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Economy of Croatia vs Vietnam compared: GDP & Debt

Updated on by Georank

Croatia has a GDP of $105B compared to $515B for Vietnam, ranking 73/197 and 33/197 by economy size, respectively.

Croatia has $58.7B in government debt (55.9% of GDP), compared to $156B (30.3% of GDP) in Vietnam.

Croatia vs Vietnam GDP by year

Croatia
Vietnam
1x
Year GDP, current $
Croatia Vietnam
2025 $105,060,182,186 $514,697,215,165
2024 $92,981,894,168 $476,324,572,784
2023 $85,621,337,533 $433,805,036,898
2022 $71,196,460,237 $413,445,230,669
2021 $69,002,262,505 $366,474,752,771
2020 $57,959,824,238 $346,615,738,538
2019 $61,467,261,345 $334,365,270,497
2018 $61,668,280,700 $310,106,478,395
2017 $56,182,225,079 $281,353,605,987
2016 $52,650,804,052 $257,096,001,178
2015 $50,999,271,059 $239,258,328,382
2014 $59,607,109,597 $233,451,469,643
2013 $59,846,869,999 $213,708,811,665
2012 $57,547,495,860 $195,590,661,129
2011 $62,889,150,894 $172,595,049,184
2010 $58,975,127,201 $147,201,173,197
2009 $62,315,450,611 $106,014,659,565
2008 $68,473,103,477 $99,130,304,099
2007 $59,290,547,254 $77,414,425,532
2006 $49,583,643,048 $66,371,664,817
2005 $45,012,776,906 $57,633,255,738
2004 $41,836,096,243 $45,427,854,693
2003 $35,244,797,329 $39,552,513,232
2002 $26,757,633,353 $35,064,105,501
2001 $23,067,071,478 $32,685,198,809
2000 $22,134,069,750 $31,172,518,403
1999 $23,776,940,769 $28,683,659,007
1998 $25,889,813,449 $27,209,602,050
1997 $24,175,272,572 $26,843,700,442
1996 $24,151,469,717 $24,657,470,575
1995 $22,772,224,146 $20,736,164,459
1994 $15,062,911,617 $16,286,433,533
1993 $11,259,647,874 $13,180,953,598
1992 $10,621,169,291 $9,866,990,236
1991 $18,760,386,775 $9,613,369,520
1990 $25,650,213,280 $6,471,740,806
1989 - $6,293,304,975
1988 - $25,423,812,649
1987 - $36,658,108,850
1986 - $26,336,616,250
1985 - $14,094,687,821

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08).

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

GDP per capita in Croatia vs Vietnam by year

Croatia
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $27,104 - $5,066 -
2024 $24,050 $49,551 $4,717 $16,386
2023 $22,183 $47,760 $4,323 $15,034
2022 $18,466 $42,125 $4,148 $13,905
2021 $17,789 $36,930 $3,704 $12,049
2020 $14,808 $31,594 $3,534 $11,609
2019 $15,564 $33,064 $3,441 $11,029
2018 $15,460 $29,789 $3,222 $10,010
2017 $13,902 $27,888 $2,956 $9,170
2016 $12,820 $25,803 $2,735 $8,375
2015 $12,284 $23,750 $2,578 $7,672
2014 $14,187 $22,706 $2,546 $7,297
2013 $14,135 $22,430 $2,360 $6,758
2012 $13,508 $21,619 $2,185 $6,377
2011 $14,692 $21,191 $1,951 $5,786
2010 $13,730 $20,139 $1,683 $5,389
2009 $14,475 $20,358 $1,226 $5,061
2008 $15,888 $21,018 $1,164 $4,844
2007 $13,756 $19,568 $926 $4,581
2006 $11,501 $17,629 $808 $4,237
2005 $10,443 $15,451 $711 $3,894
2004 $9,719 $14,686 $565 $3,543
2003 $8,190 $13,692 $497 $3,240
2002 $6,220 $12,775 $445 $3,002
2001 $5,365 $11,653 $419 $2,809
2000 $4,954 $10,675 $404 $2,614
1999 $5,269 $9,943 $376 $2,421
1998 $5,712 $9,890 $361 $2,308
1997 $5,331 $9,536 $362 $2,189
1996 $5,300 $8,806 $337 $2,019
1995 $4,929 $8,052 $287.8 $1,841
1994 $3,238 $7,337 $229.9 $1,674
1993 $2,448 $6,861 $189.4 $1,534
1992 $2,321 $7,326 $144.5 $1,413
1991 $4,001 $7,918 $143.7 $1,298
1990 $5,369 $9,526 $98.8 $1,210
1989 - - $98.1 -
1988 - - $405 -
1987 - - $595 -
1986 - - $436 -
1985 - - $238.6 -

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08).

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

Croatia's GDP per capita is $27,104, ranking 49/197, compared to $5,066 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Vietnam ranks 108th at $16,386.

Economic indicators

Croatia Vietnam
Gross domestic product
$105B
2025
$515B
2025
GDP rank
73/197
2025
33/197
2025
GDP growth
3.4%
2024-2025
8.02%
2024-2025
GDP per capita
$27,104
2025
$5,066
2025
GDP per capita rank
49/197
2025
122/197
2025
GDP per capita, PPP
$49,551
2024
$16,386
2024
GDP per capita PPP rank
46/197
2024
108/197
2024
Government debt
$58.7B
2025
$156B
2025
Debt-to-GDP ratio
55.9%
2025
30.3%
2025
Government debt per person
$15,144
2025
$1,537
2025
Government debt per person rank
44/185
2025
130/185
2025
Average annual personal income after taxes
$20,376
2026
$5,133
2026
Market capitalization of domestic companies
$37.9B
2025
$316B
2025
Number of billionaires
1
2026
5
2026
Income share by richest 10%
23.3%
2023
28.1%
2022
Income share by poorest 10%
2.9%
2023
2.6%
2022
Government expenditure, % of GDP
49.3%
2025
22.1%
2025
Consumer prices inflation
3.69%
2024-2025
3.3%
2024-2025
Central bank interest rate n/a
4.5%
2023
Unemployment rate
4.9%
2025
1.53%
2024
Population
3849788
102486146

Spending and national debt comparison by year

Croatia
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Croatia Vietnam
Government spending Government debt Government spending Government debt
2025 49.3% 55.9% 22.1% 30.3%
2024 48% 57.4% 19.1% 31.2%
2023 46.3% 60.9% 18.8% 34.3%
2022 45% 68.5% 18.2% 34.9%
2021 48.2% 78.2% 20.1% 39.2%
2020 53.8% 86.5% 21.3% 41.3%
2019 44.4% 70.9% 19.8% 41%
2018 45% 72.8% 20.5% 43.8%
2017 44.1% 76.2% 21.5% 46.6%
2016 45.9% 79.3% 22.2% 47.9%
2015 47.6% 82.8% 24.2% 46.1%
2014 48.7% 83.2% 22.8% 43.6%
2013 48% 79.5% 24.5% 41.4%
2012 47.3% 68.9% 23.5% 38.3%
2011 48.6% 63.1% 21.2% 36.2%
2010 48.2% 56.8% 23.7% 37.3%
2009 49.3% 47.9% 25% 36.2%
2008 46.3% 38.9% 21.4% 31%
2007 46.4% 37.1% 22.3% 32.2%
2006 44.6% 38.4% 20.5% 30.2%
2005 46.5% 40.9% 20.6% 28.7%
2004 49% 40% 19.4% 29.4%
2003 49.6% 37.8% 22.2% 29.8%
2002 49.2% 36.5% 19.7% 27.7%
2001 50.6% 36.6% 19.2% 25.4%
2000 54.6% 35.4% 17.8% 24.8%
1999 58.9% 30% 16.7% -
1998 56.8% 23.3% 16% -
1997 51.7% 22.5% - -
1996 52.1% - - -
1995 50.3% - - -
1994 45.4% - - -
1993 35.9% - - -
1992 37.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-07-08).

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

In 2025, Croatia's government spending was $51.8B, accounting for 49.3% of its GDP, while Vietnam spent $114B, or 22.1% of GDP.

Debt-to-GDP ratio is 55.9% in Croatia and 30.3% in Vietnam, ranking 87/185 and 153/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Vietnam
1x
Year Deficit/surplus, % of GDP
Croatia Vietnam
2025 -2.89% -2.2%
2024 -1.95% -1.54%
2023 -0.79% -1.72%
2022 0.14% 0.67%
2021 -2.57% -1.43%
2020 -7.24% -2.86%
2019 2.32% -0.4%
2018 0.22% -1.02%
2017 0.81% -1.96%
2016 -1.04% -3.16%
2015 -3.53% -4.98%
2014 -5.19% -5.02%
2013 -5.51% -5.96%
2012 -5.46% -5.46%
2011 -7.51% -0.9%
2010 -6.45% -2.25%
2009 -7.15% -4.82%
2008 -2.33% -0.45%
2007 -2.27% -1.74%
2006 -2% 0.2%
2005 -3.24% -0.95%
2004 -6.09% -0.15%
2003 -5.03% -2.56%
2002 -4.9% -1.85%
2001 -4.79% -2.19%
2000 -9.2% -1.61%
1999 -11.1% -1.25%
1998 -6.36% -0.1%
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 (1992–2025, retrieved 2026-07-08).

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

In 2025, Croatia's government deficit, the difference between spending and revenue, was $3.04B, equivalent to 2.89% of GDP. This compares to Vietnam's deficit of $11.3B, or 2.2% of GDP.

Over the past 28 years, Croatia recorded a fiscal deficit in 24 of those years, while Vietnam ran a deficit in 26 years. On average, Croatia posted an annual deficit equal to 3.97% of GDP, compared to deficit of 2.06% of GDP for Vietnam.

Inflation comparison by year

Inflation
Croatia

Vietnam
1x
Year Consumer prices inflation
Croatia Vietnam
2025 3.69% 3.3%
2024 2.97% 3.6%
2023 7.94% 3.3%
2022 10.8% 3.2%
2021 2.55% 1.8%
2020 0.15% 3.2%
2019 0.77% 2.8%
2018 1.5% 3.5%
2017 1.13% 3.5%
2016 -1.12% 2.7%
2015 -0.46% 0.6%
2014 -0.22% 4.1%
2013 2.22% 6.6%
2012 3.41% 9.1%
2011 2.27% 18.7%
2010 1.03% 10.5%
2009 2.38% 6.7%
2008 6.08% 23.1%
2007 2.9% 8.3%
2006 3.19% 7.5%
2005 3.32% 8.4%
2004 2.06% 7.9%
2003 1.77% 3.3%
2002 1.67% 4.1%
2001 3.78% -0.3%
2000 4.61% -1.8%
1999 4.02% 4.1%
1998 6.4% 7.2%
1997 4.17% 3.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Croatia has recorded an average annual inflation rate of 2.93%, compared with 5.59% in Vietnam. In 2025, inflation was 3.69% in Croatia and 3.3% in Vietnam.

Top exports between countries

Croatia
Export category Export value
Wood & paper products $36.8M
Weapons & explosives $8.21M
Machinery & equipment $7.53M
Processed food, beverages & tobacco $3.19M
Chemicals & pharma $1.76M
Textiles & consumer goods $1.1M
Animal & marine products $326K
Miscellaneous $317K
Raw materials & minerals $114K
Raw agricultural goods $69K
Vietnam
Export category Export value
Textiles & consumer goods $46.6M
Machinery & equipment $21.4M
Raw agricultural goods $13.7M
Raw materials & minerals $4.69M
Chemicals & pharma $3.94M
Metals $3.27M
Processed food, beverages & tobacco $2.43M
Animal & marine products $1.23M
Wood & paper products $914K
Miscellaneous $114K

Balance of trade

Croatia Vietnam
Current account balance
-$1.93B
2024
$30.2B
2024
Current account balance ranking
141/190
2024
18/190
2024
Current account balance, % of GDP
-2.08%
2024
+6.33%
2024
Goods imports
$42.5B
2024
$363B
2024
Goods exports
$21.9B
2024
$407B
2024
Service imports
$8.42B
2024
$35.6B
2024
Service exports
$24.8B
2024
$25B
2024
Imports of goods and services, % of GDP
53%
2025
92.1%
2025
Exports of goods and services, % of GDP
48%
2025
98.2%
2025

Economic freedom indices

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

Croatia Vietnam
Economic freedom 67.5 64.4
Economic freedom ranking 56/197 73/197
Property rights 81.1 47.3
Government integrity 52.6 39.2
Judicial effectiveness 71.7 31.3
Tax burden 70 80.9
Government spending 34.9 89.5
Fiscal health 92.2 96.9
Business freedom 79.6 70
Labor freedom 58.9 54.7
Monetary freedom 69.9 73.2
Trade freedom 79.4 79.8
Investment freedom 60 60
Financial freedom 60 50

Economic freedom comparison by year

Croatia
Vietnam
1x
Year Economic freedom index
Croatia Vietnam
2026 67.5 64.4
2025 68.7 65.2
2024 67.2 62.8
2023 66.4 61.8
2022 67.6 60.6
2021 63.6 61.7
2020 62.2 58.8
2019 61.4 55.3
2018 61 53.1
2017 59.4 52.4
2016 59.1 54
2015 61.5 51.7
2014 60.4 50.8
2013 61.3 51
2012 60.9 51.3
2011 61.1 51.6
2010 59.2 49.8
2009 55.1 51
2008 54.1 50.4
2007 53.4 49.8
2006 53.6 50.5
2005 51.9 48.1
2004 53.1 46.1
2003 53.3 46.2
2002 51.1 45.6
2001 50.7 44.3
2000 53.6 43.7
1999 53.1 42.7
1998 51.7 40.4
1997 46.7 38.6
1996 48 40.2
1995 - 41.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Vietnam
Services, % of GDP
60.9%
2025
42.7%
2025
Industry, % of GDP
19%
2025
37.6%
2025
Agriculture, forestry, and fishing, % of GDP
2.83%
2025
11.6%
2025
GNI, Atlas method
$98.3B
2025
$505B
2025
GNI per capita, PPP
$50,410
2025
$17,580
2025
Total reserves including gold
$4.22B
2025
$85.6B
2025
Total reserves ranking
110/177
2025
33/177
2025
Net foreign direct investment
-$1.74B
2024
-$19.6B
2024
Net inflows of foreign direct investment
$4.54B
2024
$20.2B
2024
Net outflows of foreign direct investment
$2.79B
2024
$600M
2024
Servicing debt to the IMF, % of GNI n/a
7.29%
2024
Poverty at national poverty lines
20.3%
2024
4.2%
2022
Gross capital formation, % of GDP
24.6%
2025
30.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2023–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. International Monetary Fund (IMF) | Public Finances in Modern History (1997, retrieved 2026-07-08)

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.