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Economy of Bulgaria vs Dominica compared: GDP & Debt

Updated on by Georank

Bulgaria has a GDP of $131B compared to $724M for Dominica, ranking 63/197 and 190/197 by economy size, respectively.

Bulgaria has $35.4B in government debt (27.1% of GDP), compared to $743M (102.6% of GDP) in Dominica.

Bulgaria vs Dominica GDP by year

Bulgaria
Dominica
1x
Year GDP, current $
Bulgaria Dominica
2025 $130,777,235,530 $723,859,259
2024 $113,349,149,167 $688,881,481
2023 $102,204,457,335 $659,311,111
2022 $90,510,784,778 $623,062,963
2021 $84,378,926,047 $562,911,111
2020 $70,490,478,088 $528,944,444
2019 $68,511,235,459 $644,259,259
2018 $66,100,606,677 $628,244,444
2017 $59,170,671,046 $563,355,556
2016 $53,932,152,154 $612,711,111
2015 $50,768,512,173 $583,177,778
2014 $57,083,817,240 $572,255,556
2013 $55,822,115,861 $545,325,926
2012 $54,299,825,600 $520,355,556
2011 $57,684,243,980 $532,081,481
2010 $50,691,645,231 $519,859,259
2009 $52,026,461,290 $515,618,519
2008 $54,483,464,293 $480,003,704
2007 $44,433,521,725 $444,685,185
2006 $34,382,295,487 $416,674,074
2005 $29,870,182,425 $391,455,556
2004 $26,159,078,743 $396,711,111
2003 $21,146,038,619 $373,318,519
2002 $16,403,880,783 $375,200,000
2001 $14,184,170,319 $377,462,963
2000 $13,246,669,554 $333,470,370
1999 $13,637,793,854 $331,759,259
1998 $15,031,821,788 $322,411,111
1997 $11,316,706,412 $302,988,889
1996 $12,295,588,924 $292,285,185
1995 $18,992,388,645 $274,522,222
1994 $9,709,230,161 $264,374,074
1993 $10,832,041,595 $245,525,926
1992 $8,602,874,120 $234,059,259
1991 $7,628,764,750 $219,762,963
1990 $20,726,605,649 $201,429,630
1989 $21,746,286,447 $185,137,243
1988 $23,003,003,708 $171,106,184
1987 $28,428,718,531 $151,868,754
1986 $20,261,546,635 $135,161,959
1985 $17,562,270,447 $119,491,933
1984 $17,410,894,971 $109,157,071
1983 $16,959,180,922 $98,665,191
1982 $19,803,624,625 $89,527,577
1981 $20,055,685,481 $82,107,391
1980 $20,039,544,133 $72,804,653
1979 - $55,017,759
1978 - $57,130,216
1977 - $45,872,947

Data sources: World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08).

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

GDP per capita in Bulgaria vs Dominica by year

Bulgaria
GDP per capita

GDP per capita, PPP
Dominica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Dominica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $20,328 - $10,989 -
2024 $17,597 $41,969 $10,405 $21,301
2023 $15,854 $38,829 $9,913 $20,286
2022 $14,000 $36,320 $9,324 $18,802
2021 $12,967 $30,959 $8,376 $15,809
2020 $10,761 $27,352 $7,828 $14,244
2019 $10,354 $26,766 $9,491 $16,021
2018 $9,850 $23,998 $9,215 $15,070
2017 $8,697 $22,317 $8,225 $12,696
2016 $7,823 $20,746 $8,803 $12,945
2015 $7,269 $18,896 $8,283 $12,093
2014 $8,070 $17,991 $8,132 $12,083
2013 $7,796 $16,894 $7,822 $11,286
2012 $7,432 $16,327 $7,529 $10,921
2011 $7,850 $15,747 $7,705 $11,123
2010 $6,854 $14,954 $7,550 $10,924
2009 $6,989 $14,188 $7,487 $10,804
2008 $7,272 $14,347 $6,971 $10,862
2007 $5,889 $12,822 $6,459 $9,949
2006 $4,523 $11,406 $6,056 $9,200
2005 $3,900 $10,291 $5,695 $8,557
2004 $3,390 $9,200 $5,779 $8,232
2003 $2,720 $8,416 $5,447 $7,714
2002 $2,093 $7,786 $5,488 $7,167
2001 $1,771 $6,960 $5,528 $7,291
2000 $1,621 $6,424 $4,867 $7,111
1999 $1,661 $5,808 $4,817 $6,759
1998 $1,821 $6,178 $4,664 $6,617
1997 $1,361 $5,751 $4,372 $6,290
1996 $1,470 $6,849 $4,211 $6,041
1995 $2,259 $7,743 $3,952 $5,749
1994 $1,150 $7,338 $3,805 $5,465
1993 $1,279 $7,032 $3,536 $5,352
1992 $1,007 $6,917 $3,376 $5,125
1991 $884 $7,215 $3,171 $4,914
1990 $2,377 $7,548 $2,893 $4,667
1989 $2,450 - $2,639 -
1988 $2,561 - $2,423 -
1987 $3,169 - $2,138 -
1986 $2,262 - $1,893 -
1985 $1,960 - $1,666 -
1984 $1,943 - $1,515 -
1983 $1,897 - $1,363 -
1982 $2,221 - $1,232 -
1981 $2,256 - $1,125 -
1980 $2,261 - $996 -
1979 - - $754 -
1978 - - $786 -
1977 - - $634 -

Data sources: World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08).

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

Bulgaria's GDP per capita is $20,328, ranking 58/197, compared to $10,989 in Dominica, ranking 84/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Dominica ranks 91st at $21,301.

Economic indicators

Bulgaria Dominica
Gross domestic product
$131B
2025
$724M
2025
GDP rank
63/197
2025
190/197
2025
GDP growth
3.1%
2024-2025
3.05%
2024-2025
GDP per capita
$20,328
2025
$10,989
2025
GDP per capita rank
58/197
2025
84/197
2025
GDP per capita, PPP
$41,969
2024
$21,301
2024
GDP per capita PPP rank
54/197
2024
91/197
2024
Government debt
$35.4B
2025
$743M
2025
Debt-to-GDP ratio
27.1%
2025
102.6%
2025
Government debt per person
$5,507
2025
$11,275
2025
Government debt per person rank
79/185
2025
54/185
2025
Average annual personal income after taxes
$16,126
2026
$6,105
2026
Market capitalization of domestic companies
$11.2B
2025
n/a
Number of billionaires
2
2026
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
38.9%
2025
55.4%
2025
Consumer prices inflation
3.5%
2024-2025
2.53%
2024-2025
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
3.5%
2025
11%
2001
Population
6390149
65501

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Dominica
Spending

Debt
1x
Year % of GDP
Bulgaria Dominica
Government spending Government debt Government spending Government debt
2025 38.9% 27.1% 55.4% 102.6%
2024 36.3% 23.8% 67.4% 108.2%
2023 37.5% 22.9% 64.8% 101.3%
2022 37.6% 22.5% 69.7% 110%
2021 38.5% 23.9% 67% 116.3%
2020 37.7% 22.7% 66.8% 118.4%
2019 36.1% 18.4% 48.3% 97.8%
2018 34.4% 20.1% 63.4% 85.7%
2017 32% 22.9% 54% 84.2%
2016 32.7% 27% 48% 76.9%
2015 37.3% 25.4% 32.4% 68.2%
2014 37.1% 26.3% 32.7% 71.3%
2013 35.5% 17.2% 33.4% 73.9%
2012 32.5% 16.5% 36.2% 73.1%
2011 32% 14.3% 35.2% 69.7%
2010 34.6% 14.1% 39.4% 66.8%
2009 33.8% 14.5% 35.9% 62.5%
2008 33.5% 14.7% 34.7% 64.4%
2007 33.1% 17.6% 34.1% 71.8%
2006 32.5% 22.6% 29.7% 77.4%
2005 34% 28.5% 31% 82%
2004 34.6% 37.8% 30.2% 86.2%
2003 35.8% 45.4% 30.1% 94.9%
2002 35.1% 53.4% 28.6% 97.9%
2001 36.5% 67.1% 29.6% 98.5%
2000 37.1% 73.3% 38.5% 68.9%
1999 36.2% 78.7% 35.2% 61.8%
1998 30.6% 67.3% 33% 56.3%
1997 32.9% 88.4% 28.2% 47.7%
1996 44% 113.8% 28.5% 53.7%
1995 45.4% 72% 28.8% 57.4%
1994 - - 27.2% 55.9%
1993 - - 25.2% 53.4%
1992 - - 27.4% 54%
1991 - - 29% 56.9%
1990 - - 31.5% 54.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1997, retrieved 2026-07-08).

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

In 2025, Bulgaria's government spending was $50.8B, accounting for 38.9% of its GDP, while Dominica spent $401M, or 55.4% of GDP.

Debt-to-GDP ratio is 27.1% in Bulgaria and 102.6% in Dominica, ranking 164/185 and 20/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Dominica
1x
Year Deficit/surplus, % of GDP
Bulgaria Dominica
2025 -3.01% -1.35%
2024 -3.01% -6.75%
2023 -3.04% -4.52%
2022 -0.8% -7.18%
2021 -2.8% -8.22%
2020 -2.92% -7.53%
2019 -0.96% -8.72%
2018 0.12% -17.2%
2017 0.82% -3.27%
2016 1.54% 11.6%
2015 -2.77% 11.4%
2014 -3.65% -5.54%
2013 -1.75% -2.88%
2012 -0.43% -5.41%
2011 -1.83% -4.4%
2010 -3.77% -3.38%
2009 -0.86% -0.31%
2008 2.73% 0.7%
2007 3.09% 1.8%
2006 3.22% 2.93%
2005 2.19% 0.95%
2004 1.59% -0.67%
2003 0.003% 0.85%
2002 -0.61% -4.07%
2001 -0.58% -6.54%
2000 -0.6% -8.66%
1999 0.15% -9.18%
1998 1.08% -5.99%
1997 0.83% -2.24%
1996 -10.1% -1.59%
1995 -7.98% -2.88%
1994 - -3.35%
1993 - -1.41%
1992 - -2.22%
1991 - -2.99%
1990 - -4.66%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-07-08).

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

In 2025, Bulgaria's government deficit, the difference between spending and revenue, was $3.94B, equivalent to 3.01% of GDP. This compares to Dominica's deficit of $9.76M, or 1.35% of GDP.

Over the past 31 years, Bulgaria recorded a fiscal deficit in 19 of those years, while Dominica ran a deficit in 24 years. On average, Bulgaria posted an annual deficit equal to 1.1% of GDP, compared to deficit of 3.17% of GDP for Dominica.

Inflation comparison by year

Inflation
Bulgaria

Dominica
1x
Year Consumer prices inflation
Bulgaria Dominica
2025 3.5% 2.53%
2024 2.6% 2.74%
2023 8.6% 5.09%
2022 13% 2.88%
2021 2.8% 2.23%
2020 1.2% 1.22%
2019 2.5% 1.5%
2018 2.6% 0.99%
2017 1.2% 0.3%
2016 -1.3% 0.14%
2015 -1.1% -0.84%
2014 -1.6% 0.8%
2013 0.4% -0.05%
2012 2.4% 1.36%
2011 3.4% 1.13%
2010 3% 3%
2009 2.5% 0.006%
2008 12% 6.36%
2007 7.6% 3.63%
2006 7.4% 2.2%
2005 6% 1.68%
2004 6.1% 2.39%
2003 2.3% 1.45%
2002 5.8% 0.17%
2001 7.4% 1.3%
2000 10.3% 0.86%
1999 2.6% 1.18%
1998 18.7% 1%
1997 1,061% 2.44%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bulgaria has recorded an average annual inflation rate of 41.1%, compared with 1.71% in Dominica. In 2025, inflation was 3.5% in Bulgaria and 2.53% in Dominica.

Top exports between countries

Bulgaria
Export category Export value
Machinery & equipment $22K
Processed food, beverages & tobacco $19K
Textiles & consumer goods $13K
Metals $6K
Dominica
Export category Export value

Balance of trade

Bulgaria Dominica
Current account balance
-$7.64B
2025
-$275M
2025
Current account balance ranking
170/190
2025
94/190
2025
Current account balance, % of GDP
-5.84%
2025
-38%
2025
Goods imports
$58.5B
2025
$275M
2025
Goods exports
$47.9B
2025
$29.8M
2025
Service imports
$9.42B
2025
$208M
2025
Service exports
$18.6B
2025
$181M
2025
Imports of goods and services, % of GDP
51.8%
2025
n/a
Exports of goods and services, % of GDP
50.7%
2025
8.5%
2026

Economic freedom indices

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

Bulgaria Dominica
Economic freedom 68.9 56.1
Economic freedom ranking 44/197 124/197
Property rights 75.8 65.8
Government integrity 48.4 61.2
Judicial effectiveness 58.5 77.3
Tax burden 89.1 76.1
Government spending 58.4 0
Fiscal health 90.4 45.6
Business freedom 78.2 66.2
Labor freedom 62.4 49.8
Monetary freedom 75.8 77.7
Trade freedom 79.4 53.2
Investment freedom 60 60
Financial freedom 50 40

Economic freedom comparison by year

Bulgaria
Dominica
1x
Year Economic freedom index
Bulgaria Dominica
2026 68.9 56.1
2025 68.8 55.3
2024 68.5 54
2023 69.3 59.7
2022 71 54.4
2021 70.4 53
2020 70.2 60.8
2019 69 63.6
2018 68.3 64.5
2017 67.9 63.7
2016 65.9 67
2015 66.8 66.1
2014 65.7 65.2
2013 65 63.9
2012 64.7 61.6
2011 64.9 63.3
2010 62.3 63.2
2009 64.6 62.6
2008 63.7 -
2007 62.7 -
2006 64.1 -
2005 62.3 -
2004 59.2 -
2003 57 -
2002 57.1 -
2001 51.9 -
2000 47.3 -
1999 46.2 -
1998 45.7 -
1997 47.6 -
1996 48.6 -
1995 50 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 56.1 for Dominica, ranking 124/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Dominica
Services, % of GDP
63.3%
2025
57.2%
2025
Industry, % of GDP
21.2%
2025
14.1%
2025
Agriculture, forestry, and fishing, % of GDP
2.47%
2025
12.1%
2025
GNI, Atlas method
$114B
2025
$704M
2025
GNI per capita, PPP
$42,170
2025
$22,130
2025
Total reserves including gold
$47.1B
2025
$165M
2025
Total reserves ranking
51/177
2025
172/177
2025
Net foreign direct investment
-$3.37B
2025
-$49.5M
2025
Net inflows of foreign direct investment
$3.05B
2024
$60M
2024
Net outflows of foreign direct investment
$1.21B
2024
-$401K
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
9.81%
2024
Poverty at national poverty lines
21.7%
2023
29%
2020
Gross capital formation, % of GDP
21.7%
2025
n/a

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/bulgaria/dominica | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.