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Economy of Croatia vs Yemen compared: GDP & Debt

Updated on by Georank team

Croatia has a GDP of $93B compared to $21.6B for Yemen, ranking 75/197 and 125/197 by economy size, respectively.

Croatia has $53.5B in government debt (57.6% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Croatia vs Yemen GDP by year

Croatia
Yemen
1x
Year GDP, current $
Croatia Yemen
2024 $92,983,810,329 -
2023 $85,624,153,964 -
2022 $71,196,498,671 -
2021 $69,002,365,163 -
2020 $57,959,843,541 -
2019 $61,466,721,186 -
2018 $61,667,925,219 $21,606,160,663
2017 $56,182,782,586 $26,842,229,045
2016 $52,650,714,172 $31,317,825,274
2015 $50,998,893,385 $42,444,490,074
2014 $59,606,934,501 $43,228,585,321
2013 $59,846,265,182 $40,415,233,436
2012 $57,548,115,904 $35,401,331,610
2011 $62,889,007,657 $32,726,417,878
2010 $58,975,205,417 $30,906,749,533
2009 $62,315,996,675 $25,130,278,213
2008 $68,472,854,617 $26,910,855,807
2007 $59,290,621,398 $21,650,528,674
2006 $49,583,544,860 $19,063,143,370
2005 $45,013,119,282 $16,731,566,717
2004 $41,836,292,157 $13,867,634,371
2003 $35,245,317,002 $11,777,532,662
2002 $26,757,722,429 $10,693,430,511
2001 $23,066,883,850 $9,852,990,693
2000 $22,134,411,297 $9,679,316,770
1999 $23,777,026,779 $7,639,325,296
1998 $25,890,228,430 $6,322,175,566
1997 $24,175,764,812 $6,838,298,531
1996 $24,150,978,347 $6,496,163,616
1995 $22,772,394,547 $12,796,345,679
1994 $15,062,911,617 $28,019,483,764
1993 $11,259,647,874 $21,736,802,664
1992 $10,621,169,291 $17,959,367,194
1991 $18,760,386,775 $14,665,445,462
1990 $25,650,213,280 $12,643,821,569

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Croatia vs Yemen by year

Croatia
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Croatia Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,050 $49,551 - -
2023 $22,184 $47,760 - -
2022 $18,466 $42,125 - -
2021 $17,789 $36,930 - -
2020 $14,808 $31,594 - -
2019 $15,564 $33,064 - -
2018 $15,460 $29,789 $634 -
2017 $13,902 $27,888 $811 -
2016 $12,820 $25,803 $975 -
2015 $12,284 $23,750 $1,362 -
2014 $14,187 $22,706 $1,430 -
2013 $14,135 $22,430 $1,379 $3,164
2012 $13,508 $21,619 $1,245 $3,005
2011 $14,692 $21,191 $1,186 $3,113
2010 $13,730 $20,139 $1,155 $3,603
2009 $14,475 $20,358 $969 $3,411
2008 $15,888 $21,018 $1,072 $3,370
2007 $13,756 $19,568 $890 $3,294
2006 $11,501 $17,629 $810 $3,205
2005 $10,444 $15,451 $734 $3,113
2004 $9,719 $14,686 $628 $2,949
2003 $8,190 $13,692 $549 $2,844
2002 $6,220 $12,775 $513 $2,768
2001 $5,365 $11,653 $487 $2,702
2000 $4,954 $10,675 $493 $2,624
1999 $5,269 $9,943 $401 $2,492
1998 $5,713 $9,890 $343 $2,442
1997 $5,331 $9,536 $383 $2,351
1996 $5,300 $8,806 $375 $2,268
1995 $4,929 $8,052 $764 $2,201
1994 $3,238 $7,337 $1,735 $2,115
1993 $2,448 $6,861 $1,397 $2,013
1992 $2,321 $7,326 $1,198 $1,963
1991 $4,001 $7,918 $1,016 $1,843
1990 $5,369 $9,526 $910 $1,742

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Croatia's GDP per capita is $24,050, ranking 50/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Croatia ranks 46th at $49,551, while Yemen ranks 178th at $3,164.

Economic indicators

Croatia Yemen
Gross domestic product
$93B
2024
$21.6B
2018
GDP rank
75/197
2024
125/197
2018
GDP growth
3.83%
2023-2024
0.75%
2017-2018
GDP per capita
$24,050
2024
$634
2018
GDP per capita rank
50/197
2024
191/197
2018
GDP per capita, PPP
$49,551
2024
$3,164
2013
GDP per capita PPP rank
46/197
2024
178/197
2013
Government debt
$53.5B
2024
$18.8B
2018
Debt-to-GDP ratio
57.6%
2024
70.9%
2024
Government debt per person
$13,844
2024
$551
2018
Government debt per person rank
42/185
2024
165/185
2018
Average annual personal income after taxes
$20,856
2026
$1,127
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
29.4%
2014
Income share by poorest 10%
2.9%
2023
3%
2014
Government expenditure, % of GDP
48%
2024
8.91%
2024
Consumer prices inflation
2.97%
2023-2024
33.9%
2023-2024
Unemployment rate
5.03%
2024
13.5%
2014
Population
3812193
43325643

Spending and national debt comparison by year

Croatia
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Croatia Yemen
Government spending Government debt Government spending Government debt
2024 48% 57.6% 8.91% 70.9%
2023 46.8% 61.8% 11.8% 77.9%
2022 45% 68.5% 12.2% 65.3%
2021 48.1% 78.2% 8.22% 75.9%
2020 53.7% 86.5% 10.6% 87%
2019 44.3% 70.9% 13.2% 91.5%
2018 44.9% 72.8% 14.3% 86.9%
2017 44.1% 76.2% 8.39% 83.8%
2016 45.9% 79.3% 16.1% 76.5%
2015 47.5% 82.8% 19.4% 57.7%
2014 48.7% 83.2% 27.8% 48.9%
2013 47.9% 79.5% 30.8% 48.4%
2012 47.3% 68.9% 36.2% 47.6%
2011 48.6% 63.1% 29.8% 45.7%
2010 48.1% 56.8% 30.2% 42.4%
2009 49.2% 47.9% 35.2% 49.8%
2008 46.3% 38.9% 41.2% 36.4%
2007 46.3% 37.1% 40.3% 40.4%
2006 44.6% 38.4% 37.4% 40.8%
2005 46.5% 40.9% 36.8% 43.8%
2004 49% 40% 34.2% 52.1%
2003 49.6% 37.8% 35.3% 56.8%
2002 49.2% 36.5% 30.8% 57.8%
2001 50.6% 36.6% 30.5% 60.6%
2000 54.6% 35.4% 31.7% 60.8%
1999 58.9% 30% 28.2% 96.1%
1998 56.8% 23.3% 34.3% 110.6%
1997 51.7% 22.5% 34.2% 74.2%
1996 52.1% - 30.7% 114.9%
1995 50.3% - 24.1% 84.1%
1994 45.4% - 25.2% 73.3%
1993 36% - 25.8% 76.7%
1992 37.1% - 24.6% 78%
1991 - - 24.7% 82.7%
1990 - - 26.6% 91.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20).

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

In 2024, Croatia's government spending was $44.6B, accounting for 48% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 57.6% in Croatia and 70.9% in Yemen, ranking 86/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Croatia

Yemen
1x
Year Deficit/surplus, % of GDP
Croatia Yemen
2024 -1.95% -2.48%
2023 -0.79% -5.63%
2022 0.12% -2.15%
2021 -2.58% -0.89%
2020 -7.23% -4.3%
2019 2.31% -5.89%
2018 0.23% -7.85%
2017 0.8% -4.9%
2016 -1.04% -8.51%
2015 -3.53% -8.75%
2014 -5.19% -4.14%
2013 -5.52% -6.9%
2012 -5.46% -6.32%
2011 -7.53% -4.51%
2010 -6.46% -4.06%
2009 -7.15% -10.2%
2008 -2.34% -4.53%
2007 -2.28% -7.18%
2006 -2.01% 1.19%
2005 -3.24% -1.82%
2004 -6.09% -2.15%
2003 -5.03% -4.2%
2002 -4.9% -0.56%
2001 -4.79% 2.79%
2000 -9.2% 6.09%
1999 -11.1% 0.06%
1998 -6.36% -7.77%
1997 -4.93% -1.5%
1996 -4.41% -0.92%
1995 -4.23% -5.74%
1994 -0.82% -14%
1993 -2.67% -12.8%
1992 -5.69% -10.9%
1991 - -5.76%
1990 - -10.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2018, Croatia's government surplus, the difference between spending and revenue, was $145M, equivalent to 0.23% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 27 years, Croatia recorded a fiscal deficit in 25 of those years, while Yemen ran a deficit in 23 years. On average, Croatia posted an annual deficit equal to 4.48% of GDP, compared to deficit of 4.82% of GDP for Yemen.

Inflation comparison by year

Inflation
Croatia

Yemen
1x
Year Consumer prices inflation
Croatia Yemen
2024 2.97% 33.9%
2023 7.94% 0.9%
2022 10.8% 29.5%
2021 2.55% 31.5%
2020 0.15% 21.7%
2019 0.77% 15.7%
2018 1.5% 33.6%
2017 1.13% 30.4%
2016 -1.12% 21.3%
2015 -0.46% 22%
2014 -0.22% 8.2%
2013 2.22% 11%
2012 3.41% 9.9%
2011 2.27% 19.5%
2010 1.03% 11.2%
2009 2.38% 3.7%
2008 6.08% 19%
2007 2.9% 7.9%
2006 3.19% 10.8%
2005 3.32% 9.9%
2004 2.06% 12.5%
2003 1.77% 10.8%
2002 1.67% 12.2%
2001 3.78% 11.9%
2000 4.61% 11%
1999 4.02% 7.9%
1998 6.4% 11.5%
1997 4.17% 4.6%

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/yemen | CC BY

Over the past 28 years, Croatia has recorded an average annual inflation rate of 2.9%, compared with 15.5% in Yemen. In 2024, inflation was 2.97% in Croatia and 33.9% in Yemen.

Top exports between countries

Croatia
Export category Export value
Wood & paper products $1.55M
Textiles & consumer goods $21K
Machinery & equipment $19K
Chemicals & pharma $7K
Yemen
Export category Export value

Balance of trade

Croatia Yemen
Current account balance
-$1.05B
2024
-$2.42B
2016
Current account balance ranking
125/190
2024
148/190
2016
Current account balance, % of GDP
-1.13%
2024
-7.72%
2016
Goods imports
$41.5B
2024
$6.8B
2016
Goods exports
$21.9B
2024
$473M
2016
Service imports
$8.35B
2024
$1.46B
2016
Service exports
$24.7B
2024
$466M
2016
Imports of goods and services, % of GDP
54.8%
2024
47.3%
2018
Exports of goods and services, % of GDP
50.1%
2024
8.76%
2018

Economic freedom indices

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

Croatia Yemen
Economic freedom 67.5 53.7
Economic freedom ranking 56/197 138/197
Property rights 81.1 3.5
Government integrity 52.6 6.2
Judicial effectiveness 71.7 9.9
Tax burden 70 93.7
Government spending 34.9 0
Fiscal health 92.2 71.2
Business freedom 79.6 31.3
Labor freedom 58.9 31.2
Monetary freedom 69.9 48.1
Trade freedom 79.4 67.4
Investment freedom 60 50
Financial freedom 60 30

Economic freedom comparison by year

Croatia
Yemen
1x
Year Economic freedom index
Croatia Yemen
2026 67.5 -
2025 68.7 -
2024 67.2 -
2023 66.4 -
2022 67.6 -
2021 63.6 -
2020 62.2 -
2019 61.4 -
2018 61 -
2017 59.4 -
2016 59.1 -
2015 61.5 53.7
2014 60.4 55.5
2013 61.3 55.9
2012 60.9 55.3
2011 61.1 54.2
2010 59.2 54.4
2009 55.1 56.9
2008 54.1 53.8
2007 53.4 54.1
2006 53.6 52.6
2005 51.9 53.8
2004 53.1 50.5
2003 53.3 50.3
2002 51.1 48.6
2001 50.7 44.3
2000 53.6 44.5
1999 53.1 43.3
1998 51.7 46.1
1997 46.7 48.4
1996 48 49.6
1995 - 49.8

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

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

The Economic Freedom Index for Croatia is 67.5, ranking 56/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Croatia Yemen
Services, % of GDP
60.8%
2024
41.8%
2018
Industry, % of GDP
19.2%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
2.9%
2024
28.7%
2018
GNI, Atlas method
$86B
2024
$25.3B
2018
GNI per capita, PPP
$49,740
2024
$3,020
2013
Total reserves including gold
$3.34B
2024
$1.25B
2022
Total reserves ranking
116/177
2024
139/177
2022
Net foreign direct investment
-$1.88B
2024
$15.4M
2015
Net inflows of foreign direct investment
$4.54B
2024
-$371M
2019
Net outflows of foreign direct investment
$2.79B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines
20.3%
2023
48.6%
2014
Gross capital formation, % of GDP
24.4%
2024
6.18%
2018

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/yemen | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20)
  6. TradeMap (2023–2024, 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.

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.