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Economy of Andorra vs Bulgaria compared: GDP & Debt

Updated on by Georank

Andorra has a GDP of $4.5B compared to $131B for Bulgaria, ranking 166/197 and 63/197 by economy size, respectively.

Andorra vs Bulgaria GDP by year

Andorra
Bulgaria
1x
Year GDP, current $
Andorra Bulgaria
2025 $4,500,982,732 $130,777,235,530
2024 $4,044,249,679 $113,349,149,167
2023 $3,785,067,332 $102,204,457,335
2022 $3,380,612,573 $90,510,784,778
2021 $3,324,647,529 $84,378,926,047
2020 $2,891,001,149 $70,490,478,088
2019 $3,155,149,348 $68,511,235,459
2018 $3,218,419,897 $66,100,606,677
2017 $3,000,162,081 $59,170,671,046
2016 $2,896,610,480 $53,932,152,154
2015 $2,789,881,259 $50,768,512,173
2014 $3,271,685,597 $57,083,817,240
2013 $3,193,512,950 $55,822,115,861
2012 $3,188,652,765 $54,299,825,600
2011 $3,629,133,575 $57,684,243,980
2010 $3,449,925,739 $50,691,645,231
2009 $3,688,976,341 $52,026,461,290
2008 $4,102,319,399 $54,483,464,293
2007 $3,957,625,367 $44,433,521,725
2006 $3,459,337,987 $34,382,295,487
2005 $3,161,084,091 $29,870,182,425
2004 $2,900,245,324 $26,159,078,743
2003 $2,366,941,809 $21,146,038,619
2002 $1,764,279,824 $16,403,880,783
2001 $1,548,265,808 $14,184,170,319
2000 $1,432,606,189 $13,246,669,554
1999 $1,240,295,103 $13,637,793,854
1998 $1,211,953,994 $15,031,821,788
1997 $1,180,645,572 $11,316,706,412
1996 $1,224,024,139 $12,295,588,924
1995 $1,178,745,283 $18,992,388,645
1994 $1,017,544,069 $9,709,230,161
1993 $1,007,090,270 $10,832,041,595
1992 $1,209,992,020 $8,602,874,120
1991 $1,106,891,362 $7,628,764,750
1990 $1,028,989,692 $20,726,605,649
1989 $795,489,582 $21,746,286,447
1988 $721,425,939 $23,003,003,708
1987 $611,299,925 $28,428,718,531
1986 $481,996,013 $20,261,546,635
1985 $346,742,715 $17,562,270,447
1984 $330,073,081 $17,410,894,971
1983 $327,850,043 $16,959,180,922
1982 $375,914,744 $19,803,624,625
1981 $388,983,266 $20,055,685,481
1980 $446,377,777 $20,039,544,133
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 (1970–2025, retrieved 2026-07-08).

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
2025 $54,292 - $20,328 -
2024 $49,357 $74,939 $17,597 $41,969
2023 $46,812 $71,731 $15,854 $38,829
2022 $42,414 $68,470 $14,000 $36,320
2021 $42,426 $59,332 $12,967 $30,959
2020 $37,361 $52,096 $10,761 $27,352
2019 $41,258 $57,475 $10,354 $26,766
2018 $42,820 $55,245 $9,850 $23,998
2017 $40,673 $53,085 $8,697 $22,317
2016 $40,130 $53,110 $7,823 $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 $6,989 $14,188
2008 $49,133 $44,839 $7,272 $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 $2,720 $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 $1,821 $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 $2,377 $7,548
1989 $15,715 - $2,450 -
1988 $14,599 - $2,561 -
1987 $12,828 - $3,169 -
1986 $10,539 - $2,262 -
1985 $7,912 - $1,960 -
1984 $7,808 - $1,943 -
1983 $8,082 - $1,897 -
1982 $9,698 - $2,221 -
1981 $10,465 - $2,256 -
1980 $12,475 - $2,261 -
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 (1970–2025, retrieved 2026-07-08).

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

Andorra's GDP per capita is $54,292, ranking 24/197, compared to $20,328 in Bulgaria, ranking 58/197. 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
$4.5B
2025
$131B
2025
GDP rank
166/197
2025
63/197
2025
GDP growth
3.87%
2024-2025
3.1%
2024-2025
GDP per capita
$54,292
2025
$20,328
2025
GDP per capita rank
24/197
2025
58/197
2025
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
$35.4B
2025
Debt-to-GDP ratio n/a
27.1%
2025
Government debt per person n/a
$5,507
2025
Government debt per person rank n/a
79/185
2025
Average annual personal income after taxes
$30,784
2026
$16,126
2026
Market capitalization of domestic companies n/a
$11.2B
2025
Number of billionaires n/a
2
2026
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%
2026
38.9%
2025
Consumer prices inflation
-0.9%
2019-2020
3.5%
2024-2025
Central bank interest rate n/a
1.81%
2025
Unemployment rate
3.7%
2016
3.5%
2025
Population
84217
6390149

Inflation comparison by year

Inflation
Andorra

Bulgaria
1x
Year Consumer prices inflation
Andorra Bulgaria
2025 - 3.5%
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 (1997–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-07-08).

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 3.5% 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 $413K
Processed food, beverages & tobacco $82K
Textiles & consumer goods $81K
Wood & paper products $80K
Precious metals & jewellery $22K
Chemicals & pharma $9K
Animal & marine products $8K
Metals $4K
Miscellaneous $2K

Balance of trade

Andorra Bulgaria
Current account balance
$649M
2024
-$7.64B
2025
Current account balance ranking
54/190
2024
170/190
2025
Current account balance, % of GDP
+16%
2024
-5.84%
2025
Goods imports
$1.95B
2024
$58.5B
2025
Goods exports
$255M
2024
$47.9B
2025
Service imports
$1.04B
2024
$9.42B
2025
Service exports
$3.38B
2024
$18.6B
2025
Imports of goods and services, % of GDP n/a
51.8%
2025
Exports of goods and services, % of GDP
15%
2026
50.7%
2025

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
77.8%
2025
63.3%
2025
Industry, % of GDP
12.8%
2025
21.2%
2025
Agriculture, forestry, and fishing, % of GDP
0.48%
2025
2.47%
2025
GNI, Atlas method
$4.41B
2025
$114B
2025
GNI per capita, PPP
$80,950
2025
$42,170
2025
Total reserves including gold n/a
$47.1B
2025
Total reserves ranking n/a
51/177
2025
Net foreign direct investment
-$150M
2024
-$3.37B
2025
Net inflows of foreign direct investment
$268M
2024
$3.05B
2024
Net outflows of foreign direct investment
$118M
2024
$1.21B
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
21.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1970–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08)
  4. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-07-08)
  5. TradeMap (2022–2025, retrieved 2026-07-08)
  6. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.