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Economy of Bulgaria vs Cambodia compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $46.4B for Cambodia, ranking 67/197 and 97/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $12B (25.9% of GDP) in Cambodia.

Bulgaria vs Cambodia GDP by year

Bulgaria
Cambodia
1x
Year GDP, current $
Bulgaria Cambodia
2024 $113,343,355,780 $46,352,647,037
2023 $102,199,231,385 $42,335,646,896
2022 $90,506,153,294 $39,994,532,960
2021 $84,374,613,233 $36,790,163,687
2020 $70,486,877,546 $34,818,073,901
2019 $68,507,731,354 $36,685,356,408
2018 $66,097,226,262 $33,145,892,169
2017 $59,167,647,388 $29,355,665,910
2016 $53,929,397,039 $26,556,545,153
2015 $50,765,918,159 $24,174,170,369
2014 $57,080,897,012 $22,041,463,968
2013 $55,819,262,375 $19,807,135,253
2012 $54,297,052,002 $17,826,536,700
2011 $57,681,293,007 $16,032,622,024
2010 $50,689,051,382 $13,808,673,288
2009 $52,023,801,230 $12,502,901,170
2008 $54,480,684,188 $12,174,303,999
2007 $44,431,257,129 $10,127,916,460
2006 $34,380,536,496 $8,350,531,017
2005 $29,868,657,858 $7,066,296,463
2004 $26,157,743,369 $5,883,297,160
2003 $21,144,957,990 $5,046,693,484
2002 $16,403,043,850 $4,501,227,627
2001 $14,183,446,026 $4,145,665,970
2000 $13,245,990,274 $3,694,168,979
1999 $13,637,098,579 $3,517,242,477
1998 $15,031,055,047 $3,120,425,503
1997 $11,316,127,379 $3,443,413,389
1996 $12,294,964,838 $3,506,695,720
1995 $18,991,484,420 $3,441,205,693
1994 $9,709,240,034 $2,791,435,272
1993 $10,832,064,942 $2,533,727,592
1992 $8,602,887,623 $2,491,486,594
1991 $7,628,738,475 $2,054,974,089
1990 $20,632,090,909 $1,402,541,177
1989 $21,988,444,444 $1,353,137,648
1988 $22,555,941,176 $1,662,877,859
1987 $28,101,000,000 $1,036,974,910
1986 $20,249,294,118 $1,167,630,318
1985 $17,155,421,053 $1,102,669,184
1984 $17,594,944,444 $1,021,176,059
1983 $16,563,666,667 $939,291,262
1982 $19,342,000,000 $865,516,040
1981 $19,870,000,000 $815,153,652
1980 $19,839,230,769 $744,384,130
1979 - $723,738,503
1978 - $766,642,356
1977 - $716,261,764
1976 - $790,357,255
1975 - $749,129,748

Data sources: World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06).

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

GDP per capita in Bulgaria vs Cambodia by year

Bulgaria
GDP per capita

GDP per capita, PPP
Cambodia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Cambodia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $2,628 $7,967
2023 $15,853 $38,829 $2,430 $7,431
2022 $13,999 $36,320 $2,325 $6,919
2021 $12,966 $30,959 $2,167 $6,226
2020 $10,760 $27,352 $2,082 $5,942
2019 $10,354 $26,766 $2,226 $6,154
2018 $9,849 $23,998 $2,037 $5,617
2017 $8,697 $22,317 $1,826 $5,050
2016 $7,822 $20,746 $1,675 $4,748
2015 $7,269 $18,896 $1,547 $4,434
2014 $8,070 $17,991 $1,432 $4,118
2013 $7,796 $16,894 $1,306 $3,891
2012 $7,432 $16,327 $1,193 $3,583
2011 $7,850 $15,747 $1,089 $3,223
2010 $6,854 $14,954 $952 $2,989
2009 $6,988 $14,188 $876 $2,854
2008 $7,271 $14,347 $866 $2,769
2007 $5,889 $12,822 $732 $2,566
2006 $4,523 $11,406 $612 $2,297
2005 $3,900 $10,291 $526 $2,038
2004 $3,390 $9,200 $444 $1,770
2003 $2,719 $8,416 $387 $1,598
2002 $2,093 $7,786 $350 $1,442
2001 $1,771 $6,960 $328 $1,357
2000 $1,621 $6,424 $296.4 $1,256
1999 $1,661 $5,808 $286.8 $1,134
1998 $1,820 $6,178 $258.8 $1,009
1997 $1,361 $5,751 $297.6 $994
1996 $1,470 $6,849 $325 $1,006
1995 $2,259 $7,743 $343 $1,006
1994 $1,150 $7,338 $302 $972
1993 $1,279 $7,032 $294.1 $1,565
1992 $1,007 $6,917 $307 $1,560
1991 $884 $7,215 $267.3 $1,504
1990 $2,367 $7,548 $190.2 $1,410
1989 $2,477 - $191.3 -
1988 $2,511 - $244.1 -
1987 $3,132 - $158.1 -
1986 $2,260 - $185.8 -
1985 $1,915 - $182.4 -
1984 $1,964 - $174.7 -
1983 $1,853 - $166.7 -
1982 $2,169 - $159.2 -
1981 $2,235 - $154.3 -
1980 $2,239 - $143.2 -
1979 - - $142.2 -
1978 - - $147.1 -
1977 - - $126.4 -
1976 - - $128.8 -
1975 - - $113.8 -

Data sources: World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06).

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

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $2,628 in Cambodia, ranking 145/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Cambodia ranks 142nd at $7,967.

Economic indicators

Bulgaria Cambodia
Gross domestic product
$113B
2024
$46.4B
2024
GDP rank
67/197
2024
97/197
2024
GDP growth
3.39%
2023-2024
5.98%
2023-2024
GDP per capita
$17,596
2024
$2,628
2024
GDP per capita rank
64/197
2024
145/197
2024
GDP per capita, PPP
$41,969
2024
$7,967
2024
GDP per capita PPP rank
54/197
2024
142/197
2024
Government debt
$27.3B
2024
$12B
2024
Debt-to-GDP ratio
24.1%
2024
25.9%
2024
Government debt per person
$4,237
2024
$681
2024
Government debt per person rank
90/185
2024
156/185
2024
Average annual personal income after taxes
$14,263
2026
$2,258
2026
Market capitalization of domestic companies
$8.41B
2024
n/a
Number of billionaires
2
2025
n/a
Income share by richest 10%
31.1%
2023
n/a
Income share by poorest 10%
2.1%
2023
n/a
Government expenditure, % of GDP
36.7%
2024
17.3%
2024
Consumer prices inflation
2.6%
2023-2024
0.9%
2023-2024
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
4.17%
2024
0.26%
2023
Population
6359449
18113986

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Cambodia
Spending

Debt
1x
Year % of GDP
Bulgaria Cambodia
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 17.3% 25.9%
2023 37.4% 22.9% 19.1% 26.3%
2022 37.6% 22.5% 18.7% 25.5%
2021 38.4% 23.8% 21% 25.9%
2020 37.6% 22.7% 20.3% 25.2%
2019 36% 18.4% 17.6% 20.8%
2018 34.4% 20.1% 16.1% 21.1%
2017 32% 22.9% 16.2% 22.6%
2016 32.7% 27% 15.2% 21.8%
2015 37.3% 25.4% 14.5% 23.3%
2014 37.1% 26.3% 16.5% 24.2%
2013 35.5% 17.2% 16.4% 24.4%
2012 32.5% 16.5% 17.1% 24.9%
2011 32% 14.3% 16.5% 23.8%
2010 34.6% 14.1% 17% 23.4%
2009 33.8% 14.5% 17% 23.7%
2008 33.5% 14.7% 13.1% 23%
2007 33.1% 17.6% 12.3% 25.1%
2006 32.5% 22.6% 11.3% 26.7%
2005 34% 28.5% 11% 31.7%
2004 34.6% 37.8% 12.6% 38.7%
2003 35.8% 45.4% 14.5% 39.8%
2002 35.1% 53.4% 16.1% 37.8%
2001 36.5% 67.1% 14.5% 33.5%
2000 37.1% 73.3% 14.9% 34.9%
1999 36.2% 78.7% 13.8% 34.6%
1998 30.6% 67.3% 13.4% 37.2%
1997 32.9% 88.4% 12.4% 31.4%
1996 44% 113.8% 15.7% 30.1%
1995 45.4% 72% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1997, retrieved 2026-02-20).

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Cambodia spent $8B, or 17.3% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 25.9% in Cambodia, ranking 169/185 and 164/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Cambodia
1x
Year Deficit/surplus, % of GDP
Bulgaria Cambodia
2024 -3.04% -2.67%
2023 -3.03% -2.83%
2022 -0.8% -0.29%
2021 -2.8% -5.18%
2020 -2.92% -2.53%
2019 -0.96% 2.19%
2018 0.12% 0.28%
2017 0.82% -0.76%
2016 1.54% -0.29%
2015 -2.77% -0.65%
2014 -3.65% -1.24%
2013 -1.75% -2.01%
2012 -0.43% -3.57%
2011 -1.83% -3.76%
2010 -3.77% -3.09%
2009 -0.86% -3.98%
2008 2.73% 0.43%
2007 3.09% 0.62%
2006 3.22% -0.15%
2005 2.19% -0.34%
2004 1.59% -3.23%
2003 0.003% -5.69%
2002 -0.61% -6.07%
2001 -0.58% -4.95%
2000 -0.6% -4.76%
1999 0.15% -3.79%
1998 1.08% -5.35%
1997 0.83% -3.7%
1996 -10.1% -7.53%
1995 -7.98% -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 0% -
1943 0% -
1942 -0.3% -
1941 3.96% -
1940 0.75% -
1939 0.72% -
1938 1% -
1937 1.41% -
1936 1.17% -
1935 1.34% -
1934 -0.12% -
1933 -0.56% -
1932 -2.14% -
1931 -3.07% -
1930 -5.48% -
1929 -6.67% -
1928 -1.09% -
1927 -0.02% -
1926 -0.25% -
1925 -0.97% -
1924 1.26% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

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

In 2024, Bulgaria's government deficit, the difference between spending and revenue, was $3.44B, equivalent to 3.04% of GDP. This compares to Cambodia's deficit of $1.24B, or 2.67% of GDP.

Over the past 29 years, Bulgaria recorded a fiscal deficit in 17 of those years, while Cambodia ran a deficit in 25 years. On average, Bulgaria posted an annual deficit equal to 0.8% of GDP, compared to deficit of 2.58% of GDP for Cambodia.

Inflation comparison by year

Inflation
Bulgaria

Cambodia
1x
Year Consumer prices inflation
Bulgaria Cambodia
2024 2.6% 0.9%
2023 8.6% 2.1%
2022 13% 5.3%
2021 2.8% 2.9%
2020 1.2% 2.9%
2019 2.5% 2%
2018 2.6% 2.4%
2017 1.2% 2.9%
2016 -1.3% 3%
2015 -1.1% 1.2%
2014 -1.6% 3.9%
2013 0.4% 2.9%
2012 2.4% 2.9%
2011 3.4% 5.5%
2010 3% 4%
2009 2.5% -0.7%
2008 12% 25%
2007 7.6% 7.7%
2006 7.4% 6.1%
2005 6% 6.3%
2004 6.1% 3.9%
2003 2.3% 1%
2002 5.8% 0%
2001 7.4% -0.1%
2000 10.3% -0.8%
1999 2.6% 2%
1998 18.7% 12.9%
1997 1,061% 10.5%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 4.24% in Cambodia. In 2024, inflation was 2.6% in Bulgaria and 0.9% in Cambodia.

Top exports between countries

Bulgaria
Export category Export value
Animal & marine products $1.37M
Processed food, beverages & tobacco $1.18M
Textiles & consumer goods $897K
Machinery & equipment $848K
Metals $431K
Chemicals & pharma $355K
Raw materials & minerals $46K
Miscellaneous $1K
Precious metals & jewellery $1K
Cambodia
Export category Export value
Processed food, beverages & tobacco $20.7M
Textiles & consumer goods $1.78M
Raw materials & minerals $37K
Raw agricultural goods $32K
Machinery & equipment $5K
Miscellaneous $4K
Wood & paper products $4K

Balance of trade

Bulgaria Cambodia
Current account balance
-$1.74B
2024
$228M
2024
Current account balance ranking
138/190
2024
65/190
2024
Current account balance, % of GDP
-1.54%
2024
+0.49%
2024
Goods imports
$52.8B
2024
$31.2B
2024
Goods exports
$47.3B
2024
$26.8B
2024
Service imports
$8.26B
2024
$3.08B
2024
Service exports
$16.6B
2024
$4.97B
2024
Imports of goods and services, % of GDP
53.9%
2024
72.1%
2024
Exports of goods and services, % of GDP
56.4%
2024
71.4%
2024

Economic freedom indices

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

Bulgaria Cambodia
Economic freedom 68.9 58.7
Economic freedom ranking 44/197 108/197
Property rights 75.8 38.1
Government integrity 48.4 18.9
Judicial effectiveness 58.5 21.2
Tax burden 89.1 90.3
Government spending 58.4 89.9
Fiscal health 90.4 92.7
Business freedom 78.2 60.8
Labor freedom 62.4 48.3
Monetary freedom 75.8 77
Trade freedom 79.4 67.8
Investment freedom 60 50
Financial freedom 50 50

Economic freedom comparison by year

Bulgaria
Cambodia
1x
Year Economic freedom index
Bulgaria Cambodia
2026 68.9 58.7
2025 68.8 58.2
2024 68.5 55.6
2023 69.3 56.5
2022 71 57.1
2021 70.4 57.3
2020 70.2 57.3
2019 69 57.8
2018 68.3 58.7
2017 67.9 59.5
2016 65.9 57.9
2015 66.8 57.5
2014 65.7 57.4
2013 65 58.5
2012 64.7 57.6
2011 64.9 57.9
2010 62.3 56.6
2009 64.6 56.6
2008 63.7 55.9
2007 62.7 55.9
2006 64.1 56.7
2005 62.3 60
2004 59.2 61.1
2003 57 63.7
2002 57.1 60.7
2001 51.9 59.6
2000 47.3 59.3
1999 46.2 59.9
1998 45.7 59.8
1997 47.6 52.8
1996 48.6 -
1995 50 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 58.7 for Cambodia, ranking 108/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Cambodia
Services, % of GDP
63.8%
2024
35.6%
2024
Industry, % of GDP
21.1%
2024
41.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
16.6%
2024
GNI, Atlas method
$99B
2024
$44.9B
2024
GNI per capita, PPP
$39,850
2024
$7,910
2024
Total reserves including gold
$43.7B
2024
$22.5B
2024
Total reserves ranking
47/177
2024
58/177
2024
Net foreign direct investment
-$2.22B
2024
-$4.22B
2024
Net inflows of foreign direct investment
$3.55B
2024
$4.39B
2024
Net outflows of foreign direct investment
$1.13B
2024
$172M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
7.41%
2024
Poverty at national poverty lines
21.7%
2023
17.7%
2012
Gross capital formation, % of GDP
20.4%
2024
32.2%
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/bulgaria/cambodia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, 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.