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Croatia Debt to GDP Ratio

Croatia's government debt to GDP ratio fell to 57.7% in 2024, down from 61.8% in 2023. This decline is attributed to 3.9% GDP growth, increased EU fund absorption and fiscal discipline. The government plans deficit reduction and stimulus phase-out. Croatia's record low government debt to GDP was 57.7% in 2024 and record high was 86.5% in 2020.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 57.7%
2023 61.8%
2022 68.5%
2021 78.2%
2020 86.5%
2019 70.9%
2018 72.8%
2017 76.2%
2016 79.5%
2015 83%
Croatia Debt to GDP Ratio : Definition
Croatia's government debt to GDP ratio shows the nation's total public debt as a percentage of its Gross Domestic Product. It is calculated by dividing the consolidated gross debt of Croatia's general government sector by the country's nominal GDP. This ratio indicates the size of Croatia's debt relative to its total economic output.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -1.2% 0.4% Dec'24
Private Credit (% GDP) 47.09% 47.12% 2024