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Economy of Andorra vs Bulgaria compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $113B for Bulgaria, ranking 166/197 and 67/197 by economy size, respectively.

Andorra vs Bulgaria GDP by year

Andorra
Bulgaria
1x
Year GDP, current $
Andorra Bulgaria
2024 $4,039,842,405 $113,343,355,780
2023 $3,785,065,525 $102,199,231,385
2022 $3,380,611,695 $90,506,153,294
2021 $3,324,648,076 $84,374,613,233
2020 $2,891,002,460 $70,486,877,546
2019 $3,155,150,256 $68,507,731,354
2018 $3,218,418,632 $66,097,226,262
2017 $3,000,160,415 $59,167,647,388
2016 $2,896,611,879 $53,929,397,039
2015 $2,789,882,569 $50,765,918,159
2014 $3,271,686,452 $57,080,897,012
2013 $3,193,513,470 $55,819,262,375
2012 $3,188,653,259 $54,297,052,002
2011 $3,629,133,063 $57,681,293,007
2010 $3,449,925,694 $50,689,051,382
2009 $3,688,974,807 $52,023,801,230
2008 $4,102,317,468 $54,480,684,188
2007 $3,957,627,537 $44,431,257,129
2006 $3,459,336,818 $34,380,536,496
2005 $3,161,084,847 $29,868,657,858
2004 $2,900,244,054 $26,157,743,369
2003 $2,366,941,614 $21,144,957,990
2002 $1,764,279,818 $16,403,043,850
2001 $1,548,265,927 $14,183,446,026
2000 $1,432,606,296 $13,245,990,274
1999 $1,240,295,199 $13,637,098,579
1998 $1,211,953,994 $15,031,055,047
1997 $1,180,645,572 $11,316,127,379
1996 $1,224,024,139 $12,294,964,838
1995 $1,178,745,283 $18,991,484,420
1994 $1,017,544,069 $9,709,240,034
1993 $1,007,090,270 $10,832,064,942
1992 $1,209,992,020 $8,602,887,623
1991 $1,106,891,362 $7,628,738,475
1990 $1,028,989,692 $20,632,090,909
1989 $795,489,582 $21,988,444,444
1988 $721,425,939 $22,555,941,176
1987 $611,299,925 $28,101,000,000
1986 $481,996,013 $20,249,294,118
1985 $346,742,715 $17,155,421,053
1984 $330,073,081 $17,594,944,444
1983 $327,850,043 $16,563,666,667
1982 $375,914,744 $19,342,000,000
1981 $388,983,266 $19,870,000,000
1980 $446,377,777 $19,839,230,769
1979 $411,548,748 -
1978 $308,020,261 -
1977 $253,997,897 -
1976 $227,283,851 -
1975 $220,112,572 -
1974 $186,557,082 -
1973 $150,841,639 -
1972 $113,414,397 -
1971 $89,406,608 -
1970 $78,617,711 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/andorra/bulgaria | CC BY

GDP per capita in Andorra vs Bulgaria by year

Andorra
GDP per capita

GDP per capita, PPP
Bulgaria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Bulgaria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $17,596 $41,969
2023 $46,812 $71,731 $15,853 $38,829
2022 $42,414 $68,470 $13,999 $36,320
2021 $42,426 $59,332 $12,966 $30,959
2020 $37,361 $52,096 $10,760 $27,352
2019 $41,258 $57,475 $10,354 $26,766
2018 $42,820 $55,245 $9,849 $23,998
2017 $40,673 $53,085 $8,697 $22,317
2016 $40,130 $53,110 $7,822 $20,746
2015 $38,655 $50,733 $7,269 $18,896
2014 $44,370 $48,506 $8,070 $17,991
2013 $42,470 $45,609 $7,796 $16,894
2012 $41,501 $45,503 $7,432 $16,327
2011 $46,657 $46,436 $7,850 $15,747
2010 $42,747 $43,853 $6,854 $14,954
2009 $43,975 $42,523 $6,988 $14,188
2008 $49,132 $44,839 $7,271 $14,347
2007 $48,336 $47,501 $5,889 $12,822
2006 $43,467 $46,853 $4,523 $11,406
2005 $40,830 $44,578 $3,900 $10,291
2004 $39,021 $42,717 $3,390 $9,200
2003 $34,064 $41,148 $2,719 $8,416
2002 $26,528 $38,787 $2,093 $7,786
2001 $23,511 $36,895 $1,771 $6,960
2000 $21,810 $33,458 $1,621 $6,424
1999 $18,875 $31,590 $1,661 $5,808
1998 $18,537 $30,073 $1,820 $6,178
1997 $18,248 $29,122 $1,361 $5,751
1996 $19,130 $26,542 $1,470 $6,849
1995 $18,443 $24,934 $2,259 $7,743
1994 $15,749 $23,509 $1,150 $7,338
1993 $15,917 $22,958 $1,279 $7,032
1992 $20,100 $23,817 $1,007 $6,917
1991 $19,533 $24,510 $884 $7,215
1990 $19,564 $24,909 $2,367 $7,548
1989 $15,715 - $2,477 -
1988 $14,599 - $2,511 -
1987 $12,828 - $3,132 -
1986 $10,539 - $2,260 -
1985 $7,912 - $1,915 -
1984 $7,808 - $1,964 -
1983 $8,082 - $1,853 -
1982 $9,698 - $2,169 -
1981 $10,465 - $2,235 -
1980 $12,475 - $2,239 -
1979 $11,996 - - -
1978 $9,410 - - -
1977 $8,168 - - -
1976 $7,721 - - -
1975 $7,925 - - -
1974 $7,140 - - -
1973 $6,151 - - -
1972 $4,940 - - -
1971 $4,170 - - -
1970 $3,935 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/andorra/bulgaria | CC BY

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $17,596 in Bulgaria, ranking 64/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Bulgaria ranks 54th at $41,969.

Economic indicators

Andorra Bulgaria
Gross domestic product
$4.04B
2024
$113B
2024
GDP rank
166/197
2024
67/197
2024
GDP growth
3.37%
2023-2024
3.39%
2023-2024
GDP per capita
$49,304
2024
$17,596
2024
GDP per capita rank
25/197
2024
64/197
2024
GDP per capita, PPP
$74,939
2024
$41,969
2024
GDP per capita PPP rank
18/197
2024
54/197
2024
Government debt n/a
$27.3B
2024
Debt-to-GDP ratio n/a
24.1%
2024
Government debt per person n/a
$4,237
2024
Government debt per person rank n/a
90/185
2024
Average annual personal income after taxes
$32,457
2026
$14,263
2026
Market capitalization of domestic companies n/a
$8.41B
2024
Number of billionaires n/a
2
2025
Income share by richest 10% n/a
31.1%
2023
Income share by poorest 10% n/a
2.1%
2023
Government expenditure, % of GDP
35%
2025
36.7%
2024
Consumer prices inflation
-0.9%
2019-2020
2.6%
2023-2024
Central bank interest rate n/a
1.81%
2025
Unemployment rate
3.7%
2016
4.17%
2024
Population
84102
6359449

Inflation comparison by year

Inflation
Andorra

Bulgaria
1x
Year Consumer prices inflation
Andorra Bulgaria
2024 - 2.6%
2023 - 8.6%
2022 - 13%
2021 - 2.8%
2020 -0.9% 1.2%
2019 -0.9% 2.5%
2018 -0.9% 2.6%
2017 - 1.2%
2016 - -1.3%
2015 -0.9% -1.1%
2014 - -1.6%
2013 - 0.4%
2012 1.1% 2.4%
2011 - 3.4%
2010 1.6% 3%
2009 - 2.5%
2008 2.3% 12%
2007 3.9% 7.6%
2006 - 7.4%
2005 3.2% 6%
2004 3.4% 6.1%
2003 - 2.3%
2002 - 5.8%
2001 - 7.4%
2000 4.3% 10.3%
1999 - 2.6%
1998 1.62% 18.7%
1997 - 1,061%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20).

GeoRank.org/economy/andorra/bulgaria | CC BY

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 4.41% in Bulgaria. In 2020, inflation was -0.9% in Andorra and 2.6% in Bulgaria.

Top exports between countries

Andorra
Export category Export value
Machinery & equipment $61K
Textiles & consumer goods $6K
Chemicals & pharma $5K
Precious metals & jewellery $1K
Bulgaria
Export category Export value
Machinery & equipment $327K
Processed food, beverages & tobacco $148K
Textiles & consumer goods $88K
Wood & paper products $60K
Precious metals & jewellery $22K
Metals $11K
Chemicals & pharma $4K
Miscellaneous $2K

Balance of trade

Andorra Bulgaria
Current account balance
$649M
2024
-$1.74B
2024
Current account balance ranking
57/190
2024
138/190
2024
Current account balance, % of GDP
+16.1%
2024
-1.54%
2024
Goods imports
$1.95B
2024
$52.8B
2024
Goods exports
$255M
2024
$47.3B
2024
Service imports
$1.04B
2024
$8.26B
2024
Service exports
$3.38B
2024
$16.6B
2024
Imports of goods and services, % of GDP n/a
53.9%
2024
Exports of goods and services, % of GDP
15%
2025
56.4%
2024

Economic freedom indices

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

Andorra Bulgaria
Economic freedom 72 68.9
Economic freedom ranking 28/197 44/197
Property rights n/a 75.8
Government integrity n/a 48.4
Judicial effectiveness n/a 58.5
Tax burden n/a 89.1
Government spending n/a 58.4
Fiscal health n/a 90.4
Business freedom n/a 78.2
Labor freedom n/a 62.4
Monetary freedom n/a 75.8
Trade freedom n/a 79.4
Investment freedom n/a 60
Financial freedom n/a 50

Other economic metrics

Andorra Bulgaria
Services, % of GDP
77.6%
2024
63.8%
2024
Industry, % of GDP
12.8%
2024
21.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
2.35%
2024
GNI, Atlas method
$3.9B
2024
$99B
2024
GNI per capita, PPP
$76,090
2024
$39,850
2024
Total reserves including gold n/a
$43.7B
2024
Total reserves ranking n/a
47/177
2024
Net foreign direct investment
-$150M
2024
-$2.22B
2024
Net inflows of foreign direct investment
$268M
2024
$3.55B
2024
Net outflows of foreign direct investment
$118M
2024
$1.13B
2024
Servicing debt to the IMF, % of GNI n/a
6.8%
2024
Poverty at national poverty lines
8%
2008
21.7%
2023
Gross capital formation, % of GDP n/a
20.4%
2024

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/andorra/bulgaria | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2022–2024, 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.