Budget balance — all countries

Budget balance — Croatia

Budget balance in Croatia in 2031 — -2.4%. Ranked 95 in the world out of 188. Since 1992, the indicator has risen by 3.3 pp.

2031 -2.4% +0.1 pp vs 2030
World rank 95of 188
Period maximum 2.3%2019
Period minimum -11.1%1999

Trend over time

1992–2031 · % of GDP

Budget balance — Croatia, 1992–2031-15-10-505199219962000200420082012201620202024202820311992: -5.7%1993: -2.7%1994: -0.8%1995: -4.2%1996: -4.4%1997: -4.9%1998: -6.4%1999: -11.1%2000: -9.2%2001: -4.8%2002: -4.9%2003: -5%2004: -6.1%2005: -3.2%2006: -2%2007: -2.3%2008: -2.3%2009: -7.2%2010: -6.5%2011: -7.5%2012: -5.5%2013: -5.5%2014: -5.2%2015: -3.5%2016: -1%2017: 0.8%2018: 0.2%2019: 2.3%2020: -7.2%2021: -2.6%2022: 0.1%2023: -0.8%2024: -1.9%2025: -2.9%2026: -2.9%2027: -2.9%2028: -2.8%2029: -2.6%2030: -2.5%2031: -2.4%
Change over the period: +3.3 pp Annual average: 0.08 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Croatia

Croatia -2.4%
World computed -4.85%
Europe & Central Asia computed -2.49%
Southern Europe computed -2.33%
High-income countries computed -4.26%
Budget balance — Croatia, by year Croatia All countries CSV XLSX
Year % Change, pp
2031 -2.4 +0.1 pp
2030 -2.5 +0.1 pp
2029 -2.6 +0.2 pp
2028 -2.8 +0.1 pp
2027 -2.9 +0 pp
2026 -2.9 +0 pp
2025 -2.9 −1 pp
2024 -1.9 −1.1 pp
2023 -0.8 −0.9 pp
2022 0.1 +2.7 pp
2021 -2.6 +4.6 pp
2020 -7.2 −9.5 pp
2019 2.3 +2.1 pp
2018 0.2 −0.6 pp
2017 0.8 +1.8 pp
2016 -1 +2.5 pp
2015 -3.5 +1.7 pp
2014 -5.2 +0.3 pp
2013 -5.5 +0 pp
2012 -5.5 +2 pp
2011 -7.5 −1 pp
2010 -6.5 +0.7 pp
2009 -7.2 −4.9 pp
2008 -2.3 +0 pp
2007 -2.3 −0.3 pp
2006 -2 +1.2 pp
2005 -3.2 +2.9 pp
2004 -6.1 −1.1 pp
2003 -5 −0.1 pp
2002 -4.9 −0.1 pp
2001 -4.8 +4.4 pp
2000 -9.2 +1.9 pp
1999 -11.1 −4.7 pp
1998 -6.4 −1.5 pp
1997 -4.9 −0.5 pp
1996 -4.4 −0.2 pp
1995 -4.2 −3.4 pp
1994 -0.8 +1.9 pp
1993 -2.7 +3 pp
1992 -5.7

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.