Croatia: PPP conversion factor, GDP (LCU per international $)

Key figures

What the numbers say

In 2025, Croatia's PPP conversion factor, GDP (LCU per international $) rose 0.02 on 2024 (from 0.45 to 0.47).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.00331 and a typical year strayed about 0.02 from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 0.18 in 1994 and the biggest yearly fall was 0.02 in 2006. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Croatia had the 172nd highest value of the 185 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Croatia in the 2025 ranking

• Slovak Republic — 169th of 185: 0.51
• Latvia — 170th of 185: 0.5
• Azerbaijan — 171st of 185: 0.48
• Liberia — 173rd of 185: 0.46
• Brunei Darussalam — 174th of 185: 0.46
• Panama — 175th of 185: 0.45

What this measures

The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.

Limitations: Global PPP estimates provided by ICP are produced by the ICP Global Office and regional implementing agencies, based on data supplied by the national implementing agencies in the participating economies, and in accordance with the methodology recommended by the ICP Technical Advisory Group and approved by the ICP Governing Board. As such, these results are not produced by participating economies as part of their national official statistics.

Regional and income-group figures are computed by the World Bank as a no aggregation provided for this indicator..

All 36 values

PPP conversion factor, GDP (LCU per international $) in nearby economies

• Albania — 39.98 (2025)
• Andorra — 0.6 (2025)
• Armenia — 148.12 (2025)
• Austria — 0.73 (2025)
• Azerbaijan — 0.48 (2025)
• Belarus — 0.91 (2025)
• Belgium — 0.72 (2025)
• Bosnia and Herzegovina — 0.7 (2025)
• Bulgaria — 0.41 (2025)
• Cyprus

More economic policy & debt data for Croatia

• Adjusted savings, education expenditure (% of GNI) — 3.64% (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Adjusted savings, energy depletion (current US$) — US$218.01 million (2021)
• Chemicals (% of value added in manufacturing) — 6.74% (2023)
• Food, beverages and tobacco (% of value added in manufacturing) — 18.98% (2023)
• Other manufacturing (% of value added in manufacturing) — 54.8% (2023)
• Textiles and clothing (% of value added in manufacturing) — 4.39% (2023)
• GDP (current US$) — US$105.06 billion (2025)
• GDP (current LCU) — 92.98 billion (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Croatia's PPP conversion factor, GDP (LCU per international $)?

0.47 in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 55,925% from 0.00084 in 1990 (19.82% a year on average, compounded). The highest value was 0.54 in 2005 and the lowest 0.00084 in 1990.

How does Croatia rank?

172nd highest of 185 economies with data for 2025.

Is the latest change in PPP conversion factor, GDP (LCU per international $) unusual for Croatia?

In 2025, Croatia's PPP conversion factor, GDP (LCU per international $) rose 0.02 on 2024 (from 0.45 to 0.47). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.00331 and a typical year strayed about 0.02 from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator PA.NUS.PPP, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, publisher: International Comparison Program, type: International statistical program, date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Programme, Eurostat (ESTAT),… Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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