36.6% 27.8% 39.4%
2000 54.6% 35.4% 26.6% 30.5%
1999 58.9% 30% 27.2% 24.1%
1998 56.8% 23.3% 27.3% 19.4%
1997 51.7% 22.5% 27.6% 18.8%
1996 52.1% - 26.5% 18.3%
1995 50.3% - 26.2% 18.5%
1994 45.4% - 29.5% 19.3%
1993 36% - 27.7% 20%
1992 37.1% - 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 68.7% in Uruguay, ranking 86/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Uruguay
1x
Year Deficit/surplus, % of GDP
Croatia Uruguay
2024 -1.95% -3.22%
2023 -0.79% -3.13%
2022 0.12% -2.52%
2021 -2.58% -2.61%
2020 -7.23% -4.64%
2019 2.31% -2.71%
2018 0.23% -1.89%
2017 0.8% -2.51%
2016 -1.04% -2.68%
2015 -3.53% -1.86%
2014 -5.19% -2.6%
2013 -5.52% -1.72%
2012 -5.46% -2.17%
2011 -7.53% -0.33%
2010 -6.46% -0.39%
2009 -7.15% -1.39%
2008 -2.34% -1.31%
2007 -2.28% -0.16%
2006 -2.01% -0.64%
2005 -3.24% -0.28%
2004 -6.09% -0.87%
2003 -5.03% -2.19%
2002 -4.9% -3.19%
2001 -4.79% -2.85%
2000 -9.2% -2.76%
1999 -11.1% -2.76%
1998 -6.36% -0.76%
1997 -4.93% -0.97%
1996 -4.41% -1.32%
1995 -4.23% -1.08%
1994 -0.82% -2.37%
1993 -2.67% -0.47%
1992 -5.69% 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

GeoRank.org/economy/croatia/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 33 years, Croatia recorded a fiscal deficit in 29 of those years, while Uruguay ran a deficit in 32 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 1.81% of GDP for Uruguay.

Inflation comparison by year

Inflation
Croatia

Uruguay
1x
Year Consumer prices inflation
Croatia Uruguay
2024 2.97% 4.85%
2023 7.94% 5.87%
2022 10.8% 9.1%
2021 2.55% 7.75%
2020 0.15% 9.76%
2019 0.77% 7.88%
2018 1.5% 7.61%
2017 1.13% 6.22%
2016 -1.12% 9.64%
2015 -0.46% 8.67%
2014 -0.22% 8.88%
2013 2.22% 8.58%
2012 3.41% 8.1%
2011 2.27% 8.09%
2010 1.03% 6.7%
2009 2.38% 7.06%
2008 6.08% 7.88%
2007 2.9% 8.11%
2006 3.19% 6.4%
2005 3.32% 4.7%
2004 2.06% 9.16%
2003 1.77% 19.4%
2002 1.67% 14%
2001 3.78% 4.36%
2000 4.61% 4.76%
1999 4.02% 5.66%
1998 6.4% 10.8%
1997 4.17% 19.8%

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

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

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 8.56% in Uruguay. In 2024, inflation was 2.97% in Croatia and 4.85% in Uruguay.

Top exports between countries

Croatia
Export category Export value
Transport & tourism services $1.8M
Manufacturing & construction services $1.05M
Processed food, beverages & tobacco $702K
Raw materials & minerals $132K
Metals $44K
Machinery & equipment $36K
Textiles & consumer goods $19K
Chemicals & pharma $12K
Wood & paper products $11K
Precious metals & jewellery $3K
Uruguay
Export category Export value
Animal & marine products $119K
Raw materials & minerals $56K

Balance of trade

Croatia Uruguay
Current account balance
-$1.05B
2024
-$633M
2024
Current account balance ranking
125/190
2024
111/190
2024
Current account balance, % of GDP
-1.13%
2024
-0.78%
2024
Goods imports
$41.5B
2024
$13B
2024
Goods exports
$21.9B
2024
$16.3B
2024
Service imports
$8.35B
2024
$6.22B
2024
Service exports
$24.7B
2024
$7.1B
2024
Imports of goods and services, % of GDP
54.8%
2024
23.7%
2024
Exports of goods and services, % of GDP
50.1%
2024
28.8%
2024

Economic freedom indices

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

Croatia Uruguay
Economic freedom 67.5 69.8
Economic freedom ranking 56/197 39/197
Property rights 81.1 87.4
Government integrity 52.6 79
Judicial effectiveness 71.7 80.9
Tax burden 70 73.3
Government spending 34.9 72
Fiscal health 92.2 76.6
Business freedom 79.6 83.8
Labor freedom 58.9 61.7
Monetary freedom 69.9 70.2
Trade freedom 79.4 73.2
Investment freedom 60 50
Financial freedom 60 30

Economic freedom comparison by year

Croatia
Uruguay
1x
Year Economic freedom index
Croatia Uruguay
2026 67.5 69.8
2025 68.7 70.2
2024 67.2 69.8
2023 66.4 70.2
2022 67.6 70
2021 63.6 69.3
2020 62.2 69.1
2019 61.4 68.6
2018 61 69.2
2017 59.4 69.7
2016 59.1 68.8
2015 61.5 68.6
2014 60.4 69.3
2013 61.3 69.7
2012 60.9 69.9
2011 61.1 70
2010 59.2 69.8
2009 55.1 69.1
2008 54.1 67.9
2007 53.4 68.4
2006 53.6 65.3
2005 51.9 66.9
2004 53.1 66.7
2003 53.3 69.8
2002 51.1 68.7
2001 50.7 70.7
2000 53.6 69.3
1999 53.1 68.5
1998 51.7 68.6
1997 46.7 67.5
1996 48 63.7
1995 - 62.5

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Uruguay
Services, % of GDP
60.8%
2024
65.3%
2024
Industry, % of GDP
19.2%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
6.42%
2024
GNI, Atlas method
$86B
2024
$73.3B
2024
GNI per capita, PPP
$49,740
2024
$34,170
2024
Total reserves including gold
$3.34B
2024
$17.4B
2024
Total reserves ranking
116/177
2024
66/177
2024
Net foreign direct investment
-$1.88B
2024
$2.58B
2024
Net inflows of foreign direct investment
$4.54B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$2.79B
2024
-$1.37B
2024
Poverty at national poverty lines
20.3%
2023
17.3%
2024
Gross capital formation, % of GDP
24.4%
2024
15.6%
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/uruguay | 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 (1992–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, 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. TradeMap (2018–2024, 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.