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Economy of Bulgaria vs Djibouti compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $4.15B for Djibouti, ranking 67/197 and 165/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $1.36B (32.9% of GDP) in Djibouti.

Bulgaria vs Djibouti GDP by year

Bulgaria
Djibouti
1x
Year GDP, current $
Bulgaria Djibouti
2024 $113,343,355,780 $4,152,145,940
2023 $102,199,231,385 $3,898,447,007
2022 $90,506,153,294 $3,562,814,909
2021 $84,374,613,233 $3,392,796,953
2020 $70,486,877,546 $3,144,136,197
2019 $68,507,731,354 $3,088,851,450
2018 $66,097,226,262 $2,913,464,658
2017 $59,167,647,388 $2,762,581,334
2016 $53,929,397,039 $2,604,955,229
2015 $50,765,918,159 $2,424,391,785
2014 $57,080,897,012 $2,220,637,966
2013 $55,819,262,375 $2,044,440,443
2012 $54,297,052,002 $1,353,632,942
2011 $57,681,293,007 $1,239,144,502
2010 $50,689,051,382 $1,128,611,700
2009 $52,023,801,230 $1,049,110,685
2008 $54,480,684,188 $999,105,339
2007 $44,431,257,129 $847,918,929
2006 $34,380,536,496 $768,873,684
2005 $29,868,657,858 $708,633,195
2004 $26,157,743,369 $666,072,102
2003 $21,144,957,990 $622,044,666
2002 $16,403,043,850 $591,122,040
2001 $14,183,446,026 $572,417,441
2000 $13,245,990,274 $551,230,862
1999 $13,637,098,579 $536,080,148
1998 $15,031,055,047 $514,267,869
1997 $11,316,127,379 $502,675,542
1996 $12,294,964,838 $494,004,648
1995 $18,991,484,420 $497,723,961
1994 $9,709,240,034 $491,689,221
1993 $10,832,064,942 $466,048,469
1992 $8,602,887,623 $478,058,305
1991 $7,628,738,475 $462,421,999
1990 $20,632,090,909 $452,328,087
1989 $21,988,444,444 $409,220,087
1988 $22,555,941,176 $395,794,539
1987 $28,101,000,000 $373,371,738
1986 $20,249,294,118 -
1985 $17,155,421,053 $340,989,528
1984 $17,594,944,444 -
1983 $16,563,666,667 -
1982 $19,342,000,000 -
1981 $19,870,000,000 -
1980 $19,839,230,769 -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

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

GDP per capita in Bulgaria vs Djibouti by year

Bulgaria
GDP per capita

GDP per capita, PPP
Djibouti
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Djibouti
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $3,553 $7,810
2023 $15,853 $38,829 $3,381 $7,226
2022 $13,999 $36,320 $3,133 $6,621
2021 $12,966 $30,959 $3,026 $5,960
2020 $10,760 $27,352 $2,845 $5,527
2019 $10,354 $26,766 $2,837 $5,398
2018 $9,849 $23,998 $2,718 $5,083
2017 $8,697 $22,317 $2,619 $4,677
2016 $7,822 $20,746 $2,510 $4,432
2015 $7,269 $18,896 $2,376 $4,264
2014 $8,070 $17,991 $2,215 $3,978
2013 $7,796 $16,894 $2,076 $3,762
2012 $7,432 $16,327 $1,400 -
2011 $7,850 $15,747 $1,306 -
2010 $6,854 $14,954 $1,213 -
2009 $6,988 $14,188 $1,151 -
2008 $7,271 $14,347 $1,119 -
2007 $5,889 $12,822 $970 -
2006 $4,523 $11,406 $898 -
2005 $3,900 $10,291 $844 -
2004 $3,390 $9,200 $806 -
2003 $2,719 $8,416 $765 -
2002 $2,093 $7,786 $743 -
2001 $1,771 $6,960 $742 -
2000 $1,621 $6,424 $738 -
1999 $1,661 $5,808 $740 -
1998 $1,820 $6,178 $735 -
1997 $1,361 $5,751 $748 -
1996 $1,470 $6,849 $762 -
1995 $2,259 $7,743 $786 -
1994 $1,150 $7,338 $785 -
1993 $1,279 $7,032 $759 -
1992 $1,007 $6,917 $764 -
1991 $884 $7,215 $733 -
1990 $2,367 $7,548 $780 -
1989 $2,477 - $782 -
1988 $2,511 - $817 -
1987 $3,132 - $822 -
1986 $2,260 - - -
1985 $1,915 - $847 -
1984 $1,964 - - -
1983 $1,853 - - -
1982 $2,169 - - -
1981 $2,235 - - -
1980 $2,239 - - -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

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

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $3,553 in Djibouti, ranking 133/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Djibouti ranks 143rd at $7,810.

Economic indicators

Bulgaria Djibouti
Gross domestic product
$113B
2024
$4.15B
2024
GDP rank
67/197
2024
165/197
2024
GDP growth
3.39%
2023-2024
6.98%
2023-2024
GDP per capita
$17,596
2024
$3,553
2024
GDP per capita rank
64/197
2024
133/197
2024
GDP per capita, PPP
$41,969
2024
$7,810
2024
GDP per capita PPP rank
54/197
2024
143/197
2024
Government debt
$27.3B
2024
$1.36B
2024
Debt-to-GDP ratio
24.1%
2024
32.9%
2024
Government debt per person
$4,237
2024
$1,167
2024
Government debt per person rank
90/185
2024
137/185
2024
Average annual personal income after taxes
$14,263
2026
$2,690
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
32.3%
2017
Income share by poorest 10%
2.1%
2023
1.9%
2017
Government expenditure, % of GDP
36.7%
2024
20.6%
2024
Consumer prices inflation
2.6%
2023-2024
2.1%
2023-2024
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
4.17%
2024
40%
2017
Population
6359449
1203929

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Djibouti
Spending

Debt
1x
Year % of GDP
Bulgaria Djibouti
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 20.6% 32.9%
2023 37.4% 22.9% 21.5% 35.4%
2022 37.6% 22.5% 21% 38.3%
2021 38.4% 23.8% 23.1% 40.3%
2020 37.6% 22.7% 25.8% 42.1%
2019 36% 18.4% 24.9% 41.1%
2018 34.4% 20.1% 25.9% 47.5%
2017 32% 22.9% 23.9% 48%
2016 32.7% 27% 25.9% 45.9%
2015 37.3% 25.4% 42% 40.3%
2014 37.1% 26.3% 29% 26.9%
2013 35.5% 17.2% 26.8% 24.6%
2012 32.5% 16.5% 26.5% 25%
2011 32% 14.3% 25.3% 25.7%
2010 34.6% 14.1% 26.6% 27.9%
2009 33.8% 14.5% 31% 29.5%
2008 33.5% 14.7% 28.8% 59.3%
2007 33.1% 17.6% 26.6% 56.6%
2006 32.5% 22.6% 23.8% 58.3%
2005 34% 28.5% 26.2% 60.3%
2004 34.6% 37.8% 26.7% 65.3%
2003 35.8% 45.4% 25.8% 66.3%
2002 35.1% 53.4% 23.4% 63.7%
2001 36.5% 67.1% 21% 58.1%
2000 37.1% 73.3% 23.2% 58.1%
1999 36.2% 78.7% 23.5% 58.5%
1998 30.6% 67.3% 24% 55.2%
1997 32.9% 88.4% 25% 56%
1996 44% 113.8% 23.7% 53.1%
1995 45.4% 72% 27% 50.9%
1994 - - 30.9% -
1993 - - 35.3% -
1992 - - 34.9% -
1991 - - 27.7% -
1990 - - 30.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2008, retrieved 2026-02-20).

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Djibouti spent $856M, or 20.6% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 32.9% in Djibouti, ranking 169/185 and 149/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Djibouti
1x
Year Deficit/surplus, % of GDP
Bulgaria Djibouti
2024 -3.04% -2.6%
2023 -3.03% -3.46%
2022 -0.8% -1.48%
2021 -2.8% -3.05%
2020 -2.92% -2.58%
2019 -0.96% -0.98%
2018 0.12% -1.98%
2017 0.82% -0.21%
2016 1.54% -0.76%
2015 -2.77% -15.5%
2014 -3.65% -6.92%
2013 -1.75% -0.34%
2012 -0.43% -2.04%
2011 -1.83% -1.18%
2010 -3.77% -1.04%
2009 -0.86% -3.88%
2008 2.73% 0.62%
2007 3.09% -1.88%
2006 3.22% 0.26%
2005 2.19% -1.18%
2004 1.59% -3.67%
2003 0.003% -4.13%
2002 -0.61% -4.56%
2001 -0.58% -3.61%
2000 -0.6% -3.97%
1999 0.15% -5.2%
1998 1.08% -3.59%
1997 0.83% -2.86%
1996 -10.1% -1.77%
1995 -7.98% -5.13%
1994 - -4.97%
1993 - -7.1%
1992 - -6.13%
1991 - -0.86%
1990 - -3.25%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/djibouti | 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 Djibouti's deficit of $108M, or 2.6% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while Djibouti ran a deficit in 28 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 2.96% of GDP for Djibouti.

Inflation comparison by year

Inflation
Bulgaria

Djibouti
1x
Year Consumer prices inflation
Bulgaria Djibouti
2024 2.6% 2.1%
2023 8.6% 1.4%
2022 13% 5.2%
2021 2.8% 1.2%
2020 1.2% 1.8%
2019 2.5% 3.3%
2018 2.6% 0.1%
2017 1.2% 0.6%
2016 -1.3% 2.4%
2015 -1.1% -0.5%
2014 -1.6% 1.3%
2013 0.4% 1.1%
2012 2.4% 4.2%
2011 3.4% 5.2%
2010 3% 2.5%
2009 2.5% 5.6%
2008 12% 8.7%
2007 7.6% 5.9%
2006 7.4% 3.5%
2005 6% 3.3%
2004 6.1% 2.4%
2003 2.3% 1.6%
2002 5.8% 1.4%
2001 7.4% 1.9%
2000 10.3% 1.2%
1999 2.6% -0.4%
1998 18.7% 2.2%
1997 1,061% 2.5%

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

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

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 2.56% in Djibouti. In 2024, inflation was 2.6% in Bulgaria and 2.1% in Djibouti.

Top exports between countries

Bulgaria
Export category Export value
Processed food, beverages & tobacco $3.01M
Machinery & equipment $79K
Metals $79K
Textiles & consumer goods $22K
Chemicals & pharma $9K
Raw materials & minerals $2K
Djibouti
Export category Export value
Miscellaneous $2K

Balance of trade

Bulgaria Djibouti
Current account balance
-$1.74B
2024
$610M
2024
Current account balance ranking
138/190
2024
59/190
2024
Current account balance, % of GDP
-1.54%
2024
+14.7%
2024
Goods imports
$52.8B
2024
$4.04B
2024
Goods exports
$47.3B
2024
$4.08B
2024
Service imports
$8.26B
2024
$730M
2024
Service exports
$16.6B
2024
$1.17B
2024
Imports of goods and services, % of GDP
53.9%
2024
114.8%
2024
Exports of goods and services, % of GDP
56.4%
2024
126.4%
2024

Economic freedom indices

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

Bulgaria Djibouti
Economic freedom 68.9 56.3
Economic freedom ranking 44/197 122/197
Property rights 75.8 30.4
Government integrity 48.4 27.9
Judicial effectiveness 58.5 28.6
Tax burden 89.1 83.5
Government spending 58.4 86.7
Fiscal health 90.4 87.7
Business freedom 78.2 52.9
Labor freedom 62.4 57.5
Monetary freedom 75.8 70.6
Trade freedom 79.4 49.8
Investment freedom 60 50
Financial freedom 50 50

Economic freedom comparison by year

Bulgaria
Djibouti
1x
Year Economic freedom index
Bulgaria Djibouti
2026 68.9 56.3
2025 68.8 55.7
2024 68.5 55.8
2023 69.3 56.1
2022 71 55.3
2021 70.4 56.2
2020 70.2 52.9
2019 69 47.1
2018 68.3 45.1
2017 67.9 46.7
2016 65.9 56
2015 66.8 57.5
2014 65.7 55.9
2013 65 53.9
2012 64.7 53.9
2011 64.9 54.5
2010 62.3 51
2009 64.6 51.3
2008 63.7 51.2
2007 62.7 52.4
2006 64.1 53.2
2005 62.3 55.2
2004 59.2 55.6
2003 57 55.7
2002 57.1 57.8
2001 51.9 58.3
2000 47.3 55.1
1999 46.2 57.1
1998 45.7 55.9
1997 47.6 54.5
1996 48.6 -
1995 50 -

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

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 56.3 for Djibouti, ranking 122/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Djibouti
Services, % of GDP
63.8%
2024
76.1%
2024
Industry, % of GDP
21.1%
2024
15.9%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
2.51%
2024
GNI, Atlas method
$99B
2024
$4.25B
2024
GNI per capita, PPP
$39,850
2024
$8,030
2024
Total reserves including gold
$43.7B
2024
$349M
2024
Total reserves ranking
47/177
2024
165/177
2024
Net foreign direct investment
-$2.22B
2024
-$67.8M
2024
Net inflows of foreign direct investment
$3.55B
2024
$67.8M
2024
Net outflows of foreign direct investment
$1.13B
2024
$0
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
3.27%
2024
Poverty at national poverty lines
21.7%
2023
23%
2020
Gross capital formation, % of GDP
20.4%
2024
0.25%
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/djibouti | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (1924–2008, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. 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.