Croatia recorded a Government Budget deficit equal to 7.40 percent of the country's Gross Domestic Product in 2020. source: Croatian National Bank

Government Budget in Croatia averaged -2.92 percent of GDP from 1995 until 2020, reaching an all time high of 2 percent of GDP in 1998 and a record low of -8 percent of GDP in 2011. This page provides - Croatia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia Government Budget - values, historical data and charts - was last updated on June of 2021.

Government Budget in Croatia is expected to reach -4.10 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Croatia Government Budget is projected to trend around -2.80 percent of GDP in 2022 and -2.40 percent of GDP in 2023, according to our econometric models.

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Croatia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-7.40 0.30 2.00 -8.00 1995 - 2020 percent of GDP Yearly

Croatia Government Last Previous Highest Lowest Unit
Government Debt to GDP 88.70 72.80 88.70 22.40 percent of GDP [+]
Government Budget -7.40 0.30 2.00 -8.00 percent of GDP [+]
Government Budget Value -7749.00 -4424.00 5156.00 -10911.00 HRK Million [+]
Government Spending 18662.00 19696.00 19696.00 12514.00 HRK Million [+]
Government Spending to GDP 55.40 47.20 55.40 45.30 percent of GDP [+]
Government Revenues 50285.00 45780.00 50285.00 18203.00 HRK Million [+]
Government Debt 331081.00 332360.70 332360.70 26042.90 HRK Million [+]
Fiscal Expenditure 58034.00 50204.00 58034.00 19957.00 HRK Million [+]
Military Expenditure 1031.00 1002.00 2965.00 837.00 USD Million [+]
Credit Rating 51.00 [+]
Asylum Applications 125.00 170.00 395.00 5.00 persons [+]


Croatia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.